Can I retire at age 56 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$60,778$60,237$59,709$59,193$58,690$57,932
2 years$30,088$29,528$28,985$28,458$27,947$27,185
3 years$19,860$19,297$18,755$18,233$17,731$16,988
4 years$14,746$14,185$13,649$13,136$12,646$11,928
5 years$11,679$11,121$10,592$10,090$9,613$8,922
6 years$9,635$9,081$8,560$8,069$7,607$6,943
7 years$8,175$7,627$7,113$6,634$6,186$5,551
8 years$7,081$6,537$6,033$5,565$5,132$4,525
9 years$6,231$5,692$5,196$4,740$4,322$3,742
10 years$5,551$5,017$4,530$4,086$3,683$3,130
11 years$4,995$4,467$3,988$3,556$3,167$2,641
12 years$4,532$4,009$3,539$3,119$2,745$2,245
13 years$4,140$3,623$3,162$2,754$2,393$1,919
14 years$3,805$3,293$2,841$2,444$2,098$1,648
15 years$3,515$3,008$2,565$2,180$1,847$1,422
16 years$3,261$2,760$2,326$1,952$1,633$1,230
17 years$3,037$2,542$2,116$1,754$1,448$1,068
18 years$2,838$2,349$1,932$1,581$1,287$929
19 years$2,661$2,177$1,769$1,428$1,147$810
20 years$2,501$2,023$1,623$1,293$1,025$707
21 years$2,357$1,884$1,493$1,174$917$619
22 years$2,226$1,759$1,376$1,067$822$542
23 years$2,107$1,645$1,271$972$738$475
24 years$1,998$1,541$1,175$887$663$417
25 years$1,898$1,446$1,088$810$597$367
26 years$1,805$1,359$1,009$740$538$322
27 years$1,720$1,279$937$678$485$284
28 years$1,640$1,206$871$621$437$250
29 years$1,567$1,137$811$569$395$220
30 years$1,498$1,074$755$523$357$194
31 years$1,434$1,015$704$480$323$171
32 years$1,374$961$657$441$292$151
33 years$1,318$910$613$406$264$133
34 years$1,265$862$573$373$239$117
35 years$1,216$818$536$344$217$103
36 years$1,169$776$501$316$196$91
37 years$1,125$737$469$291$178$81
38 years$1,083$701$439$269$161$71
39 years$1,044$666$412$248$146$63
40 years$1,006$634$386$228$133$56
41 years$971$603$362$211$120$49
42 years$937$575$339$195$109$43
43 years$905$548$318$180$99$38
44 years$874$522$299$166$90$34
45 years$845$498$281$153$82$30
46 years$818$475$264$141$74$26
47 years$791$453$248$131$67$23
48 years$766$433$233$121$61$21
49 years$742$413$219$112$56$18
50 years$719$395$206$103$50$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $736,000, adding $4,882 every year, while hoping to spend $34,258 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: 55/36/9 Blend
55$736,000$736,000$736,000$736,000
56$816,108$777,100$765,692$858,941
57$862,901$778,727$754,892$890,097
58$913,318$779,287$742,583$919,809
59$967,694$778,689$728,676$951,338
60$1,026,394$776,840$713,083$984,861
61$1,089,822$773,641$695,706$1,020,577
62$1,158,419$768,985$676,448$1,058,704
63$1,232,672$762,760$655,204$1,099,485
64$1,313,117$754,847$631,865$1,143,190
65$1,400,340$745,120$606,318$1,190,115
66$1,494,988$733,444$578,443$1,240,593
67$1,597,773$719,679$548,117$1,294,988
68$1,709,476$703,673$515,209$1,353,706
69$1,830,958$685,268$479,583$1,417,196
70$1,963,165$664,296$441,099$1,485,955
71$2,107,138$640,577$399,607$1,560,532
72$2,264,025$613,924$354,952$1,641,539
73$2,435,086$584,136$306,973$1,729,647
74$2,621,709$551,003$255,501$1,825,604
75$2,825,422$514,301$200,359$1,930,235
76$3,047,907$473,794$141,363$2,044,453
77$3,291,016$429,233$78,321$2,169,268
78$3,556,788$380,353$11,033$2,305,798
79$3,847,465$326,876$0$2,455,278
80$4,165,520$268,506$0$2,624,911
81$4,513,674$204,934$0$2,811,881
82$4,894,922$135,829$0$3,016,820
83$5,312,565$60,845$0$3,241,596
84$5,770,235$0$0$3,488,272
85$6,271,936$0$0$3,767,204
86$6,822,073$0$0$4,099,565
87$7,425,502$0$0$4,464,192
88$8,087,569$0$0$4,864,324
89$8,814,165$0$0$5,303,530
90$9,611,775$0$0$5,785,742
91$10,487,547$0$0$6,315,288
92$11,449,351$0$0$6,896,940
93$12,505,860$0$0$7,535,951
94$13,666,626$0$0$8,238,110
95$14,942,173$0$0$9,009,794
96$16,344,094$0$0$9,858,029
97$17,885,163$0$0$10,790,554
98$19,579,451$0$0$11,815,899
99$21,442,461$0$0$12,943,456
100$23,491,275$0$0$14,183,578