Can I retire at age 56 with 386,000?

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 $386,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$31,876$31,592$31,315$31,044$30,780$30,196
2 years$15,780$15,486$15,201$14,925$14,657$14,071
3 years$10,415$10,120$9,836$9,563$9,299$8,729
4 years$7,734$7,440$7,158$6,889$6,632$6,082
5 years$6,125$5,833$5,555$5,292$5,042$4,514
6 years$5,053$4,763$4,489$4,232$3,989$3,484
7 years$4,288$4,000$3,731$3,479$3,244$2,762
8 years$3,714$3,429$3,164$2,919$2,692$2,232
9 years$3,268$2,985$2,725$2,486$2,267$1,830
10 years$2,911$2,631$2,376$2,143$1,931$1,517
11 years$2,619$2,342$2,092$1,865$1,661$1,268
12 years$2,377$2,102$1,856$1,636$1,439$1,067
13 years$2,171$1,900$1,658$1,444$1,255$903
14 years$1,995$1,727$1,490$1,282$1,100$768
15 years$1,843$1,578$1,345$1,143$969$656
16 years$1,710$1,448$1,220$1,024$856$562
17 years$1,593$1,333$1,110$920$759$482
18 years$1,489$1,232$1,013$829$675$415
19 years$1,396$1,142$928$749$602$358
20 years$1,312$1,061$851$678$537$309
21 years$1,236$988$783$616$481$267
22 years$1,168$922$722$560$431$231
23 years$1,105$863$666$510$387$201
24 years$1,048$808$616$465$348$174
25 years$995$759$571$425$313$151
26 years$947$713$529$388$282$131
27 years$902$671$492$355$254$114
28 years$860$632$457$326$229$99
29 years$822$596$425$299$207$86
30 years$786$563$396$274$187$75
31 years$752$532$369$252$169$65
32 years$721$504$345$231$153$57
33 years$691$477$322$213$138$50
34 years$664$452$301$196$125$43
35 years$638$429$281$180$114$38
36 years$613$407$263$166$103$33
37 years$590$387$246$153$93$29
38 years$568$367$230$141$85$25
39 years$547$349$216$130$77$22
40 years$528$332$202$120$70$19
41 years$509$316$190$111$63$17
42 years$491$301$178$102$57$14
43 years$475$287$167$94$52$13
44 years$459$274$157$87$47$11
45 years$443$261$147$80$43$10
46 years$429$249$138$74$39$8
47 years$415$238$130$69$35$7
48 years$402$227$122$63$32$6
49 years$389$217$115$59$29$6
50 years$377$207$108$54$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $386,000, adding $6,649 every year, while hoping to spend $27,478 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: 35/37/28 Blend
55$386,000$386,000$386,000$386,000
56$432,230$411,772$405,789$443,526
57$447,082$402,713$390,147$443,493
58$462,527$392,289$373,060$440,518
59$478,597$380,403$354,450$436,778
60$495,327$366,956$334,237$432,224
61$512,752$351,839$312,336$426,804
62$530,912$334,939$288,659$420,463
63$549,850$316,135$263,113$413,144
64$569,609$295,300$235,602$404,788
65$590,240$272,300$206,025$395,331
66$611,794$246,993$174,277$384,710
67$634,330$219,229$140,248$372,855
68$657,909$188,848$103,823$359,697
69$682,597$155,683$64,883$345,160
70$708,467$119,557$23,302$329,168
71$735,598$80,282$0$311,641
72$764,075$37,662$0$298,792
73$793,989$0$0$292,076
74$825,442$0$0$287,945
75$858,544$0$0$299,753
76$893,412$0$0$312,213
77$930,176$0$0$325,373
78$968,978$0$0$339,287
79$1,009,971$0$0$354,013
80$1,053,324$0$0$369,615
81$1,099,219$0$0$386,162
82$1,147,857$0$0$403,731
83$1,199,456$0$0$422,404
84$1,254,255$0$0$442,273
85$1,312,517$0$0$463,438
86$1,374,526$0$0$486,007
87$1,440,597$0$0$510,099
88$1,511,071$0$0$535,847
89$1,586,326$0$0$563,393
90$1,666,771$0$0$592,895
91$1,752,860$0$0$624,524
92$1,845,085$0$0$658,472
93$1,943,991$0$0$694,945
94$2,050,173$0$0$734,171
95$2,164,284$0$0$776,402
96$2,287,042$0$0$821,911
97$2,419,233$0$0$871,001
98$2,561,724$0$0$924,004
99$2,715,465$0$0$981,284
100$2,881,499$0$0$1,043,242