Can I retire at age 56 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$39,721$39,367$39,022$38,685$38,356$38,066
2 years$19,664$19,297$18,942$18,598$18,265$17,973
3 years$12,979$12,611$12,257$11,916$11,588$11,303
4 years$9,637$9,270$8,920$8,585$8,265$7,988
5 years$7,633$7,268$6,922$6,594$6,283$6,016
6 years$6,297$5,935$5,594$5,273$4,971$4,714
7 years$5,343$4,984$4,649$4,335$4,043$3,796
8 years$4,628$4,272$3,943$3,637$3,354$3,118
9 years$4,072$3,720$3,396$3,098$2,825$2,598
10 years$3,628$3,279$2,960$2,670$2,407$2,190
11 years$3,264$2,919$2,606$2,324$2,070$1,863
12 years$2,962$2,620$2,313$2,038$1,794$1,597
13 years$2,706$2,368$2,067$1,800$1,564$1,376
14 years$2,487$2,152$1,857$1,598$1,371$1,193
15 years$2,297$1,966$1,676$1,425$1,207$1,038
16 years$2,131$1,804$1,520$1,276$1,067$906
17 years$1,985$1,661$1,383$1,146$946$794
18 years$1,855$1,535$1,263$1,033$841$697
19 years$1,739$1,423$1,156$933$750$613
20 years$1,635$1,322$1,061$845$670$541
21 years$1,541$1,231$976$767$599$478
22 years$1,455$1,149$899$698$537$422
23 years$1,377$1,075$830$635$482$374
24 years$1,306$1,007$768$579$433$332
25 years$1,240$945$711$529$390$294
26 years$1,180$888$660$484$351$262
27 years$1,124$836$613$443$317$232
28 years$1,072$788$569$406$286$207
29 years$1,024$743$530$372$258$184
30 years$979$702$494$341$233$164
31 years$937$664$460$314$211$146
32 years$898$628$429$288$191$130
33 years$861$595$401$265$173$116
34 years$827$564$375$244$156$104
35 years$794$534$350$224$142$92
36 years$764$507$328$207$128$82
37 years$735$482$307$190$116$74
38 years$708$458$287$176$105$66
39 years$682$435$269$162$96$59
40 years$658$414$252$149$87$52
41 years$634$394$236$138$79$47
42 years$612$376$222$127$71$42
43 years$591$358$208$117$65$37
44 years$571$341$195$108$59$33
45 years$552$325$183$100$53$30
46 years$534$310$172$92$48$27
47 years$517$296$162$85$44$24
48 years$501$283$152$79$40$21
49 years$485$270$143$73$36$19
50 years$470$258$134$67$33$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $481,000, adding $5,158 every year, while hoping to spend $25,871 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: 31/50/19 Blend
55$481,000$481,000$481,000$481,000
56$535,382$509,889$502,434$548,662
57$562,465$507,348$491,739$556,533
58$591,443$503,814$479,819$562,293
59$622,482$499,213$466,604$567,944
60$655,764$493,464$452,025$573,494
61$691,490$486,481$436,006$578,950
62$729,878$478,175$418,468$584,325
63$771,170$468,449$399,330$589,635
64$815,628$457,202$378,507$594,900
65$863,544$444,327$355,909$600,146
66$915,236$429,710$331,443$605,403
67$971,054$413,230$305,010$610,709
68$1,031,384$394,760$276,510$616,109
69$1,096,647$374,166$245,836$621,656
70$1,167,310$351,304$212,875$627,411
71$1,243,882$326,025$177,513$633,447
72$1,326,926$298,168$139,628$639,850
73$1,417,060$267,565$99,093$646,718
74$1,514,963$234,039$55,776$654,162
75$1,621,384$197,401$9,539$662,313
76$1,737,144$157,453$0$671,320
77$1,863,148$113,984$0$689,421
78$2,000,393$66,773$0$711,328
79$2,149,973$15,585$0$735,357
80$2,313,095$0$0$761,790
81$2,491,086$0$0$812,855
82$2,685,407$0$0$878,038
83$2,897,666$0$0$949,310
84$3,129,634$0$0$1,027,276
85$3,383,258$0$0$1,112,600
86$3,660,686$0$0$1,206,015
87$3,964,281$0$0$1,308,325
88$4,296,643$0$0$1,420,420
89$4,660,638$0$0$1,543,275
90$5,059,422$0$0$1,677,967
91$5,496,469$0$0$1,825,682
92$5,975,606$0$0$1,987,726
93$6,501,047$0$0$2,165,537
94$7,077,435$0$0$2,360,699
95$7,709,883$0$0$2,574,958
96$8,404,023$0$0$2,810,235
97$9,166,058$0$0$3,068,648
98$10,002,824$0$0$3,352,530
99$10,921,847$0$0$3,664,450
100$11,931,420$0$0$4,007,241