Can I retire at age 56 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$39,225$38,876$38,535$38,202$37,877$36,977
2 years$19,418$19,057$18,706$18,366$18,037$17,135
3 years$12,817$12,454$12,104$11,768$11,443$10,568
4 years$9,517$9,155$8,809$8,478$8,161$7,319
5 years$7,537$7,178$6,836$6,512$6,204$5,398
6 years$6,218$5,861$5,524$5,208$4,909$4,140
7 years$5,276$4,922$4,591$4,281$3,992$3,260
8 years$4,570$4,219$3,893$3,592$3,312$2,616
9 years$4,021$3,673$3,353$3,059$2,789$2,129
10 years$3,582$3,238$2,924$2,637$2,377$1,751
11 years$3,223$2,883$2,574$2,295$2,044$1,453
12 years$2,925$2,587$2,284$2,013$1,771$1,214
13 years$2,672$2,338$2,041$1,777$1,545$1,019
14 years$2,456$2,125$1,834$1,578$1,354$860
15 years$2,268$1,941$1,656$1,407$1,192$728
16 years$2,104$1,781$1,501$1,260$1,054$618
17 years$1,960$1,640$1,366$1,132$934$526
18 years$1,832$1,516$1,247$1,020$831$449
19 years$1,717$1,405$1,141$922$740$383
20 years$1,614$1,306$1,048$835$661$328
21 years$1,521$1,216$964$758$592$281
22 years$1,437$1,135$888$689$530$241
23 years$1,360$1,062$820$627$476$207
24 years$1,289$995$758$572$428$178
25 years$1,225$933$702$523$385$153
26 years$1,165$877$651$478$347$132
27 years$1,110$826$605$437$313$113
28 years$1,059$778$562$401$282$98
29 years$1,011$734$523$367$255$84
30 years$967$693$487$337$230$73
31 years$926$655$454$310$208$63
32 years$887$620$424$285$188$54
33 years$851$587$396$262$170$47
34 years$817$556$370$241$154$40
35 years$785$528$346$222$140$35
36 years$754$501$323$204$127$30
37 years$726$476$303$188$115$26
38 years$699$452$284$173$104$22
39 years$674$430$266$160$94$19
40 years$649$409$249$147$86$17
41 years$626$389$233$136$78$14
42 years$605$371$219$126$70$12
43 years$584$353$206$116$64$11
44 years$564$337$193$107$58$9
45 years$546$321$181$99$53$8
46 years$528$306$170$91$48$7
47 years$511$292$160$84$43$6
48 years$494$279$150$78$39$5
49 years$479$267$141$72$36$4
50 years$464$255$133$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $475,000, adding $4,268 every year, while hoping to spend $24,926 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: 34/43/23 Blend
55$475,000$475,000$475,000$475,000
56$527,852$502,677$495,315$541,978
57$555,172$500,788$485,387$550,964
58$584,443$497,970$474,291$558,076
59$615,838$494,152$461,961$565,241
60$649,547$489,258$448,330$572,479
61$685,777$483,208$433,325$579,816
62$724,756$475,916$416,872$587,281
63$766,736$467,290$398,892$594,907
64$811,992$457,236$379,303$602,736
65$860,825$445,651$358,020$610,814
66$913,569$432,428$334,954$619,196
67$970,589$417,452$310,010$627,946
68$1,032,285$400,603$283,092$637,136
69$1,099,099$381,754$254,096$646,850
70$1,171,516$360,769$222,918$657,183
71$1,250,070$337,506$189,444$668,245
72$1,335,346$311,813$153,560$680,159
73$1,427,990$283,530$115,143$693,066
74$1,528,712$252,490$74,067$707,126
75$1,638,292$218,513$30,200$722,520
76$1,757,589$181,412$0$739,451
77$1,887,549$140,986$0$762,228
78$2,029,211$97,027$0$795,207
79$2,183,720$49,311$0$831,296
80$2,352,336$0$0$870,861
81$2,536,446$0$0$915,445
82$2,737,577$0$0$989,705
83$2,957,410$0$0$1,070,938
84$3,197,794$0$0$1,159,835
85$3,460,767$0$0$1,257,159
86$3,748,572$0$0$1,363,749
87$4,063,680$0$0$1,480,529
88$4,408,811$0$0$1,608,518
89$4,786,960$0$0$1,748,837
90$5,201,427$0$0$1,902,720
91$5,655,845$0$0$2,071,527
92$6,154,215$0$0$2,256,757
93$6,700,945$0$0$2,460,059
94$7,300,890$0$0$2,683,251
95$7,959,398$0$0$2,928,335
96$8,682,359$0$0$3,197,517
97$9,476,261$0$0$3,493,225
98$10,348,253$0$0$3,818,137
99$11,306,209$0$0$4,175,200
100$12,358,803$0$0$4,567,664