Can I retire at age 56 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$62,925$62,365$61,818$61,284$60,763$60,380
2 years$31,151$30,571$30,009$29,464$28,935$28,548
3 years$20,561$19,978$19,418$18,878$18,357$17,980
4 years$15,267$14,686$14,131$13,600$13,093$12,727
5 years$12,092$11,514$10,966$10,446$9,953$9,599
6 years$9,975$9,402$8,862$8,354$7,875$7,535
7 years$8,464$7,896$7,365$6,868$6,405$6,078
8 years$7,331$6,768$6,246$5,762$5,313$4,999
9 years$6,451$5,893$5,380$4,908$4,475$4,174
10 years$5,747$5,194$4,690$4,230$3,813$3,525
11 years$5,171$4,624$4,129$3,682$3,279$3,004
12 years$4,692$4,151$3,664$3,229$2,841$2,579
13 years$4,286$3,751$3,274$2,851$2,478$2,228
14 years$3,939$3,409$2,942$2,531$2,172$1,934
15 years$3,639$3,115$2,656$2,257$1,912$1,686
16 years$3,376$2,858$2,408$2,021$1,690$1,475
17 years$3,144$2,632$2,191$1,816$1,499$1,295
18 years$2,939$2,432$2,000$1,636$1,333$1,139
19 years$2,755$2,254$1,831$1,479$1,188$1,005
20 years$2,590$2,094$1,680$1,339$1,061$888
21 years$2,441$1,951$1,546$1,215$949$786
22 years$2,305$1,821$1,425$1,105$851$697
23 years$2,181$1,703$1,315$1,006$764$618
24 years$2,068$1,596$1,217$918$687$550
25 years$1,965$1,497$1,127$838$618$489
26 years$1,869$1,407$1,045$766$557$435
27 years$1,780$1,325$970$702$502$388
28 years$1,698$1,248$902$643$453$346
29 years$1,622$1,177$839$589$409$309
30 years$1,551$1,112$782$541$369$276
31 years$1,485$1,051$729$497$334$246
32 years$1,423$995$680$457$302$220
33 years$1,365$942$635$420$273$197
34 years$1,310$893$593$386$248$176
35 years$1,259$847$555$356$224$157
36 years$1,210$804$519$328$203$141
37 years$1,165$763$486$302$184$126
38 years$1,121$725$455$278$167$113
39 years$1,080$690$426$256$151$101
40 years$1,042$656$399$237$137$90
41 years$1,005$625$375$218$125$81
42 years$970$595$351$201$113$73
43 years$937$567$330$186$103$65
44 years$905$540$309$172$93$58
45 years$875$515$291$159$85$52
46 years$847$492$273$146$77$47
47 years$819$469$256$135$70$42
48 years$793$448$241$125$63$38
49 years$768$428$226$116$57$34
50 years$744$409$213$107$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $762,000, adding $3,725 every year, while hoping to spend $34,525 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: 78/13/9 Blend
55$762,000$762,000$762,000$762,000
56$843,566$803,180$791,369$907,893
57$892,876$805,802$781,146$953,293
58$946,058$807,395$769,423$998,236
59$1,003,470$807,872$756,113$1,046,519
60$1,065,508$807,141$741,127$1,098,460
61$1,132,604$805,105$724,369$1,154,409
62$1,205,233$801,659$705,739$1,214,752
63$1,283,920$796,693$685,134$1,279,914
64$1,369,238$790,090$662,444$1,350,364
65$1,461,822$781,725$637,557$1,426,617
66$1,562,366$771,468$610,354$1,509,244
67$1,671,636$759,179$580,709$1,598,870
68$1,790,473$744,709$548,493$1,696,189
69$1,919,804$727,903$513,571$1,801,961
70$2,060,648$708,594$475,800$1,917,028
71$2,214,127$686,607$435,031$2,042,316
72$2,381,474$661,757$391,111$2,178,845
73$2,564,048$633,847$343,877$2,327,743
74$2,763,344$602,668$293,160$2,490,249
75$2,981,007$568,002$238,783$2,667,733
76$3,218,850$529,614$180,562$2,861,703
77$3,478,867$487,259$118,305$3,073,822
78$3,763,254$440,678$51,811$3,305,924
79$4,074,429$389,594$0$3,560,030
80$4,415,055$333,718$0$3,840,209
81$4,788,063$272,743$0$4,152,507
82$5,196,683$206,344$0$4,494,675
83$5,644,468$134,179$0$4,869,722
84$6,135,337$55,886$0$5,280,966
85$6,673,600$0$0$5,732,060
86$7,264,009$0$0$6,231,170
87$7,911,795$0$0$6,787,582
88$8,622,722$0$0$7,398,254
89$9,403,136$0$0$8,068,642
90$10,260,031$0$0$8,804,756
91$11,201,109$0$0$9,613,217
92$12,234,856$0$0$10,501,317
93$13,370,618$0$0$11,477,092
94$14,618,695$0$0$12,549,393
95$15,990,429$0$0$13,727,969
96$17,498,321$0$0$15,023,564
97$19,156,139$0$0$16,448,013
98$20,979,053$0$0$18,014,355
99$22,983,777$0$0$19,736,957
100$25,188,727$0$0$21,631,646