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%19.4%
1 years$54,915$54,426$53,949$53,483$53,028$51,025
2 years$27,186$26,679$26,189$25,713$25,251$23,257
3 years$17,944$17,435$16,946$16,475$16,021$14,097
4 years$13,324$12,817$12,332$11,869$11,426$9,588
5 years$10,552$10,049$9,570$9,117$8,686$6,938
6 years$8,705$8,205$7,734$7,291$6,873$5,217
7 years$7,387$6,891$6,427$5,994$5,589$4,025
8 years$6,398$5,907$5,451$5,028$4,637$3,162
9 years$5,630$5,143$4,695$4,283$3,905$2,517
10 years$5,015$4,533$4,093$3,692$3,327$2,025
11 years$4,513$4,036$3,603$3,213$2,862$1,641
12 years$4,094$3,622$3,198$2,818$2,480$1,338
13 years$3,741$3,273$2,857$2,488$2,162$1,097
14 years$3,438$2,975$2,567$2,209$1,896$902
15 years$3,175$2,718$2,318$1,970$1,669$745
16 years$2,946$2,494$2,101$1,764$1,475$616
17 years$2,744$2,297$1,912$1,585$1,308$511
18 years$2,565$2,122$1,746$1,428$1,163$424
19 years$2,404$1,967$1,598$1,290$1,037$353
20 years$2,260$1,828$1,467$1,169$926$294
21 years$2,130$1,702$1,349$1,061$829$245
22 years$2,012$1,589$1,243$964$743$204
23 years$1,904$1,486$1,148$878$667$171
24 years$1,805$1,393$1,062$801$599$142
25 years$1,714$1,307$983$732$539$119
26 years$1,631$1,228$912$669$486$99
27 years$1,554$1,156$847$612$438$83
28 years$1,482$1,089$787$561$395$70
29 years$1,416$1,028$733$514$357$58
30 years$1,354$970$682$472$322$49
31 years$1,296$917$636$434$291$41
32 years$1,242$868$594$398$264$34
33 years$1,191$822$554$366$239$29
34 years$1,143$779$518$337$216$24
35 years$1,098$739$484$310$196$20
36 years$1,056$701$453$286$177$17
37 years$1,016$666$424$263$161$14
38 years$979$633$397$243$146$12
39 years$943$602$372$224$132$10
40 years$909$573$349$206$120$8
41 years$877$545$327$190$109$7
42 years$847$519$307$176$99$6
43 years$818$495$288$162$90$5
44 years$790$472$270$150$81$4
45 years$764$450$254$138$74$3
46 years$739$429$238$128$67$3
47 years$715$409$224$118$61$2
48 years$692$391$210$109$55$2
49 years$670$373$198$101$50$2
50 years$649$357$186$93$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $665,000, adding $4,049 every year, while hoping to spend $31,010 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: 72/19/9 Blend
55$665,000$665,000$665,000$665,000
56$737,007$701,762$691,454$788,596
57$779,187$703,153$681,623$824,614
58$824,630$703,574$670,424$859,802
59$873,637$702,944$657,777$897,476
60$926,536$701,176$643,601$937,872
61$983,690$698,182$627,810$981,253
62$1,045,498$693,864$610,312$1,027,906
63$1,112,396$688,120$591,015$1,078,151
64$1,184,866$680,844$569,820$1,132,337
65$1,263,437$671,919$546,623$1,190,852
66$1,348,689$661,226$521,317$1,254,124
67$1,441,264$648,634$493,790$1,322,624
68$1,541,864$634,008$463,923$1,396,873
69$1,651,263$617,204$431,593$1,477,444
70$1,770,313$598,068$396,673$1,564,970
71$1,899,951$576,439$359,027$1,660,151
72$2,041,208$552,146$318,516$1,763,757
73$2,195,217$525,008$274,993$1,876,639
74$2,363,229$494,832$228,304$1,999,735
75$2,546,616$461,417$178,291$2,134,081
76$2,746,893$424,549$124,786$2,280,820
77$2,965,725$384,000$67,615$2,441,211
78$3,204,945$339,532$6,596$2,616,645
79$3,466,572$290,892$0$2,808,655
80$3,752,828$237,812$0$3,024,554
81$4,066,162$180,010$0$3,261,630
82$4,409,268$117,188$0$3,521,327
83$4,785,114$49,031$0$3,805,938
84$5,196,969$0$0$4,117,989
85$5,648,431$0$0$4,465,450
86$6,143,466$0$0$4,857,719
87$6,686,440$0$0$5,288,008
88$7,282,162$0$0$5,760,133
89$7,935,929$0$0$6,278,297
90$8,653,576$0$0$6,847,128
91$9,441,531$0$0$7,471,725
92$10,306,875$0$0$8,157,707
93$11,257,405$0$0$8,911,261
94$12,301,716$0$0$9,739,203
95$13,449,272$0$0$10,649,044
96$14,710,502$0$0$11,649,056
97$16,096,893$0$0$12,748,355
98$17,621,103$0$0$13,956,981
99$19,297,075$0$0$15,285,999
100$21,140,173$0$0$16,747,597