Can I retire at age 56 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$52,025$51,561$51,109$50,668$50,237$48,571
2 years$25,755$25,275$24,810$24,360$23,922$22,260
3 years$16,999$16,518$16,054$15,607$15,177$13,571
4 years$12,622$12,142$11,683$11,244$10,825$9,286
5 years$9,997$9,520$9,067$8,637$8,229$6,762
6 years$8,247$7,773$7,327$6,907$6,511$5,118
7 years$6,998$6,528$6,089$5,678$5,295$3,976
8 years$6,061$5,596$5,164$4,764$4,393$3,146
9 years$5,333$4,872$4,448$4,057$3,699$2,523
10 years$4,751$4,295$3,878$3,498$3,152$2,045
11 years$4,275$3,823$3,414$3,044$2,711$1,670
12 years$3,879$3,432$3,030$2,670$2,349$1,373
13 years$3,544$3,101$2,707$2,357$2,049$1,135
14 years$3,257$2,819$2,432$2,092$1,796$941
15 years$3,008$2,575$2,196$1,866$1,581$784
16 years$2,791$2,363$1,991$1,671$1,397$654
17 years$2,600$2,176$1,812$1,501$1,239$547
18 years$2,430$2,011$1,654$1,353$1,102$458
19 years$2,278$1,863$1,514$1,222$982$385
20 years$2,141$1,732$1,389$1,107$877$323
21 years$2,018$1,613$1,278$1,005$785$272
22 years$1,906$1,506$1,178$914$704$229
23 years$1,804$1,408$1,088$832$632$193
24 years$1,710$1,319$1,006$759$568$163
25 years$1,624$1,238$932$693$511$137
26 years$1,545$1,164$864$634$460$116
27 years$1,472$1,095$802$580$415$98
28 years$1,404$1,032$746$531$374$83
29 years$1,341$973$694$487$338$70
30 years$1,282$919$646$447$305$59
31 years$1,228$869$603$411$276$50
32 years$1,176$822$562$378$250$42
33 years$1,128$779$525$347$226$36
34 years$1,083$738$491$319$205$30
35 years$1,041$700$459$294$185$25
36 years$1,001$664$429$271$168$22
37 years$963$631$402$250$152$18
38 years$927$600$376$230$138$15
39 years$893$570$352$212$125$13
40 years$861$543$330$196$114$11
41 years$831$517$310$180$103$9
42 years$802$492$290$167$93$8
43 years$775$469$273$154$85$7
44 years$749$447$256$142$77$6
45 years$724$426$240$131$70$5
46 years$700$406$226$121$63$4
47 years$677$388$212$112$58$3
48 years$656$370$199$103$52$3
49 years$635$354$187$96$48$2
50 years$615$338$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $630,000, adding $2,049 every year, while hoping to spend $25,708 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: 39/49/12 Blend
55$630,000$630,000$630,000$630,000
56$696,374$662,984$653,219$720,936
57$740,051$668,117$647,748$743,666
58$787,321$672,640$641,233$765,557
59$838,524$676,495$633,611$788,660
60$894,033$679,623$624,817$813,096
61$954,259$681,959$614,782$839,000
62$1,019,652$683,434$603,436$866,522
63$1,090,709$683,975$590,704$895,828
64$1,167,976$683,504$576,507$927,104
65$1,252,054$681,940$560,764$960,555
66$1,343,603$679,195$543,389$996,410
67$1,443,351$675,176$524,294$1,034,923
68$1,552,099$669,786$503,384$1,076,376
69$1,670,727$662,919$480,561$1,121,083
70$1,800,205$654,466$455,724$1,169,389
71$1,941,601$644,309$428,765$1,221,681
72$2,096,088$632,325$399,573$1,278,387
73$2,264,961$618,381$368,030$1,339,979
74$2,449,645$602,339$334,017$1,406,984
75$2,651,706$584,050$297,403$1,479,983
76$2,872,871$563,360$258,058$1,559,623
77$3,115,042$540,103$215,841$1,646,619
78$3,380,312$514,104$170,608$1,741,762
79$3,670,988$485,179$122,207$1,845,930
80$3,989,607$453,132$70,479$1,960,094
81$4,338,968$417,756$15,261$2,085,329
82$4,722,149$378,832$0$2,222,826
83$5,142,544$336,131$0$2,379,494
84$5,603,890$289,407$0$2,553,646
85$6,110,302$238,403$0$2,744,963
86$6,666,315$182,847$0$2,955,255
87$7,276,923$122,451$0$3,186,518
88$7,947,628$56,910$0$3,440,963
89$8,684,492$0$0$3,721,028
90$9,494,191$0$0$4,037,009
91$10,384,083$0$0$4,418,099
92$11,362,269$0$0$4,837,094
93$12,437,680$0$0$5,297,829
94$13,620,151$0$0$5,804,531
95$14,920,519$0$0$6,361,856
96$16,350,725$0$0$6,974,933
97$17,923,924$0$0$7,649,416
98$19,654,611$0$0$8,391,531
99$21,558,754$0$0$9,208,142
100$23,653,950$0$0$10,106,808