Can I retire at age 56 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$56,236$55,735$55,247$54,770$54,304$53,670
2 years$27,840$27,321$26,819$26,332$25,859$25,221
3 years$18,375$17,855$17,354$16,871$16,406$15,783
4 years$13,644$13,125$12,629$12,155$11,701$11,099
5 years$10,806$10,290$9,801$9,336$8,895$8,315
6 years$8,915$8,403$7,920$7,466$7,038$6,481
7 years$7,564$7,057$6,582$6,138$5,724$5,190
8 years$6,552$6,049$5,582$5,149$4,749$4,238
9 years$5,765$5,267$4,808$4,386$3,999$3,511
10 years$5,136$4,642$4,191$3,781$3,407$2,942
11 years$4,621$4,133$3,690$3,290$2,930$2,487
12 years$4,193$3,709$3,275$2,886$2,539$2,118
13 years$3,831$3,352$2,926$2,548$2,214$1,814
14 years$3,521$3,047$2,629$2,262$1,941$1,562
15 years$3,252$2,783$2,374$2,017$1,709$1,350
16 years$3,017$2,554$2,152$1,806$1,511$1,170
17 years$2,810$2,352$1,958$1,623$1,339$1,018
18 years$2,626$2,173$1,788$1,462$1,191$887
19 years$2,462$2,014$1,636$1,321$1,061$775
20 years$2,315$1,872$1,502$1,197$948$679
21 years$2,181$1,743$1,381$1,086$848$595
22 years$2,060$1,627$1,273$988$761$522
23 years$1,950$1,522$1,176$899$683$459
24 years$1,849$1,426$1,087$820$614$404
25 years$1,756$1,338$1,007$749$552$356
26 years$1,670$1,258$934$685$497$314
27 years$1,591$1,184$867$627$448$277
28 years$1,518$1,115$806$574$405$244
29 years$1,450$1,052$750$527$365$215
30 years$1,386$994$699$483$330$190
31 years$1,327$939$651$444$298$168
32 years$1,272$889$608$408$270$149
33 years$1,220$842$568$375$244$132
34 years$1,171$798$530$345$221$116
35 years$1,125$757$496$318$200$103
36 years$1,082$718$464$293$182$91
37 years$1,041$682$434$270$165$81
38 years$1,002$648$407$249$149$71
39 years$966$616$381$229$135$63
40 years$931$587$357$211$123$56
41 years$898$558$335$195$111$50
42 years$867$532$314$180$101$44
43 years$837$507$295$166$92$39
44 years$809$483$277$153$83$34
45 years$782$461$260$142$76$31
46 years$757$439$244$131$69$27
47 years$732$419$229$121$62$24
48 years$709$400$215$112$57$21
49 years$686$382$202$103$51$19
50 years$665$365$190$95$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $681,000, adding $2,582 every year, while hoping to spend $52,214 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: 46/32/22 Blend
55$681,000$681,000$681,000$681,000
56$753,125$717,032$706,477$782,913
57$774,389$696,612$674,589$783,660
58$796,071$673,440$639,882$779,104
59$818,160$647,328$602,208$773,097
60$840,640$618,075$561,409$765,527
61$863,492$585,468$517,323$756,276
62$886,694$549,282$469,780$745,219
63$910,220$509,279$418,600$732,222
64$934,036$465,208$363,597$717,143
65$958,108$416,803$304,578$699,830
66$982,393$363,784$241,338$680,121
67$1,006,840$305,853$173,667$657,844
68$1,031,396$242,698$101,342$632,814
69$1,055,994$173,986$24,133$604,835
70$1,080,563$99,368$0$573,699
71$1,105,018$18,475$0$552,859
72$1,129,266$0$0$535,334
73$1,153,201$0$0$539,587
74$1,176,704$0$0$550,084
75$1,199,638$0$0$560,248
76$1,221,853$0$0$570,001
77$1,243,180$0$0$579,257
78$1,263,428$0$0$587,916
79$1,282,385$0$0$595,871
80$1,299,813$0$0$602,998
81$1,315,448$0$0$609,163
82$1,328,993$0$0$614,213
83$1,340,120$0$0$617,980
84$1,348,463$0$0$620,276
85$1,353,613$0$0$620,894
86$1,355,119$0$0$619,600
87$1,352,476$0$0$616,140
88$1,345,127$0$0$610,226
89$1,332,451$0$0$601,544
90$1,313,761$0$0$589,741
91$1,288,294$0$0$574,430
92$1,255,207$0$0$555,181
93$1,213,563$0$0$531,516
94$1,162,326$0$0$502,908
95$1,100,351$0$0$468,773
96$1,026,367$0$0$428,465
97$938,971$0$0$381,269
98$836,609$0$0$326,397
99$717,566$0$0$262,974
100$579,942$0$0$190,036