Can I retire at age 56 with 482,000?

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 $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%16.3%
1 years$39,803$39,449$39,103$38,765$38,435$37,445
2 years$19,705$19,338$18,982$18,637$18,303$17,312
3 years$13,006$12,637$12,283$11,941$11,612$10,651
4 years$9,657$9,290$8,939$8,603$8,282$7,359
5 years$7,649$7,283$6,937$6,608$6,296$5,413
6 years$6,310$5,947$5,606$5,284$4,982$4,140
7 years$5,354$4,995$4,658$4,344$4,051$3,250
8 years$4,637$4,281$3,951$3,644$3,361$2,601
9 years$4,080$3,728$3,403$3,104$2,830$2,110
10 years$3,635$3,286$2,967$2,676$2,412$1,731
11 years$3,271$2,925$2,612$2,329$2,074$1,431
12 years$2,968$2,625$2,318$2,043$1,797$1,191
13 years$2,711$2,373$2,071$1,803$1,567$997
14 years$2,492$2,157$1,861$1,601$1,374$838
15 years$2,302$1,970$1,680$1,428$1,210$707
16 years$2,135$1,808$1,523$1,278$1,069$598
17 years$1,989$1,665$1,386$1,149$948$507
18 years$1,859$1,538$1,265$1,035$843$431
19 years$1,743$1,426$1,158$935$751$367
20 years$1,638$1,325$1,063$847$671$313
21 years$1,544$1,234$978$769$601$267
22 years$1,458$1,152$901$699$538$228
23 years$1,380$1,077$832$637$483$195
24 years$1,308$1,009$770$581$434$167
25 years$1,243$947$713$530$391$143
26 years$1,182$890$661$485$352$123
27 years$1,126$838$614$444$317$105
28 years$1,074$789$571$407$286$90
29 years$1,026$745$531$373$259$77
30 years$981$703$495$342$234$67
31 years$939$665$461$314$211$57
32 years$900$629$430$289$191$49
33 years$863$596$402$266$173$42
34 years$829$565$375$244$157$36
35 years$796$536$351$225$142$31
36 years$766$508$328$207$128$27
37 years$737$483$307$191$116$23
38 years$709$459$288$176$106$20
39 years$683$436$270$162$96$17
40 years$659$415$253$150$87$15
41 years$636$395$237$138$79$13
42 years$614$376$222$127$71$11
43 years$593$359$209$118$65$9
44 years$573$342$196$109$59$8
45 years$554$326$184$100$53$7
46 years$535$311$173$93$49$6
47 years$518$297$162$86$44$5
48 years$502$283$152$79$40$4
49 years$486$271$143$73$36$4
50 years$471$258$135$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $482,000, adding $2,595 every year, while hoping to spend $20,131 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: 69/18/13 Blend
55$482,000$482,000$482,000$482,000
56$533,841$508,295$500,824$568,963
57$566,873$511,782$496,182$596,128
58$602,600$514,765$490,710$623,179
59$641,276$517,199$484,359$652,251
60$683,178$519,034$477,077$683,541
61$728,614$520,218$468,811$717,264
62$777,921$520,697$459,504$753,660
63$831,468$520,411$449,098$792,990
64$889,666$519,299$437,530$835,546
65$952,961$517,293$424,736$881,647
66$1,021,847$514,325$410,649$931,645
67$1,096,868$510,319$395,198$985,932
68$1,178,620$505,197$378,310$1,044,936
69$1,267,763$498,875$359,906$1,109,131
70$1,365,019$491,264$339,908$1,179,041
71$1,471,186$482,271$318,229$1,255,241
72$1,587,140$471,795$294,783$1,338,369
73$1,713,847$459,732$269,477$1,429,127
74$1,852,370$445,970$242,215$1,528,288
75$2,003,879$430,390$212,897$1,636,707
76$2,169,663$412,867$181,417$1,755,326
77$2,351,140$393,269$147,666$1,885,185
78$2,549,874$371,457$111,531$2,027,429
79$2,767,585$347,282$72,890$2,183,324
80$3,006,167$320,587$31,621$2,354,263
81$3,267,707$291,207$0$2,541,785
82$3,554,505$258,968$0$2,749,310
83$3,869,090$223,683$0$2,981,778
84$4,214,253$185,159$0$3,236,881
85$4,593,063$143,188$0$3,516,917
86$5,008,904$97,552$0$3,824,415
87$5,465,502$48,022$0$4,162,167
88$5,966,962$0$0$4,533,247
89$6,517,807$0$0$4,942,163
90$7,123,017$0$0$5,401,917
91$7,788,081$0$0$5,907,169
92$8,519,046$0$0$6,462,515
93$9,322,570$0$0$7,073,021
94$10,205,994$0$0$7,744,265
95$11,177,401$0$0$8,482,394
96$12,245,700$0$0$9,294,181
97$13,420,703$0$0$10,187,088
98$14,713,224$0$0$11,169,336
99$16,135,175$0$0$12,249,983
100$17,699,683$0$0$13,439,009