Can I retire at age 56 with 732,000?

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 $732,000?

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$60,448$59,909$59,384$58,871$58,371$56,188
2 years$29,925$29,367$28,827$28,304$27,796$25,622
3 years$19,752$19,192$18,653$18,134$17,635$15,538
4 years$14,666$14,108$13,575$13,065$12,577$10,573
5 years$11,616$11,061$10,535$10,035$9,561$7,655
6 years$9,583$9,032$8,513$8,025$7,565$5,759
7 years$8,131$7,585$7,075$6,598$6,153$4,445
8 years$7,043$6,502$6,000$5,535$5,104$3,495
9 years$6,197$5,661$5,168$4,714$4,298$2,784
10 years$5,520$4,990$4,505$4,064$3,662$2,241
11 years$4,967$4,442$3,966$3,537$3,150$1,817
12 years$4,507$3,987$3,520$3,102$2,730$1,483
13 years$4,118$3,603$3,145$2,739$2,380$1,216
14 years$3,784$3,275$2,826$2,431$2,087$1,001
15 years$3,495$2,992$2,551$2,168$1,837$827
16 years$3,243$2,745$2,313$1,941$1,624$685
17 years$3,021$2,528$2,105$1,744$1,440$568
18 years$2,823$2,336$1,921$1,572$1,280$472
19 years$2,647$2,165$1,759$1,420$1,141$393
20 years$2,488$2,012$1,614$1,286$1,019$328
21 years$2,344$1,874$1,485$1,168$912$273
22 years$2,214$1,749$1,369$1,062$817$228
23 years$2,096$1,636$1,264$967$734$191
24 years$1,987$1,533$1,169$882$660$159
25 years$1,887$1,439$1,082$805$594$133
26 years$1,795$1,352$1,004$736$535$111
27 years$1,710$1,272$932$674$482$93
28 years$1,631$1,199$867$617$435$78
29 years$1,558$1,131$806$566$393$65
30 years$1,490$1,068$751$520$355$55
31 years$1,426$1,010$700$477$321$46
32 years$1,367$955$653$439$290$38
33 years$1,311$905$610$403$263$32
34 years$1,258$858$570$371$238$27
35 years$1,209$813$533$342$215$23
36 years$1,163$772$499$315$195$19
37 years$1,119$733$467$290$177$16
38 years$1,077$697$437$267$160$13
39 years$1,038$663$409$246$145$11
40 years$1,001$630$384$227$132$9
41 years$965$600$360$210$120$8
42 years$932$572$338$194$109$7
43 years$900$545$317$179$99$5
44 years$870$519$297$165$89$5
45 years$841$495$279$152$81$4
46 years$813$472$262$141$74$3
47 years$787$451$246$130$67$3
48 years$762$430$231$120$61$2
49 years$738$411$218$111$55$2
50 years$715$392$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $732,000, adding $5,252 every year, while hoping to spend $58,471 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: 87/7/6 Blend
55$732,000$732,000$732,000$732,000
56$812,081$773,285$761,939$882,095
57$832,701$748,964$725,252$904,172
58$853,464$721,491$685,375$919,773
59$874,324$690,650$642,142$935,017
60$895,226$656,213$595,374$949,824
61$916,109$617,937$544,890$964,107
62$936,904$575,568$490,495$977,769
63$957,532$528,834$431,990$990,701
64$977,903$477,450$369,165$1,002,785
65$997,917$421,113$301,800$1,013,889
66$1,017,460$359,504$229,666$1,023,866
67$1,036,407$292,285$152,526$1,032,555
68$1,054,614$219,101$70,129$1,039,779
69$1,071,922$139,574$0$1,045,341
70$1,088,152$53,307$0$1,050,164
71$1,103,104$0$0$1,057,733
72$1,116,556$0$0$1,066,400
73$1,128,260$0$0$1,077,492
74$1,137,939$0$0$1,086,638
75$1,145,285$0$0$1,093,544
76$1,149,955$0$0$1,097,880
77$1,151,569$0$0$1,099,282
78$1,149,703$0$0$1,097,343
79$1,143,889$0$0$1,091,614
80$1,133,604$0$0$1,081,594
81$1,118,272$0$0$1,066,728
82$1,097,249$0$0$1,046,403
83$1,069,828$0$0$1,019,937
84$1,035,220$0$0$986,576
85$992,555$0$0$945,485
86$940,867$0$0$895,737
87$879,091$0$0$836,311
88$806,044$0$0$766,073
89$720,421$0$0$683,771
90$620,777$0$0$588,021
91$505,516$0$0$477,290
92$372,874$0$0$349,889
93$220,899$0$0$203,945
94$47,438$0$0$37,394
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0