Can I retire at age 56 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$56,319$55,817$55,328$54,850$54,384$53,905
2 years$27,881$27,361$26,858$26,370$25,897$25,415
3 years$18,402$17,881$17,379$16,896$16,430$15,960
4 years$13,664$13,144$12,647$12,172$11,718$11,262
5 years$10,822$10,305$9,815$9,350$8,908$8,468
6 years$8,928$8,415$7,932$7,477$7,049$6,626
7 years$7,576$7,067$6,591$6,147$5,732$5,327
8 years$6,562$6,058$5,590$5,157$4,756$4,367
9 years$5,774$5,274$4,815$4,392$4,005$3,633
10 years$5,143$4,649$4,198$3,786$3,412$3,057
11 years$4,628$4,139$3,696$3,295$2,935$2,596
12 years$4,199$3,715$3,280$2,890$2,543$2,220
13 years$3,836$3,357$2,930$2,552$2,218$1,910
14 years$3,526$3,051$2,633$2,265$1,944$1,652
15 years$3,257$2,788$2,377$2,020$1,712$1,434
16 years$3,022$2,558$2,155$1,809$1,513$1,250
17 years$2,814$2,355$1,961$1,625$1,341$1,092
18 years$2,630$2,177$1,790$1,465$1,193$957
19 years$2,466$2,017$1,639$1,323$1,063$841
20 years$2,318$1,874$1,504$1,199$950$740
21 years$2,184$1,746$1,383$1,088$850$652
22 years$2,063$1,630$1,275$989$762$575
23 years$1,952$1,524$1,177$901$684$508
24 years$1,851$1,428$1,089$822$615$450
25 years$1,758$1,340$1,008$750$553$398
26 years$1,673$1,260$935$686$498$353
27 years$1,593$1,185$868$628$449$313
28 years$1,520$1,117$807$575$405$278
29 years$1,452$1,054$751$528$366$247
30 years$1,388$995$700$484$331$219
31 years$1,329$941$652$445$299$195
32 years$1,273$890$609$409$270$173
33 years$1,221$843$568$376$245$154
34 years$1,172$799$531$346$222$137
35 years$1,127$758$497$318$201$122
36 years$1,083$719$464$293$182$109
37 years$1,042$683$435$270$165$97
38 years$1,004$649$407$249$149$86
39 years$967$617$381$230$135$77
40 years$932$587$358$212$123$68
41 years$900$559$335$195$111$61
42 years$868$533$314$180$101$54
43 years$839$507$295$166$92$48
44 years$810$484$277$154$83$43
45 years$783$461$260$142$76$38
46 years$758$440$244$131$69$34
47 years$733$420$229$121$62$31
48 years$710$401$216$112$57$27
49 years$687$383$203$103$51$24
50 years$666$366$191$96$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $682,000, adding $5,005 every year, while hoping to spend $29,015 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: 55/33/12 Blend
55$682,000$682,000$682,000$682,000
56$756,727$720,581$710,010$795,757
57$803,041$725,017$702,923$827,234
58$853,107$728,699$694,627$857,899
59$907,277$731,558$685,050$890,610
60$965,937$733,522$674,117$925,567
61$1,029,513$734,516$661,751$962,992
62$1,098,473$734,457$647,869$1,003,131
63$1,173,332$733,259$632,387$1,046,254
64$1,254,655$730,832$615,215$1,092,664
65$1,343,064$727,078$596,259$1,142,690
66$1,439,245$721,893$575,422$1,196,701
67$1,543,951$715,168$552,602$1,255,104
68$1,658,011$706,788$527,690$1,318,346
69$1,782,337$696,630$500,577$1,386,925
70$1,917,933$684,562$471,144$1,461,390
71$2,065,905$670,449$439,270$1,542,348
72$2,227,468$654,142$404,827$1,630,470
73$2,403,963$635,488$367,682$1,726,497
74$2,596,863$614,322$327,695$1,831,249
75$2,807,791$590,472$284,721$1,945,633
76$3,038,534$563,754$238,607$2,070,648
77$3,291,060$533,973$189,196$2,207,401
78$3,567,535$500,925$136,321$2,357,112
79$3,870,346$464,393$79,810$2,521,133
80$4,202,119$424,146$19,482$2,700,954
81$4,565,749$379,943$0$2,898,221
82$4,964,422$331,527$0$3,120,501
83$5,401,648$278,626$0$3,367,091
84$5,881,293$220,956$0$3,637,736
85$6,407,615$158,213$0$3,934,913
86$6,985,305$90,078$0$4,261,354
87$7,619,528$16,214$0$4,620,073
88$8,315,977$0$0$5,014,397
89$9,080,919$0$0$5,471,139
90$9,921,263$0$0$5,979,437
91$10,844,615$0$0$6,538,015
92$11,859,358$0$0$7,151,951
93$12,974,725$0$0$7,826,841
94$14,200,890$0$0$8,568,849
95$15,549,059$0$0$9,384,768
96$17,031,582$0$0$10,282,081
97$18,662,063$0$0$11,269,031
98$20,455,490$0$0$12,354,703
99$22,428,379$0$0$13,549,105
100$24,598,925$0$0$14,863,263