Can I retire at age 56 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$61,934$61,383$60,844$60,319$59,806$58,337
2 years$30,661$30,090$29,536$29,000$28,479$27,008
3 years$20,237$19,664$19,112$18,580$18,068$16,641
4 years$15,027$14,455$13,909$13,386$12,886$11,514
5 years$11,901$11,333$10,794$10,282$9,796$8,483
6 years$9,818$9,254$8,723$8,222$7,751$6,498
7 years$8,331$7,772$7,249$6,760$6,304$5,111
8 years$7,216$6,662$6,147$5,671$5,230$4,097
9 years$6,349$5,800$5,295$4,830$4,404$3,330
10 years$5,656$5,113$4,616$4,164$3,753$2,736
11 years$5,090$4,551$4,064$3,624$3,227$2,267
12 years$4,618$4,085$3,607$3,179$2,797$1,891
13 years$4,219$3,692$3,222$2,806$2,439$1,586
14 years$3,877$3,356$2,895$2,491$2,138$1,336
15 years$3,581$3,066$2,614$2,222$1,882$1,129
16 years$3,323$2,813$2,370$1,989$1,664$958
17 years$3,095$2,590$2,157$1,787$1,475$814
18 years$2,892$2,394$1,969$1,611$1,312$693
19 years$2,712$2,218$1,802$1,455$1,169$592
20 years$2,549$2,061$1,654$1,318$1,044$506
21 years$2,402$1,920$1,521$1,196$934$433
22 years$2,269$1,792$1,402$1,088$838$371
23 years$2,147$1,676$1,295$991$752$318
24 years$2,036$1,571$1,197$903$676$273
25 years$1,934$1,474$1,109$825$608$234
26 years$1,839$1,385$1,029$754$548$201
27 years$1,752$1,304$955$691$494$173
28 years$1,672$1,228$888$633$446$149
29 years$1,597$1,159$826$580$402$128
30 years$1,527$1,094$770$532$364$110
31 years$1,461$1,035$717$489$329$95
32 years$1,400$979$669$449$297$82
33 years$1,343$927$625$413$269$70
34 years$1,289$879$584$380$244$60
35 years$1,239$833$546$350$221$52
36 years$1,191$791$511$322$200$45
37 years$1,146$751$478$297$181$39
38 years$1,104$714$448$274$164$33
39 years$1,063$679$419$252$149$29
40 years$1,025$646$393$233$135$25
41 years$989$615$369$215$123$21
42 years$955$586$346$198$111$18
43 years$922$558$324$183$101$16
44 years$891$532$305$169$92$14
45 years$861$507$286$156$83$12
46 years$833$484$269$144$76$10
47 years$806$462$252$133$69$9
48 years$780$441$237$123$62$8
49 years$756$421$223$114$57$6
50 years$732$402$210$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $750,000, adding $2,610 every year, while hoping to spend $55,341 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: 40/36/24 Blend
55$750,000$750,000$750,000$750,000
56$829,192$789,442$777,817$856,384
57$854,887$769,242$744,992$856,033
58$881,349$746,198$709,212$850,243
59$908,596$720,111$670,320$842,883
60$936,649$690,773$628,152$833,841
61$965,527$657,961$582,535$823,001
62$995,252$621,442$533,291$810,237
63$1,025,842$580,968$480,231$795,419
64$1,057,319$536,276$423,159$778,409
65$1,089,701$487,089$361,871$759,060
66$1,123,010$433,116$296,153$737,217
67$1,157,264$374,045$225,781$712,717
68$1,192,483$309,551$150,522$685,387
69$1,228,685$239,288$70,134$655,044
70$1,265,888$162,891$0$621,497
71$1,304,111$79,974$0$588,550
72$1,343,369$0$0$571,407
73$1,383,678$0$0$555,842
74$1,425,051$0$0$572,376
75$1,467,503$0$0$589,331
76$1,511,043$0$0$606,711
77$1,555,680$0$0$624,518
78$1,601,422$0$0$642,752
79$1,648,271$0$0$661,414
80$1,696,230$0$0$680,502
81$1,745,295$0$0$700,013
82$1,795,461$0$0$719,943
83$1,846,716$0$0$740,284
84$1,899,045$0$0$761,027
85$1,952,426$0$0$782,162
86$2,006,832$0$0$803,672
87$2,062,228$0$0$825,541
88$2,118,571$0$0$847,747
89$2,175,810$0$0$870,265
90$2,233,884$0$0$893,066
91$2,292,720$0$0$916,115
92$2,352,232$0$0$939,371
93$2,412,324$0$0$962,788
94$2,472,879$0$0$986,313
95$2,533,768$0$0$1,009,885
96$2,594,841$0$0$1,033,435
97$2,655,925$0$0$1,056,885
98$2,716,827$0$0$1,080,144
99$2,777,327$0$0$1,103,113
100$2,837,173$0$0$1,125,678