Can I retire at age 56 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$64,329$63,756$63,197$62,651$62,119$59,772
2 years$31,846$31,253$30,678$30,121$29,580$27,243
3 years$21,020$20,424$19,851$19,299$18,767$16,513
4 years$15,608$15,014$14,446$13,904$13,385$11,231
5 years$12,361$11,771$11,211$10,679$10,175$8,128
6 years$10,198$9,612$9,060$8,540$8,051$6,111
7 years$8,653$8,072$7,529$7,021$6,548$4,714
8 years$7,495$6,919$6,385$5,890$5,432$3,704
9 years$6,595$6,025$5,500$5,017$4,574$2,949
10 years$5,875$5,310$4,795$4,325$3,898$2,372
11 years$5,286$4,727$4,221$3,764$3,352$1,923
12 years$4,796$4,243$3,746$3,301$2,905$1,568
13 years$4,382$3,835$3,347$2,915$2,533$1,285
14 years$4,027$3,485$3,007$2,587$2,221$1,057
15 years$3,720$3,184$2,715$2,307$1,955$872
16 years$3,451$2,921$2,462$2,066$1,728$722
17 years$3,215$2,690$2,240$1,856$1,532$599
18 years$3,004$2,486$2,045$1,673$1,362$497
19 years$2,816$2,304$1,872$1,512$1,214$413
20 years$2,648$2,141$1,718$1,369$1,085$344
21 years$2,495$1,994$1,580$1,243$971$287
22 years$2,356$1,862$1,456$1,130$870$239
23 years$2,230$1,741$1,345$1,029$781$200
24 years$2,115$1,631$1,244$938$702$167
25 years$2,008$1,531$1,152$857$632$139
26 years$1,911$1,439$1,068$784$569$117
27 years$1,820$1,354$992$717$513$97
28 years$1,736$1,276$922$657$463$82
29 years$1,658$1,204$858$603$418$68
30 years$1,586$1,137$799$553$378$57
31 years$1,518$1,075$745$508$341$48
32 years$1,455$1,017$695$467$309$40
33 years$1,395$963$649$429$279$33
34 years$1,339$913$607$395$253$28
35 years$1,287$866$567$364$229$23
36 years$1,237$822$531$335$208$20
37 years$1,191$780$497$309$188$16
38 years$1,146$742$465$284$171$14
39 years$1,105$705$436$262$155$12
40 years$1,065$671$408$242$140$10
41 years$1,027$639$383$223$127$8
42 years$992$608$359$206$116$7
43 years$958$580$337$190$105$6
44 years$926$552$316$176$95$5
45 years$895$527$297$162$86$4
46 years$865$503$279$150$78$3
47 years$837$480$262$138$71$3
48 years$811$458$246$128$65$2
49 years$785$437$232$118$59$2
50 years$761$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $779,000, adding $4,703 every year, while hoping to spend $35,830 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: 37/44/19 Blend
55$779,000$779,000$779,000$779,000
56$863,309$822,022$809,948$890,145
57$913,244$824,178$798,958$912,165
58$967,071$825,239$786,399$932,215
59$1,025,150$825,114$772,181$953,127
60$1,087,875$823,704$756,209$975,000
61$1,155,680$820,908$738,384$997,942
62$1,229,042$816,615$718,603$1,022,078
63$1,308,484$810,709$696,756$1,047,546
64$1,394,583$803,067$672,731$1,074,502
65$1,487,973$793,559$646,409$1,103,121
66$1,589,348$782,046$617,666$1,133,599
67$1,699,477$768,381$586,373$1,166,156
68$1,819,201$752,410$552,394$1,201,035
69$1,949,448$733,966$515,588$1,238,513
70$2,091,238$712,876$475,806$1,278,895
71$2,245,693$688,956$432,894$1,322,523
72$2,414,049$662,010$386,692$1,369,781
73$2,597,665$631,832$337,029$1,421,092
74$2,798,037$598,202$283,730$1,476,933
75$3,016,812$560,890$226,610$1,537,833
76$3,255,805$519,650$165,479$1,604,379
77$3,517,009$474,226$100,135$1,677,227
78$3,802,624$424,342$30,369$1,757,106
79$4,115,067$369,711$0$1,844,827
80$4,457,005$310,028$0$1,950,227
81$4,831,369$244,969$0$2,072,521
82$5,241,390$174,194$0$2,206,706
83$5,690,626$97,344$0$2,354,066
84$6,182,995$14,038$0$2,516,022
85$6,722,810$0$0$2,694,149
86$7,314,825$0$0$2,927,045
87$7,964,274$0$0$3,190,103
88$8,676,922$0$0$3,478,875
89$9,459,119$0$0$3,795,948
90$10,317,860$0$0$4,144,172
91$11,260,851$0$0$4,526,688
92$12,296,580$0$0$4,946,955
93$13,434,398$0$0$5,408,782
94$14,684,605$0$0$5,916,370
95$16,058,551$0$0$6,474,342
96$17,568,736$0$0$7,087,794
97$19,228,935$0$0$7,762,339
98$21,054,323$0$0$8,504,164
99$23,061,617$0$0$9,320,081
100$25,269,237$0$0$10,217,600