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%19.3%
1 years$64,577$64,002$63,440$62,893$62,358$60,026
2 years$31,969$31,373$30,796$30,237$29,694$27,372
3 years$21,101$20,503$19,927$19,373$18,839$16,599
4 years$15,668$15,072$14,502$13,957$13,436$11,295
5 years$12,409$11,816$11,254$10,720$10,214$8,178
6 years$10,237$9,649$9,095$8,573$8,082$6,152
7 years$8,686$8,103$7,558$7,049$6,573$4,749
8 years$7,524$6,946$6,410$5,913$5,453$3,733
9 years$6,620$6,048$5,521$5,036$4,592$2,974
10 years$5,898$5,331$4,813$4,341$3,913$2,394
11 years$5,307$4,746$4,237$3,778$3,365$1,942
12 years$4,815$4,259$3,761$3,314$2,916$1,584
13 years$4,399$3,849$3,360$2,926$2,543$1,299
14 years$4,043$3,499$3,019$2,597$2,229$1,070
15 years$3,734$3,196$2,726$2,316$1,963$884
16 years$3,465$2,933$2,471$2,074$1,735$732
17 years$3,227$2,701$2,249$1,863$1,538$607
18 years$3,016$2,496$2,053$1,679$1,368$505
19 years$2,827$2,313$1,879$1,517$1,219$420
20 years$2,658$2,149$1,725$1,374$1,089$350
21 years$2,505$2,002$1,586$1,247$974$292
22 years$2,366$1,869$1,462$1,134$873$244
23 years$2,239$1,748$1,350$1,033$784$204
24 years$2,123$1,638$1,248$942$705$170
25 years$2,016$1,537$1,156$860$634$142
26 years$1,918$1,444$1,072$787$571$119
27 years$1,827$1,359$996$720$515$100
28 years$1,743$1,281$926$660$465$83
29 years$1,665$1,208$861$605$420$70
30 years$1,592$1,141$802$555$379$58
31 years$1,524$1,079$748$510$343$49
32 years$1,460$1,021$698$469$310$41
33 years$1,400$967$652$431$281$34
34 years$1,344$916$609$396$254$29
35 years$1,292$869$569$365$230$24
36 years$1,242$825$533$336$208$20
37 years$1,195$783$498$310$189$17
38 years$1,151$744$467$285$171$14
39 years$1,109$708$437$263$155$12
40 years$1,069$674$410$243$141$10
41 years$1,031$641$384$224$128$8
42 years$996$611$361$207$116$7
43 years$962$582$338$191$105$6
44 years$929$555$318$176$96$5
45 years$898$529$298$163$87$4
46 years$869$504$280$150$79$3
47 years$841$481$263$139$72$3
48 years$814$460$247$128$65$2
49 years$788$439$232$119$59$2
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 $2,333 every year, while hoping to spend $43,699 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: 54/22/24 Blend
55$782,000$782,000$782,000$782,000
56$864,170$822,724$810,603$905,003
57$905,820$816,543$791,263$927,178
58$950,254$808,593$769,811$946,572
59$997,709$798,744$746,129$966,777
60$1,048,447$786,853$720,095$987,883
61$1,102,752$772,772$691,581$1,009,996
62$1,160,938$756,343$660,455$1,033,231
63$1,223,349$737,399$626,575$1,057,722
64$1,290,361$715,763$589,797$1,083,614
65$1,362,389$691,247$549,966$1,111,074
66$1,439,887$663,652$506,924$1,140,286
67$1,523,354$632,769$460,504$1,171,457
68$1,613,337$598,376$410,532$1,204,819
69$1,710,438$560,237$356,826$1,240,632
70$1,815,319$518,105$299,195$1,279,183
71$1,928,706$471,716$237,442$1,320,796
72$2,051,397$420,793$171,360$1,365,831
73$2,184,270$365,043$100,731$1,414,689
74$2,328,291$304,155$25,331$1,467,817
75$2,484,520$237,802$0$1,525,712
76$2,654,126$165,639$0$1,603,048
77$2,838,391$87,300$0$1,694,161
78$3,038,727$2,398$0$1,793,309
79$3,256,689$0$0$1,901,323
80$3,493,985$0$0$2,040,779
81$3,752,497$0$0$2,193,404
82$4,034,293$0$0$2,359,847
83$4,341,653$0$0$2,541,463
84$4,677,083$0$0$2,739,743
85$5,043,343$0$0$2,956,327
86$5,443,472$0$0$3,193,022
87$5,880,813$0$0$3,451,817
88$6,359,050$0$0$3,734,903
89$6,882,236$0$0$4,044,689
90$7,454,836$0$0$4,383,832
91$8,081,765$0$0$4,755,255
92$8,768,437$0$0$5,162,177
93$9,520,813$0$0$5,608,145
94$10,345,459$0$0$6,097,064
95$11,249,604$0$0$6,633,234
96$12,241,212$0$0$7,221,393
97$13,329,055$0$0$7,866,759
98$14,522,794$0$0$8,575,079
99$15,833,071$0$0$9,352,683
100$17,271,609$0$0$10,206,547