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%18.5%
1 years$64,577$64,002$63,440$62,893$62,358$60,217
2 years$31,969$31,373$30,796$30,237$29,694$27,559
3 years$21,101$20,503$19,927$19,373$18,839$16,777
4 years$15,668$15,072$14,502$13,957$13,436$11,463
5 years$12,409$11,816$11,254$10,720$10,214$8,334
6 years$10,237$9,649$9,095$8,573$8,082$6,298
7 years$8,686$8,103$7,558$7,049$6,573$4,884
8 years$7,524$6,946$6,410$5,913$5,453$3,857
9 years$6,620$6,048$5,521$5,036$4,592$3,088
10 years$5,898$5,331$4,813$4,341$3,913$2,498
11 years$5,307$4,746$4,237$3,778$3,365$2,037
12 years$4,815$4,259$3,761$3,314$2,916$1,671
13 years$4,399$3,849$3,360$2,926$2,543$1,378
14 years$4,043$3,499$3,019$2,597$2,229$1,141
15 years$3,734$3,196$2,726$2,316$1,963$947
16 years$3,465$2,933$2,471$2,074$1,735$789
17 years$3,227$2,701$2,249$1,863$1,538$659
18 years$3,016$2,496$2,053$1,679$1,368$551
19 years$2,827$2,313$1,879$1,517$1,219$461
20 years$2,658$2,149$1,725$1,374$1,089$387
21 years$2,505$2,002$1,586$1,247$974$325
22 years$2,366$1,869$1,462$1,134$873$273
23 years$2,239$1,748$1,350$1,033$784$229
24 years$2,123$1,638$1,248$942$705$193
25 years$2,016$1,537$1,156$860$634$162
26 years$1,918$1,444$1,072$787$571$137
27 years$1,827$1,359$996$720$515$115
28 years$1,743$1,281$926$660$465$97
29 years$1,665$1,208$861$605$420$82
30 years$1,592$1,141$802$555$379$69
31 years$1,524$1,079$748$510$343$58
32 years$1,460$1,021$698$469$310$49
33 years$1,400$967$652$431$281$41
34 years$1,344$916$609$396$254$35
35 years$1,292$869$569$365$230$29
36 years$1,242$825$533$336$208$25
37 years$1,195$783$498$310$189$21
38 years$1,151$744$467$285$171$18
39 years$1,109$708$437$263$155$15
40 years$1,069$674$410$243$141$13
41 years$1,031$641$384$224$128$11
42 years$996$611$361$207$116$9
43 years$962$582$338$191$105$8
44 years$929$555$318$176$96$6
45 years$898$529$298$163$87$5
46 years$869$504$280$150$79$5
47 years$841$481$263$139$72$4
48 years$814$460$247$128$65$3
49 years$788$439$232$119$59$3
50 years$764$419$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $782,000, adding $2,061 every year, while hoping to spend $26,192 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: 48/45/7 Blend
55$782,000$782,000$782,000$782,000
56$863,890$822,444$810,323$903,665
57$924,139$834,876$809,601$943,550
58$989,655$847,039$807,976$983,894
59$1,060,948$858,892$805,392$1,027,080
60$1,138,579$870,392$801,787$1,073,381
61$1,223,166$881,493$797,098$1,123,095
62$1,315,386$892,143$791,258$1,176,553
63$1,415,987$902,290$784,198$1,234,122
64$1,525,793$911,877$775,843$1,296,204
65$1,645,708$920,844$766,118$1,363,243
66$1,776,729$929,124$754,942$1,435,731
67$1,919,954$936,650$742,231$1,514,209
68$2,076,591$943,347$727,898$1,599,276
69$2,247,970$949,138$711,849$1,691,592
70$2,435,557$953,939$693,989$1,791,885
71$2,640,963$957,661$674,217$1,900,960
72$2,865,965$960,211$652,428$2,019,704
73$3,112,520$961,488$628,511$2,149,096
74$3,382,782$961,385$602,350$2,290,219
75$3,679,123$959,790$573,826$2,444,264
76$4,004,156$956,583$542,813$2,612,549
77$4,360,761$951,636$509,177$2,796,526
78$4,752,107$944,815$472,783$2,997,799
79$5,181,687$935,975$433,486$3,218,137
80$5,653,347$924,966$391,136$3,459,493
81$6,171,324$911,626$345,575$3,724,021
82$6,740,288$895,784$296,641$4,014,097
83$7,365,380$877,260$244,160$4,332,344
84$8,052,265$855,862$187,956$4,681,656
85$8,807,184$831,387$127,841$5,065,224
86$9,637,013$803,621$63,619$5,486,571
87$10,549,326$772,337$0$5,949,581
88$11,552,470$737,294$0$6,458,908
89$12,655,638$698,238$0$7,024,006
90$13,868,962$654,900$0$7,645,350
91$15,203,601$606,995$0$8,328,710
92$16,671,854$554,223$0$9,080,448
93$18,287,269$496,267$0$9,907,583
94$20,064,776$432,789$0$10,817,851
95$22,020,823$363,435$0$11,819,786
96$24,173,534$287,831$0$12,922,797
97$26,542,879$205,579$0$14,137,262
98$29,150,862$116,262$0$15,474,621
99$32,021,728$19,437$0$16,947,492
100$35,182,193$0$0$18,569,785