Can I retire at age 56 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$64,907$64,329$63,765$63,214$62,677$61,411
2 years$32,132$31,534$30,954$30,392$29,846$28,577
3 years$21,209$20,608$20,029$19,472$18,936$17,702
4 years$15,748$15,149$14,576$14,029$13,505$12,316
5 years$12,472$11,877$11,312$10,775$10,266$9,126
6 years$10,289$9,698$9,142$8,617$8,123$7,033
7 years$8,731$8,145$7,597$7,085$6,606$5,566
8 years$7,562$6,981$6,443$5,943$5,481$4,490
9 years$6,654$6,079$5,549$5,062$4,616$3,674
10 years$5,928$5,358$4,838$4,364$3,933$3,039
11 years$5,334$4,770$4,259$3,798$3,382$2,536
12 years$4,839$4,281$3,780$3,331$2,931$2,131
13 years$4,421$3,869$3,377$2,941$2,556$1,800
14 years$4,063$3,517$3,034$2,611$2,240$1,528
15 years$3,753$3,213$2,740$2,328$1,973$1,301
16 years$3,482$2,948$2,484$2,085$1,743$1,112
17 years$3,243$2,715$2,260$1,873$1,546$953
18 years$3,031$2,508$2,063$1,688$1,375$818
19 years$2,842$2,325$1,889$1,525$1,225$704
20 years$2,671$2,160$1,733$1,381$1,094$607
21 years$2,517$2,012$1,594$1,254$979$523
22 years$2,378$1,878$1,469$1,140$878$452
23 years$2,250$1,757$1,357$1,038$788$391
24 years$2,134$1,646$1,255$947$708$338
25 years$2,026$1,545$1,162$865$637$293
26 years$1,928$1,452$1,078$791$574$254
27 years$1,836$1,366$1,001$724$518$220
28 years$1,752$1,287$930$663$467$191
29 years$1,673$1,215$866$608$422$166
30 years$1,600$1,147$807$558$381$144
31 years$1,532$1,084$752$512$344$125
32 years$1,468$1,026$702$471$312$109
33 years$1,408$972$655$433$282$94
34 years$1,351$921$612$399$255$82
35 years$1,298$873$572$367$231$71
36 years$1,248$829$535$338$210$62
37 years$1,201$787$501$311$190$54
38 years$1,157$748$469$287$172$47
39 years$1,115$712$440$265$156$41
40 years$1,075$677$412$244$142$36
41 years$1,037$644$386$225$128$31
42 years$1,001$614$362$208$117$27
43 years$966$585$340$192$106$23
44 years$934$557$319$177$96$20
45 years$903$532$300$164$87$18
46 years$873$507$282$151$79$15
47 years$845$484$264$140$72$13
48 years$818$462$249$129$65$12
49 years$792$441$234$119$59$10
50 years$767$421$220$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $786,000, adding $2,097 every year, while hoping to spend $46,759 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: 75/15/10 Blend
55$786,000$786,000$786,000$786,000
56$868,335$826,677$814,494$931,746
57$907,154$817,433$792,028$964,580
58$948,365$806,169$767,243$994,444
59$992,164$792,736$740,011$1,025,856
60$1,038,762$776,978$710,199$1,058,955
61$1,088,393$758,728$677,668$1,093,891
62$1,141,313$737,809$642,273$1,130,834
63$1,197,801$714,035$603,863$1,169,970
64$1,258,162$687,208$562,278$1,211,505
65$1,322,733$657,120$517,353$1,255,665
66$1,391,882$623,549$468,915$1,302,703
67$1,466,012$586,262$416,782$1,352,898
68$1,545,567$545,010$360,765$1,406,556
69$1,631,032$499,532$300,668$1,464,018
70$1,722,941$449,553$236,284$1,525,660
71$1,821,879$394,779$167,397$1,591,899
72$1,928,489$334,902$93,784$1,663,193
73$2,043,478$269,595$15,209$1,740,053
74$2,167,622$198,514$0$1,823,039
75$2,301,773$121,295$0$1,920,097
76$2,446,869$37,554$0$2,026,798
77$2,603,940$0$0$2,142,304
78$2,774,118$0$0$2,276,252
79$2,958,648$0$0$2,428,245
80$3,158,899$0$0$2,593,215
81$3,376,379$0$0$2,772,407
82$3,612,742$0$0$2,967,188
83$3,869,811$0$0$3,179,066
84$4,149,591$0$0$3,409,695
85$4,454,288$0$0$3,660,899
86$4,786,330$0$0$3,934,683
87$5,148,388$0$0$4,233,256
88$5,543,401$0$0$4,559,045
89$5,974,608$0$0$4,914,726
90$6,445,569$0$0$5,303,242
91$6,960,208$0$0$5,727,834
92$7,522,841$0$0$6,192,070
93$8,138,222$0$0$6,699,878
94$8,811,586$0$0$7,255,582
95$9,548,696$0$0$7,863,947
96$10,355,898$0$0$8,530,216
97$11,240,182$0$0$9,260,166
98$12,209,245$0$0$10,060,156
99$13,271,562$0$0$10,937,191
100$14,436,471$0$0$11,898,988