Can I retire at age 56 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$54,915$54,426$53,949$53,483$53,028$52,107
2 years$27,186$26,679$26,189$25,713$25,251$24,326
3 years$17,944$17,435$16,946$16,475$16,021$15,120
4 years$13,324$12,817$12,332$11,869$11,426$10,557
5 years$10,552$10,049$9,570$9,117$8,686$7,852
6 years$8,705$8,205$7,734$7,291$6,873$6,074
7 years$7,387$6,891$6,427$5,994$5,589$4,826
8 years$6,398$5,907$5,451$5,028$4,637$3,909
9 years$5,630$5,143$4,695$4,283$3,905$3,212
10 years$5,015$4,533$4,093$3,692$3,327$2,668
11 years$4,513$4,036$3,603$3,213$2,862$2,236
12 years$4,094$3,622$3,198$2,818$2,480$1,887
13 years$3,741$3,273$2,857$2,488$2,162$1,602
14 years$3,438$2,975$2,567$2,209$1,896$1,366
15 years$3,175$2,718$2,318$1,970$1,669$1,169
16 years$2,946$2,494$2,101$1,764$1,475$1,004
17 years$2,744$2,297$1,912$1,585$1,308$865
18 years$2,565$2,122$1,746$1,428$1,163$746
19 years$2,404$1,967$1,598$1,290$1,037$645
20 years$2,260$1,828$1,467$1,169$926$559
21 years$2,130$1,702$1,349$1,061$829$485
22 years$2,012$1,589$1,243$964$743$421
23 years$1,904$1,486$1,148$878$667$366
24 years$1,805$1,393$1,062$801$599$319
25 years$1,714$1,307$983$732$539$278
26 years$1,631$1,228$912$669$486$242
27 years$1,554$1,156$847$612$438$211
28 years$1,482$1,089$787$561$395$184
29 years$1,416$1,028$733$514$357$161
30 years$1,354$970$682$472$322$140
31 years$1,296$917$636$434$291$123
32 years$1,242$868$594$398$264$107
33 years$1,191$822$554$366$239$94
34 years$1,143$779$518$337$216$82
35 years$1,098$739$484$310$196$72
36 years$1,056$701$453$286$177$63
37 years$1,016$666$424$263$161$55
38 years$979$633$397$243$146$48
39 years$943$602$372$224$132$42
40 years$909$573$349$206$120$37
41 years$877$545$327$190$109$32
42 years$847$519$307$176$99$28
43 years$818$495$288$162$90$25
44 years$790$472$270$150$81$22
45 years$764$450$254$138$74$19
46 years$739$429$238$128$67$17
47 years$715$409$224$118$61$14
48 years$692$391$210$109$55$13
49 years$670$373$198$101$50$11
50 years$649$357$186$93$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $665,000, adding $4,298 every year, while hoping to spend $31,883 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: 72/16/12 Blend
55$665,000$665,000$665,000$665,000
56$737,263$702,018$691,711$788,209
57$778,541$702,494$680,960$822,978
58$822,960$701,924$668,780$856,708
59$870,808$700,225$655,090$892,783
60$922,400$697,305$639,805$931,429
61$978,080$693,069$622,834$972,893
62$1,038,231$687,415$604,086$1,017,448
63$1,103,269$680,237$583,461$1,065,395
64$1,173,654$671,421$560,859$1,117,068
65$1,249,891$660,844$536,171$1,172,834
66$1,332,534$648,380$509,287$1,233,097
67$1,422,194$633,892$480,090$1,298,305
68$1,519,542$617,237$448,458$1,368,951
69$1,625,317$598,263$414,263$1,445,579
70$1,740,331$576,809$377,371$1,528,792
71$1,865,476$552,705$337,645$1,619,251
72$2,001,737$525,770$294,939$1,717,690
73$2,150,195$495,813$249,100$1,824,914
74$2,312,041$462,633$199,970$1,941,817
75$2,488,584$426,018$147,384$2,069,381
76$2,681,267$385,740$91,169$2,208,690
77$2,891,678$341,563$31,145$2,360,944
78$3,121,563$293,234$0$2,527,462
79$3,372,848$240,487$0$2,713,917
80$3,647,649$183,042$0$2,922,232
81$3,948,299$120,601$0$3,150,215
82$4,277,366$52,851$0$3,399,852
83$4,637,678$0$0$3,673,330
84$5,032,348$0$0$3,976,677
85$5,464,805$0$0$4,319,297
86$5,938,827$0$0$4,694,878
87$6,458,572$0$0$5,106,722
88$7,028,622$0$0$5,558,463
89$7,654,022$0$0$6,054,103
90$8,340,330$0$0$6,598,052
91$9,093,668$0$0$7,195,166
92$9,920,779$0$0$7,850,795
93$10,829,091$0$0$8,570,833
94$11,826,788$0$0$9,361,771
95$12,922,883$0$0$10,230,762
96$14,127,307$0$0$11,185,683
97$15,451,001$0$0$12,235,215
98$16,906,017$0$0$13,388,919
99$18,505,633$0$0$14,657,332
100$20,264,479$0$0$16,052,058