Can I retire at age 56 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$53,842$53,362$52,894$52,437$51,991$50,107
2 years$26,654$26,158$25,677$25,210$24,758$22,880
3 years$17,593$17,094$16,615$16,152$15,707$13,895
4 years$13,063$12,566$12,091$11,637$11,203$9,470
5 years$10,346$9,852$9,383$8,938$8,516$6,867
6 years$8,535$8,045$7,583$7,148$6,738$5,175
7 years$7,242$6,756$6,302$5,877$5,480$4,001
8 years$6,273$5,791$5,344$4,930$4,546$3,151
9 years$5,520$5,042$4,603$4,199$3,829$2,515
10 years$4,917$4,445$4,013$3,620$3,262$2,028
11 years$4,425$3,957$3,533$3,150$2,806$1,648
12 years$4,014$3,551$3,135$2,763$2,431$1,348
13 years$3,668$3,209$2,801$2,439$2,120$1,107
14 years$3,371$2,917$2,517$2,165$1,858$914
15 years$3,113$2,665$2,272$1,931$1,636$756
16 years$2,889$2,445$2,060$1,729$1,446$628
17 years$2,690$2,252$1,875$1,554$1,282$522
18 years$2,515$2,081$1,711$1,400$1,140$435
19 years$2,357$1,928$1,567$1,265$1,016$363
20 years$2,216$1,792$1,438$1,146$908$303
21 years$2,088$1,669$1,323$1,040$812$253
22 years$1,972$1,558$1,219$946$728$212
23 years$1,867$1,457$1,126$861$654$177
24 years$1,770$1,365$1,041$785$587$149
25 years$1,681$1,281$964$717$529$125
26 years$1,599$1,204$894$656$476$105
27 years$1,523$1,133$830$600$429$88
28 years$1,453$1,068$772$550$387$74
29 years$1,388$1,007$718$504$350$62
30 years$1,327$951$669$463$316$52
31 years$1,270$899$624$425$286$44
32 years$1,217$851$582$391$258$37
33 years$1,168$806$543$359$234$31
34 years$1,121$764$508$331$212$26
35 years$1,077$725$475$304$192$22
36 years$1,036$688$444$280$174$18
37 years$996$653$416$258$158$15
38 years$959$621$389$238$143$13
39 years$925$590$365$219$130$11
40 years$891$562$342$202$117$9
41 years$860$535$320$187$107$8
42 years$830$509$301$172$97$6
43 years$802$485$282$159$88$5
44 years$775$462$265$147$80$5
45 years$749$441$249$136$72$4
46 years$724$421$234$125$66$3
47 years$701$401$219$116$60$3
48 years$679$383$206$107$54$2
49 years$657$366$194$99$49$2
50 years$637$350$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $652,000, adding $3,648 every year, while hoping to spend $34,811 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: 86/6/8 Blend
55$652,000$652,000$652,000$652,000
56$722,267$687,711$677,605$783,464
57$758,900$684,370$663,266$820,595
58$798,102$679,699$647,280$856,241
59$840,099$673,595$629,555$894,305
60$885,139$665,951$609,995$935,008
61$933,493$656,652$588,499$978,591
62$985,458$645,577$564,962$1,025,319
63$1,041,361$632,596$539,275$1,075,485
64$1,101,560$617,574$511,321$1,129,412
65$1,166,450$600,366$480,982$1,187,454
66$1,236,464$580,820$448,130$1,250,000
67$1,312,077$558,774$412,636$1,317,482
68$1,393,811$534,056$374,362$1,390,371
69$1,482,242$506,486$333,165$1,469,190
70$1,577,999$475,873$288,894$1,554,512
71$1,681,777$442,013$241,395$1,646,970
72$1,794,340$404,694$190,503$1,747,259
73$1,916,527$363,687$136,049$1,856,148
74$2,049,260$318,755$77,854$1,974,481
75$2,193,555$269,645$15,733$2,103,190
76$2,350,529$216,089$0$2,243,300
77$2,521,412$157,806$0$2,400,259
78$2,707,555$94,498$0$2,572,709
79$2,910,447$25,849$0$2,760,697
80$3,131,725$0$0$2,965,753
81$3,373,193$0$0$3,192,766
82$3,636,835$0$0$3,442,496
83$3,924,834$0$0$3,715,307
84$4,239,597$0$0$4,013,477
85$4,583,770$0$0$4,339,516
86$4,960,268$0$0$4,696,185
87$5,372,301$0$0$5,086,527
88$5,823,403$0$0$5,513,891
89$6,317,466$0$0$5,981,965
90$6,858,776$0$0$6,494,811
91$7,452,053$0$0$7,056,901
92$8,102,494$0$0$7,673,163
93$8,815,827$0$0$8,349,021
94$9,598,356$0$0$9,090,453
95$10,457,027$0$0$9,904,041
96$11,399,491$0$0$10,797,035
97$12,434,176$0$0$11,777,422
98$13,570,365$0$0$12,854,000
99$14,818,284$0$0$14,036,461
100$16,189,199$0$0$15,335,479