Can I retire at age 56 with 772,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$63,751$63,183$62,629$62,088$61,560$60,917
2 years$31,560$30,972$30,403$29,850$29,314$28,667
3 years$20,831$20,241$19,672$19,125$18,598$17,966
4 years$15,468$14,879$14,316$13,779$13,264$12,653
5 years$12,250$11,665$11,110$10,583$10,083$9,494
6 years$10,106$9,526$8,979$8,464$7,979$7,412
7 years$8,575$8,000$7,461$6,958$6,489$5,946
8 years$7,428$6,857$6,328$5,837$5,383$4,863
9 years$6,535$5,970$5,450$4,972$4,533$4,036
10 years$5,822$5,263$4,752$4,286$3,863$3,388
11 years$5,239$4,685$4,183$3,730$3,322$2,870
12 years$4,753$4,205$3,712$3,272$2,879$2,449
13 years$4,343$3,800$3,317$2,888$2,510$2,101
14 years$3,991$3,454$2,980$2,564$2,201$1,812
15 years$3,686$3,155$2,691$2,287$1,938$1,569
16 years$3,420$2,895$2,440$2,047$1,712$1,364
17 years$3,186$2,666$2,220$1,840$1,518$1,189
18 years$2,977$2,464$2,026$1,658$1,350$1,039
19 years$2,791$2,283$1,855$1,498$1,203$909
20 years$2,624$2,122$1,703$1,357$1,075$798
21 years$2,473$1,976$1,566$1,231$962$701
22 years$2,335$1,845$1,443$1,120$862$617
23 years$2,210$1,725$1,333$1,020$774$543
24 years$2,096$1,617$1,232$930$696$479
25 years$1,990$1,517$1,142$849$626$423
26 years$1,893$1,426$1,059$777$564$374
27 years$1,804$1,342$983$711$508$330
28 years$1,721$1,264$914$651$459$292
29 years$1,643$1,193$850$597$414$259
30 years$1,571$1,127$792$548$374$229
31 years$1,504$1,065$739$503$338$203
32 years$1,441$1,008$689$463$306$180
33 years$1,383$954$643$425$277$159
34 years$1,327$904$601$391$251$141
35 years$1,275$858$562$360$227$125
36 years$1,226$814$526$332$206$111
37 years$1,180$773$492$306$187$99
38 years$1,136$735$461$282$169$88
39 years$1,095$699$432$260$153$78
40 years$1,055$665$405$240$139$69
41 years$1,018$633$379$221$126$61
42 years$983$603$356$204$115$54
43 years$949$574$334$188$104$48
44 years$917$547$314$174$94$43
45 years$887$522$294$161$86$38
46 years$858$498$276$148$78$34
47 years$830$475$260$137$71$30
48 years$803$454$244$127$64$27
49 years$778$433$229$117$58$24
50 years$754$414$216$108$53$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $772,000, adding $4,721 every year, while hoping to spend $42,808 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: 51/30/19 Blend
55$772,000$772,000$772,000$772,000
56$855,614$814,698$802,732$894,530
57$897,339$809,071$784,076$916,231
58$941,885$801,733$763,360$934,995
59$989,496$792,556$740,471$954,478
60$1,040,436$781,402$715,288$974,764
61$1,094,997$768,128$687,687$995,946
62$1,153,499$752,579$657,537$1,018,130
63$1,216,293$734,592$624,701$1,041,436
64$1,283,764$713,996$589,038$1,065,998
65$1,356,334$690,608$550,397$1,091,966
66$1,434,467$664,235$508,623$1,119,511
67$1,518,674$634,674$463,552$1,148,822
68$1,609,513$601,707$415,016$1,180,113
69$1,707,600$565,107$362,835$1,213,622
70$1,813,610$524,632$306,825$1,249,618
71$1,928,285$480,026$246,791$1,288,399
72$2,052,443$431,020$182,531$1,330,300
73$2,186,980$377,328$113,834$1,375,692
74$2,332,884$318,649$40,479$1,424,995
75$2,491,238$254,663$0$1,478,670
76$2,663,238$185,035$0$1,544,901
77$2,850,195$109,409$0$1,625,857
78$3,053,554$27,409$0$1,714,014
79$3,274,904$0$0$1,810,142
80$3,515,993$0$0$1,935,347
81$3,778,745$0$0$2,081,737
82$4,065,277$0$0$2,241,451
83$4,377,920$0$0$2,415,798
84$4,719,240$0$0$2,606,219
85$5,092,059$0$0$2,814,300
86$5,499,487$0$0$3,041,785
87$5,944,946$0$0$3,290,597
88$6,432,204$0$0$3,562,852
89$6,965,409$0$0$3,860,881
90$7,549,131$0$0$4,187,249
91$8,188,400$0$0$4,544,782
92$8,888,756$0$0$4,936,592
93$9,656,299$0$0$5,366,106
94$10,497,751$0$0$5,837,100
95$11,420,510$0$0$6,353,729
96$12,432,729$0$0$6,920,574
97$13,543,385$0$0$7,542,679
98$14,762,367$0$0$8,225,598
99$16,100,568$0$0$8,975,453
100$17,569,987$0$0$9,798,984