Can I retire at age 56 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$31,050$30,773$30,503$30,240$29,983$29,175
2 years$15,371$15,085$14,807$14,538$14,278$13,470
3 years$10,146$9,858$9,581$9,315$9,058$8,275
4 years$7,533$7,247$6,973$6,711$6,460$5,709
5 years$5,966$5,682$5,411$5,155$4,911$4,192
6 years$4,922$4,639$4,373$4,122$3,886$3,201
7 years$4,177$3,896$3,634$3,389$3,160$2,509
8 years$3,618$3,340$3,082$2,843$2,622$2,004
9 years$3,183$2,908$2,654$2,422$2,208$1,623
10 years$2,836$2,563$2,314$2,087$1,881$1,329
11 years$2,552$2,282$2,037$1,817$1,618$1,097
12 years$2,315$2,048$1,808$1,593$1,402$911
13 years$2,115$1,851$1,615$1,407$1,223$761
14 years$1,944$1,682$1,451$1,249$1,072$638
15 years$1,795$1,537$1,311$1,114$944$537
16 years$1,666$1,410$1,188$997$834$454
17 years$1,552$1,299$1,081$896$739$384
18 years$1,450$1,200$987$807$658$326
19 years$1,359$1,112$904$730$586$277
20 years$1,278$1,033$829$661$523$235
21 years$1,204$963$763$600$468$200
22 years$1,137$899$703$545$420$171
23 years$1,076$840$649$497$377$146
24 years$1,021$787$600$453$339$125
25 years$969$739$556$414$305$106
26 years$922$694$516$378$275$91
27 years$878$654$479$346$248$78
28 years$838$616$445$317$223$67
29 years$800$581$414$291$202$57
30 years$765$549$386$267$182$49
31 years$733$519$360$245$165$42
32 years$702$491$336$225$149$36
33 years$673$465$313$207$135$31
34 years$646$441$293$191$122$26
35 years$621$418$274$175$111$23
36 years$597$397$256$162$100$19
37 years$575$377$240$149$91$17
38 years$553$358$224$137$82$14
39 years$533$340$210$127$75$12
40 years$514$324$197$117$68$10
41 years$496$308$185$108$61$9
42 years$479$294$173$99$56$8
43 years$462$280$163$92$51$7
44 years$447$267$153$85$46$6
45 years$432$254$143$78$42$5
46 years$418$243$135$72$38$4
47 years$404$231$127$67$34$4
48 years$391$221$119$62$31$3
49 years$379$211$112$57$28$3
50 years$367$202$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 $376,000, adding $3,182 every year, while hoping to spend $27,901 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: 61/32/7 Blend
55$376,000$376,000$376,000$376,000
56$417,634$397,706$391,878$442,331
57$430,546$387,507$375,320$449,035
58$443,841$375,874$357,271$452,836
59$457,526$362,705$337,654$456,273
60$471,613$347,897$316,384$459,313
61$486,110$331,336$293,376$461,917
62$501,027$312,906$268,538$464,046
63$516,374$292,480$241,776$465,657
64$532,159$269,927$212,991$466,706
65$548,393$245,107$182,080$467,144
66$565,085$217,873$148,934$466,921
67$582,243$188,068$113,443$465,981
68$599,875$155,527$75,487$464,267
69$617,991$120,076$34,944$461,718
70$636,598$81,532$0$458,266
71$655,703$39,699$0$454,465
72$675,314$0$0$452,444
73$695,436$0$0$451,503
74$716,074$0$0$464,873
75$737,233$0$0$478,577
76$758,916$0$0$492,617
77$781,125$0$0$506,994
78$803,860$0$0$521,708
79$827,121$0$0$536,756
80$850,905$0$0$552,137
81$875,206$0$0$567,847
82$900,017$0$0$583,881
83$925,328$0$0$600,230
84$951,127$0$0$616,886
85$977,397$0$0$633,837
86$1,004,118$0$0$651,069
87$1,031,265$0$0$668,564
88$1,058,811$0$0$686,304
89$1,086,721$0$0$704,264
90$1,114,954$0$0$722,416
91$1,143,465$0$0$740,729
92$1,172,200$0$0$759,165
93$1,201,097$0$0$777,683
94$1,230,086$0$0$796,233
95$1,259,085$0$0$814,762
96$1,288,004$0$0$833,205
97$1,316,738$0$0$851,493
98$1,345,169$0$0$869,546
99$1,373,166$0$0$887,272
100$1,400,578$0$0$904,572