Can I retire at age 56 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$52,438$51,971$51,515$51,070$50,636$50,045
2 years$25,959$25,476$25,007$24,553$24,112$23,517
3 years$17,134$16,649$16,181$15,731$15,298$14,717
4 years$12,723$12,239$11,776$11,334$10,911$10,349
5 years$10,076$9,595$9,139$8,705$8,294$7,753
6 years$8,313$7,835$7,385$6,962$6,563$6,043
7 years$7,053$6,580$6,137$5,724$5,337$4,840
8 years$6,110$5,640$5,205$4,801$4,428$3,952
9 years$5,376$4,911$4,483$4,090$3,729$3,274
10 years$4,789$4,329$3,908$3,525$3,177$2,743
11 years$4,309$3,854$3,441$3,068$2,732$2,319
12 years$3,910$3,459$3,054$2,691$2,368$1,975
13 years$3,572$3,126$2,728$2,376$2,065$1,692
14 years$3,283$2,841$2,451$2,109$1,810$1,456
15 years$3,032$2,595$2,213$1,881$1,594$1,258
16 years$2,813$2,381$2,007$1,684$1,409$1,091
17 years$2,620$2,193$1,826$1,513$1,249$949
18 years$2,449$2,027$1,667$1,364$1,110$827
19 years$2,296$1,878$1,526$1,232$990$723
20 years$2,158$1,745$1,400$1,116$884$633
21 years$2,034$1,626$1,288$1,013$791$555
22 years$1,921$1,517$1,187$921$709$487
23 years$1,818$1,419$1,096$839$637$428
24 years$1,724$1,330$1,014$765$572$377
25 years$1,637$1,248$939$699$515$332
26 years$1,557$1,173$871$639$464$292
27 years$1,484$1,104$809$585$418$258
28 years$1,415$1,040$752$536$377$228
29 years$1,352$981$700$491$341$201
30 years$1,293$927$652$451$308$177
31 years$1,237$876$607$414$278$157
32 years$1,186$829$567$381$252$139
33 years$1,137$785$529$350$228$123
34 years$1,092$744$494$322$206$108
35 years$1,049$706$462$296$187$96
36 years$1,009$670$432$273$169$85
37 years$970$636$405$251$153$75
38 years$934$605$379$232$139$67
39 years$900$575$355$214$126$59
40 years$868$547$333$197$114$52
41 years$838$521$312$182$104$46
42 years$808$496$293$168$94$41
43 years$781$472$275$155$85$36
44 years$754$450$258$143$78$32
45 years$729$429$242$132$70$28
46 years$705$410$227$122$64$25
47 years$683$391$214$113$58$22
48 years$661$373$201$104$53$20
49 years$640$356$189$96$48$18
50 years$620$340$177$89$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $635,000, adding $4,752 every year, while hoping to spend $44,528 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: 53/40/7 Blend
55$635,000$635,000$635,000$635,000
56$704,672$671,017$661,174$740,589
57$729,171$656,519$635,946$750,963
58$754,676$639,819$608,380$756,972
59$781,244$620,761$578,352$762,437
60$808,934$599,181$545,730$767,315
61$837,810$574,905$510,377$771,561
62$867,942$547,751$472,150$775,129
63$899,405$517,524$430,899$777,970
64$932,279$484,018$386,470$780,034
65$966,653$447,015$338,697$781,269
66$1,002,620$406,287$287,412$781,621
67$1,040,282$361,591$232,435$781,036
68$1,079,751$312,669$173,582$779,458
69$1,121,147$259,251$110,658$776,829
70$1,164,600$201,050$43,461$773,090
71$1,210,251$137,764$0$768,182
72$1,258,255$69,073$0$764,156
73$1,308,780$0$0$762,441
74$1,362,006$0$0$762,106
75$1,418,133$0$0$793,836
76$1,477,377$0$0$827,353
77$1,539,973$0$0$862,794
78$1,606,179$0$0$900,308
79$1,676,276$0$0$940,058
80$1,750,570$0$0$982,223
81$1,829,397$0$0$1,026,995
82$1,913,122$0$0$1,074,589
83$2,002,147$0$0$1,125,237
84$2,096,909$0$0$1,179,194
85$2,197,890$0$0$1,236,738
86$2,305,614$0$0$1,298,176
87$2,420,657$0$0$1,363,843
88$2,543,651$0$0$1,434,104
89$2,675,287$0$0$1,509,364
90$2,816,324$0$0$1,590,063
91$2,967,593$0$0$1,676,686
92$3,130,008$0$0$1,769,764
93$3,304,570$0$0$1,869,881
94$3,492,379$0$0$1,977,677
95$3,694,644$0$0$2,093,857
96$3,912,690$0$0$2,219,191
97$4,147,974$0$0$2,354,531
98$4,402,097$0$0$2,500,808
99$4,676,819$0$0$2,659,047
100$4,974,071$0$0$2,830,377