Can I retire at age 56 with 281,000?

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 $281,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$23,205$22,998$22,796$22,600$22,407$21,535
2 years$11,487$11,274$11,066$10,865$10,670$9,802
3 years$7,582$7,367$7,161$6,961$6,770$5,933
4 years$5,630$5,416$5,211$5,015$4,828$4,029
5 years$4,459$4,246$4,044$3,852$3,670$2,911
6 years$3,679$3,467$3,268$3,081$2,904$2,185
7 years$3,121$2,912$2,716$2,533$2,362$1,683
8 years$2,704$2,496$2,303$2,125$1,959$1,320
9 years$2,379$2,173$1,984$1,810$1,650$1,049
10 years$2,119$1,916$1,730$1,560$1,406$842
11 years$1,907$1,705$1,523$1,358$1,209$681
12 years$1,730$1,531$1,351$1,191$1,048$554
13 years$1,581$1,383$1,207$1,051$914$453
14 years$1,453$1,257$1,085$933$801$372
15 years$1,342$1,149$979$832$705$307
16 years$1,245$1,054$888$745$623$253
17 years$1,160$970$808$670$553$209
18 years$1,084$897$738$603$491$174
19 years$1,016$831$675$545$438$144
20 years$955$772$620$494$391$120
21 years$900$719$570$448$350$99
22 years$850$672$525$408$314$83
23 years$804$628$485$371$282$69
24 years$763$588$449$338$253$57
25 years$724$552$416$309$228$48
26 years$689$519$385$283$205$40
27 years$657$488$358$259$185$33
28 years$626$460$333$237$167$28
29 years$598$434$310$217$151$23
30 years$572$410$288$199$136$19
31 years$548$388$269$183$123$16
32 years$525$367$251$168$111$13
33 years$503$347$234$155$101$11
34 years$483$329$219$142$91$9
35 years$464$312$205$131$83$8
36 years$446$296$191$121$75$7
37 years$429$281$179$111$68$5
38 years$414$268$168$103$62$5
39 years$398$254$157$95$56$4
40 years$384$242$147$87$51$3
41 years$371$230$138$80$46$3
42 years$358$219$130$74$42$2
43 years$346$209$122$69$38$2
44 years$334$199$114$63$34$2
45 years$323$190$107$58$31$1
46 years$312$181$101$54$28$1
47 years$302$173$95$50$26$1
48 years$292$165$89$46$23$1
49 years$283$158$84$43$21$1
50 years$274$151$79$39$19$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $281,000, adding $5,757 every year, while hoping to spend $22,155 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: 67/27/6 Blend
55$281,000$281,000$281,000$281,000
56$315,600$300,707$296,352$336,070
57$324,219$291,869$282,707$341,551
58$332,974$281,856$267,862$344,320
59$341,856$270,585$251,754$346,751
60$350,854$257,973$234,317$348,807
61$359,955$243,927$215,480$350,449
62$369,143$228,353$195,172$351,633
63$378,402$211,148$173,316$352,313
64$387,711$192,206$149,834$352,440
65$397,046$171,413$124,643$351,959
66$406,383$148,650$97,656$350,811
67$415,689$123,789$68,783$348,933
68$424,933$96,698$37,930$346,256
69$434,075$67,235$5,000$342,707
70$443,072$35,251$0$338,203
71$451,876$589$0$334,590
72$460,431$0$0$330,308
73$468,676$0$0$335,911
74$476,543$0$0$341,401
75$483,955$0$0$346,544
76$490,824$0$0$351,276
77$497,056$0$0$355,527
78$502,542$0$0$359,217
79$507,165$0$0$362,257
80$510,789$0$0$364,548
81$513,268$0$0$365,982
82$514,436$0$0$366,436
83$514,112$0$0$365,774
84$512,091$0$0$363,847
85$508,148$0$0$360,487
86$502,034$0$0$355,510
87$493,471$0$0$348,710
88$482,152$0$0$339,860
89$467,736$0$0$328,708
90$449,846$0$0$314,975
91$428,066$0$0$298,353
92$401,932$0$0$278,499
93$370,934$0$0$255,037
94$334,506$0$0$227,548
95$292,024$0$0$195,569
96$242,795$0$0$158,590
97$186,056$0$0$116,046
98$120,962$0$0$67,313
99$46,580$0$0$11,701
100$0$0$0$0