Can I retire at age 56 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$63,503$62,938$62,386$61,847$61,321$59,549
2 years$31,437$30,852$30,284$29,734$29,201$27,429
3 years$20,750$20,162$19,596$19,051$18,526$16,811
4 years$15,407$14,821$14,261$13,725$13,213$11,568
5 years$12,203$11,620$11,067$10,542$10,044$8,473
6 years$10,067$9,489$8,944$8,431$7,948$6,452
7 years$8,542$7,969$7,432$6,931$6,464$5,043
8 years$7,399$6,830$6,303$5,815$5,362$4,016
9 years$6,510$5,947$5,429$4,953$4,516$3,243
10 years$5,800$5,242$4,733$4,269$3,848$2,646
11 years$5,219$4,667$4,167$3,716$3,309$2,177
12 years$4,735$4,189$3,698$3,259$2,868$1,803
13 years$4,326$3,785$3,304$2,877$2,501$1,501
14 years$3,975$3,441$2,969$2,554$2,192$1,255
15 years$3,672$3,143$2,680$2,278$1,930$1,053
16 years$3,407$2,884$2,430$2,040$1,706$885
17 years$3,173$2,656$2,211$1,832$1,512$747
18 years$2,966$2,454$2,019$1,651$1,345$631
19 years$2,780$2,274$1,848$1,492$1,199$534
20 years$2,614$2,114$1,696$1,351$1,071$452
21 years$2,463$1,969$1,560$1,227$958$384
22 years$2,326$1,838$1,438$1,115$859$326
23 years$2,202$1,719$1,327$1,016$771$277
24 years$2,087$1,610$1,228$926$693$236
25 years$1,983$1,511$1,137$846$624$201
26 years$1,886$1,420$1,055$774$562$171
27 years$1,797$1,337$979$708$506$146
28 years$1,714$1,260$910$649$457$124
29 years$1,637$1,188$847$595$413$106
30 years$1,565$1,122$789$546$373$90
31 years$1,498$1,061$736$501$337$77
32 years$1,436$1,004$686$461$305$66
33 years$1,377$951$641$424$276$56
34 years$1,322$901$599$390$250$48
35 years$1,270$855$560$359$226$41
36 years$1,221$811$524$331$205$35
37 years$1,175$770$490$305$186$30
38 years$1,132$732$459$281$168$25
39 years$1,090$696$430$259$153$22
40 years$1,051$662$403$239$139$18
41 years$1,014$630$378$220$126$16
42 years$979$600$355$203$114$13
43 years$946$572$333$188$104$11
44 years$914$545$312$173$94$10
45 years$883$520$293$160$85$8
46 years$854$496$275$148$77$7
47 years$827$473$259$137$70$6
48 years$800$452$243$126$64$5
49 years$775$432$229$117$58$4
50 years$751$412$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $769,000, adding $4,518 every year, while hoping to spend $39,959 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: 44/28/28 Blend
55$769,000$769,000$769,000$769,000
56$852,098$811,341$799,422$882,492
57$896,496$808,581$783,686$901,863
58$944,084$804,346$766,085$918,691
59$995,143$798,522$746,512$936,168
60$1,049,986$790,988$724,858$954,378
61$1,108,953$781,615$701,009$973,415
62$1,172,419$770,266$674,845$993,387
63$1,240,794$756,798$646,241$1,014,413
64$1,314,530$741,056$615,065$1,036,631
65$1,394,123$722,879$581,181$1,060,193
66$1,480,119$702,095$544,446$1,085,272
67$1,573,115$678,522$504,709$1,112,062
68$1,673,771$651,968$461,815$1,140,780
69$1,782,810$622,229$415,600$1,171,670
70$1,901,028$589,089$365,894$1,205,006
71$2,029,300$552,322$312,518$1,241,093
72$2,168,588$511,685$255,287$1,280,274
73$2,319,951$466,924$194,006$1,322,932
74$2,484,554$417,771$128,473$1,369,492
75$2,663,676$363,940$58,475$1,420,432
76$2,858,729$305,131$0$1,476,283
77$3,071,263$241,026$0$1,542,485
78$3,302,985$171,289$0$1,633,808
79$3,555,774$95,567$0$1,733,570
80$3,831,697$13,484$0$1,842,664
81$4,133,032$0$0$1,962,077
82$4,462,284$0$0$2,116,118
83$4,822,211$0$0$2,289,141
84$5,215,852$0$0$2,478,465
85$5,646,550$0$0$2,685,707
86$6,117,987$0$0$2,912,654
87$6,634,219$0$0$3,161,269
88$7,199,711$0$0$3,433,715
89$7,819,380$0$0$3,732,376
90$8,498,642$0$0$4,059,875
91$9,243,462$0$0$4,419,104
92$10,060,410$0$0$4,813,245
93$10,956,721$0$0$5,245,806
94$11,940,365$0$0$5,720,648
95$13,020,121$0$0$6,242,027
96$14,205,661$0$0$6,814,630
97$15,507,637$0$0$7,443,619
98$16,937,784$0$0$8,134,684
99$18,509,029$0$0$8,894,089
100$20,235,614$0$0$9,728,737