Can I retire at age 56 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$54,750$54,262$53,786$53,322$52,869$51,950
2 years$27,104$26,599$26,110$25,636$25,176$24,253
3 years$17,890$17,383$16,895$16,425$15,972$15,075
4 years$13,284$12,778$12,295$11,833$11,392$10,526
5 years$10,521$10,018$9,542$9,089$8,660$7,828
6 years$8,679$8,181$7,711$7,269$6,852$6,056
7 years$7,365$6,870$6,408$5,976$5,573$4,812
8 years$6,379$5,889$5,434$5,013$4,623$3,897
9 years$5,613$5,127$4,681$4,270$3,893$3,202
10 years$5,000$4,520$4,081$3,681$3,317$2,660
11 years$4,499$4,023$3,593$3,203$2,853$2,230
12 years$4,082$3,611$3,188$2,810$2,472$1,882
13 years$3,729$3,264$2,849$2,481$2,156$1,597
14 years$3,427$2,966$2,559$2,202$1,890$1,362
15 years$3,166$2,710$2,311$1,964$1,664$1,166
16 years$2,937$2,486$2,095$1,758$1,471$1,001
17 years$2,736$2,290$1,906$1,580$1,304$862
18 years$2,557$2,116$1,740$1,424$1,159$744
19 years$2,397$1,961$1,593$1,287$1,033$643
20 years$2,253$1,822$1,462$1,165$923$557
21 years$2,123$1,697$1,345$1,057$826$484
22 years$2,006$1,584$1,240$962$740$420
23 years$1,898$1,482$1,144$876$665$365
24 years$1,800$1,388$1,058$799$597$318
25 years$1,709$1,303$980$729$538$277
26 years$1,626$1,225$909$667$484$241
27 years$1,549$1,152$844$610$437$210
28 years$1,478$1,086$785$559$394$184
29 years$1,411$1,024$730$513$356$160
30 years$1,350$968$680$471$321$140
31 years$1,292$915$634$432$291$122
32 years$1,238$865$592$397$263$107
33 years$1,187$820$553$365$238$93
34 years$1,140$777$516$336$215$82
35 years$1,095$737$483$309$195$71
36 years$1,053$699$452$285$177$62
37 years$1,013$664$423$263$160$55
38 years$976$631$396$242$145$48
39 years$940$600$371$223$132$42
40 years$906$571$348$206$119$37
41 years$874$544$326$190$108$32
42 years$844$518$306$175$98$28
43 years$815$493$287$162$89$25
44 years$788$470$269$149$81$21
45 years$762$448$253$138$74$19
46 years$737$428$237$127$67$16
47 years$713$408$223$118$61$14
48 years$690$390$210$109$55$13
49 years$668$372$197$101$50$11
50 years$647$355$185$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $663,000, adding $4,086 every year, while hoping to spend $52,731 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: 58/21/21 Blend
55$663,000$663,000$663,000$663,000
56$734,841$699,702$689,425$773,125
57$753,689$677,882$656,416$777,815
58$772,693$653,225$620,533$776,877
59$791,812$625,538$581,625$774,693
60$811,000$594,613$539,533$771,153
61$830,207$560,233$494,092$766,142
62$849,371$522,168$445,128$759,532
63$868,427$480,174$392,459$751,187
64$887,297$433,993$335,897$740,963
65$905,897$383,354$275,245$728,700
66$924,128$327,969$210,296$714,229
67$941,883$267,533$140,835$697,367
68$959,039$201,726$66,636$677,916
69$975,459$130,209$0$655,664
70$990,990$52,623$0$633,192
71$1,005,460$0$0$623,557
72$1,018,677$0$0$618,860
73$1,030,428$0$0$625,356
74$1,040,476$0$0$630,730
75$1,048,554$0$0$634,813
76$1,054,367$0$0$637,414
77$1,057,587$0$0$638,323
78$1,057,850$0$0$637,305
79$1,054,749$0$0$634,100
80$1,047,836$0$0$628,419
81$1,036,611$0$0$619,943
82$1,020,520$0$0$608,316
83$998,951$0$0$593,146
84$971,223$0$0$573,995
85$936,585$0$0$550,382
86$894,201$0$0$521,772
87$843,150$0$0$487,575
88$782,411$0$0$447,136
89$710,853$0$0$399,731
90$627,230$0$0$344,562
91$530,158$0$0$280,743
92$418,112$0$0$207,297
93$289,404$0$0$123,144
94$142,171$0$0$27,090
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0