Can I retire at age 56 with 380,000?

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 $380,000?

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$31,380$31,101$30,828$30,562$30,302$30,086
2 years$15,535$15,245$14,965$14,693$14,429$14,211
3 years$10,254$9,963$9,683$9,414$9,155$8,942
4 years$7,614$7,324$7,047$6,782$6,529$6,323
5 years$6,030$5,742$5,469$5,209$4,963$4,764
6 years$4,975$4,689$4,420$4,166$3,927$3,736
7 years$4,221$3,938$3,673$3,425$3,194$3,010
8 years$3,656$3,375$3,115$2,873$2,650$2,473
9 years$3,217$2,939$2,683$2,447$2,231$2,062
10 years$2,866$2,590$2,339$2,110$1,901$1,739
11 years$2,579$2,306$2,059$1,836$1,635$1,481
12 years$2,340$2,070$1,827$1,610$1,417$1,270
13 years$2,138$1,871$1,633$1,422$1,236$1,095
14 years$1,964$1,700$1,467$1,262$1,083$950
15 years$1,815$1,553$1,324$1,126$954$827
16 years$1,684$1,425$1,201$1,008$843$722
17 years$1,568$1,312$1,093$906$747$633
18 years$1,466$1,213$997$816$665$556
19 years$1,374$1,124$913$737$592$490
20 years$1,291$1,044$838$668$529$432
21 years$1,217$973$771$606$473$382
22 years$1,149$908$710$551$424$338
23 years$1,088$849$656$502$381$300
24 years$1,031$796$607$458$342$266
25 years$980$747$562$418$308$236
26 years$932$702$521$382$278$210
27 years$888$661$484$350$250$187
28 years$847$622$450$321$226$166
29 years$809$587$419$294$204$148
30 years$774$555$390$270$184$132
31 years$740$524$364$248$167$118
32 years$710$496$339$228$151$105
33 years$681$470$317$209$136$94
34 years$653$445$296$193$123$84
35 years$628$422$277$177$112$75
36 years$604$401$259$163$101$67
37 years$581$381$242$150$92$60
38 years$559$362$227$139$83$53
39 years$539$344$213$128$75$48
40 years$520$327$199$118$68$43
41 years$501$312$187$109$62$38
42 years$484$297$175$100$56$34
43 years$467$283$164$93$51$30
44 years$451$269$154$86$46$27
45 years$436$257$145$79$42$24
46 years$422$245$136$73$38$22
47 years$409$234$128$67$35$20
48 years$395$223$120$62$32$17
49 years$383$213$113$58$29$16
50 years$371$204$106$53$26$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $380,000, adding $4,263 every year, while hoping to spend $20,330 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: 45/39/16 Blend
55$380,000$380,000$380,000$380,000
56$423,157$403,017$397,127$440,082
57$444,688$401,134$388,800$450,443
58$467,734$398,477$379,513$459,297
59$492,428$394,988$369,211$468,461
60$518,915$390,602$357,839$477,972
61$547,357$385,253$345,339$487,874
62$577,928$378,871$331,649$498,213
63$610,822$371,381$316,704$509,046
64$646,250$362,703$300,438$520,432
65$684,445$352,753$282,780$532,442
66$725,663$341,443$263,658$545,154
67$770,184$328,677$242,994$558,656
68$818,317$314,357$220,709$573,047
69$870,401$298,376$196,718$588,439
70$926,810$280,624$170,936$604,955
71$987,952$260,982$143,270$622,737
72$1,054,279$239,327$113,626$641,941
73$1,126,287$215,525$81,903$662,743
74$1,204,520$189,437$47,999$685,338
75$1,289,578$160,917$11,804$709,947
76$1,382,122$129,808$0$736,813
77$1,482,877$95,947$0$770,791
78$1,592,641$59,160$0$810,053
79$1,712,295$19,263$0$852,943
80$1,842,806$0$0$899,861
81$1,985,238$0$0$961,526
82$2,140,764$0$0$1,037,928
83$2,310,673$0$0$1,121,440
84$2,496,388$0$0$1,212,767
85$2,699,471$0$0$1,312,682
86$2,921,645$0$0$1,422,040
87$3,164,806$0$0$1,541,779
88$3,431,042$0$0$1,672,934
89$3,722,651$0$0$1,816,645
90$4,042,166$0$0$1,974,166
91$4,392,376$0$0$2,146,879
92$4,776,352$0$0$2,336,307
93$5,197,475$0$0$2,544,125
94$5,659,472$0$0$2,772,180
95$6,166,446$0$0$3,022,506
96$6,722,917$0$0$3,297,344
97$7,333,864$0$0$3,599,162
98$8,004,772$0$0$3,930,677
99$8,741,683$0$0$4,294,886
100$9,551,252$0$0$4,695,088