Can I retire at age 56 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$51,612$51,152$50,704$50,266$49,838$48,713
2 years$25,550$25,075$24,613$24,166$23,733$22,605
3 years$16,864$16,387$15,927$15,484$15,057$13,962
4 years$12,522$12,046$11,590$11,155$10,739$9,685
5 years$9,918$9,444$8,995$8,568$8,163$7,154
6 years$8,182$7,712$7,269$6,852$6,459$5,495
7 years$6,942$6,476$6,041$5,633$5,253$4,334
8 years$6,013$5,551$5,123$4,726$4,358$3,484
9 years$5,291$4,834$4,412$4,025$3,670$2,841
10 years$4,714$4,261$3,847$3,470$3,127$2,341
11 years$4,241$3,793$3,387$3,020$2,689$1,946
12 years$3,848$3,404$3,006$2,649$2,331$1,629
13 years$3,516$3,076$2,685$2,338$2,032$1,370
14 years$3,231$2,796$2,413$2,076$1,782$1,158
15 years$2,984$2,555$2,178$1,851$1,569$983
16 years$2,769$2,344$1,975$1,658$1,386$836
17 years$2,579$2,159$1,797$1,489$1,229$713
18 years$2,410$1,995$1,641$1,342$1,093$610
19 years$2,260$1,849$1,502$1,213$974$522
20 years$2,124$1,718$1,378$1,098$870$448
21 years$2,002$1,600$1,268$997$779$385
22 years$1,891$1,494$1,168$906$698$331
23 years$1,789$1,397$1,079$825$627$285
24 years$1,697$1,309$998$753$563$245
25 years$1,611$1,228$924$688$507$212
26 years$1,533$1,154$857$629$456$182
27 years$1,460$1,086$796$575$412$157
28 years$1,393$1,024$740$527$371$136
29 years$1,330$966$689$483$335$117
30 years$1,272$912$641$444$303$101
31 years$1,218$862$598$408$274$88
32 years$1,167$816$558$375$248$76
33 years$1,119$773$521$344$224$66
34 years$1,074$732$487$317$203$57
35 years$1,032$695$455$292$184$49
36 years$993$659$426$269$167$42
37 years$955$626$398$248$151$37
38 years$920$595$373$228$137$32
39 years$886$566$350$210$124$27
40 years$854$538$328$194$113$24
41 years$824$512$307$179$102$21
42 years$796$488$288$165$93$18
43 years$768$465$270$153$84$15
44 years$743$443$254$141$76$13
45 years$718$423$238$130$69$12
46 years$694$403$224$120$63$10
47 years$672$385$210$111$57$9
48 years$650$367$198$103$52$7
49 years$630$351$186$95$47$6
50 years$610$335$175$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $625,000, adding $5,363 every year, while hoping to spend $24,004 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: 77/11/12 Blend
55$625,000$625,000$625,000$625,000
56$694,282$661,157$651,469$745,726
57$739,559$668,014$647,754$787,208
58$788,649$674,402$643,109$829,095
59$841,917$680,273$637,478$874,347
60$899,762$685,576$630,804$923,290
61$962,624$690,256$623,022$976,284
62$1,030,988$694,254$614,069$1,033,724
63$1,105,385$697,509$603,877$1,096,047
64$1,186,401$699,954$592,374$1,163,734
65$1,274,682$701,520$579,486$1,237,314
66$1,370,936$702,131$565,136$1,317,371
67$1,475,945$701,708$549,241$1,404,548
68$1,590,567$700,168$531,717$1,499,555
69$1,715,750$697,421$512,474$1,603,174
70$1,852,534$693,372$491,419$1,716,264
71$2,002,065$687,920$468,454$1,839,777
72$2,165,607$680,959$443,479$1,974,757
73$2,344,549$672,377$416,386$2,122,359
74$2,540,422$662,052$387,063$2,283,853
75$2,754,911$649,858$355,396$2,460,641
76$2,989,871$635,661$321,261$2,654,267
77$3,247,348$619,318$284,533$2,866,432
78$3,529,591$600,678$245,079$3,099,014
79$3,839,080$579,582$202,759$3,354,081
80$4,178,545$555,860$157,430$3,633,911
81$4,550,993$529,334$108,941$3,941,019
82$4,959,738$499,815$57,134$4,278,173
83$5,408,428$467,102$1,845$4,648,426
84$5,901,082$430,985$0$5,055,144
85$6,442,128$391,239$0$5,509,353
86$7,036,444$347,629$0$6,008,553
87$7,689,403$299,904$0$6,557,036
88$8,406,923$247,800$0$7,159,795
89$9,195,526$191,040$0$7,822,330
90$10,062,396$129,327$0$8,550,705
91$11,015,449$62,352$0$9,351,599
92$12,063,403$0$0$10,232,374
93$13,215,866$0$0$11,202,377
94$14,483,424$0$0$12,277,578
95$15,877,738$0$0$13,460,326
96$17,411,658$0$0$14,761,522
97$19,099,341$0$0$16,193,180
98$20,956,386$0$0$17,768,535
99$22,999,980$0$0$19,502,172
100$25,249,061$0$0$21,410,159