Can I retire at age 56 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$62,512$61,956$61,412$60,882$60,364$57,992
2 years$30,947$30,370$29,812$29,270$28,745$26,384
3 years$20,426$19,847$19,290$18,754$18,237$15,962
4 years$15,167$14,590$14,038$13,511$13,007$10,834
5 years$12,012$11,439$10,894$10,378$9,888$7,824
6 years$9,910$9,341$8,804$8,299$7,824$5,870
7 years$8,409$7,844$7,316$6,823$6,363$4,518
8 years$7,283$6,724$6,205$5,724$5,278$3,541
9 years$6,408$5,854$5,344$4,875$4,445$2,812
10 years$5,709$5,160$4,659$4,203$3,788$2,256
11 years$5,137$4,594$4,102$3,658$3,257$1,824
12 years$4,661$4,123$3,640$3,208$2,823$1,484
13 years$4,258$3,726$3,252$2,832$2,462$1,213
14 years$3,913$3,387$2,922$2,514$2,158$995
15 years$3,615$3,094$2,638$2,242$1,900$819
16 years$3,354$2,839$2,392$2,008$1,679$675
17 years$3,124$2,614$2,177$1,804$1,489$558
18 years$2,919$2,416$1,987$1,626$1,324$462
19 years$2,737$2,239$1,819$1,469$1,180$383
20 years$2,573$2,081$1,669$1,330$1,054$318
21 years$2,425$1,938$1,536$1,207$943$264
22 years$2,290$1,809$1,415$1,098$845$220
23 years$2,167$1,692$1,307$1,000$759$183
24 years$2,055$1,585$1,209$912$682$152
25 years$1,952$1,488$1,119$833$614$127
26 years$1,857$1,398$1,038$761$553$106
27 years$1,769$1,316$964$697$498$88
28 years$1,687$1,240$896$639$450$73
29 years$1,611$1,170$834$586$406$61
30 years$1,541$1,105$777$537$367$51
31 years$1,475$1,044$724$494$332$43
32 years$1,413$988$676$454$300$36
33 years$1,356$936$631$417$272$30
34 years$1,301$887$589$384$246$25
35 years$1,250$841$551$353$223$21
36 years$1,202$798$516$325$202$17
37 years$1,157$758$483$300$183$14
38 years$1,114$721$452$276$166$12
39 years$1,073$685$423$255$150$10
40 years$1,035$652$397$235$136$8
41 years$998$621$372$217$124$7
42 years$964$591$349$200$112$6
43 years$931$563$328$185$102$5
44 years$899$537$307$171$92$4
45 years$870$512$289$158$84$3
46 years$841$488$271$146$76$3
47 years$814$466$255$134$69$2
48 years$788$445$239$124$63$2
49 years$763$425$225$115$57$2
50 years$739$406$212$106$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $757,000, adding $6,170 every year, while hoping to spend $55,764 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: 65/18/17 Blend
55$757,000$757,000$757,000$757,000
56$840,578$800,457$788,724$891,309
57$866,985$780,347$755,814$905,954
58$894,216$757,383$719,932$914,970
59$922,297$731,365$680,920$923,474
60$951,253$702,084$638,613$931,414
61$981,112$669,317$592,838$938,738
62$1,011,900$632,829$543,413$945,389
63$1,043,647$592,370$490,150$951,308
64$1,076,380$547,678$432,851$956,431
65$1,110,130$498,473$371,311$960,691
66$1,144,927$444,463$305,314$964,016
67$1,180,803$385,335$234,635$966,331
68$1,217,790$320,761$159,040$967,556
69$1,255,920$250,394$78,284$967,606
70$1,295,228$173,867$0$966,392
71$1,335,749$90,794$0$965,250
72$1,377,517$765$0$977,896
73$1,420,570$0$0$990,058
74$1,464,944$0$0$1,020,821
75$1,510,678$0$0$1,052,682
76$1,557,811$0$0$1,085,516
77$1,606,382$0$0$1,119,352
78$1,656,431$0$0$1,154,216
79$1,708,002$0$0$1,190,139
80$1,761,134$0$0$1,227,149
81$1,815,872$0$0$1,265,276
82$1,872,260$0$0$1,304,550
83$1,930,340$0$0$1,345,002
84$1,990,159$0$0$1,386,662
85$2,051,761$0$0$1,429,563
86$2,115,193$0$0$1,473,735
87$2,180,500$0$0$1,519,212
88$2,247,730$0$0$1,566,024
89$2,316,929$0$0$1,614,205
90$2,388,145$0$0$1,663,786
91$2,461,423$0$0$1,714,800
92$2,536,811$0$0$1,767,278
93$2,614,355$0$0$1,821,253
94$2,694,100$0$0$1,876,755
95$2,776,091$0$0$1,933,814
96$2,860,371$0$0$1,992,462
97$2,946,984$0$0$2,052,725
98$3,035,969$0$0$2,114,632
99$3,127,365$0$0$2,178,207
100$3,221,207$0$0$2,243,476