Can I retire at age 56 with 645,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$53,263$52,789$52,326$51,874$51,433$50,769
2 years$26,368$25,877$25,401$24,940$24,492$23,824
3 years$17,404$16,911$16,436$15,979$15,539$14,888
4 years$12,923$12,431$11,961$11,512$11,082$10,453
5 years$10,235$9,746$9,282$8,842$8,425$7,819
6 years$8,444$7,959$7,502$7,071$6,666$6,085
7 years$7,165$6,684$6,234$5,814$5,421$4,864
8 years$6,206$5,729$5,287$4,877$4,498$3,965
9 years$5,460$4,988$4,554$4,154$3,788$3,279
10 years$4,864$4,397$3,970$3,581$3,227$2,743
11 years$4,377$3,914$3,495$3,116$2,775$2,315
12 years$3,971$3,513$3,102$2,734$2,405$1,967
13 years$3,628$3,175$2,771$2,413$2,097$1,682
14 years$3,334$2,886$2,490$2,142$1,839$1,445
15 years$3,080$2,636$2,248$1,911$1,619$1,246
16 years$2,858$2,419$2,038$1,711$1,431$1,078
17 years$2,662$2,228$1,855$1,537$1,269$936
18 years$2,488$2,058$1,693$1,385$1,128$814
19 years$2,332$1,908$1,550$1,252$1,005$710
20 years$2,192$1,773$1,422$1,134$898$620
21 years$2,066$1,651$1,308$1,029$804$542
22 years$1,951$1,541$1,206$935$720$475
23 years$1,847$1,442$1,113$852$647$416
24 years$1,751$1,351$1,030$777$581$366
25 years$1,663$1,268$954$710$523$321
26 years$1,582$1,191$885$649$471$282
27 years$1,507$1,121$821$594$425$248
28 years$1,438$1,056$764$544$383$219
29 years$1,373$997$711$499$346$193
30 years$1,313$941$662$458$313$170
31 years$1,257$890$617$421$283$150
32 years$1,204$842$576$387$256$132
33 years$1,155$797$538$355$231$116
34 years$1,109$756$502$327$210$103
35 years$1,065$717$470$301$190$91
36 years$1,024$680$439$277$172$80
37 years$986$646$411$255$156$71
38 years$949$614$385$235$141$62
39 years$915$584$361$217$128$55
40 years$882$556$338$200$116$49
41 years$851$529$317$185$105$43
42 years$821$504$297$171$96$38
43 years$793$480$279$157$87$34
44 years$766$457$262$145$79$30
45 years$741$436$246$134$72$26
46 years$717$416$231$124$65$23
47 years$693$397$217$115$59$20
48 years$671$379$204$106$54$18
49 years$650$362$192$98$49$16
50 years$630$346$180$90$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $645,000, adding $5,662 every year, while hoping to spend $50,053 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: 27/49/24 Blend
55$645,000$645,000$645,000$645,000
56$716,630$682,445$672,448$730,456
57$736,471$662,629$641,719$722,073
58$756,657$640,164$608,283$708,339
59$777,172$614,869$571,996$692,543
60$797,995$586,548$532,709$674,543
61$819,100$554,999$490,265$654,188
62$840,459$520,005$444,500$631,318
63$862,038$481,337$395,242$605,761
64$883,797$438,754$342,314$577,339
65$905,691$391,999$285,529$545,861
66$927,669$340,804$224,691$511,123
67$949,670$284,883$159,597$472,912
68$971,628$223,934$90,035$430,999
69$993,466$157,639$15,784$385,143
70$1,015,098$85,661$0$335,089
71$1,036,425$7,646$0$296,815
72$1,057,339$0$0$259,153
73$1,077,714$0$0$259,216
74$1,097,412$0$0$263,142
75$1,116,277$0$0$266,758
76$1,134,134$0$0$270,012
77$1,150,789$0$0$272,843
78$1,166,023$0$0$275,185
79$1,179,593$0$0$276,962
80$1,191,229$0$0$278,093
81$1,200,628$0$0$278,485
82$1,207,455$0$0$278,035
83$1,211,335$0$0$276,631
84$1,211,853$0$0$274,146
85$1,208,549$0$0$270,440
86$1,200,910$0$0$265,359
87$1,188,368$0$0$258,731
88$1,170,293$0$0$250,365
89$1,145,987$0$0$240,050
90$1,114,676$0$0$227,555
91$1,075,503$0$0$212,620
92$1,027,519$0$0$194,960
93$969,673$0$0$174,260
94$900,804$0$0$150,169
95$819,625$0$0$122,303
96$724,714$0$0$90,233
97$614,499$0$0$53,490
98$487,242$0$0$11,552
99$341,022$0$0$0
100$173,716$0$0$0