Can I retire at age 56 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$39,968$39,612$39,265$38,926$38,595$38,050
2 years$19,786$19,418$19,061$18,714$18,378$17,830
3 years$13,060$12,690$12,333$11,990$11,660$11,126
4 years$9,697$9,328$8,976$8,638$8,316$7,800
5 years$7,680$7,313$6,965$6,635$6,322$5,825
6 years$6,336$5,972$5,629$5,306$5,002$4,526
7 years$5,376$5,015$4,678$4,363$4,068$3,612
8 years$4,657$4,299$3,967$3,660$3,375$2,939
9 years$4,097$3,743$3,417$3,117$2,842$2,427
10 years$3,650$3,299$2,979$2,687$2,422$2,026
11 years$3,285$2,937$2,623$2,339$2,083$1,706
12 years$2,980$2,636$2,328$2,051$1,805$1,448
13 years$2,723$2,382$2,079$1,811$1,574$1,235
14 years$2,502$2,166$1,868$1,608$1,380$1,059
15 years$2,311$1,978$1,687$1,434$1,215$911
16 years$2,144$1,815$1,529$1,284$1,074$787
17 years$1,997$1,672$1,392$1,153$952$682
18 years$1,867$1,545$1,270$1,039$846$592
19 years$1,750$1,432$1,163$939$754$515
20 years$1,645$1,330$1,067$851$674$449
21 years$1,550$1,239$982$772$603$391
22 years$1,464$1,157$905$702$541$342
23 years$1,386$1,082$835$639$485$299
24 years$1,314$1,014$773$583$436$262
25 years$1,248$951$716$532$392$230
26 years$1,187$894$664$487$353$202
27 years$1,131$841$616$446$319$177
28 years$1,079$793$573$408$288$155
29 years$1,030$748$533$374$260$137
30 years$985$706$497$344$235$120
31 years$943$668$463$316$212$106
32 years$904$632$432$290$192$93
33 years$867$598$403$267$174$82
34 years$832$567$377$245$157$72
35 years$799$538$352$226$142$63
36 years$769$510$330$208$129$56
37 years$740$485$309$192$117$49
38 years$712$461$289$177$106$43
39 years$686$438$271$163$96$38
40 years$662$417$254$150$87$34
41 years$638$397$238$139$79$30
42 years$616$378$223$128$72$26
43 years$595$360$209$118$65$23
44 years$575$343$197$109$59$20
45 years$556$327$185$101$54$18
46 years$538$312$173$93$49$16
47 years$520$298$163$86$44$14
48 years$504$284$153$79$40$12
49 years$488$272$144$73$37$11
50 years$473$259$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 $484,000, adding $4,599 every year, while hoping to spend $30,718 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: 35/42/23 Blend
55$484,000$484,000$484,000$484,000
56$538,112$512,460$504,958$553,057
57$560,316$504,887$489,190$556,931
58$583,755$495,913$471,865$557,965
59$608,522$485,437$452,897$558,462
60$634,721$473,353$432,199$558,393
61$662,462$459,547$409,677$557,728
62$691,867$443,899$385,235$556,440
63$723,069$426,281$358,772$554,500
64$756,214$406,561$330,182$551,878
65$791,460$384,595$299,356$548,549
66$828,982$360,233$266,177$544,486
67$868,970$333,316$230,526$539,663
68$911,633$303,677$192,277$534,057
69$957,199$271,137$151,298$527,648
70$1,005,920$235,509$107,453$520,415
71$1,058,069$196,594$60,598$512,345
72$1,113,948$154,183$10,584$503,426
73$1,173,887$108,055$0$493,649
74$1,238,250$57,975$0$493,516
75$1,307,432$3,697$0$495,983
76$1,381,873$0$0$498,504
77$1,462,050$0$0$526,579
78$1,548,491$0$0$558,744
79$1,641,774$0$0$593,510
80$1,742,536$0$0$631,122
81$1,851,474$0$0$671,849
82$1,969,356$0$0$715,985
83$2,097,027$0$0$763,854
84$2,235,414$0$0$815,814
85$2,385,538$0$0$872,256
86$2,548,522$0$0$933,611
87$2,725,599$0$0$1,000,355
88$2,918,128$0$0$1,073,010
89$3,127,601$0$0$1,152,150
90$3,355,664$0$0$1,238,407
91$3,604,124$0$0$1,332,478
92$3,874,972$0$0$1,435,129
93$4,170,397$0$0$1,547,202
94$4,492,812$0$0$1,669,626
95$4,844,870$0$0$1,803,422
96$5,229,491$0$0$1,949,715
97$5,649,894$0$0$2,109,745
98$6,109,617$0$0$2,284,873
99$6,612,561$0$0$2,476,603
100$7,163,018$0$0$2,686,587