Can I retire at age 56 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$39,803$39,449$39,103$38,765$38,435$37,877
2 years$19,705$19,338$18,982$18,637$18,303$17,741
3 years$13,006$12,637$12,283$11,941$11,612$11,065
4 years$9,657$9,290$8,939$8,603$8,282$7,753
5 years$7,649$7,283$6,937$6,608$6,296$5,787
6 years$6,310$5,947$5,606$5,284$4,982$4,494
7 years$5,354$4,995$4,658$4,344$4,051$3,585
8 years$4,637$4,281$3,951$3,644$3,361$2,915
9 years$4,080$3,728$3,403$3,104$2,830$2,405
10 years$3,635$3,286$2,967$2,676$2,412$2,007
11 years$3,271$2,925$2,612$2,329$2,074$1,689
12 years$2,968$2,625$2,318$2,043$1,797$1,432
13 years$2,711$2,373$2,071$1,803$1,567$1,221
14 years$2,492$2,157$1,861$1,601$1,374$1,046
15 years$2,302$1,970$1,680$1,428$1,210$900
16 years$2,135$1,808$1,523$1,278$1,069$777
17 years$1,989$1,665$1,386$1,149$948$672
18 years$1,859$1,538$1,265$1,035$843$583
19 years$1,743$1,426$1,158$935$751$507
20 years$1,638$1,325$1,063$847$671$441
21 years$1,544$1,234$978$769$601$385
22 years$1,458$1,152$901$699$538$336
23 years$1,380$1,077$832$637$483$294
24 years$1,308$1,009$770$581$434$257
25 years$1,243$947$713$530$391$225
26 years$1,182$890$661$485$352$197
27 years$1,126$838$614$444$317$173
28 years$1,074$789$571$407$286$152
29 years$1,026$745$531$373$259$133
30 years$981$703$495$342$234$117
31 years$939$665$461$314$211$103
32 years$900$629$430$289$191$90
33 years$863$596$402$266$173$80
34 years$829$565$375$244$157$70
35 years$796$536$351$225$142$62
36 years$766$508$328$207$128$54
37 years$737$483$307$191$116$48
38 years$709$459$288$176$106$42
39 years$683$436$270$162$96$37
40 years$659$415$253$150$87$32
41 years$636$395$237$138$79$29
42 years$614$376$222$127$71$25
43 years$593$359$209$118$65$22
44 years$573$342$196$109$59$20
45 years$554$326$184$100$53$17
46 years$535$311$173$93$49$15
47 years$518$297$162$86$44$13
48 years$502$283$152$79$40$12
49 years$486$271$143$73$36$10
50 years$471$258$135$68$33$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $482,000, adding $2,216 every year, while hoping to spend $24,756 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: 61/21/18 Blend
55$482,000$482,000$482,000$482,000
56$533,450$507,904$500,433$563,398
57$561,521$506,451$490,857$582,415
58$591,627$504,097$480,131$600,204
59$623,947$500,772$468,190$619,043
60$658,681$496,401$454,965$639,038
61$696,047$490,906$440,387$660,306
62$736,286$484,202$424,382$682,974
63$779,659$476,200$406,871$707,187
64$826,458$466,807$387,775$733,102
65$876,999$455,923$367,008$760,897
66$931,632$443,442$344,481$790,766
67$990,740$429,253$320,103$822,925
68$1,054,746$413,237$293,778$857,615
69$1,124,114$395,269$265,403$895,100
70$1,199,353$375,217$234,873$935,675
71$1,281,025$352,941$202,080$979,667
72$1,369,747$328,292$166,907$1,027,435
73$1,466,197$301,115$129,234$1,079,379
74$1,571,123$271,242$88,937$1,135,942
75$1,685,345$238,501$45,883$1,197,613
76$1,809,767$202,705$0$1,264,933
77$1,945,385$163,659$0$1,338,515
78$2,093,293$121,157$0$1,428,413
79$2,254,697$74,981$0$1,526,568
80$2,430,922$24,901$0$1,633,822
81$2,623,428$0$0$1,751,101
82$2,833,824$0$0$1,886,206
83$3,063,879$0$0$2,040,263
84$3,315,541$0$0$2,208,826
85$3,590,955$0$0$2,393,337
86$3,892,484$0$0$2,595,383
87$4,222,730$0$0$2,816,712
88$4,584,557$0$0$3,059,250
89$4,981,121$0$0$3,325,116
90$5,415,895$0$0$3,616,647
91$5,892,707$0$0$3,936,413
92$6,415,773$0$0$4,287,247
93$6,989,734$0$0$4,672,270
94$7,619,706$0$0$5,094,919
95$8,311,321$0$0$5,558,980
96$9,070,784$0$0$6,068,622
97$9,904,931$0$0$6,628,441
98$10,821,293$0$0$7,243,497
99$11,828,164$0$0$7,919,366
100$12,934,684$0$0$8,662,190