Can I retire at age 56 with 652,000?

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 $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%19.6%
1 years$53,842$53,362$52,894$52,437$51,991$49,988
2 years$26,654$26,158$25,677$25,210$24,758$22,763
3 years$17,593$17,094$16,615$16,152$15,707$13,784
4 years$13,063$12,566$12,091$11,637$11,203$9,366
5 years$10,346$9,852$9,383$8,938$8,516$6,770
6 years$8,535$8,045$7,583$7,148$6,738$5,085
7 years$7,242$6,756$6,302$5,877$5,480$3,918
8 years$6,273$5,791$5,344$4,930$4,546$3,075
9 years$5,520$5,042$4,603$4,199$3,829$2,445
10 years$4,917$4,445$4,013$3,620$3,262$1,964
11 years$4,425$3,957$3,533$3,150$2,806$1,590
12 years$4,014$3,551$3,135$2,763$2,431$1,295
13 years$3,668$3,209$2,801$2,439$2,120$1,060
14 years$3,371$2,917$2,517$2,165$1,858$871
15 years$3,113$2,665$2,272$1,931$1,636$718
16 years$2,889$2,445$2,060$1,729$1,446$593
17 years$2,690$2,252$1,875$1,554$1,282$491
18 years$2,515$2,081$1,711$1,400$1,140$407
19 years$2,357$1,928$1,567$1,265$1,016$338
20 years$2,216$1,792$1,438$1,146$908$281
21 years$2,088$1,669$1,323$1,040$812$234
22 years$1,972$1,558$1,219$946$728$195
23 years$1,867$1,457$1,126$861$654$162
24 years$1,770$1,365$1,041$785$587$135
25 years$1,681$1,281$964$717$529$113
26 years$1,599$1,204$894$656$476$94
27 years$1,523$1,133$830$600$429$79
28 years$1,453$1,068$772$550$387$66
29 years$1,388$1,007$718$504$350$55
30 years$1,327$951$669$463$316$46
31 years$1,270$899$624$425$286$38
32 years$1,217$851$582$391$258$32
33 years$1,168$806$543$359$234$27
34 years$1,121$764$508$331$212$22
35 years$1,077$725$475$304$192$19
36 years$1,036$688$444$280$174$16
37 years$996$653$416$258$158$13
38 years$959$621$389$238$143$11
39 years$925$590$365$219$130$9
40 years$891$562$342$202$117$8
41 years$860$535$320$187$107$6
42 years$830$509$301$172$97$5
43 years$802$485$282$159$88$4
44 years$775$462$265$147$80$4
45 years$749$441$249$136$72$3
46 years$724$421$234$125$66$3
47 years$701$401$219$116$60$2
48 years$679$383$206$107$54$2
49 years$657$366$194$99$49$2
50 years$637$350$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $652,000, adding $3,558 every year, while hoping to spend $24,848 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: 60/23/17 Blend
55$652,000$652,000$652,000$652,000
56$722,174$687,618$677,512$762,152
57$769,398$694,873$673,771$796,823
58$820,605$701,651$669,071$831,556
59$876,177$707,902$663,355$868,871
60$936,531$713,573$656,561$909,021
61$1,002,128$718,608$648,626$952,285
62$1,073,472$722,947$639,482$998,972
63$1,151,121$726,527$629,060$1,049,422
64$1,235,686$729,278$617,285$1,104,010
65$1,327,843$731,129$604,081$1,163,152
66$1,428,333$732,004$589,367$1,227,305
67$1,537,971$731,821$573,059$1,296,975
68$1,657,658$730,493$555,070$1,372,719
69$1,788,380$727,929$535,306$1,455,153
70$1,931,228$724,031$513,672$1,544,957
71$2,087,400$718,695$490,067$1,642,881
72$2,258,217$711,813$464,386$1,749,753
73$2,445,130$703,267$436,518$1,866,485
74$2,649,741$692,934$406,349$1,994,087
75$2,873,810$680,684$373,758$2,133,671
76$3,119,280$666,379$338,620$2,286,464
77$3,388,286$649,871$300,803$2,453,822
78$3,683,183$631,006$260,171$2,637,238
79$4,006,561$609,619$216,581$2,838,362
80$4,361,277$585,537$169,882$3,059,013
81$4,750,473$558,575$119,920$3,301,200
82$5,177,615$528,538$66,531$3,567,136
83$5,646,517$495,222$9,545$3,859,265
84$6,161,382$458,408$0$4,180,282
85$6,726,839$417,866$0$4,542,459
86$7,347,988$373,352$0$4,942,230
87$8,030,447$324,611$0$5,381,512
88$8,780,405$271,369$0$5,864,333
89$9,604,680$213,341$0$6,395,131
90$10,510,785$150,222$0$6,978,800
91$11,506,996$81,693$0$7,620,734
92$12,602,429$7,416$0$8,326,881
93$13,807,130$0$0$9,103,795
94$15,132,168$0$0$9,977,171
95$16,589,736$0$0$10,940,026
96$18,193,269$0$0$11,999,365
97$19,957,571$0$0$13,164,976
98$21,898,953$0$0$14,447,642
99$24,035,386$0$0$15,859,245
100$26,386,670$0$0$17,412,877