Can I retire at age 56 with 473,000?

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 $473,000?

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$39,060$38,712$38,373$38,041$37,718$37,449
2 years$19,337$18,976$18,627$18,289$17,961$17,689
3 years$12,763$12,401$12,053$11,718$11,395$11,130
4 years$9,477$9,116$8,772$8,442$8,127$7,870
5 years$7,506$7,147$6,807$6,484$6,178$5,930
6 years$6,192$5,836$5,501$5,186$4,888$4,650
7 years$5,254$4,901$4,572$4,263$3,976$3,746
8 years$4,551$4,201$3,877$3,576$3,298$3,078
9 years$4,004$3,658$3,339$3,046$2,778$2,567
10 years$3,567$3,224$2,911$2,626$2,367$2,165
11 years$3,210$2,870$2,563$2,285$2,035$1,843
12 years$2,912$2,576$2,275$2,005$1,764$1,580
13 years$2,661$2,328$2,032$1,770$1,538$1,363
14 years$2,445$2,116$1,826$1,571$1,348$1,182
15 years$2,259$1,933$1,649$1,401$1,187$1,029
16 years$2,096$1,774$1,495$1,254$1,049$899
17 years$1,952$1,634$1,360$1,127$930$788
18 years$1,824$1,510$1,242$1,016$827$692
19 years$1,710$1,399$1,137$918$737$610
20 years$1,608$1,300$1,043$831$659$538
21 years$1,515$1,211$959$754$589$476
22 years$1,431$1,130$884$686$528$421
23 years$1,354$1,057$817$625$474$373
24 years$1,284$991$755$570$426$331
25 years$1,219$930$699$520$384$294
26 years$1,160$874$649$476$345$261
27 years$1,105$822$602$435$311$233
28 years$1,054$775$560$399$281$207
29 years$1,007$731$521$366$254$184
30 years$963$690$485$336$229$164
31 years$922$653$452$308$207$147
32 years$883$617$422$283$188$131
33 years$847$585$394$261$170$117
34 years$813$554$368$240$154$104
35 years$781$526$344$221$139$93
36 years$751$499$322$203$126$83
37 years$723$474$302$187$114$74
38 years$696$450$282$173$104$66
39 years$671$428$265$159$94$59
40 years$647$407$248$147$85$53
41 years$624$388$232$135$77$47
42 years$602$369$218$125$70$42
43 years$582$352$205$115$64$38
44 years$562$335$192$107$58$34
45 years$543$320$180$98$52$30
46 years$525$305$169$91$48$27
47 years$508$291$159$84$43$24
48 years$492$278$150$78$39$22
49 years$477$265$141$72$36$19
50 years$462$254$132$66$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $473,000, adding $4,736 every year, while hoping to spend $40,070 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: 71/17/12 Blend
55$473,000$473,000$473,000$473,000
56$526,131$501,062$493,731$561,828
57$537,162$482,980$467,636$568,027
58$547,976$462,669$439,325$569,468
59$558,507$439,977$408,680$569,978
60$568,683$414,745$375,580$569,457
61$578,424$386,802$339,896$567,794
62$587,637$355,970$301,497$564,871
63$596,222$322,058$260,243$560,558
64$604,066$284,868$215,990$554,711
65$611,040$244,186$168,586$547,176
66$617,005$199,790$117,872$537,782
67$621,803$151,443$63,684$526,344
68$625,259$98,896$5,849$512,660
69$627,178$41,885$0$496,508
70$627,345$0$0$484,800
71$625,519$0$0$475,098
72$621,433$0$0$471,451
73$614,792$0$0$465,789
74$605,268$0$0$457,858
75$592,497$0$0$447,370
76$576,077$0$0$434,012
77$555,561$0$0$417,433
78$530,455$0$0$397,246
79$500,212$0$0$373,023
80$464,227$0$0$344,290
81$421,831$0$0$310,522
82$372,284$0$0$271,140
83$314,767$0$0$225,504
84$248,376$0$0$172,903
85$172,109$0$0$112,556
86$84,864$0$0$43,596
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0