Can I retire at age 56 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$29,068$28,809$28,556$28,310$28,069$27,095
2 years$14,390$14,122$13,862$13,610$13,366$12,395
3 years$9,498$9,229$8,970$8,720$8,480$7,542
4 years$7,053$6,784$6,528$6,283$6,048$5,150
5 years$5,586$5,319$5,066$4,826$4,598$3,743
6 years$4,608$4,343$4,094$3,859$3,638$2,827
7 years$3,910$3,647$3,402$3,173$2,959$2,191
8 years$3,387$3,127$2,885$2,662$2,454$1,729
9 years$2,980$2,722$2,485$2,267$2,067$1,384
10 years$2,655$2,400$2,167$1,954$1,761$1,118
11 years$2,389$2,136$1,907$1,701$1,515$911
12 years$2,167$1,917$1,693$1,492$1,313$747
13 years$1,980$1,733$1,512$1,317$1,145$616
14 years$1,820$1,575$1,359$1,169$1,003$509
15 years$1,681$1,439$1,227$1,043$883$423
16 years$1,559$1,320$1,112$934$781$352
17 years$1,453$1,216$1,012$839$692$293
18 years$1,358$1,123$924$756$616$245
19 years$1,273$1,041$846$683$549$205
20 years$1,196$967$776$619$490$172
21 years$1,127$901$714$561$439$144
22 years$1,065$841$658$510$393$121
23 years$1,008$787$608$465$353$102
24 years$955$737$562$424$317$85
25 years$908$692$520$387$285$72
26 years$863$650$483$354$257$60
27 years$822$612$448$324$232$51
28 years$785$577$417$297$209$43
29 years$749$544$388$272$189$36
30 years$717$514$361$250$171$30
31 years$686$486$337$230$154$26
32 years$657$459$314$211$140$22
33 years$630$435$293$194$126$18
34 years$605$412$274$178$114$15
35 years$581$391$256$164$104$13
36 years$559$371$240$151$94$11
37 years$538$353$224$139$85$9
38 years$518$335$210$128$77$8
39 years$499$319$197$118$70$7
40 years$481$303$185$109$63$5
41 years$464$289$173$101$58$5
42 years$448$275$162$93$52$4
43 years$433$262$152$86$47$3
44 years$418$250$143$79$43$3
45 years$404$238$134$73$39$2
46 years$391$227$126$68$35$2
47 years$378$217$118$63$32$2
48 years$366$207$111$58$29$1
49 years$355$198$105$53$27$1
50 years$344$189$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $352,000, adding $2,080 every year, while hoping to spend $26,596 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: 64/6/30 Blend
55$352,000$352,000$352,000$352,000
56$390,050$371,394$365,938$411,761
57$401,537$361,294$349,898$416,636
58$413,304$349,808$332,431$418,867
59$425,352$336,840$313,458$420,738
60$437,681$322,288$292,902$422,218
61$450,289$306,044$270,679$423,274
62$463,174$287,996$246,702$423,870
63$476,332$268,022$220,881$423,969
64$489,759$245,996$193,121$423,529
65$503,447$221,783$163,324$422,507
66$517,390$195,241$131,386$420,857
67$531,576$166,220$97,200$418,529
68$545,994$134,562$60,653$415,469
69$560,628$100,099$21,628$411,619
70$575,462$62,654$0$406,920
71$590,475$22,039$0$407,712
72$605,643$0$0$415,323
73$620,939$0$0$424,238
74$636,331$0$0$434,662
75$651,783$0$0$445,115
76$667,253$0$0$455,566
77$682,694$0$0$465,983
78$698,053$0$0$476,327
79$713,269$0$0$486,554
80$728,273$0$0$496,616
81$742,988$0$0$506,459
82$757,328$0$0$516,019
83$771,195$0$0$525,229
84$784,480$0$0$534,010
85$797,061$0$0$542,276
86$808,801$0$0$549,930
87$819,547$0$0$556,863
88$829,129$0$0$562,955
89$837,357$0$0$568,071
90$844,019$0$0$572,061
91$848,881$0$0$574,759
92$851,679$0$0$575,978
93$852,124$0$0$575,514
94$849,891$0$0$573,137
95$844,623$0$0$568,594
96$835,921$0$0$561,603
97$823,343$0$0$551,852
98$806,400$0$0$538,994
99$784,551$0$0$522,647
100$757,193$0$0$502,385