Can I retire at age 56 with 367,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $367,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$30,307$30,037$29,773$29,516$29,265$29,056
2 years$15,003$14,724$14,453$14,190$13,936$13,725
3 years$9,903$9,622$9,352$9,092$8,841$8,636
4 years$7,353$7,073$6,806$6,550$6,306$6,106
5 years$5,824$5,546$5,282$5,031$4,794$4,601
6 years$4,804$4,528$4,268$4,024$3,793$3,608
7 years$4,077$3,803$3,547$3,308$3,085$2,907
8 years$3,531$3,260$3,008$2,775$2,559$2,388
9 years$3,107$2,838$2,591$2,364$2,155$1,992
10 years$2,768$2,502$2,259$2,037$1,836$1,680
11 years$2,491$2,227$1,989$1,773$1,579$1,430
12 years$2,260$1,999$1,765$1,555$1,369$1,226
13 years$2,064$1,807$1,577$1,373$1,193$1,058
14 years$1,897$1,642$1,417$1,219$1,046$917
15 years$1,752$1,500$1,279$1,087$921$798
16 years$1,626$1,376$1,160$973$814$698
17 years$1,514$1,267$1,055$875$722$611
18 years$1,415$1,171$963$788$642$537
19 years$1,327$1,085$882$712$572$473
20 years$1,247$1,009$809$645$511$418
21 years$1,175$940$744$585$457$369
22 years$1,110$877$686$532$410$327
23 years$1,051$820$634$485$368$290
24 years$996$769$586$442$331$257
25 years$946$721$543$404$298$228
26 years$900$678$503$369$268$203
27 years$857$638$467$338$242$180
28 years$818$601$434$310$218$161
29 years$781$567$404$284$197$143
30 years$747$536$377$261$178$128
31 years$715$506$351$239$161$114
32 years$685$479$328$220$145$102
33 years$657$454$306$202$132$91
34 years$631$430$286$186$119$81
35 years$606$408$267$171$108$72
36 years$583$387$250$158$98$65
37 years$561$368$234$145$89$58
38 years$540$349$219$134$80$52
39 years$520$332$205$124$73$46
40 years$502$316$192$114$66$41
41 years$484$301$180$105$60$37
42 years$467$287$169$97$54$33
43 years$451$273$159$90$49$29
44 years$436$260$149$83$45$26
45 years$422$248$140$76$41$24
46 years$408$237$131$71$37$21
47 years$395$226$123$65$34$19
48 years$382$216$116$60$30$17
49 years$370$206$109$56$28$15
50 years$358$197$103$51$25$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $367,000, adding $2,816 every year, while hoping to spend $29,156 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: 55/17/28 Blend
55$367,000$367,000$367,000$367,000
56$407,339$387,888$382,199$426,446
57$417,865$375,872$363,981$427,916
58$428,489$362,291$344,176$426,274
59$439,188$347,037$322,699$423,897
60$449,938$329,995$299,462$420,727
61$460,713$311,045$274,375$416,698
62$471,480$290,061$247,341$411,740
63$482,205$266,908$218,261$405,780
64$492,846$241,443$187,029$398,738
65$503,359$213,516$153,537$390,527
66$513,692$182,968$117,671$381,056
67$523,786$149,632$79,311$370,224
68$533,578$113,330$38,333$357,925
69$542,994$73,874$0$344,045
70$551,953$31,067$0$330,071
71$560,364$0$0$326,585
72$568,123$0$0$324,882
73$575,118$0$0$328,509
74$581,222$0$0$331,576
75$586,292$0$0$333,997
76$590,172$0$0$335,676
77$592,686$0$0$336,506
78$593,640$0$0$336,368
79$592,816$0$0$335,130
80$589,976$0$0$332,647
81$584,851$0$0$328,756
82$577,146$0$0$323,276
83$566,534$0$0$316,008
84$552,651$0$0$306,731
85$535,094$0$0$295,201
86$513,418$0$0$281,145
87$487,128$0$0$264,265
88$455,680$0$0$244,228
89$418,467$0$0$220,667
90$374,823$0$0$193,176
91$324,008$0$0$161,305
92$265,204$0$0$124,560
93$197,510$0$0$82,390
94$119,926$0$0$34,191
95$31,350$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0