Can I retire at age 56 with 271,000?

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 $271,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$22,379$22,180$21,985$21,795$21,610$21,191
2 years$11,079$10,872$10,672$10,478$10,290$9,870
3 years$7,312$7,105$6,906$6,714$6,529$6,120
4 years$5,430$5,223$5,026$4,837$4,656$4,262
5 years$4,300$4,095$3,900$3,715$3,540$3,162
6 years$3,548$3,344$3,152$2,971$2,801$2,439
7 years$3,010$2,808$2,619$2,443$2,278$1,933
8 years$2,607$2,407$2,221$2,049$1,890$1,561
9 years$2,294$2,096$1,913$1,745$1,591$1,279
10 years$2,044$1,847$1,668$1,505$1,356$1,059
11 years$1,839$1,645$1,468$1,309$1,166$885
12 years$1,669$1,476$1,303$1,149$1,011$744
13 years$1,524$1,334$1,164$1,014$881$630
14 years$1,401$1,213$1,046$900$772$535
15 years$1,294$1,108$945$803$680$456
16 years$1,201$1,016$856$719$601$391
17 years$1,118$936$779$646$533$335
18 years$1,045$865$711$582$474$288
19 years$980$802$651$526$422$248
20 years$921$745$598$476$377$214
21 years$868$694$550$432$338$185
22 years$820$648$507$393$303$160
23 years$776$606$468$358$272$139
24 years$736$568$433$326$244$120
25 years$699$533$401$298$220$104
26 years$665$501$372$273$198$91
27 years$633$471$345$250$178$79
28 years$604$444$321$229$161$68
29 years$577$419$299$210$145$59
30 years$552$395$278$192$131$52
31 years$528$374$259$177$119$45
32 years$506$354$242$162$107$39
33 years$485$335$226$149$97$34
34 years$466$317$211$137$88$30
35 years$448$301$197$126$80$26
36 years$430$286$185$116$72$23
37 years$414$271$173$107$65$20
38 years$399$258$162$99$59$17
39 years$384$245$152$91$54$15
40 years$370$233$142$84$49$13
41 years$357$222$133$78$44$11
42 years$345$212$125$72$40$10
43 years$333$202$117$66$36$9
44 years$322$192$110$61$33$7
45 years$311$183$103$56$30$7
46 years$301$175$97$52$27$6
47 years$291$167$91$48$25$5
48 years$282$159$86$44$23$4
49 years$273$152$81$41$20$4
50 years$265$145$76$38$19$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $271,000, adding $5,870 every year, while hoping to spend $20,800 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: 34/41/25 Blend
55$271,000$271,000$271,000$271,000
56$304,697$290,334$286,133$312,581
57$313,645$282,429$273,588$311,072
58$322,809$273,440$259,925$307,153
59$332,188$263,291$245,085$302,514
60$341,782$251,904$229,006$297,103
61$351,590$239,193$211,624$290,868
62$361,608$225,070$192,870$283,753
63$371,835$209,441$172,674$275,696
64$382,265$192,207$150,961$266,634
65$392,893$173,262$127,655$256,501
66$403,712$152,495$102,675$245,225
67$414,712$129,789$75,937$232,731
68$425,884$105,019$47,352$218,938
69$437,214$78,056$16,828$203,762
70$448,689$48,760$0$187,114
71$460,291$16,985$0$173,097
72$472,001$0$0$162,476
73$483,794$0$0$158,537
74$495,646$0$0$162,262
75$507,525$0$0$165,974
76$519,398$0$0$169,661
77$531,225$0$0$173,306
78$542,962$0$0$176,894
79$554,559$0$0$180,403
80$565,960$0$0$183,812
81$577,101$0$0$187,097
82$587,911$0$0$190,229
83$598,310$0$0$193,179
84$608,208$0$0$195,911
85$617,505$0$0$198,388
86$626,090$0$0$200,565
87$633,836$0$0$202,396
88$640,605$0$0$203,827
89$646,240$0$0$204,798
90$650,570$0$0$205,244
91$653,402$0$0$205,092
92$654,521$0$0$204,260
93$653,690$0$0$202,658
94$650,646$0$0$200,186
95$645,095$0$0$196,733
96$636,712$0$0$192,175
97$625,137$0$0$186,377
98$609,971$0$0$179,188
99$590,772$0$0$170,440
100$567,050$0$0$159,948