Can I retire at age 56 with 665,000?

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 $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%16.1%
1 years$54,915$54,426$53,949$53,483$53,028$51,704
2 years$27,186$26,679$26,189$25,713$25,251$23,926
3 years$17,944$17,435$16,946$16,475$16,021$14,735
4 years$13,324$12,817$12,332$11,869$11,426$10,190
5 years$10,552$10,049$9,570$9,117$8,686$7,503
6 years$8,705$8,205$7,734$7,291$6,873$5,745
7 years$7,387$6,891$6,427$5,994$5,589$4,516
8 years$6,398$5,907$5,451$5,028$4,637$3,618
9 years$5,630$5,143$4,695$4,283$3,905$2,939
10 years$5,015$4,533$4,093$3,692$3,327$2,413
11 years$4,513$4,036$3,603$3,213$2,862$1,998
12 years$4,094$3,622$3,198$2,818$2,480$1,666
13 years$3,741$3,273$2,857$2,488$2,162$1,396
14 years$3,438$2,975$2,567$2,209$1,896$1,175
15 years$3,175$2,718$2,318$1,970$1,669$993
16 years$2,946$2,494$2,101$1,764$1,475$841
17 years$2,744$2,297$1,912$1,585$1,308$714
18 years$2,565$2,122$1,746$1,428$1,163$608
19 years$2,404$1,967$1,598$1,290$1,037$519
20 years$2,260$1,828$1,467$1,169$926$443
21 years$2,130$1,702$1,349$1,061$829$379
22 years$2,012$1,589$1,243$964$743$324
23 years$1,904$1,486$1,148$878$667$278
24 years$1,805$1,393$1,062$801$599$238
25 years$1,714$1,307$983$732$539$204
26 years$1,631$1,228$912$669$486$175
27 years$1,554$1,156$847$612$438$151
28 years$1,482$1,089$787$561$395$129
29 years$1,416$1,028$733$514$357$111
30 years$1,354$970$682$472$322$96
31 years$1,296$917$636$434$291$82
32 years$1,242$868$594$398$264$71
33 years$1,191$822$554$366$239$61
34 years$1,143$779$518$337$216$52
35 years$1,098$739$484$310$196$45
36 years$1,056$701$453$286$177$39
37 years$1,016$666$424$263$161$33
38 years$979$633$397$243$146$29
39 years$943$602$372$224$132$25
40 years$909$573$349$206$120$21
41 years$877$545$327$190$109$18
42 years$847$519$307$176$99$16
43 years$818$495$288$162$90$14
44 years$790$472$270$150$81$12
45 years$764$450$254$138$74$10
46 years$739$429$238$128$67$9
47 years$715$409$224$118$61$7
48 years$692$391$210$109$55$6
49 years$670$373$198$101$50$6
50 years$649$357$186$93$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $665,000, adding $4,111 every year, while hoping to spend $34,468 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: 71/24/5 Blend
55$665,000$665,000$665,000$665,000
56$737,070$701,825$691,518$788,760
57$775,578$699,541$678,010$821,129
58$816,858$695,990$662,895$851,851
59$861,157$691,073$646,081$884,507
60$908,745$684,686$627,475$919,277
61$959,920$676,718$606,978$956,361
62$1,015,006$667,052$584,486$995,978
63$1,074,363$655,563$559,892$1,038,372
64$1,138,382$642,120$533,083$1,083,812
65$1,207,496$626,582$503,940$1,132,594
66$1,282,179$608,803$472,340$1,185,045
67$1,362,952$588,626$438,155$1,241,528
68$1,450,389$565,884$401,249$1,302,444
69$1,545,120$540,404$361,482$1,368,232
70$1,647,837$511,998$318,706$1,439,382
71$1,759,302$480,472$272,769$1,516,433
72$1,880,354$445,618$223,509$1,599,979
73$2,011,913$407,216$170,760$1,690,677
74$2,154,994$365,036$114,346$1,789,255
75$2,310,711$318,831$54,085$1,896,513
76$2,480,293$268,343$0$2,013,337
77$2,665,090$213,299$0$2,141,251
78$2,866,589$153,410$0$2,283,903
79$3,086,424$88,370$0$2,439,608
80$3,326,397$17,858$0$2,609,694
81$3,588,490$0$0$2,795,625
82$3,874,884$0$0$3,014,461
83$4,187,982$0$0$3,258,889
84$4,530,429$0$0$3,526,263
85$4,905,137$0$0$3,818,861
86$5,315,311$0$0$4,139,191
87$5,764,484$0$0$4,490,015
88$6,256,543$0$0$4,874,375
89$6,795,771$0$0$5,295,620
90$7,386,884$0$0$5,757,440
91$8,035,075$0$0$6,263,898
92$8,746,066$0$0$6,819,470
93$9,526,157$0$0$7,429,085
94$10,382,289$0$0$8,098,172
95$11,322,107$0$0$8,832,713
96$12,354,033$0$0$9,639,296
97$13,487,343$0$0$10,525,178
98$14,732,257$0$0$11,498,354
99$16,100,031$0$0$12,567,632
100$17,603,069$0$0$13,742,714