Can I retire at age 56 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,842$53,362$52,894$52,437$51,991$50,570
2 years$26,654$26,158$25,677$25,210$24,758$23,337
3 years$17,593$17,094$16,615$16,152$15,707$14,330
4 years$13,063$12,566$12,091$11,637$11,203$9,880
5 years$10,346$9,852$9,383$8,938$8,516$7,252
6 years$8,535$8,045$7,583$7,148$6,738$5,534
7 years$7,242$6,756$6,302$5,877$5,480$4,336
8 years$6,273$5,791$5,344$4,930$4,546$3,461
9 years$5,520$5,042$4,603$4,199$3,829$2,801
10 years$4,917$4,445$4,013$3,620$3,262$2,292
11 years$4,425$3,957$3,533$3,150$2,806$1,890
12 years$4,014$3,551$3,135$2,763$2,431$1,570
13 years$3,668$3,209$2,801$2,439$2,120$1,310
14 years$3,371$2,917$2,517$2,165$1,858$1,098
15 years$3,113$2,665$2,272$1,931$1,636$924
16 years$2,889$2,445$2,060$1,729$1,446$780
17 years$2,690$2,252$1,875$1,554$1,282$659
18 years$2,515$2,081$1,711$1,400$1,140$559
19 years$2,357$1,928$1,567$1,265$1,016$474
20 years$2,216$1,792$1,438$1,146$908$403
21 years$2,088$1,669$1,323$1,040$812$343
22 years$1,972$1,558$1,219$946$728$292
23 years$1,867$1,457$1,126$861$654$249
24 years$1,770$1,365$1,041$785$587$213
25 years$1,681$1,281$964$717$529$182
26 years$1,599$1,204$894$656$476$155
27 years$1,523$1,133$830$600$429$133
28 years$1,453$1,068$772$550$387$113
29 years$1,388$1,007$718$504$350$97
30 years$1,327$951$669$463$316$83
31 years$1,270$899$624$425$286$71
32 years$1,217$851$582$391$258$61
33 years$1,168$806$543$359$234$52
34 years$1,121$764$508$331$212$45
35 years$1,077$725$475$304$192$38
36 years$1,036$688$444$280$174$33
37 years$996$653$416$258$158$28
38 years$959$621$389$238$143$24
39 years$925$590$365$219$130$21
40 years$891$562$342$202$117$18
41 years$860$535$320$187$107$15
42 years$830$509$301$172$97$13
43 years$802$485$282$159$88$11
44 years$775$462$265$147$80$9
45 years$749$441$249$136$72$8
46 years$724$421$234$125$66$7
47 years$701$401$219$116$60$6
48 years$679$383$206$107$54$5
49 years$657$366$194$99$49$4
50 years$637$350$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $652,000, adding $4,659 every year, while hoping to spend $31,826 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: 34/42/24 Blend
55$652,000$652,000$652,000$652,000
56$723,310$688,754$678,648$742,488
57$763,225$688,640$667,520$757,081
58$806,144$687,454$654,952$769,590
59$852,342$685,110$640,864$782,442
60$902,116$681,516$625,168$795,686
61$955,797$676,575$607,776$809,383
62$1,013,745$670,184$588,594$823,598
63$1,076,359$662,235$567,524$838,408
64$1,144,074$652,611$544,462$853,901
65$1,217,371$641,191$519,303$870,176
66$1,296,778$627,844$491,935$887,345
67$1,382,873$612,432$462,239$905,537
68$1,476,296$594,811$430,094$924,896
69$1,577,748$574,827$395,371$945,586
70$1,688,000$552,315$357,938$967,790
71$1,807,902$527,104$317,654$991,716
72$1,938,386$499,011$274,375$1,017,598
73$2,080,482$467,843$227,947$1,045,698
74$2,235,320$433,395$178,211$1,076,310
75$2,404,143$395,453$125,002$1,109,765
76$2,588,323$353,787$68,147$1,146,432
77$2,789,366$308,157$7,464$1,186,724
78$3,008,932$258,307$0$1,231,106
79$3,248,848$203,969$0$1,294,766
80$3,511,125$144,858$0$1,366,603
81$3,797,977$80,674$0$1,445,401
82$4,111,843$11,099$0$1,531,932
83$4,455,407$0$0$1,627,055
84$4,831,626$0$0$1,761,393
85$5,243,754$0$0$1,914,268
86$5,695,378$0$0$2,081,893
87$6,190,445$0$0$2,265,745
88$6,733,305$0$0$2,467,453
89$7,328,746$0$0$2,688,808
90$7,982,045$0$0$2,931,786
91$8,699,011$0$0$3,198,563
92$9,486,047$0$0$3,491,535
93$10,350,202$0$0$3,813,342
94$11,299,243$0$0$4,166,891
95$12,341,725$0$0$4,555,387
96$13,487,075$0$0$4,982,359
97$14,745,674$0$0$5,451,696
98$16,128,963$0$0$5,967,680
99$17,649,543$0$0$6,535,032
100$19,321,298$0$0$7,158,951