Can I retire at age 56 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$62,099$61,546$61,007$60,480$59,966$59,364
2 years$30,742$30,170$29,615$29,077$28,555$27,949
3 years$20,291$19,716$19,163$18,630$18,116$17,525
4 years$15,067$14,494$13,946$13,422$12,921$12,348
5 years$11,933$11,363$10,822$10,309$9,822$9,271
6 years$9,844$9,279$8,746$8,244$7,772$7,242
7 years$8,353$7,792$7,268$6,778$6,321$5,812
8 years$7,235$6,679$6,164$5,686$5,244$4,756
9 years$6,366$5,816$5,309$4,843$4,416$3,950
10 years$5,671$5,126$4,628$4,175$3,763$3,318
11 years$5,103$4,564$4,075$3,633$3,236$2,812
12 years$4,630$4,096$3,616$3,187$2,804$2,401
13 years$4,230$3,702$3,231$2,814$2,445$2,062
14 years$3,888$3,365$2,903$2,498$2,144$1,779
15 years$3,591$3,074$2,621$2,227$1,887$1,542
16 years$3,332$2,820$2,376$1,994$1,668$1,341
17 years$3,103$2,597$2,162$1,792$1,479$1,169
18 years$2,900$2,400$1,974$1,615$1,315$1,022
19 years$2,719$2,224$1,807$1,459$1,172$896
20 years$2,556$2,067$1,658$1,322$1,047$787
21 years$2,409$1,925$1,525$1,199$937$692
22 years$2,275$1,797$1,406$1,091$840$609
23 years$2,153$1,681$1,298$993$754$537
24 years$2,041$1,575$1,201$906$678$474
25 years$1,939$1,478$1,112$827$610$419
26 years$1,844$1,389$1,031$756$549$370
27 years$1,757$1,307$958$692$495$327
28 years$1,676$1,232$890$634$447$290
29 years$1,601$1,162$828$582$403$257
30 years$1,531$1,097$772$534$365$228
31 years$1,465$1,037$719$490$330$202
32 years$1,404$982$671$451$298$179
33 years$1,347$930$627$414$270$159
34 years$1,293$881$586$381$244$141
35 years$1,242$836$547$351$221$125
36 years$1,194$793$512$323$200$111
37 years$1,149$753$479$298$182$99
38 years$1,107$716$449$275$165$88
39 years$1,066$681$421$253$149$78
40 years$1,028$648$394$233$135$69
41 years$992$617$370$215$123$62
42 years$957$587$347$199$112$55
43 years$925$559$325$184$101$49
44 years$893$533$305$169$92$43
45 years$864$509$287$156$83$38
46 years$835$485$269$145$76$34
47 years$808$463$253$134$69$30
48 years$783$442$238$123$62$27
49 years$758$422$224$114$57$24
50 years$734$403$210$105$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $752,000, adding $2,927 every year, while hoping to spend $27,044 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: 45/25/30 Blend
55$752,000$752,000$752,000$752,000
56$831,723$791,867$780,211$861,817
57$887,784$801,894$777,574$893,598
58$948,657$811,506$773,941$925,241
59$1,014,804$820,654$769,252$959,053
60$1,086,734$829,285$763,442$995,251
61$1,165,006$837,345$756,442$1,034,077
62$1,250,235$844,774$748,182$1,075,799
63$1,343,100$851,508$738,586$1,120,713
64$1,444,344$857,481$727,577$1,169,148
65$1,554,790$862,619$715,074$1,221,466
66$1,675,339$866,848$700,989$1,278,068
67$1,806,986$870,087$685,235$1,339,398
68$1,950,825$872,247$667,717$1,405,947
69$2,108,061$873,239$648,337$1,478,258
70$2,280,019$872,964$626,992$1,556,932
71$2,468,161$871,319$603,577$1,642,633
72$2,674,095$868,195$577,977$1,736,094
73$2,899,590$863,474$550,077$1,838,127
74$3,146,596$857,033$519,753$1,949,628
75$3,417,262$848,740$486,878$2,071,589
76$3,713,952$838,458$451,317$2,205,103
77$4,039,270$826,037$412,932$2,351,381
78$4,396,085$811,322$371,574$2,511,759
79$4,787,557$794,148$327,093$2,687,713
80$5,217,166$774,340$279,329$2,880,874
81$5,688,745$751,710$228,114$3,093,043
82$6,206,517$726,064$173,276$3,326,208
83$6,775,134$697,193$114,633$3,582,565
84$7,399,719$664,878$51,995$3,864,540
85$8,085,919$628,885$0$4,174,809
86$8,839,950$588,968$0$4,521,082
87$9,668,665$544,867$0$4,919,937
88$10,579,610$496,307$0$5,358,384
89$11,581,101$442,997$0$5,840,469
90$12,682,299$384,629$0$6,370,655
91$13,893,297$320,879$0$6,953,860
92$15,225,215$251,404$0$7,595,509
93$16,690,304$175,840$0$8,301,581
94$18,302,064$93,805$0$9,078,670
95$20,075,369$4,896$0$9,934,045
96$22,026,605$0$0$10,875,719
97$24,173,829$0$0$11,937,649
98$26,536,935$0$0$13,107,934
99$29,137,846$0$0$14,396,096
100$32,000,716$0$0$15,814,112