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 $6,323 every year, while hoping to spend $47,251 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: 37/49/14 Blend
55$686,000$686,000$686,000$686,000
56$762,494$726,136$715,503$787,233
57$789,994$711,442$689,198$790,861
58$818,715$694,444$660,428$789,777
59$848,732$674,980$629,060$787,581
60$880,126$652,878$594,957$784,198
61$912,984$627,954$557,973$779,549
62$947,400$600,015$517,957$773,551
63$983,478$568,859$474,752$766,118
64$1,021,328$534,269$428,191$757,161
65$1,061,071$496,016$378,103$746,587
66$1,102,839$453,858$324,308$734,299
67$1,146,773$407,542$266,617$720,197
68$1,193,029$356,797$204,834$704,178
69$1,241,775$301,337$138,753$686,134
70$1,293,196$240,863$68,161$665,955
71$1,347,492$175,055$0$643,526
72$1,404,881$103,578$0$619,802
73$1,465,602$26,076$0$604,527
74$1,529,916$0$0$587,421
75$1,598,107$0$0$599,575
76$1,670,485$0$0$627,448
77$1,747,391$0$0$657,115
78$1,829,197$0$0$688,726
79$1,916,309$0$0$722,447
80$2,009,174$0$0$758,456
81$2,108,279$0$0$796,951
82$2,214,160$0$0$838,148
83$2,327,401$0$0$882,284
84$2,448,646$0$0$929,620
85$2,578,600$0$0$980,440
86$2,718,034$0$0$1,035,058
87$2,867,798$0$0$1,093,817
88$3,028,823$0$0$1,157,095
89$3,202,130$0$0$1,225,306
90$3,388,842$0$0$1,298,906
91$3,590,191$0$0$1,378,394
92$3,807,533$0$0$1,464,321
93$4,042,354$0$0$1,557,289
94$4,296,290$0$0$1,657,965
95$4,571,139$0$0$1,767,077
96$4,868,875$0$0$1,885,428
97$5,191,673$0$0$2,013,902
98$5,541,921$0$0$2,153,469
99$5,922,245$0$0$2,305,197
100$6,335,537$0$0$2,470,262