Can I retire at age 56 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,319$55,817$55,328$54,850$54,384$53,090
2 years$27,881$27,361$26,858$26,370$25,897$24,602
3 years$18,402$17,881$17,379$16,896$16,430$15,173
4 years$13,664$13,144$12,647$12,172$11,718$10,509
5 years$10,822$10,305$9,815$9,350$8,908$7,750
6 years$8,928$8,415$7,932$7,477$7,049$5,944
7 years$7,576$7,067$6,591$6,147$5,732$4,680
8 years$6,562$6,058$5,590$5,157$4,756$3,756
9 years$5,774$5,274$4,815$4,392$4,005$3,057
10 years$5,143$4,649$4,198$3,786$3,412$2,515
11 years$4,628$4,139$3,696$3,295$2,935$2,086
12 years$4,199$3,715$3,280$2,890$2,543$1,742
13 years$3,836$3,357$2,930$2,552$2,218$1,463
14 years$3,526$3,051$2,633$2,265$1,944$1,234
15 years$3,257$2,788$2,377$2,020$1,712$1,045
16 years$3,022$2,558$2,155$1,809$1,513$887
17 years$2,814$2,355$1,961$1,625$1,341$755
18 years$2,630$2,177$1,790$1,465$1,193$644
19 years$2,466$2,017$1,639$1,323$1,063$551
20 years$2,318$1,874$1,504$1,199$950$471
21 years$2,184$1,746$1,383$1,088$850$404
22 years$2,063$1,630$1,275$989$762$346
23 years$1,952$1,524$1,177$901$684$298
24 years$1,851$1,428$1,089$822$615$256
25 years$1,758$1,340$1,008$750$553$220
26 years$1,673$1,260$935$686$498$189
27 years$1,593$1,185$868$628$449$163
28 years$1,520$1,117$807$575$405$140
29 years$1,452$1,054$751$528$366$121
30 years$1,388$995$700$484$331$104
31 years$1,329$941$652$445$299$90
32 years$1,273$890$609$409$270$77
33 years$1,221$843$568$376$245$67
34 years$1,172$799$531$346$222$58
35 years$1,127$758$497$318$201$50
36 years$1,083$719$464$293$182$43
37 years$1,042$683$435$270$165$37
38 years$1,004$649$407$249$149$32
39 years$967$617$381$230$135$28
40 years$932$587$358$212$123$24
41 years$900$559$335$195$111$21
42 years$868$533$314$180$101$18
43 years$839$507$295$166$92$15
44 years$810$484$277$154$83$13
45 years$783$461$260$142$76$11
46 years$758$440$244$131$69$10
47 years$733$420$229$121$62$9
48 years$710$401$216$112$57$7
49 years$687$383$203$103$51$6
50 years$666$366$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $682,000, adding $4,866 every year, while hoping to spend $43,818 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: 76/10/14 Blend
55$682,000$682,000$682,000$682,000
56$756,583$720,437$709,866$811,501
57$787,133$709,117$687,025$837,093
58$819,330$695,773$661,950$859,158
59$853,296$680,260$634,519$882,141
60$889,164$662,425$604,608$906,119
61$927,079$642,104$572,082$931,176
62$967,199$619,125$536,805$957,407
63$1,009,696$593,304$498,630$984,916
64$1,054,758$564,450$457,408$1,013,820
65$1,102,593$532,357$412,980$1,044,247
66$1,153,424$496,810$365,182$1,076,338
67$1,207,499$457,579$313,841$1,110,252
68$1,265,086$414,423$258,778$1,146,163
69$1,326,482$367,087$199,804$1,184,265
70$1,392,010$315,300$136,724$1,224,772
71$1,462,023$258,779$69,332$1,267,921
72$1,536,911$197,220$0$1,313,975
73$1,617,099$130,307$0$1,363,613
74$1,703,054$57,703$0$1,427,847
75$1,795,288$0$0$1,496,701
76$1,894,363$0$0$1,572,912
77$2,000,897$0$0$1,661,706
78$2,115,567$0$0$1,757,300
79$2,239,115$0$0$1,860,317
80$2,372,361$0$0$1,971,441
81$2,516,200$0$0$2,091,422
82$2,671,620$0$0$2,221,087
83$2,839,703$0$0$2,361,342
84$3,021,642$0$0$2,513,184
85$3,218,745$0$0$2,677,711
86$3,432,454$0$0$2,856,128
87$3,664,350$0$0$3,049,759
88$3,916,176$0$0$3,260,064
89$4,189,848$0$0$3,488,645
90$4,487,472$0$0$3,737,267
91$4,811,366$0$0$4,007,871
92$5,164,083$0$0$4,302,593
93$5,548,428$0$0$4,623,784
94$5,967,491$0$0$4,974,029
95$6,424,672$0$0$5,356,175
96$6,923,713$0$0$5,773,356
97$7,468,733$0$0$6,229,022
98$8,064,268$0$0$6,726,969
99$8,715,310$0$0$7,271,379
100$9,427,355$0$0$7,866,853