Can I retire at age 56 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,751$63,183$62,629$62,088$61,560$61,147
2 years$31,560$30,972$30,403$29,850$29,314$28,897
3 years$20,831$20,241$19,672$19,125$18,598$18,191
4 years$15,468$14,879$14,316$13,779$13,264$12,869
5 years$12,250$11,665$11,110$10,583$10,083$9,702
6 years$10,106$9,526$8,979$8,464$7,979$7,611
7 years$8,575$8,000$7,461$6,958$6,489$6,136
8 years$7,428$6,857$6,328$5,837$5,383$5,044
9 years$6,535$5,970$5,450$4,972$4,533$4,209
10 years$5,822$5,263$4,752$4,286$3,863$3,552
11 years$5,239$4,685$4,183$3,730$3,322$3,026
12 years$4,753$4,205$3,712$3,272$2,879$2,596
13 years$4,343$3,800$3,317$2,888$2,510$2,241
14 years$3,991$3,454$2,980$2,564$2,201$1,944
15 years$3,686$3,155$2,691$2,287$1,938$1,694
16 years$3,420$2,895$2,440$2,047$1,712$1,481
17 years$3,186$2,666$2,220$1,840$1,518$1,299
18 years$2,977$2,464$2,026$1,658$1,350$1,142
19 years$2,791$2,283$1,855$1,498$1,203$1,007
20 years$2,624$2,122$1,703$1,357$1,075$889
21 years$2,473$1,976$1,566$1,231$962$786
22 years$2,335$1,845$1,443$1,120$862$696
23 years$2,210$1,725$1,333$1,020$774$618
24 years$2,096$1,617$1,232$930$696$549
25 years$1,990$1,517$1,142$849$626$488
26 years$1,893$1,426$1,059$777$564$434
27 years$1,804$1,342$983$711$508$386
28 years$1,721$1,264$914$651$459$344
29 years$1,643$1,193$850$597$414$307
30 years$1,571$1,127$792$548$374$274
31 years$1,504$1,065$739$503$338$244
32 years$1,441$1,008$689$463$306$218
33 years$1,383$954$643$425$277$195
34 years$1,327$904$601$391$251$174
35 years$1,275$858$562$360$227$156
36 years$1,226$814$526$332$206$139
37 years$1,180$773$492$306$187$124
38 years$1,136$735$461$282$169$111
39 years$1,095$699$432$260$153$100
40 years$1,055$665$405$240$139$89
41 years$1,018$633$379$221$126$80
42 years$983$603$356$204$115$71
43 years$949$574$334$188$104$64
44 years$917$547$314$174$94$57
45 years$887$522$294$161$86$51
46 years$858$498$276$148$78$46
47 years$830$475$260$137$71$41
48 years$803$454$244$127$64$37
49 years$778$433$229$117$58$33
50 years$754$414$216$108$53$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $772,000, adding $5,429 every year, while hoping to spend $29,696 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: 49/40/11 Blend
55$772,000$772,000$772,000$772,000
56$856,344$815,428$803,462$895,494
57$912,095$823,788$798,782$931,299
58$972,537$831,562$792,949$966,608
59$1,038,117$838,690$785,895$1,004,284
60$1,109,328$845,109$777,545$1,044,558
61$1,186,710$850,749$767,823$1,087,685
62$1,270,858$855,540$756,649$1,133,945
63$1,362,427$859,403$743,938$1,183,652
64$1,462,137$862,256$729,603$1,237,149
65$1,570,782$864,013$713,551$1,294,817
66$1,689,232$864,580$695,685$1,357,078
67$1,818,448$863,859$675,905$1,424,398
68$1,959,487$861,746$654,106$1,497,291
69$2,113,513$858,129$630,176$1,576,326
70$2,281,805$852,891$604,000$1,662,132
71$2,465,773$845,906$575,458$1,755,405
72$2,666,969$837,043$544,424$1,856,912
73$2,887,103$826,161$510,765$1,967,504
74$3,128,055$813,111$474,343$2,088,116
75$3,391,899$797,735$435,016$2,219,787
76$3,680,915$779,867$392,631$2,363,662
77$3,997,616$759,328$347,032$2,521,004
78$4,344,771$735,933$298,056$2,693,211
79$4,725,426$709,482$245,529$2,881,827
80$5,142,939$679,766$189,274$3,088,556
81$5,601,007$646,563$129,103$3,315,280
82$6,103,703$609,638$64,821$3,564,077
83$6,655,512$568,742$0$3,837,243
84$7,261,377$523,614$0$4,137,756
85$7,926,741$473,974$0$4,476,118
86$8,657,601$419,531$0$4,847,827
87$9,460,561$359,973$0$5,256,320
88$10,342,900$294,973$0$5,705,389
89$11,312,634$224,185$0$6,199,218
90$12,378,596$147,243$0$6,742,423
91$13,550,516$63,762$0$7,340,096
92$14,839,115$0$0$7,997,854
93$16,256,205$0$0$8,733,633
94$17,814,797$0$0$9,573,844
95$19,529,231$0$0$10,498,161
96$21,415,303$0$0$11,515,115
97$23,490,418$0$0$12,634,100
98$25,773,753$0$0$13,865,473
99$28,286,439$0$0$15,220,640
100$31,051,757$0$0$16,712,172