Can I retire at age 56 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$54,915$54,426$53,949$53,483$53,028$51,290
2 years$27,186$26,679$26,189$25,713$25,251$23,517
3 years$17,944$17,435$16,946$16,475$16,021$14,344
4 years$13,324$12,817$12,332$11,869$11,426$9,820
5 years$10,552$10,049$9,570$9,117$8,686$7,155
6 years$8,705$8,205$7,734$7,291$6,873$5,418
7 years$7,387$6,891$6,427$5,994$5,589$4,211
8 years$6,398$5,907$5,451$5,028$4,637$3,334
9 years$5,630$5,143$4,695$4,283$3,905$2,676
10 years$5,015$4,533$4,093$3,692$3,327$2,170
11 years$4,513$4,036$3,603$3,213$2,862$1,774
12 years$4,094$3,622$3,198$2,818$2,480$1,459
13 years$3,741$3,273$2,857$2,488$2,162$1,206
14 years$3,438$2,975$2,567$2,209$1,896$1,002
15 years$3,175$2,718$2,318$1,970$1,669$834
16 years$2,946$2,494$2,101$1,764$1,475$697
17 years$2,744$2,297$1,912$1,585$1,308$583
18 years$2,565$2,122$1,746$1,428$1,163$489
19 years$2,404$1,967$1,598$1,290$1,037$411
20 years$2,260$1,828$1,467$1,169$926$346
21 years$2,130$1,702$1,349$1,061$829$291
22 years$2,012$1,589$1,243$964$743$245
23 years$1,904$1,486$1,148$878$667$207
24 years$1,805$1,393$1,062$801$599$175
25 years$1,714$1,307$983$732$539$147
26 years$1,631$1,228$912$669$486$124
27 years$1,554$1,156$847$612$438$105
28 years$1,482$1,089$787$561$395$89
29 years$1,416$1,028$733$514$357$75
30 years$1,354$970$682$472$322$64
31 years$1,296$917$636$434$291$54
32 years$1,242$868$594$398$264$45
33 years$1,191$822$554$366$239$38
34 years$1,143$779$518$337$216$33
35 years$1,098$739$484$310$196$28
36 years$1,056$701$453$286$177$23
37 years$1,016$666$424$263$161$20
38 years$979$633$397$243$146$17
39 years$943$602$372$224$132$14
40 years$909$573$349$206$120$12
41 years$877$545$327$190$109$10
42 years$847$519$307$176$99$9
43 years$818$495$288$162$90$7
44 years$790$472$270$150$81$6
45 years$764$450$254$138$74$5
46 years$739$429$238$128$67$4
47 years$715$409$224$118$61$4
48 years$692$391$210$109$55$3
49 years$670$373$198$101$50$3
50 years$649$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $665,000, adding $4,754 every year, while hoping to spend $52,687 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: 60/10/30 Blend
55$665,000$665,000$665,000$665,000
56$737,734$702,489$692,181$775,718
57$756,924$680,852$659,311$780,588
58$776,306$656,389$623,573$779,891
59$795,843$628,907$584,817$778,048
60$815,494$598,198$542,884$774,962
61$835,212$564,047$497,608$770,527
62$854,942$526,224$448,816$764,629
63$874,622$484,485$396,327$757,146
64$894,183$438,574$339,953$747,946
65$913,545$388,219$279,497$736,889
66$932,618$333,134$214,752$723,820
67$951,303$273,015$145,504$708,575
68$969,485$207,542$71,528$690,977
69$987,039$136,378$0$670,832
70$1,003,821$59,164$0$650,309
71$1,019,671$0$0$651,398
72$1,034,413$0$0$653,711
73$1,047,847$0$0$661,641
74$1,059,750$0$0$668,528
75$1,069,875$0$0$674,210
76$1,077,948$0$0$678,502
77$1,083,660$0$0$681,200
78$1,086,672$0$0$682,079
79$1,086,604$0$0$680,887
80$1,083,035$0$0$677,344
81$1,075,499$0$0$671,140
82$1,063,477$0$0$661,931
83$1,046,395$0$0$649,337
84$1,023,614$0$0$632,935
85$994,431$0$0$612,257
86$958,063$0$0$586,785
87$913,644$0$0$555,944
88$860,218$0$0$519,102
89$796,723$0$0$475,555
90$721,988$0$0$424,526
91$634,717$0$0$365,157
92$533,474$0$0$296,498
93$416,676$0$0$217,500
94$282,572$0$0$127,003
95$129,226$0$0$23,726
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