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%15.7%
1 years$52,025$51,561$51,109$50,668$50,237$49,062
2 years$25,755$25,275$24,810$24,360$23,922$22,746
3 years$16,999$16,518$16,054$15,607$15,177$14,035
4 years$12,622$12,142$11,683$11,244$10,825$9,726
5 years$9,997$9,520$9,067$8,637$8,229$7,177
6 years$8,247$7,773$7,327$6,907$6,511$5,507
7 years$6,998$6,528$6,089$5,678$5,295$4,339
8 years$6,061$5,596$5,164$4,764$4,393$3,484
9 years$5,333$4,872$4,448$4,057$3,699$2,837
10 years$4,751$4,295$3,878$3,498$3,152$2,335
11 years$4,275$3,823$3,414$3,044$2,711$1,939
12 years$3,879$3,432$3,030$2,670$2,349$1,620
13 years$3,544$3,101$2,707$2,357$2,049$1,361
14 years$3,257$2,819$2,432$2,092$1,796$1,149
15 years$3,008$2,575$2,196$1,866$1,581$973
16 years$2,791$2,363$1,991$1,671$1,397$827
17 years$2,600$2,176$1,812$1,501$1,239$705
18 years$2,430$2,011$1,654$1,353$1,102$602
19 years$2,278$1,863$1,514$1,222$982$515
20 years$2,141$1,732$1,389$1,107$877$441
21 years$2,018$1,613$1,278$1,005$785$378
22 years$1,906$1,506$1,178$914$704$325
23 years$1,804$1,408$1,088$832$632$279
24 years$1,710$1,319$1,006$759$568$240
25 years$1,624$1,238$932$693$511$206
26 years$1,545$1,164$864$634$460$178
27 years$1,472$1,095$802$580$415$153
28 years$1,404$1,032$746$531$374$132
29 years$1,341$973$694$487$338$114
30 years$1,282$919$646$447$305$98
31 years$1,228$869$603$411$276$85
32 years$1,176$822$562$378$250$73
33 years$1,128$779$525$347$226$63
34 years$1,083$738$491$319$205$54
35 years$1,041$700$459$294$185$47
36 years$1,001$664$429$271$168$41
37 years$963$631$402$250$152$35
38 years$927$600$376$230$138$30
39 years$893$570$352$212$125$26
40 years$861$543$330$196$114$23
41 years$831$517$310$180$103$20
42 years$802$492$290$167$93$17
43 years$775$469$273$154$85$15
44 years$749$447$256$142$77$13
45 years$724$426$240$131$70$11
46 years$700$406$226$121$63$9
47 years$677$388$212$112$58$8
48 years$656$370$199$103$52$7
49 years$635$354$187$96$48$6
50 years$615$338$176$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $630,000, adding $5,712 every year, while hoping to spend $26,415 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: 52/38/10 Blend
55$630,000$630,000$630,000$630,000
56$700,152$666,762$656,997$734,458
57$743,462$671,328$650,901$763,017
58$790,305$675,232$643,715$790,740
59$841,012$678,415$635,376$820,272
60$895,949$680,811$625,815$851,791
61$955,518$682,354$614,963$885,493
62$1,020,161$682,969$602,744$921,594
63$1,090,364$682,581$589,082$960,334
64$1,166,662$681,108$573,897$1,001,978
65$1,249,641$678,462$557,102$1,046,821
66$1,339,950$674,552$538,611$1,095,187
67$1,438,300$669,280$518,329$1,147,436
68$1,545,474$662,543$496,161$1,203,965
69$1,662,335$654,230$472,005$1,265,214
70$1,789,832$644,225$445,755$1,331,670
71$1,929,008$632,405$417,301$1,403,870
72$2,081,013$618,640$386,527$1,482,410
73$2,247,113$602,790$353,313$1,567,947
74$2,428,701$584,709$317,531$1,661,208
75$2,627,311$564,242$279,051$1,762,997
76$2,844,632$541,225$237,735$1,874,201
77$3,082,524$515,485$193,438$1,995,804
78$3,343,035$486,837$146,012$2,128,889
79$3,628,419$455,087$95,298$2,274,656
80$3,941,162$420,030$41,135$2,434,429
81$4,283,997$381,449$0$2,609,672
82$4,659,938$339,113$0$2,803,779
83$5,072,303$292,780$0$3,021,557
84$5,524,746$242,195$0$3,260,604
85$6,021,293$187,085$0$3,523,119
86$6,566,378$127,165$0$3,811,530
87$7,164,885$62,133$0$4,128,513
88$7,822,195$0$0$4,477,027
89$8,544,235$0$0$4,863,815
90$9,337,535$0$0$5,317,388
91$10,209,288$0$0$5,815,885
92$11,167,418$0$0$6,363,847
93$12,220,657$0$0$6,966,276
94$13,378,621$0$0$7,628,681
95$14,651,909$0$0$8,357,135
96$16,052,196$0$0$9,158,327
97$17,592,344$0$0$10,039,627
98$19,286,526$0$0$11,009,154
99$21,150,358$0$0$12,075,856
100$23,201,043$0$0$13,249,590