Can I retire at age 56 with 682,000?

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 $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%14.7%
1 years$56,319$55,817$55,328$54,850$54,384$53,329
2 years$27,881$27,361$26,858$26,370$25,897$24,839
3 years$18,402$17,881$17,379$16,896$16,430$15,401
4 years$13,664$13,144$12,647$12,172$11,718$10,727
5 years$10,822$10,305$9,815$9,350$8,908$7,957
6 years$8,928$8,415$7,932$7,477$7,049$6,138
7 years$7,576$7,067$6,591$6,147$5,732$4,864
8 years$6,562$6,058$5,590$5,157$4,756$3,928
9 years$5,774$5,274$4,815$4,392$4,005$3,218
10 years$5,143$4,649$4,198$3,786$3,412$2,665
11 years$4,628$4,139$3,696$3,295$2,935$2,227
12 years$4,199$3,715$3,280$2,890$2,543$1,873
13 years$3,836$3,357$2,930$2,552$2,218$1,585
14 years$3,526$3,051$2,633$2,265$1,944$1,347
15 years$3,257$2,788$2,377$2,020$1,712$1,149
16 years$3,022$2,558$2,155$1,809$1,513$983
17 years$2,814$2,355$1,961$1,625$1,341$844
18 years$2,630$2,177$1,790$1,465$1,193$725
19 years$2,466$2,017$1,639$1,323$1,063$625
20 years$2,318$1,874$1,504$1,199$950$539
21 years$2,184$1,746$1,383$1,088$850$466
22 years$2,063$1,630$1,275$989$762$403
23 years$1,952$1,524$1,177$901$684$349
24 years$1,851$1,428$1,089$822$615$303
25 years$1,758$1,340$1,008$750$553$263
26 years$1,673$1,260$935$686$498$228
27 years$1,593$1,185$868$628$449$198
28 years$1,520$1,117$807$575$405$172
29 years$1,452$1,054$751$528$366$150
30 years$1,388$995$700$484$331$130
31 years$1,329$941$652$445$299$113
32 years$1,273$890$609$409$270$99
33 years$1,221$843$568$376$245$86
34 years$1,172$799$531$346$222$75
35 years$1,127$758$497$318$201$65
36 years$1,083$719$464$293$182$57
37 years$1,042$683$435$270$165$49
38 years$1,004$649$407$249$149$43
39 years$967$617$381$230$135$37
40 years$932$587$358$212$123$33
41 years$900$559$335$195$111$28
42 years$868$533$314$180$101$25
43 years$839$507$295$166$92$22
44 years$810$484$277$154$83$19
45 years$783$461$260$142$76$16
46 years$758$440$244$131$69$14
47 years$733$420$229$121$62$12
48 years$710$401$216$112$57$11
49 years$687$383$203$103$51$9
50 years$666$366$191$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $682,000, adding $2,667 every year, while hoping to spend $48,292 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: 63/32/5 Blend
55$682,000$682,000$682,000$682,000
56$754,315$718,169$707,598$801,106
57$779,873$701,977$679,920$816,403
58$806,419$683,373$649,697$827,158
59$834,003$662,188$616,791$837,633
60$862,679$638,243$581,061$847,798
61$892,504$611,348$542,358$857,621
62$923,538$581,302$500,526$867,069
63$955,847$547,895$455,402$876,108
64$989,503$510,901$406,817$884,704
65$1,024,581$470,084$354,594$892,821
66$1,061,162$425,191$298,547$900,422
67$1,099,334$375,960$238,482$907,468
68$1,139,194$322,109$174,198$913,922
69$1,180,842$263,343$105,485$919,746
70$1,224,390$199,349$32,121$924,898
71$1,269,958$129,797$0$929,342
72$1,317,675$54,339$0$935,499
73$1,367,682$0$0$942,858
74$1,420,131$0$0$959,324
75$1,475,188$0$0$996,710
76$1,533,032$0$0$1,036,003
77$1,593,858$0$0$1,077,341
78$1,657,879$0$0$1,120,868
79$1,725,326$0$0$1,166,744
80$1,796,450$0$0$1,215,144
81$1,871,526$0$0$1,266,256
82$1,950,852$0$0$1,320,288
83$2,034,756$0$0$1,377,464
84$2,123,592$0$0$1,438,031
85$2,217,750$0$0$1,502,258
86$2,317,656$0$0$1,570,439
87$2,423,773$0$0$1,642,895
88$2,536,610$0$0$1,719,979
89$2,656,723$0$0$1,802,074
90$2,784,721$0$0$1,889,603
91$2,921,271$0$0$1,983,027
92$3,067,103$0$0$2,082,852
93$3,223,017$0$0$2,189,632
94$3,389,892$0$0$2,303,975
95$3,568,688$0$0$2,426,547
96$3,760,462$0$0$2,558,080
97$3,966,372$0$0$2,699,377
98$4,187,689$0$0$2,851,317
99$4,425,807$0$0$3,014,868
100$4,682,259$0$0$3,191,092