Can I retire at age 56 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$30,967$30,691$30,422$30,160$29,903$29,121
2 years$15,330$15,045$14,768$14,500$14,240$13,457
3 years$10,119$9,832$9,556$9,290$9,034$8,276
4 years$7,513$7,227$6,954$6,693$6,443$5,715
5 years$5,951$5,666$5,397$5,141$4,898$4,201
6 years$4,909$4,627$4,361$4,111$3,876$3,211
7 years$4,165$3,886$3,624$3,380$3,152$2,520
8 years$3,608$3,331$3,074$2,835$2,615$2,015
9 years$3,175$2,900$2,647$2,415$2,202$1,634
10 years$2,828$2,556$2,308$2,082$1,876$1,339
11 years$2,545$2,276$2,032$1,812$1,614$1,107
12 years$2,309$2,043$1,803$1,589$1,398$921
13 years$2,109$1,846$1,611$1,403$1,219$770
14 years$1,939$1,678$1,448$1,245$1,069$647
15 years$1,791$1,533$1,307$1,111$941$545
16 years$1,661$1,406$1,185$995$832$461
17 years$1,547$1,295$1,078$894$738$391
18 years$1,446$1,197$984$805$656$332
19 years$1,356$1,109$901$728$585$282
20 years$1,275$1,031$827$659$522$241
21 years$1,201$960$761$598$467$205
22 years$1,134$896$701$544$419$175
23 years$1,074$838$647$495$376$150
24 years$1,018$785$599$452$338$128
25 years$967$737$554$413$304$110
26 years$920$693$514$377$274$94
27 years$876$652$478$345$247$80
28 years$836$614$444$316$223$69
29 years$798$579$413$290$201$59
30 years$763$547$385$266$182$51
31 years$731$517$359$245$164$43
32 years$700$489$335$225$149$37
33 years$672$464$313$207$135$32
34 years$645$439$292$190$122$27
35 years$619$417$273$175$110$24
36 years$596$396$255$161$100$20
37 years$573$376$239$149$91$17
38 years$552$357$224$137$82$15
39 years$532$339$210$126$74$13
40 years$513$323$197$116$68$11
41 years$495$307$184$107$61$9
42 years$477$293$173$99$56$8
43 years$461$279$162$92$50$7
44 years$446$266$152$84$46$6
45 years$431$254$143$78$42$5
46 years$417$242$134$72$38$4
47 years$403$231$126$67$34$4
48 years$390$220$119$62$31$3
49 years$378$210$111$57$28$3
50 years$366$201$105$53$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $375,000, adding $5,173 every year, while hoping to spend $24,574 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: 31/46/23 Blend
55$375,000$375,000$375,000$375,000
56$418,586$398,711$392,898$428,455
57$435,135$392,101$379,914$429,780
58$452,549$384,344$365,671$428,651
59$470,889$375,357$350,101$426,932
60$490,224$365,054$333,134$424,586
61$510,627$353,341$314,694$421,577
62$532,178$340,123$294,703$417,867
63$554,966$325,295$273,082$413,416
64$579,086$308,748$249,744$408,186
65$604,644$290,367$224,601$402,134
66$631,752$270,030$197,560$395,219
67$660,537$247,607$168,524$387,398
68$691,135$222,963$137,393$378,628
69$723,695$195,953$104,060$368,866
70$758,382$166,424$68,416$358,068
71$795,374$134,216$30,345$346,190
72$834,868$99,158$0$333,189
73$877,078$61,071$0$321,545
74$922,241$19,765$0$316,804
75$970,616$0$0$311,502
76$1,022,485$0$0$318,270
77$1,078,160$0$0$336,312
78$1,137,983$0$0$355,740
79$1,202,328$0$0$376,682
80$1,271,607$0$0$399,276
81$1,346,271$0$0$423,676
82$1,426,817$0$0$450,051
83$1,513,790$0$0$478,585
84$1,607,791$0$0$509,483
85$1,709,476$0$0$542,968
86$1,819,570$0$0$579,286
87$1,938,870$0$0$618,708
88$2,068,250$0$0$661,532
89$2,208,672$0$0$708,085
90$2,361,196$0$0$758,727
91$2,526,985$0$0$813,855
92$2,707,320$0$0$873,905
93$2,903,611$0$0$939,356
94$3,117,408$0$0$1,010,737
95$3,350,417$0$0$1,088,630
96$3,604,517$0$0$1,173,673
97$3,881,775$0$0$1,266,572
98$4,184,465$0$0$1,368,102
99$4,515,092$0$0$1,479,117
100$4,876,413$0$0$1,600,557