Can I retire at age 56 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$31,958$31,673$31,396$31,125$30,860$30,237
2 years$15,821$15,526$15,241$14,964$14,695$14,070
3 years$10,442$10,147$9,862$9,587$9,323$8,716
4 years$7,754$7,459$7,177$6,907$6,649$6,064
5 years$6,141$5,848$5,569$5,305$5,055$4,493
6 years$5,066$4,775$4,501$4,243$4,000$3,463
7 years$4,299$4,010$3,740$3,488$3,253$2,741
8 years$3,723$3,437$3,172$2,926$2,699$2,211
9 years$3,276$2,993$2,732$2,492$2,273$1,809
10 years$2,919$2,638$2,382$2,149$1,936$1,497
11 years$2,626$2,349$2,097$1,870$1,665$1,249
12 years$2,383$2,108$1,861$1,640$1,443$1,049
13 years$2,177$1,905$1,663$1,448$1,258$886
14 years$2,001$1,732$1,494$1,285$1,103$752
15 years$1,848$1,582$1,349$1,146$971$641
16 years$1,715$1,451$1,223$1,026$858$548
17 years$1,597$1,337$1,113$922$761$469
18 years$1,493$1,235$1,016$831$677$403
19 years$1,399$1,145$930$751$603$347
20 years$1,315$1,064$853$680$539$299
21 years$1,239$991$785$617$482$258
22 years$1,171$925$724$561$432$223
23 years$1,108$865$668$511$388$193
24 years$1,050$810$618$466$349$167
25 years$998$761$572$426$314$144
26 years$949$715$531$389$283$125
27 years$904$673$493$356$255$108
28 years$863$634$458$326$230$94
29 years$824$598$426$299$208$82
30 years$788$565$397$275$188$71
31 years$754$534$370$252$170$62
32 years$723$505$345$232$153$54
33 years$693$478$323$213$139$47
34 years$665$453$301$196$126$40
35 years$639$430$282$181$114$35
36 years$615$408$264$166$103$31
37 years$591$388$247$153$94$27
38 years$570$368$231$141$85$23
39 years$549$350$216$130$77$20
40 years$529$333$203$120$70$17
41 years$510$317$190$111$63$15
42 years$493$302$178$102$57$13
43 years$476$288$167$94$52$12
44 years$460$274$157$87$47$10
45 years$445$262$148$81$43$9
46 years$430$250$139$74$39$8
47 years$416$238$130$69$35$7
48 years$403$227$122$64$32$6
49 years$390$217$115$59$29$5
50 years$378$207$108$54$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $387,000, adding $2,269 every year, while hoping to spend $26,389 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: 44/41/15 Blend
55$387,000$387,000$387,000$387,000
56$428,814$408,303$402,305$445,734
57$444,476$400,233$387,704$449,723
58$460,850$390,882$371,730$451,226
59$477,983$380,161$354,309$452,285
60$495,921$367,973$335,363$452,870
61$514,719$354,218$314,811$452,951
62$534,433$338,787$292,570$452,495
63$555,125$321,567$268,551$451,471
64$576,862$302,438$242,662$449,845
65$599,717$281,273$214,806$447,583
66$623,771$257,938$184,884$444,650
67$649,108$232,289$152,791$441,011
68$675,824$204,178$118,416$436,630
69$704,021$173,446$81,646$431,471
70$733,810$139,924$42,360$425,498
71$765,315$103,436$435$418,674
72$798,667$63,795$0$410,963
73$834,013$20,803$0$409,422
74$871,512$0$0$407,460
75$911,337$0$0$416,613
76$953,679$0$0$436,347
77$998,745$0$0$457,378
78$1,046,764$0$0$479,814
79$1,097,983$0$0$503,775
80$1,152,678$0$0$529,394
81$1,211,146$0$0$556,814
82$1,273,716$0$0$586,194
83$1,340,748$0$0$617,708
84$1,412,637$0$0$651,544
85$1,489,814$0$0$687,914
86$1,572,756$0$0$727,045
87$1,661,984$0$0$769,190
88$1,758,071$0$0$814,625
89$1,861,645$0$0$863,655
90$1,973,398$0$0$916,612
91$2,094,088$0$0$973,865
92$2,224,550$0$0$1,035,815
93$2,365,700$0$0$1,102,907
94$2,518,546$0$0$1,175,628
95$2,684,197$0$0$1,254,513
96$2,863,869$0$0$1,340,152
97$3,058,904$0$0$1,433,193
98$3,270,774$0$0$1,534,349
99$3,501,100$0$0$1,644,405
100$3,751,666$0$0$1,764,224