Can I retire at age 56 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$56,649$56,145$55,652$55,172$54,703$52,553
2 years$28,044$27,522$27,016$26,525$26,049$23,909
3 years$18,510$17,986$17,481$16,995$16,526$14,465
4 years$13,744$13,222$12,722$12,244$11,787$9,818
5 years$10,886$10,366$9,873$9,404$8,960$7,090
6 years$8,980$8,464$7,978$7,521$7,090$5,319
7 years$7,620$7,108$6,630$6,183$5,766$4,094
8 years$6,600$6,093$5,623$5,187$4,783$3,209
9 years$5,807$5,305$4,843$4,418$4,028$2,549
10 years$5,174$4,676$4,222$3,808$3,432$2,045
11 years$4,655$4,163$3,717$3,315$2,952$1,653
12 years$4,224$3,737$3,299$2,907$2,558$1,344
13 years$3,859$3,377$2,947$2,567$2,231$1,099
14 years$3,546$3,069$2,648$2,278$1,955$901
15 years$3,276$2,804$2,391$2,032$1,722$742
16 years$3,039$2,573$2,168$1,819$1,522$612
17 years$2,831$2,369$1,973$1,635$1,349$506
18 years$2,646$2,189$1,801$1,473$1,200$419
19 years$2,480$2,029$1,648$1,331$1,069$347
20 years$2,331$1,885$1,513$1,206$955$288
21 years$2,197$1,756$1,392$1,094$855$240
22 years$2,075$1,639$1,283$995$766$199
23 years$1,964$1,533$1,184$906$688$166
24 years$1,862$1,437$1,095$826$618$138
25 years$1,769$1,348$1,014$755$556$115
26 years$1,682$1,267$941$690$501$96
27 years$1,603$1,192$874$632$452$80
28 years$1,529$1,124$812$579$408$67
29 years$1,460$1,060$756$531$368$56
30 years$1,396$1,001$704$487$333$46
31 years$1,337$946$656$447$301$39
32 years$1,281$895$612$411$272$32
33 years$1,229$848$572$378$246$27
34 years$1,179$804$534$348$223$22
35 years$1,133$762$499$320$202$19
36 years$1,090$724$467$295$183$16
37 years$1,048$687$437$272$166$13
38 years$1,010$653$409$250$150$11
39 years$973$621$384$231$136$9
40 years$938$591$360$213$124$8
41 years$905$562$337$196$112$6
42 years$873$536$316$181$102$5
43 years$844$510$297$167$92$4
44 years$815$486$279$155$84$4
45 years$788$464$262$143$76$3
46 years$762$443$246$132$69$3
47 years$737$422$231$122$63$2
48 years$714$403$217$113$57$2
49 years$691$385$204$104$52$1
50 years$670$368$192$96$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $686,000, adding $3,766 every year, while hoping to spend $22,382 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: 36/37/27 Blend
55$686,000$686,000$686,000$686,000
56$759,857$723,499$712,866$780,935
57$813,548$735,136$712,932$808,541
58$871,965$746,593$712,251$836,021
59$935,567$757,838$710,773$865,255
60$1,004,859$768,836$708,448$896,415
61$1,080,395$779,549$705,221$929,692
62$1,162,786$789,938$701,037$965,297
63$1,252,706$799,960$695,837$1,003,465
64$1,350,893$809,570$689,559$1,044,453
65$1,458,164$818,718$682,139$1,088,549
66$1,575,415$827,353$673,509$1,136,070
67$1,703,633$835,420$663,598$1,187,366
68$1,843,908$842,859$652,332$1,242,824
69$1,997,435$849,608$639,633$1,302,875
70$2,165,533$855,599$625,421$1,367,992
71$2,349,655$860,760$609,610$1,438,699
72$2,551,399$865,017$592,111$1,515,579
73$2,772,526$868,287$572,832$1,599,270
74$3,014,977$870,486$551,675$1,690,483
75$3,280,886$871,522$528,538$1,790,002
76$3,572,607$871,297$503,314$1,898,692
77$3,892,732$869,709$475,894$2,017,510
78$4,244,114$866,649$446,160$2,147,514
79$4,629,898$861,999$413,991$2,289,874
80$5,053,549$855,638$379,261$2,445,879
81$5,518,881$847,434$341,836$2,616,956
82$6,030,097$837,249$301,578$2,804,680
83$6,591,829$824,936$258,343$3,010,790
84$7,209,177$810,340$211,979$3,237,209
85$7,887,762$793,295$162,329$3,486,058
86$8,633,775$773,628$109,228$3,759,679
87$9,454,037$751,153$52,504$4,060,660
88$10,356,064$725,674$0$4,391,855
89$11,348,135$696,985$0$4,758,730
90$12,439,374$664,867$0$5,178,745
91$13,639,832$629,087$0$5,640,654
92$14,960,584$589,401$0$6,148,756
93$16,413,830$545,549$0$6,707,790
94$18,013,017$497,257$0$7,322,983
95$19,772,958$444,235$0$8,000,099
96$21,709,975$386,178$0$8,745,494
97$23,842,053$322,762$0$9,566,178
98$26,189,010$253,644$0$10,469,878
99$28,772,681$178,464$0$11,465,116
100$31,617,126$96,841$0$12,561,291