Can I retire at age 56 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$62,760$62,201$61,656$61,123$60,603$58,805
2 years$31,069$30,491$29,930$29,386$28,859$27,062
3 years$20,507$19,926$19,367$18,828$18,309$16,570
4 years$15,227$14,648$14,094$13,565$13,058$11,390
5 years$12,060$11,484$10,937$10,419$9,927$8,334
6 years$9,949$9,378$8,839$8,332$7,855$6,339
7 years$8,442$7,875$7,345$6,850$6,388$4,949
8 years$7,312$6,751$6,229$5,746$5,299$3,937
9 years$6,434$5,878$5,365$4,895$4,463$3,175
10 years$5,732$5,181$4,678$4,219$3,803$2,588
11 years$5,157$4,612$4,118$3,672$3,270$2,126
12 years$4,679$4,140$3,655$3,221$2,834$1,758
13 years$4,275$3,741$3,265$2,844$2,471$1,462
14 years$3,929$3,400$2,934$2,524$2,166$1,220
15 years$3,629$3,106$2,649$2,251$1,907$1,022
16 years$3,367$2,850$2,402$2,016$1,686$859
17 years$3,136$2,625$2,185$1,811$1,495$723
18 years$2,931$2,425$1,995$1,632$1,329$610
19 years$2,748$2,248$1,826$1,475$1,185$516
20 years$2,583$2,089$1,676$1,336$1,058$436
21 years$2,434$1,946$1,542$1,212$947$370
22 years$2,299$1,816$1,421$1,102$849$313
23 years$2,176$1,699$1,312$1,004$762$266
24 years$2,063$1,592$1,213$916$685$226
25 years$1,959$1,494$1,124$836$616$192
26 years$1,864$1,404$1,042$764$555$163
27 years$1,776$1,321$968$700$500$139
28 years$1,694$1,245$900$641$452$118
29 years$1,618$1,174$837$588$408$100
30 years$1,547$1,109$780$540$368$86
31 years$1,481$1,048$727$496$333$73
32 years$1,419$992$678$455$301$62
33 years$1,361$939$633$419$273$53
34 years$1,307$890$592$385$247$45
35 years$1,255$845$553$355$224$38
36 years$1,207$802$518$327$203$33
37 years$1,161$761$484$301$184$28
38 years$1,118$724$454$277$166$24
39 years$1,078$688$425$256$151$20
40 years$1,039$655$398$236$137$17
41 years$1,002$623$374$218$124$15
42 years$968$593$350$201$113$13
43 years$934$565$329$185$102$11
44 years$903$539$309$171$93$9
45 years$873$514$290$158$84$8
46 years$844$490$272$146$77$7
47 years$817$468$256$135$70$6
48 years$791$447$240$125$63$5
49 years$766$427$226$115$57$4
50 years$742$407$212$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $760,000, adding $4,308 every year, while hoping to spend $28,667 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: 73/21/6 Blend
55$760,000$760,000$760,000$760,000
56$841,964$801,684$789,904$902,525
57$897,343$810,465$785,864$951,791
58$957,409$818,715$780,728$1,001,695
59$1,022,612$826,379$774,429$1,055,531
60$1,093,442$833,396$766,897$1,113,679
61$1,170,443$839,702$758,058$1,176,556
62$1,254,211$845,230$747,835$1,244,622
63$1,345,401$849,906$736,148$1,318,383
64$1,444,734$853,655$722,912$1,398,398
65$1,553,007$856,393$708,039$1,485,284
66$1,671,091$858,034$691,436$1,579,717
67$1,799,950$858,486$673,006$1,682,445
68$1,940,643$857,649$652,650$1,794,294
69$2,094,334$855,420$630,260$1,916,170
70$2,262,308$851,687$605,725$2,049,076
71$2,445,978$846,334$578,931$2,194,115
72$2,646,899$839,236$549,757$2,352,504
73$2,866,784$830,259$518,075$2,525,583
74$3,107,518$819,265$483,753$2,714,831
75$3,371,180$806,104$446,654$2,921,878
76$3,660,057$790,619$406,633$3,148,521
77$3,976,667$772,644$363,539$3,396,739
78$4,323,784$752,001$317,215$3,668,716
79$4,704,465$728,503$267,496$3,966,859
80$5,122,074$701,954$214,211$4,293,821
81$5,580,319$672,142$157,180$4,652,527
82$6,083,282$638,848$96,216$5,046,201
83$6,635,461$601,836$31,124$5,478,398
84$7,241,810$560,858$0$5,953,036
85$7,907,787$515,653$0$6,476,890
86$8,639,404$465,943$0$7,054,553
87$9,443,285$411,435$0$7,689,294
88$10,326,725$351,820$0$8,386,914
89$11,297,763$286,771$0$9,153,808
90$12,365,254$215,943$0$9,997,023
91$13,538,957$138,971$0$10,924,330
92$14,829,619$55,469$0$11,944,289
93$16,249,083$0$0$13,066,340
94$17,810,399$0$0$14,308,964
95$19,527,942$0$0$15,690,066
96$21,417,552$0$0$17,209,572
97$23,496,681$0$0$18,881,519
98$25,784,560$0$0$20,721,376
99$28,302,376$0$0$22,746,188
100$31,073,475$0$0$24,974,735