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%17%
1 years$61,934$61,383$60,844$60,319$59,806$58,101
2 years$30,661$30,090$29,536$29,000$28,479$26,775
3 years$20,237$19,664$19,112$18,580$18,068$16,418
4 years$15,027$14,455$13,909$13,386$12,886$11,303
5 years$11,901$11,333$10,794$10,282$9,796$8,283
6 years$9,818$9,254$8,723$8,222$7,751$6,311
7 years$8,331$7,772$7,249$6,760$6,304$4,936
8 years$7,216$6,662$6,147$5,671$5,230$3,933
9 years$6,349$5,800$5,295$4,830$4,404$3,178
10 years$5,656$5,113$4,616$4,164$3,753$2,595
11 years$5,090$4,551$4,064$3,624$3,227$2,136
12 years$4,618$4,085$3,607$3,179$2,797$1,770
13 years$4,219$3,692$3,222$2,806$2,439$1,475
14 years$3,877$3,356$2,895$2,491$2,138$1,234
15 years$3,581$3,066$2,614$2,222$1,882$1,035
16 years$3,323$2,813$2,370$1,989$1,664$872
17 years$3,095$2,590$2,157$1,787$1,475$736
18 years$2,892$2,394$1,969$1,611$1,312$622
19 years$2,712$2,218$1,802$1,455$1,169$527
20 years$2,549$2,061$1,654$1,318$1,044$447
21 years$2,402$1,920$1,521$1,196$934$379
22 years$2,269$1,792$1,402$1,088$838$322
23 years$2,147$1,676$1,295$991$752$274
24 years$2,036$1,571$1,197$903$676$234
25 years$1,934$1,474$1,109$825$608$199
26 years$1,839$1,385$1,029$754$548$170
27 years$1,752$1,304$955$691$494$145
28 years$1,672$1,228$888$633$446$123
29 years$1,597$1,159$826$580$402$105
30 years$1,527$1,094$770$532$364$90
31 years$1,461$1,035$717$489$329$77
32 years$1,400$979$669$449$297$65
33 years$1,343$927$625$413$269$56
34 years$1,289$879$584$380$244$48
35 years$1,239$833$546$350$221$41
36 years$1,191$791$511$322$200$35
37 years$1,146$751$478$297$181$30
38 years$1,104$714$448$274$164$25
39 years$1,063$679$419$252$149$22
40 years$1,025$646$393$233$135$19
41 years$989$615$369$215$123$16
42 years$955$586$346$198$111$14
43 years$922$558$324$183$101$12
44 years$891$532$305$169$92$10
45 years$861$507$286$156$83$8
46 years$833$484$269$144$76$7
47 years$806$462$252$133$69$6
48 years$780$441$237$123$62$5
49 years$756$421$223$114$57$5
50 years$732$402$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $750,000, adding $5,693 every year, while hoping to spend $48,733 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: 56/31/13 Blend
55$750,000$750,000$750,000$750,000
56$832,372$792,622$780,997$875,907
57$865,423$779,609$755,309$893,046
58$900,211$764,325$727,127$905,883
59$936,863$746,608$696,316$918,729
60$975,515$726,284$662,735$931,595
61$1,016,318$703,172$626,237$944,493
62$1,059,433$677,078$586,667$957,440
63$1,105,039$647,798$543,864$970,458
64$1,153,329$615,117$497,659$983,575
65$1,204,516$578,804$447,878$996,821
66$1,258,830$538,619$394,335$1,010,239
67$1,316,525$494,306$336,840$1,023,874
68$1,377,878$445,594$275,191$1,037,783
69$1,443,191$392,198$209,180$1,052,033
70$1,512,797$333,816$138,588$1,066,700
71$1,587,057$270,128$63,186$1,081,874
72$1,666,371$200,799$0$1,097,659
73$1,751,175$125,472$0$1,116,574
74$1,841,945$43,770$0$1,145,867
75$1,939,207$0$0$1,176,959
76$2,043,535$0$0$1,225,318
77$2,155,560$0$0$1,293,324
78$2,275,975$0$0$1,366,471
79$2,405,539$0$0$1,445,229
80$2,545,088$0$0$1,530,109
81$2,695,537$0$0$1,621,678
82$2,857,893$0$0$1,720,555
83$3,033,264$0$0$1,827,422
84$3,222,864$0$0$1,943,027
85$3,428,030$0$0$2,068,195
86$3,650,230$0$0$2,203,829
87$3,891,080$0$0$2,350,925
88$4,152,355$0$0$2,510,577
89$4,436,008$0$0$2,683,990
90$4,744,188$0$0$2,872,486
91$5,079,256$0$0$3,077,523
92$5,443,814$0$0$3,300,704
93$5,840,720$0$0$3,543,791
94$6,273,121$0$0$3,808,725
95$6,744,483$0$0$4,097,641
96$7,258,615$0$0$4,412,890
97$7,819,714$0$0$4,757,060
98$8,432,398$0$0$5,132,997
99$9,101,751$0$0$5,543,837
100$9,833,369$0$0$5,993,033