Can I retire at age 56 with 636,000?

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 $636,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$52,520$52,052$51,596$51,151$50,716$50,354
2 years$26,000$25,516$25,047$24,592$24,150$23,785
3 years$17,161$16,675$16,207$15,756$15,322$14,965
4 years$12,743$12,258$11,794$11,351$10,928$10,582
5 years$10,092$9,610$9,153$8,719$8,307$7,974
6 years$8,326$7,848$7,397$6,973$6,573$6,252
7 years$7,065$6,590$6,147$5,733$5,346$5,037
8 years$6,119$5,649$5,213$4,809$4,435$4,139
9 years$5,384$4,919$4,490$4,096$3,735$3,451
10 years$4,796$4,335$3,914$3,531$3,182$2,911
11 years$4,316$3,860$3,446$3,073$2,737$2,478
12 years$3,916$3,464$3,058$2,695$2,372$2,125
13 years$3,578$3,131$2,733$2,380$2,068$1,833
14 years$3,288$2,846$2,455$2,112$1,813$1,589
15 years$3,037$2,600$2,217$1,884$1,596$1,384
16 years$2,818$2,385$2,010$1,687$1,411$1,209
17 years$2,624$2,197$1,829$1,516$1,251$1,060
18 years$2,453$2,030$1,669$1,366$1,112$931
19 years$2,299$1,881$1,528$1,234$991$820
20 years$2,162$1,748$1,403$1,118$885$724
21 years$2,037$1,628$1,290$1,014$792$640
22 years$1,924$1,520$1,189$922$710$566
23 years$1,821$1,422$1,098$840$638$502
24 years$1,726$1,332$1,015$766$573$445
25 years$1,640$1,250$940$700$516$395
26 years$1,560$1,175$872$640$465$352
27 years$1,486$1,106$810$586$419$313
28 years$1,418$1,042$753$537$378$278
29 years$1,354$983$701$492$341$248
30 years$1,295$928$653$452$308$221
31 years$1,239$877$608$415$279$197
32 years$1,188$830$568$381$252$176
33 years$1,139$786$530$350$228$157
34 years$1,093$745$495$322$207$140
35 years$1,051$707$463$297$187$125
36 years$1,010$671$433$273$170$112
37 years$972$637$405$252$154$100
38 years$936$605$380$232$139$89
39 years$902$576$356$214$126$80
40 years$870$548$333$197$115$71
41 years$839$521$313$182$104$64
42 years$810$497$293$168$94$57
43 years$782$473$275$155$86$51
44 years$756$451$258$143$78$46
45 years$731$430$243$132$71$41
46 years$707$410$228$122$64$37
47 years$684$392$214$113$58$33
48 years$662$374$201$104$53$29
49 years$641$357$189$96$48$26
50 years$621$341$178$89$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $636,000, adding $2,373 every year, while hoping to spend $36,456 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: 80/9/11 Blend
55$636,000$636,000$636,000$636,000
56$703,320$669,612$659,754$758,049
57$736,269$663,634$643,067$788,335
58$771,358$656,141$624,599$816,572
59$808,766$647,021$604,252$846,489
60$848,689$636,154$581,923$878,237
61$891,343$623,413$557,505$911,983
62$936,964$608,665$530,886$947,908
63$985,813$591,768$501,949$986,216
64$1,038,172$572,570$470,570$1,027,128
65$1,094,353$550,914$436,622$1,070,890
66$1,154,699$526,631$399,971$1,117,772
67$1,219,585$499,543$360,477$1,168,073
68$1,289,424$469,461$317,994$1,222,122
69$1,364,667$436,187$272,368$1,280,283
70$1,445,812$399,509$223,442$1,342,954
71$1,533,406$359,206$171,048$1,410,579
72$1,628,047$315,041$115,013$1,483,645
73$1,730,397$266,767$55,154$1,562,688
74$1,841,180$214,121$0$1,648,303
75$1,961,192$156,825$0$1,742,166
76$2,091,310$94,586$0$1,850,951
77$2,232,498$27,094$0$1,968,998
78$2,385,814$0$0$2,097,209
79$2,552,426$0$0$2,241,132
80$2,733,614$0$0$2,400,582
81$2,930,791$0$0$2,574,117
82$3,145,507$0$0$2,763,107
83$3,379,471$0$0$2,969,055
84$3,634,563$0$0$3,193,620
85$3,912,851$0$0$3,438,625
86$4,216,613$0$0$3,706,077
87$4,548,355$0$0$3,998,185
88$4,910,837$0$0$4,317,382
89$5,307,097$0$0$4,666,346
90$5,740,478$0$0$5,048,025
91$6,214,664$0$0$5,465,665
92$6,733,710$0$0$5,922,841
93$7,302,081$0$0$6,423,488
94$7,924,694$0$0$6,971,942
95$8,606,964$0$0$7,572,975
96$9,354,855$0$0$8,231,846
97$10,174,935$0$0$8,954,344
98$11,074,439$0$0$9,746,846
99$12,061,335$0$0$10,616,378
100$13,144,399$0$0$11,570,675