Can I retire at age 56 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$64,164$63,592$63,035$62,491$61,959$60,958
2 years$31,764$31,173$30,599$30,044$29,504$28,498
3 years$20,966$20,372$19,800$19,249$18,719$17,739
4 years$15,568$14,975$14,409$13,868$13,350$12,405
5 years$12,330$11,741$11,182$10,652$10,149$9,240
6 years$10,172$9,587$9,037$8,518$8,030$7,160
7 years$8,631$8,051$7,510$7,003$6,531$5,698
8 years$7,476$6,902$6,369$5,875$5,418$4,623
9 years$6,578$6,009$5,485$5,004$4,563$3,806
10 years$5,860$5,297$4,782$4,314$3,888$3,168
11 years$5,273$4,715$4,210$3,754$3,344$2,660
12 years$4,784$4,232$3,737$3,293$2,897$2,249
13 years$4,371$3,825$3,338$2,907$2,527$1,913
14 years$4,017$3,477$3,000$2,581$2,215$1,634
15 years$3,710$3,176$2,708$2,301$1,950$1,402
16 years$3,442$2,914$2,455$2,061$1,723$1,206
17 years$3,206$2,684$2,234$1,852$1,528$1,041
18 years$2,997$2,480$2,040$1,669$1,359$900
19 years$2,809$2,298$1,867$1,508$1,211$780
20 years$2,641$2,136$1,714$1,366$1,082$678
21 years$2,489$1,989$1,576$1,239$968$589
22 years$2,350$1,857$1,453$1,127$868$513
23 years$2,224$1,737$1,341$1,026$779$447
24 years$2,109$1,627$1,240$936$700$390
25 years$2,003$1,527$1,149$855$630$340
26 years$1,906$1,435$1,066$782$567$297
27 years$1,815$1,351$989$715$512$260
28 years$1,732$1,273$920$655$462$227
29 years$1,654$1,201$856$601$417$199
30 years$1,582$1,134$797$552$377$174
31 years$1,514$1,072$743$507$341$153
32 years$1,451$1,014$694$466$308$134
33 years$1,391$960$648$428$279$117
34 years$1,336$910$605$394$252$103
35 years$1,283$863$566$363$229$90
36 years$1,234$820$529$334$207$79
37 years$1,187$778$495$308$188$69
38 years$1,143$740$464$284$170$61
39 years$1,102$703$435$262$154$53
40 years$1,062$669$407$241$140$47
41 years$1,025$637$382$223$127$41
42 years$989$607$358$205$115$36
43 years$955$578$336$190$105$32
44 years$923$551$316$175$95$28
45 years$892$525$296$162$86$24
46 years$863$501$278$149$78$21
47 years$835$478$261$138$71$19
48 years$809$457$246$127$65$16
49 years$783$436$231$118$59$14
50 years$759$417$217$109$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $777,000, adding $4,866 every year, while hoping to spend $44,776 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: 65/24/11 Blend
55$777,000$777,000$777,000$777,000
56$861,273$820,092$808,049$914,849
57$901,482$812,635$787,477$943,739
58$944,291$803,313$764,716$969,591
59$989,919$791,985$739,644$996,699
60$1,038,604$778,505$712,135$1,025,182
61$1,090,607$762,718$682,058$1,055,173
62$1,146,217$744,459$649,274$1,086,820
63$1,205,746$723,552$613,639$1,120,290
64$1,269,539$699,814$575,004$1,155,764
65$1,337,975$673,047$533,209$1,193,447
66$1,411,468$643,046$488,091$1,233,564
67$1,490,473$609,591$439,477$1,276,369
68$1,575,490$572,450$387,189$1,322,139
69$1,667,068$531,378$331,038$1,371,185
70$1,765,810$486,117$270,829$1,423,852
71$1,872,378$436,391$206,357$1,480,522
72$1,987,499$381,913$137,408$1,541,618
73$2,111,972$322,375$63,760$1,607,612
74$2,246,677$257,456$0$1,679,025
75$2,392,580$186,812$0$1,758,177
76$2,550,742$110,084$0$1,852,068
77$2,722,330$26,892$0$1,953,946
78$2,908,631$0$0$2,064,631
79$3,111,056$0$0$2,201,709
80$3,331,159$0$0$2,358,527
81$3,570,650$0$0$2,529,205
82$3,831,410$0$0$2,715,091
83$4,115,509$0$0$2,917,667
84$4,425,225$0$0$3,138,563
85$4,763,065$0$0$3,379,574
86$5,131,788$0$0$3,642,676
87$5,534,433$0$0$3,930,044
88$5,974,341$0$0$4,244,071
89$6,455,196$0$0$4,587,393
90$6,981,049$0$0$4,962,913
91$7,556,362$0$0$5,373,825
92$8,186,050$0$0$5,823,649
93$8,875,523$0$0$6,316,257
94$9,630,738$0$0$6,855,918
95$10,458,258$0$0$7,447,329
96$11,365,308$0$0$8,095,666
97$12,359,847$0$0$8,806,627
98$13,450,640$0$0$9,586,490
99$14,647,342$0$0$10,442,169
100$15,960,587$0$0$11,381,280