Can I retire at age 56 with 636,000?

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 $636,000?

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$52,520$52,052$51,596$51,151$50,716$50,123
2 years$26,000$25,516$25,047$24,592$24,150$23,554
3 years$17,161$16,675$16,207$15,756$15,322$14,741
4 years$12,743$12,258$11,794$11,351$10,928$10,365
5 years$10,092$9,610$9,153$8,719$8,307$7,766
6 years$8,326$7,848$7,397$6,973$6,573$6,053
7 years$7,065$6,590$6,147$5,733$5,346$4,847
8 years$6,119$5,649$5,213$4,809$4,435$3,958
9 years$5,384$4,919$4,490$4,096$3,735$3,279
10 years$4,796$4,335$3,914$3,531$3,182$2,748
11 years$4,316$3,860$3,446$3,073$2,737$2,323
12 years$3,916$3,464$3,058$2,695$2,372$1,978
13 years$3,578$3,131$2,733$2,380$2,068$1,694
14 years$3,288$2,846$2,455$2,112$1,813$1,458
15 years$3,037$2,600$2,217$1,884$1,596$1,260
16 years$2,818$2,385$2,010$1,687$1,411$1,093
17 years$2,624$2,197$1,829$1,516$1,251$951
18 years$2,453$2,030$1,669$1,366$1,112$829
19 years$2,299$1,881$1,528$1,234$991$724
20 years$2,162$1,748$1,403$1,118$885$634
21 years$2,037$1,628$1,290$1,014$792$556
22 years$1,924$1,520$1,189$922$710$488
23 years$1,821$1,422$1,098$840$638$429
24 years$1,726$1,332$1,015$766$573$377
25 years$1,640$1,250$940$700$516$332
26 years$1,560$1,175$872$640$465$293
27 years$1,486$1,106$810$586$419$258
28 years$1,418$1,042$753$537$378$228
29 years$1,354$983$701$492$341$201
30 years$1,295$928$653$452$308$178
31 years$1,239$877$608$415$279$157
32 years$1,188$830$568$381$252$139
33 years$1,139$786$530$350$228$123
34 years$1,093$745$495$322$207$109
35 years$1,051$707$463$297$187$96
36 years$1,010$671$433$273$170$85
37 years$972$637$405$252$154$75
38 years$936$605$380$232$139$67
39 years$902$576$356$214$126$59
40 years$870$548$333$197$115$52
41 years$839$521$313$182$104$46
42 years$810$497$293$168$94$41
43 years$782$473$275$155$86$36
44 years$756$451$258$143$78$32
45 years$731$430$243$132$71$29
46 years$707$410$228$122$64$25
47 years$684$392$214$113$58$22
48 years$662$374$201$104$53$20
49 years$641$357$189$96$48$18
50 years$621$341$178$89$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $636,000, adding $3,946 every year, while hoping to spend $23,748 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: 63/11/26 Blend
55$636,000$636,000$636,000$636,000
56$704,942$671,234$661,376$744,266
57$751,579$678,857$658,265$778,987
58$802,176$686,057$654,253$813,930
59$857,113$692,790$649,286$851,577
60$916,808$699,005$643,305$892,197
61$981,717$704,651$636,251$936,085
62$1,052,346$709,673$628,059$983,569
63$1,129,250$714,011$618,664$1,035,009
64$1,213,039$717,604$607,995$1,090,803
65$1,304,386$720,383$595,980$1,151,391
66$1,404,030$722,279$582,542$1,217,258
67$1,512,785$723,215$567,601$1,288,938
68$1,631,549$723,112$551,075$1,367,023
69$1,761,306$721,884$532,876$1,452,164
70$1,903,144$719,441$512,912$1,545,081
71$2,058,259$715,687$491,088$1,646,567
72$2,227,966$710,521$467,305$1,757,497
73$2,413,717$703,834$441,457$1,878,838
74$2,617,106$695,512$413,436$2,011,656
75$2,839,892$685,434$383,128$2,157,127
76$3,084,012$673,471$350,414$2,316,547
77$3,351,597$659,487$315,168$2,491,349
78$3,644,996$643,338$277,263$2,683,111
79$3,966,795$624,871$236,560$2,893,575
80$4,319,843$603,924$192,920$3,124,661
81$4,707,278$580,327$146,193$3,378,490
82$5,132,555$553,898$96,225$3,657,398
83$5,599,482$524,445$42,855$3,963,962
84$6,112,253$491,767$0$4,301,027
85$6,675,488$455,649$0$4,675,640
86$7,294,276$415,864$0$5,100,288
87$7,974,224$372,173$0$5,566,934
88$8,721,509$324,323$0$6,079,839
89$9,542,934$272,047$0$6,643,693
90$10,445,998$215,062$0$7,263,670
91$11,438,960$153,070$0$7,945,469
92$12,530,919$85,755$0$8,695,370
93$13,731,901$12,785$0$9,520,295
94$15,052,952$0$0$10,427,872
95$16,506,243$0$0$11,434,520
96$18,105,184$0$0$12,543,810
97$19,864,548$0$0$13,764,450
98$21,800,615$0$0$15,107,743
99$23,931,323$0$0$16,586,140
100$26,276,435$0$0$18,213,362