Can I retire at age 56 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$63,586$63,019$62,467$61,928$61,401$60,684
2 years$31,478$30,892$30,324$29,773$29,239$28,517
3 years$20,777$20,188$19,621$19,076$18,550$17,846
4 years$15,427$14,840$14,279$13,743$13,230$12,549
5 years$12,219$11,635$11,081$10,556$10,057$9,402
6 years$10,080$9,501$8,955$8,442$7,958$7,328
7 years$8,553$7,979$7,442$6,940$6,472$5,868
8 years$7,408$6,839$6,311$5,822$5,369$4,792
9 years$6,519$5,955$5,436$4,959$4,522$3,970
10 years$5,807$5,249$4,739$4,275$3,853$3,327
11 years$5,225$4,673$4,172$3,720$3,313$2,812
12 years$4,741$4,194$3,703$3,263$2,871$2,395
13 years$4,331$3,790$3,308$2,881$2,504$2,051
14 years$3,981$3,445$2,972$2,557$2,195$1,766
15 years$3,677$3,147$2,684$2,281$1,933$1,526
16 years$3,411$2,888$2,433$2,042$1,708$1,323
17 years$3,177$2,659$2,214$1,835$1,514$1,151
18 years$2,970$2,457$2,021$1,654$1,347$1,003
19 years$2,784$2,277$1,850$1,494$1,200$877
20 years$2,617$2,116$1,698$1,353$1,072$767
21 years$2,466$1,971$1,562$1,228$959$673
22 years$2,329$1,840$1,440$1,117$860$591
23 years$2,204$1,721$1,329$1,017$772$519
24 years$2,090$1,612$1,229$928$694$457
25 years$1,985$1,513$1,139$847$624$402
26 years$1,888$1,422$1,056$775$562$355
27 years$1,799$1,338$981$709$507$313
28 years$1,716$1,261$912$650$457$276
29 years$1,639$1,190$848$596$413$244
30 years$1,567$1,124$790$547$373$215
31 years$1,500$1,062$737$502$337$190
32 years$1,438$1,005$687$461$305$168
33 years$1,379$952$642$424$276$149
34 years$1,324$902$600$390$250$132
35 years$1,272$856$561$359$227$116
36 years$1,223$812$524$331$205$103
37 years$1,177$771$491$305$186$91
38 years$1,133$733$460$281$169$81
39 years$1,092$697$431$259$153$71
40 years$1,053$663$404$239$139$63
41 years$1,016$631$378$221$126$56
42 years$980$601$355$204$114$50
43 years$947$573$333$188$104$44
44 years$915$546$313$173$94$39
45 years$884$521$294$160$85$35
46 years$855$497$276$148$78$31
47 years$828$474$259$137$70$27
48 years$801$453$243$126$64$24
49 years$776$432$229$117$58$21
50 years$752$413$215$108$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $770,000, adding $4,574 every year, while hoping to spend $39,244 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: 40/42/18 Blend
55$770,000$770,000$770,000$770,000
56$853,258$812,448$800,513$882,666
57$898,535$810,503$785,575$902,121
58$947,115$807,147$768,821$919,028
59$999,293$802,270$750,149$936,498
60$1,055,395$795,754$729,453$954,600
61$1,115,775$787,476$706,619$973,418
62$1,180,824$777,303$681,531$993,043
63$1,250,973$765,095$654,067$1,013,581
64$1,326,693$750,705$624,099$1,035,150
65$1,408,502$733,976$591,492$1,057,885
66$1,496,969$714,741$556,108$1,081,939
67$1,592,722$692,826$517,799$1,107,481
68$1,696,448$668,042$476,414$1,134,707
69$1,808,904$640,194$431,792$1,163,832
70$1,930,922$609,074$383,767$1,195,100
71$2,063,417$574,460$332,164$1,228,787
72$2,207,396$536,119$276,803$1,265,199
73$2,363,967$493,806$217,492$1,304,681
74$2,534,348$447,258$154,034$1,347,618
75$2,719,879$396,202$86,222$1,394,440
76$2,922,036$340,345$13,840$1,445,631
77$3,142,442$279,379$0$1,501,728
78$3,382,883$212,981$0$1,575,510
79$3,645,327$140,807$0$1,659,098
80$3,931,938$62,494$0$1,750,624
81$4,245,098$0$0$1,850,970
82$4,587,433$0$0$1,971,440
83$4,961,829$0$0$2,134,877
84$5,371,469$0$0$2,313,799
85$5,819,852$0$0$2,509,747
86$6,310,836$0$0$2,724,420
87$6,848,668$0$0$2,959,688
88$7,438,023$0$0$3,217,611
89$8,084,053$0$0$3,500,457
90$8,792,429$0$0$3,810,725
91$9,569,399$0$0$4,151,167
92$10,421,844$0$0$4,524,813
93$11,357,345$0$0$4,935,004
94$12,384,249$0$0$5,385,417
95$13,511,754$0$0$5,880,104
96$14,749,991$0$0$6,423,529
97$16,110,118$0$0$7,020,608
98$17,604,431$0$0$7,676,758
99$19,246,473$0$0$8,397,947
100$21,051,165$0$0$9,190,749