Can I retire at age 56 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$63,999$63,429$62,873$62,330$61,800$59,583
2 years$31,683$31,093$30,521$29,966$29,428$27,219
3 years$20,912$20,319$19,749$19,200$18,671$16,538
4 years$15,528$14,937$14,372$13,832$13,316$11,277
5 years$12,298$11,711$11,153$10,624$10,123$8,182
6 years$10,145$9,563$9,014$8,496$8,010$6,169
7 years$8,609$8,031$7,490$6,985$6,514$4,773
8 years$7,456$6,884$6,352$5,860$5,404$3,761
9 years$6,561$5,994$5,471$4,991$4,551$3,003
10 years$5,845$5,283$4,770$4,303$3,878$2,423
11 years$5,259$4,703$4,199$3,745$3,335$1,971
12 years$4,772$4,221$3,727$3,284$2,890$1,613
13 years$4,359$3,815$3,330$2,900$2,520$1,326
14 years$4,006$3,468$2,992$2,574$2,209$1,095
15 years$3,701$3,168$2,701$2,296$1,945$907
16 years$3,434$2,906$2,449$2,055$1,719$753
17 years$3,198$2,677$2,229$1,847$1,524$627
18 years$2,989$2,473$2,034$1,664$1,355$522
19 years$2,802$2,292$1,862$1,504$1,208$436
20 years$2,634$2,130$1,709$1,362$1,079$365
21 years$2,482$1,984$1,572$1,236$966$305
22 years$2,344$1,852$1,449$1,124$866$255
23 years$2,219$1,732$1,338$1,024$777$214
24 years$2,104$1,623$1,237$934$698$180
25 years$1,998$1,523$1,146$853$628$151
26 years$1,901$1,431$1,063$780$566$126
27 years$1,811$1,347$987$714$510$106
28 years$1,727$1,269$917$654$460$89
29 years$1,650$1,198$854$600$416$75
30 years$1,578$1,131$795$550$376$63
31 years$1,510$1,069$741$505$340$53
32 years$1,447$1,012$692$464$307$44
33 years$1,388$958$646$427$278$37
34 years$1,332$908$603$393$252$31
35 years$1,280$861$564$362$228$26
36 years$1,231$817$528$333$207$22
37 years$1,184$776$494$307$187$19
38 years$1,140$738$463$283$170$16
39 years$1,099$702$433$261$154$13
40 years$1,060$667$406$241$140$11
41 years$1,022$635$381$222$127$9
42 years$987$605$357$205$115$8
43 years$953$577$335$189$104$7
44 years$921$550$315$175$95$6
45 years$890$524$296$161$86$5
46 years$861$500$278$149$78$4
47 years$833$477$261$138$71$3
48 years$807$455$245$127$64$3
49 years$781$435$230$118$58$2
50 years$757$415$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $775,000, adding $3,080 every year, while hoping to spend $29,866 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: 33/40/27 Blend
55$775,000$775,000$775,000$775,000
56$857,227$816,152$804,140$878,390
57$912,887$824,366$799,301$902,905
58$973,223$831,982$793,299$926,431
59$1,038,681$838,938$786,064$951,199
60$1,109,751$845,171$777,522$977,342
61$1,186,971$850,610$767,594$1,005,005
62$1,270,935$855,182$756,201$1,034,349
63$1,362,294$858,810$743,258$1,065,556
64$1,461,766$861,409$728,675$1,098,826
65$1,570,140$862,893$712,359$1,134,385
66$1,688,286$863,166$694,215$1,172,481
67$1,817,159$862,129$674,139$1,213,392
68$1,957,813$859,676$652,026$1,257,428
69$2,111,405$855,696$627,764$1,304,930
70$2,279,211$850,068$601,237$1,356,281
71$2,462,635$842,666$572,323$1,411,905
72$2,663,224$833,356$540,896$1,472,271
73$2,882,678$821,996$506,821$1,537,902
74$3,122,873$808,435$469,961$1,609,378
75$3,385,871$792,514$430,171$1,687,342
76$3,673,947$774,064$387,298$1,772,507
77$3,989,601$752,905$341,184$1,865,664
78$4,335,591$728,848$291,664$1,967,691
79$4,714,952$701,692$238,566$2,079,557
80$5,131,027$671,225$181,708$2,202,341
81$5,587,500$637,223$120,903$2,337,234
82$6,088,425$599,447$55,954$2,485,557
83$6,638,271$557,647$0$2,648,773
84$7,241,960$511,557$0$2,832,349
85$7,904,912$460,896$0$3,051,679
86$8,633,100$405,367$0$3,292,675
87$9,433,103$344,656$0$3,557,596
88$10,312,168$278,433$0$3,848,940
89$11,278,279$206,346$0$4,169,461
90$12,340,234$128,027$0$4,522,203
91$13,507,722$43,085$0$4,910,526
92$14,791,421$0$0$5,338,140
93$16,203,093$0$0$5,830,658
94$17,755,698$0$0$6,393,333
95$19,463,516$0$0$7,012,392
96$21,342,279$0$0$7,693,553
97$23,409,320$0$0$8,443,118
98$25,683,738$0$0$9,268,030
99$28,186,577$0$0$10,175,941
100$30,941,023$0$0$11,175,279