Can I retire at age 56 with 663,000?

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 $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%19.6%
1 years$54,750$54,262$53,786$53,322$52,869$50,831
2 years$27,104$26,599$26,110$25,636$25,176$23,147
3 years$17,890$17,383$16,895$16,425$15,972$14,017
4 years$13,284$12,778$12,295$11,833$11,392$9,524
5 years$10,521$10,018$9,542$9,089$8,660$6,885
6 years$8,679$8,181$7,711$7,269$6,852$5,171
7 years$7,365$6,870$6,408$5,976$5,573$3,985
8 years$6,379$5,889$5,434$5,013$4,623$3,127
9 years$5,613$5,127$4,681$4,270$3,893$2,486
10 years$5,000$4,520$4,081$3,681$3,317$1,997
11 years$4,499$4,023$3,593$3,203$2,853$1,617
12 years$4,082$3,611$3,188$2,810$2,472$1,317
13 years$3,729$3,264$2,849$2,481$2,156$1,078
14 years$3,427$2,966$2,559$2,202$1,890$885
15 years$3,166$2,710$2,311$1,964$1,664$730
16 years$2,937$2,486$2,095$1,758$1,471$603
17 years$2,736$2,290$1,906$1,580$1,304$499
18 years$2,557$2,116$1,740$1,424$1,159$414
19 years$2,397$1,961$1,593$1,287$1,033$344
20 years$2,253$1,822$1,462$1,165$923$286
21 years$2,123$1,697$1,345$1,057$826$238
22 years$2,006$1,584$1,240$962$740$198
23 years$1,898$1,482$1,144$876$665$165
24 years$1,800$1,388$1,058$799$597$138
25 years$1,709$1,303$980$729$538$115
26 years$1,626$1,225$909$667$484$96
27 years$1,549$1,152$844$610$437$80
28 years$1,478$1,086$785$559$394$67
29 years$1,411$1,024$730$513$356$56
30 years$1,350$968$680$471$321$47
31 years$1,292$915$634$432$291$39
32 years$1,238$865$592$397$263$33
33 years$1,187$820$553$365$238$27
34 years$1,140$777$516$336$215$23
35 years$1,095$737$483$309$195$19
36 years$1,053$699$452$285$177$16
37 years$1,013$664$423$263$160$13
38 years$976$631$396$242$145$11
39 years$940$600$371$223$132$9
40 years$906$571$348$206$119$8
41 years$874$544$326$190$108$6
42 years$844$518$306$175$98$5
43 years$815$493$287$162$89$5
44 years$788$470$269$149$81$4
45 years$762$448$253$138$74$3
46 years$737$428$237$127$67$3
47 years$713$408$223$118$61$2
48 years$690$390$210$109$55$2
49 years$668$372$197$101$50$2
50 years$647$355$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $663,000, adding $4,376 every year, while hoping to spend $25,413 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: 39/39/22 Blend
55$663,000$663,000$663,000$663,000
56$735,140$700,001$689,724$758,849
57$783,085$707,262$685,791$783,622
58$835,069$714,027$680,874$807,670
59$891,476$720,244$674,914$833,159
60$952,731$725,860$667,847$860,236
61$1,019,299$730,817$659,610$889,063
62$1,091,692$735,052$650,132$919,817
63$1,170,476$738,500$639,342$952,700
64$1,256,269$741,092$627,165$987,932
65$1,349,755$742,752$613,521$1,025,757
66$1,451,684$743,401$598,329$1,066,448
67$1,562,885$742,957$581,502$1,110,307
68$1,684,267$741,329$562,949$1,157,667
69$1,816,831$738,423$542,577$1,208,900
70$1,961,682$734,140$520,287$1,264,415
71$2,120,032$728,372$495,976$1,324,667
72$2,293,220$721,006$469,535$1,390,162
73$2,482,716$711,923$440,853$1,461,456
74$2,690,142$700,996$409,810$1,539,168
75$2,917,282$688,091$376,284$1,623,981
76$3,166,102$673,064$340,147$1,716,654
77$3,438,766$655,766$301,264$1,818,023
78$3,737,659$636,037$259,494$1,929,018
79$4,065,404$613,707$214,692$2,050,662
80$4,424,895$588,598$166,703$2,184,092
81$4,819,315$560,521$115,369$2,330,563
82$5,252,174$529,275$60,522$2,491,462
83$5,727,334$494,648$1,989$2,668,324
84$6,249,053$456,417$0$2,862,846
85$6,822,020$414,345$0$3,091,099
86$7,451,400$368,181$0$3,342,381
87$8,142,883$317,662$0$3,618,561
88$8,902,737$262,507$0$3,922,219
89$9,737,869$202,423$0$4,256,202
90$10,655,886$137,096$0$4,623,651
91$11,665,171$66,199$0$5,028,035
92$12,774,958$0$0$5,473,179
93$13,995,422$0$0$5,967,862
94$15,337,771$0$0$6,543,294
95$16,814,357$0$0$7,176,371
96$18,438,786$0$0$7,872,940
97$20,226,053$0$0$8,639,443
98$22,192,676$0$0$9,482,979
99$24,356,856$0$0$10,411,369
100$26,738,650$0$0$11,433,229