Can I retire at age 56 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$64,577$64,002$63,440$62,893$62,358$60,556
2 years$31,969$31,373$30,796$30,237$29,694$27,893
3 years$21,101$20,503$19,927$19,373$18,839$17,095
4 years$15,668$15,072$14,502$13,957$13,436$11,763
5 years$12,409$11,816$11,254$10,720$10,214$8,616
6 years$10,237$9,649$9,095$8,573$8,082$6,561
7 years$8,686$8,103$7,558$7,049$6,573$5,128
8 years$7,524$6,946$6,410$5,913$5,453$4,084
9 years$6,620$6,048$5,521$5,036$4,592$3,298
10 years$5,898$5,331$4,813$4,341$3,913$2,691
11 years$5,307$4,746$4,237$3,778$3,365$2,214
12 years$4,815$4,259$3,761$3,314$2,916$1,833
13 years$4,399$3,849$3,360$2,926$2,543$1,526
14 years$4,043$3,499$3,019$2,597$2,229$1,276
15 years$3,734$3,196$2,726$2,316$1,963$1,070
16 years$3,465$2,933$2,471$2,074$1,735$900
17 years$3,227$2,701$2,249$1,863$1,538$759
18 years$3,016$2,496$2,053$1,679$1,368$642
19 years$2,827$2,313$1,879$1,517$1,219$543
20 years$2,658$2,149$1,725$1,374$1,089$460
21 years$2,505$2,002$1,586$1,247$974$390
22 years$2,366$1,869$1,462$1,134$873$332
23 years$2,239$1,748$1,350$1,033$784$282
24 years$2,123$1,638$1,248$942$705$240
25 years$2,016$1,537$1,156$860$634$204
26 years$1,918$1,444$1,072$787$571$174
27 years$1,827$1,359$996$720$515$148
28 years$1,743$1,281$926$660$465$126
29 years$1,665$1,208$861$605$420$108
30 years$1,592$1,141$802$555$379$92
31 years$1,524$1,079$748$510$343$78
32 years$1,460$1,021$698$469$310$67
33 years$1,400$967$652$431$281$57
34 years$1,344$916$609$396$254$49
35 years$1,292$869$569$365$230$41
36 years$1,242$825$533$336$208$35
37 years$1,195$783$498$310$189$30
38 years$1,151$744$467$285$171$26
39 years$1,109$708$437$263$155$22
40 years$1,069$674$410$243$141$19
41 years$1,031$641$384$224$128$16
42 years$996$611$361$207$116$14
43 years$962$582$338$191$105$12
44 years$929$555$318$176$96$10
45 years$898$529$298$163$87$9
46 years$869$504$280$150$79$7
47 years$841$481$263$139$72$6
48 years$814$460$247$128$65$5
49 years$788$439$232$119$59$5
50 years$764$419$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $782,000, adding $2,029 every year, while hoping to spend $40,840 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: 77/16/7 Blend
55$782,000$782,000$782,000$782,000
56$863,857$822,411$810,290$929,485
57$908,517$819,256$793,981$969,713
58$956,363$814,577$775,757$1,008,330
59$1,007,678$808,257$755,511$1,049,473
60$1,062,771$800,171$733,130$1,093,374
61$1,121,981$790,187$708,497$1,140,291
62$1,185,681$778,164$681,490$1,190,509
63$1,254,279$763,953$651,979$1,244,339
64$1,328,226$747,397$619,831$1,302,128
65$1,408,015$728,330$584,905$1,364,256
66$1,494,189$706,573$547,055$1,431,143
67$1,587,342$681,942$506,127$1,503,253
68$1,688,131$654,236$461,962$1,581,097
69$1,797,274$623,248$414,392$1,665,238
70$1,915,565$588,756$363,243$1,756,299
71$2,043,872$550,525$308,332$1,854,965
72$2,183,154$508,308$249,468$1,961,995
73$2,334,463$461,842$186,452$2,078,222
74$2,498,957$410,851$119,077$2,204,569
75$2,677,911$355,043$47,126$2,342,052
76$2,872,726$294,108$0$2,491,793
77$3,084,944$227,720$0$2,657,243
78$3,316,264$155,533$0$2,841,453
79$3,568,553$77,184$0$3,042,423
80$3,843,867$0$0$3,261,833
81$4,144,470$0$0$3,502,894
82$4,472,853$0$0$3,781,104
83$4,831,759$0$0$4,085,200
84$5,224,208$0$0$4,417,744
85$5,653,524$0$0$4,781,557
86$6,123,369$0$0$5,179,745
87$6,637,773$0$0$5,615,728
88$7,201,175$0$0$6,093,272
89$7,818,465$0$0$6,616,525
90$8,495,025$0$0$7,190,054
91$9,236,786$0$0$7,818,890
92$10,050,277$0$0$8,508,575
93$10,942,691$0$0$9,265,210
94$11,921,951$0$0$10,095,519
95$12,996,784$0$0$11,006,904
96$14,176,801$0$0$12,007,522
97$15,472,592$0$0$13,106,358
98$16,895,821$0$0$14,313,307
99$18,459,338$0$0$15,639,275
100$20,177,298$0$0$17,096,269