Can I retire at age 56 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$60,696$60,155$59,627$59,113$58,610$57,926
2 years$30,047$29,488$28,945$28,420$27,909$27,221
3 years$19,833$19,271$18,730$18,209$17,707$17,035
4 years$14,726$14,166$13,630$13,118$12,629$11,979
5 years$11,663$11,106$10,578$10,076$9,600$8,974
6 years$9,622$9,069$8,548$8,058$7,596$6,995
7 years$8,164$7,616$7,104$6,625$6,178$5,602
8 years$7,072$6,528$6,025$5,557$5,125$4,574
9 years$6,222$5,684$5,189$4,734$4,316$3,790
10 years$5,543$5,010$4,524$4,081$3,678$3,175
11 years$4,988$4,460$3,983$3,551$3,163$2,685
12 years$4,525$4,003$3,535$3,115$2,741$2,286
13 years$4,134$3,618$3,158$2,750$2,390$1,958
14 years$3,800$3,289$2,837$2,441$2,095$1,685
15 years$3,510$3,004$2,562$2,177$1,845$1,457
16 years$3,256$2,756$2,323$1,949$1,630$1,263
17 years$3,033$2,538$2,113$1,751$1,446$1,099
18 years$2,835$2,346$1,929$1,578$1,285$958
19 years$2,657$2,174$1,766$1,426$1,146$837
20 years$2,498$2,020$1,621$1,292$1,023$733
21 years$2,354$1,882$1,491$1,172$916$642
22 years$2,223$1,756$1,374$1,066$821$564
23 years$2,104$1,643$1,269$971$737$496
24 years$1,995$1,539$1,173$885$662$436
25 years$1,895$1,444$1,087$809$596$384
26 years$1,803$1,358$1,008$739$537$338
27 years$1,717$1,278$936$677$484$298
28 years$1,638$1,204$870$620$437$263
29 years$1,565$1,136$810$569$394$233
30 years$1,496$1,073$754$522$356$205
31 years$1,432$1,014$703$479$322$182
32 years$1,372$959$656$440$291$161
33 years$1,316$909$613$405$264$142
34 years$1,264$861$572$373$239$126
35 years$1,214$817$535$343$216$111
36 years$1,167$775$501$316$196$98
37 years$1,123$736$469$291$178$87
38 years$1,082$700$439$268$161$77
39 years$1,042$665$411$247$146$68
40 years$1,005$633$385$228$132$60
41 years$969$603$361$211$120$54
42 years$936$574$339$194$109$47
43 years$904$547$318$179$99$42
44 years$873$521$298$166$90$37
45 years$844$497$280$153$82$33
46 years$817$474$263$141$74$29
47 years$790$452$247$131$67$26
48 years$765$432$232$121$61$23
49 years$741$412$218$111$55$20
50 years$718$394$205$103$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $735,000, adding $4,947 every year, while hoping to spend $25,244 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: 38/40/22 Blend
55$735,000$735,000$735,000$735,000
56$815,073$776,118$764,725$840,519
57$871,351$787,288$763,484$870,592
58$932,523$798,160$761,355$900,342
59$999,062$808,691$758,283$931,983
60$1,071,488$818,839$754,207$965,703
61$1,150,373$828,555$749,066$1,001,706
62$1,236,346$837,789$742,794$1,040,220
63$1,330,101$846,488$735,325$1,081,497
64$1,432,399$854,594$726,587$1,125,817
65$1,544,081$862,046$716,504$1,173,488
66$1,666,069$868,779$705,000$1,224,853
67$1,799,383$874,723$691,991$1,280,289
68$1,945,140$879,805$677,393$1,340,215
69$2,104,574$883,946$661,116$1,405,095
70$2,279,044$887,062$643,066$1,475,440
71$2,470,043$889,064$623,146$1,551,816
72$2,679,217$889,859$601,251$1,634,852
73$2,908,381$889,345$577,276$1,725,238
74$3,159,529$887,416$551,109$1,823,741
75$3,434,861$883,960$522,631$1,931,208
76$3,736,798$878,855$491,720$2,048,574
77$4,068,008$871,976$458,249$2,176,875
78$4,431,428$863,185$422,084$2,317,253
79$4,830,294$852,342$383,084$2,470,971
80$5,268,170$839,293$341,103$2,639,426
81$5,748,983$823,878$295,990$2,824,159
82$6,277,058$805,926$247,584$3,026,874
83$6,857,159$785,258$195,720$3,249,453
84$7,494,536$761,683$140,223$3,493,975
85$8,194,971$734,997$80,912$3,762,735
86$8,964,833$704,987$17,598$4,058,267
87$9,811,142$671,428$0$4,383,372
88$10,741,629$634,078$0$4,752,869
89$11,764,813$592,686$0$5,163,611
90$12,890,079$546,982$0$5,615,282
91$14,127,768$496,685$0$6,112,091
92$15,489,272$441,495$0$6,658,684
93$16,987,145$381,095$0$7,260,184
94$18,635,217$315,151$0$7,922,243
95$20,448,726$243,311$0$8,651,094
96$22,444,465$165,202$0$9,453,610
97$24,640,932$80,429$0$10,337,373
98$27,058,514$0$0$11,310,746
99$29,719,671$0$0$12,387,977
100$32,649,154$0$0$13,612,918