Can I retire at age 56 with 769,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$63,503$62,938$62,386$61,847$61,321$59,887
2 years$31,437$30,852$30,284$29,734$29,201$27,764
3 years$20,750$20,162$19,596$19,051$18,526$17,132
4 years$15,407$14,821$14,261$13,725$13,213$11,872
5 years$12,203$11,620$11,067$10,542$10,044$8,760
6 years$10,067$9,489$8,944$8,431$7,948$6,722
7 years$8,542$7,969$7,432$6,931$6,464$5,296
8 years$7,399$6,830$6,303$5,815$5,362$4,252
9 years$6,510$5,947$5,429$4,953$4,516$3,463
10 years$5,800$5,242$4,733$4,269$3,848$2,850
11 years$5,219$4,667$4,167$3,716$3,309$2,366
12 years$4,735$4,189$3,698$3,259$2,868$1,978
13 years$4,326$3,785$3,304$2,877$2,501$1,662
14 years$3,975$3,441$2,969$2,554$2,192$1,403
15 years$3,672$3,143$2,680$2,278$1,930$1,188
16 years$3,407$2,884$2,430$2,040$1,706$1,010
17 years$3,173$2,656$2,211$1,832$1,512$860
18 years$2,966$2,454$2,019$1,651$1,345$734
19 years$2,780$2,274$1,848$1,492$1,199$628
20 years$2,614$2,114$1,696$1,351$1,071$538
21 years$2,463$1,969$1,560$1,227$958$461
22 years$2,326$1,838$1,438$1,115$859$396
23 years$2,202$1,719$1,327$1,016$771$340
24 years$2,087$1,610$1,228$926$693$293
25 years$1,983$1,511$1,137$846$624$252
26 years$1,886$1,420$1,055$774$562$217
27 years$1,797$1,337$979$708$506$187
28 years$1,714$1,260$910$649$457$161
29 years$1,637$1,188$847$595$413$139
30 years$1,565$1,122$789$546$373$120
31 years$1,498$1,061$736$501$337$103
32 years$1,436$1,004$686$461$305$89
33 years$1,377$951$641$424$276$77
34 years$1,322$901$599$390$250$67
35 years$1,270$855$560$359$226$57
36 years$1,221$811$524$331$205$50
37 years$1,175$770$490$305$186$43
38 years$1,132$732$459$281$168$37
39 years$1,090$696$430$259$153$32
40 years$1,051$662$403$239$139$28
41 years$1,014$630$378$220$126$24
42 years$979$600$355$203$114$21
43 years$946$572$333$188$104$18
44 years$914$545$312$173$94$15
45 years$883$520$293$160$85$13
46 years$854$496$275$148$77$11
47 years$827$473$259$137$70$10
48 years$800$452$243$126$64$9
49 years$775$432$229$117$58$7
50 years$751$412$215$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $769,000, adding $2,320 every year, while hoping to spend $22,465 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/45/13 Blend
55$769,000$769,000$769,000$769,000
56$849,831$809,074$797,155$882,195
57$912,611$824,816$799,957$920,881
58$981,042$840,577$802,100$960,333
59$1,055,676$856,333$803,538$1,002,561
60$1,137,122$872,060$804,223$1,047,829
61$1,226,049$887,731$804,105$1,096,427
62$1,323,194$903,318$803,130$1,148,676
63$1,429,368$918,789$801,244$1,204,928
64$1,545,466$934,112$798,388$1,265,575
65$1,672,469$949,249$794,500$1,331,045
66$1,811,463$964,164$789,517$1,401,815
67$1,963,638$978,814$783,372$1,478,406
68$2,130,308$993,155$775,994$1,561,398
69$2,312,920$1,007,140$767,310$1,651,426
70$2,513,066$1,020,718$757,243$1,749,194
71$2,732,500$1,033,834$745,712$1,855,477
72$2,973,153$1,046,431$732,632$1,971,130
73$3,237,155$1,058,446$717,915$2,097,098
74$3,526,848$1,069,813$701,468$2,234,421
75$3,844,813$1,080,461$683,195$2,384,248
76$4,193,896$1,090,315$662,993$2,547,846
77$4,577,228$1,099,295$640,758$2,726,613
78$4,998,259$1,107,315$616,378$2,922,090
79$5,460,792$1,114,283$589,736$3,135,979
80$5,969,013$1,120,104$560,713$3,370,155
81$6,527,536$1,124,673$529,181$3,626,689
82$7,141,444$1,127,881$495,007$3,907,863
83$7,816,335$1,129,611$458,054$4,216,194
84$8,558,379$1,129,740$418,177$4,554,462
85$9,374,372$1,128,135$375,224$4,925,728
86$10,271,802$1,124,658$329,038$5,333,372
87$11,258,919$1,119,159$279,454$5,781,120
88$12,344,813$1,111,482$226,300$6,273,082
89$13,539,499$1,101,459$169,395$6,813,790
90$14,854,011$1,088,914$108,554$7,408,243
91$16,300,508$1,073,659$43,578$8,061,954
92$17,892,387$1,055,495$0$8,781,002
93$19,644,408$1,034,212$0$9,575,665
94$21,572,836$1,009,587$0$10,456,444
95$23,695,591$981,382$0$11,425,472
96$26,032,421$949,349$0$12,491,769
97$28,605,083$913,223$0$13,665,282
98$31,437,554$872,723$0$14,956,976
99$34,556,251$827,553$0$16,378,936
100$37,990,286$777,400$0$17,944,490