Can I retire at age 56 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$63,338$62,774$62,224$61,686$61,162$60,878
2 years$31,356$30,772$30,206$29,657$29,125$28,839
3 years$20,696$20,110$19,545$19,001$18,478$18,198
4 years$15,367$14,783$14,224$13,689$13,179$12,907
5 years$12,171$11,590$11,038$10,515$10,018$9,756
6 years$10,041$9,464$8,921$8,409$7,927$7,674
7 years$8,520$7,948$7,413$6,913$6,447$6,204
8 years$7,380$6,813$6,287$5,799$5,348$5,115
9 years$6,493$5,932$5,415$4,940$4,504$4,280
10 years$5,784$5,229$4,721$4,258$3,838$3,623
11 years$5,205$4,655$4,156$3,706$3,300$3,095
12 years$4,722$4,178$3,688$3,251$2,860$2,664
13 years$4,314$3,775$3,295$2,870$2,494$2,307
14 years$3,965$3,432$2,961$2,547$2,186$2,008
15 years$3,663$3,135$2,673$2,272$1,925$1,755
16 years$3,398$2,876$2,424$2,034$1,701$1,540
17 years$3,165$2,649$2,206$1,828$1,508$1,355
18 years$2,958$2,448$2,013$1,647$1,341$1,196
19 years$2,773$2,269$1,843$1,488$1,196$1,058
20 years$2,607$2,108$1,692$1,348$1,068$937
21 years$2,457$1,964$1,556$1,223$956$832
22 years$2,320$1,833$1,434$1,112$857$740
23 years$2,196$1,714$1,324$1,013$769$659
24 years$2,082$1,606$1,224$924$691$587
25 years$1,977$1,507$1,134$844$622$524
26 years$1,881$1,417$1,052$772$560$468
27 years$1,792$1,333$977$706$505$418
28 years$1,709$1,256$908$647$456$374
29 years$1,633$1,185$845$593$412$335
30 years$1,561$1,119$787$545$372$300
31 years$1,495$1,058$734$500$336$269
32 years$1,432$1,001$685$460$304$241
33 years$1,374$948$639$423$275$216
34 years$1,319$899$597$389$249$194
35 years$1,267$852$558$358$226$174
36 years$1,218$809$522$330$204$156
37 years$1,172$768$489$304$185$140
38 years$1,129$730$458$280$168$126
39 years$1,088$694$429$258$152$113
40 years$1,049$661$402$238$138$102
41 years$1,012$629$377$220$125$91
42 years$977$599$354$203$114$82
43 years$943$571$332$187$103$74
44 years$911$544$311$173$94$66
45 years$881$519$292$160$85$60
46 years$852$495$275$147$77$54
47 years$825$472$258$136$70$48
48 years$798$451$243$126$64$43
49 years$773$430$228$116$58$39
50 years$749$411$214$108$53$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $767,000, adding $3,606 every year, while hoping to spend $50,977 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: 56/17/27 Blend
55$767,000$767,000$767,000$767,000
56$848,954$808,303$796,414$890,009
57$881,308$793,670$768,855$903,993
58$915,253$776,612$738,664$913,603
59$950,899$756,956$705,699$923,028
60$988,363$734,519$669,812$932,268
61$1,027,773$709,108$630,848$941,324
62$1,069,269$680,517$588,644$950,200
63$1,113,002$648,530$543,031$958,905
64$1,159,138$612,918$493,832$967,450
65$1,207,857$573,438$440,863$975,853
66$1,259,355$529,833$383,929$984,133
67$1,313,848$481,834$322,829$992,321
68$1,371,570$429,152$257,353$1,000,450
69$1,432,775$371,486$187,280$1,008,563
70$1,497,745$308,516$112,380$1,016,712
71$1,566,785$239,903$32,415$1,024,959
72$1,640,229$165,291$0$1,033,376
73$1,718,445$84,302$0$1,057,297
74$1,801,831$0$0$1,092,532
75$1,890,829$0$0$1,130,576
76$1,985,919$0$0$1,188,114
77$2,087,627$0$0$1,249,701
78$2,196,533$0$0$1,315,693
79$2,313,271$0$0$1,386,479
80$2,438,535$0$0$1,462,488
81$2,573,090$0$0$1,544,190
82$2,717,773$0$0$1,632,099
83$2,873,503$0$0$1,726,783
84$3,041,292$0$0$1,828,864
85$3,222,247$0$0$1,939,024
86$3,417,589$0$0$2,058,014
87$3,628,655$0$0$2,186,659
88$3,856,918$0$0$2,325,866
89$4,103,996$0$0$2,476,632
90$4,371,666$0$0$2,640,051
91$4,661,884$0$0$2,817,330
92$4,976,799$0$0$3,009,793
93$5,318,778$0$0$3,218,898
94$5,690,420$0$0$3,446,248
95$6,094,587$0$0$3,693,606
96$6,534,427$0$0$3,962,915
97$7,013,403$0$0$4,256,308
98$7,535,328$0$0$4,576,136
99$8,104,396$0$0$4,924,987
100$8,725,223$0$0$5,305,705