Can I retire at age 56 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$52,273$51,807$51,353$50,909$50,476$48,978
2 years$25,877$25,396$24,928$24,476$24,036$22,539
3 years$17,080$16,596$16,130$15,682$15,250$13,801
4 years$12,683$12,200$11,739$11,298$10,876$9,487
5 years$10,045$9,565$9,110$8,678$8,268$6,941
6 years$8,287$7,811$7,362$6,940$6,542$5,280
7 years$7,031$6,559$6,118$5,706$5,320$4,122
8 years$6,090$5,622$5,188$4,786$4,414$3,279
9 years$5,359$4,895$4,469$4,077$3,717$2,644
10 years$4,774$4,315$3,896$3,514$3,167$2,155
11 years$4,296$3,841$3,430$3,058$2,724$1,771
12 years$3,897$3,448$3,044$2,683$2,360$1,465
13 years$3,561$3,116$2,720$2,368$2,058$1,218
14 years$3,272$2,832$2,444$2,102$1,804$1,016
15 years$3,023$2,587$2,206$1,875$1,589$851
16 years$2,804$2,374$2,000$1,679$1,404$715
17 years$2,612$2,186$1,820$1,508$1,245$602
18 years$2,441$2,020$1,662$1,359$1,107$508
19 years$2,289$1,872$1,521$1,228$987$429
20 years$2,151$1,740$1,396$1,112$881$363
21 years$2,027$1,621$1,284$1,010$789$308
22 years$1,915$1,513$1,183$918$707$261
23 years$1,812$1,415$1,093$836$635$222
24 years$1,718$1,326$1,011$763$570$188
25 years$1,632$1,244$936$696$513$160
26 years$1,552$1,169$868$637$462$136
27 years$1,479$1,100$806$583$417$116
28 years$1,411$1,037$749$534$376$98
29 years$1,348$978$697$490$340$84
30 years$1,289$924$650$449$307$71
31 years$1,233$873$606$413$277$61
32 years$1,182$826$565$379$251$52
33 years$1,134$782$528$349$227$44
34 years$1,088$742$493$321$206$37
35 years$1,046$703$461$295$186$32
36 years$1,005$668$431$272$169$27
37 years$967$634$403$251$153$23
38 years$932$603$378$231$139$20
39 years$898$573$354$213$126$17
40 years$865$545$332$197$114$14
41 years$835$519$311$181$103$12
42 years$806$494$292$167$94$10
43 years$778$471$274$154$85$9
44 years$752$449$257$143$77$8
45 years$727$428$241$132$70$6
46 years$703$408$227$122$64$6
47 years$680$390$213$112$58$5
48 years$659$372$200$104$53$4
49 years$638$355$188$96$48$3
50 years$618$339$177$89$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $633,000, adding $4,464 every year, while hoping to spend $35,510 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: 22/50/28 Blend
55$633,000$633,000$633,000$633,000
56$702,171$668,622$658,810$711,313
57$736,010$663,602$643,098$714,725
58$772,110$657,146$625,669$715,114
59$810,665$649,146$606,429$714,767
60$851,887$639,487$585,278$713,646
61$896,006$628,050$562,112$711,713
62$943,279$614,704$536,823$708,931
63$993,984$599,315$509,297$705,265
64$1,048,427$581,738$479,415$700,679
65$1,106,944$561,821$447,053$695,138
66$1,169,905$539,403$412,082$688,610
67$1,237,715$514,313$374,366$681,065
68$1,310,818$486,371$333,764$672,474
69$1,389,704$455,385$290,127$662,814
70$1,474,910$421,155$243,302$652,064
71$1,567,025$383,466$193,127$640,210
72$1,666,699$342,093$139,434$627,240
73$1,774,644$296,798$82,048$613,153
74$1,891,645$247,328$20,783$597,954
75$2,018,564$193,418$0$581,656
76$2,156,349$134,787$0$577,607
77$2,306,042$71,137$0$580,015
78$2,468,791$2,155$0$582,775
79$2,645,857$0$0$586,020
80$2,838,630$0$0$629,786
81$3,048,636$0$0$678,860
82$3,277,558$0$0$732,462
83$3,527,246$0$0$791,038
84$3,799,736$0$0$855,082
85$4,097,271$0$0$925,133
86$4,422,318$0$0$1,001,789
87$4,777,594$0$0$1,085,706
88$5,166,091$0$0$1,177,607
89$5,591,102$0$0$1,278,288
90$6,056,253$0$0$1,388,627
91$6,565,537$0$0$1,509,589
92$7,123,352$0$0$1,642,238
93$7,734,541$0$0$1,787,745
94$8,404,435$0$0$1,947,400
95$9,138,910$0$0$2,122,626
96$9,944,433$0$0$2,314,987
97$10,828,131$0$0$2,526,208
98$11,797,851$0$0$2,758,190
99$12,862,237$0$0$3,013,024
100$14,030,813$0$0$3,293,017