Can I retire at age 56 with 484,000?

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 $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%15.3%
1 years$39,968$39,612$39,265$38,926$38,595$37,754
2 years$19,786$19,418$19,061$18,714$18,378$17,535
3 years$13,060$12,690$12,333$11,990$11,660$10,841
4 years$9,697$9,328$8,976$8,638$8,316$7,528
5 years$7,680$7,313$6,965$6,635$6,322$5,566
6 years$6,336$5,972$5,629$5,306$5,002$4,280
7 years$5,376$5,015$4,678$4,363$4,068$3,380
8 years$4,657$4,299$3,967$3,660$3,375$2,720
9 years$4,097$3,743$3,417$3,117$2,842$2,221
10 years$3,650$3,299$2,979$2,687$2,422$1,832
11 years$3,285$2,937$2,623$2,339$2,083$1,525
12 years$2,980$2,636$2,328$2,051$1,805$1,278
13 years$2,723$2,382$2,079$1,811$1,574$1,077
14 years$2,502$2,166$1,868$1,608$1,380$911
15 years$2,311$1,978$1,687$1,434$1,215$774
16 years$2,144$1,815$1,529$1,284$1,074$660
17 years$1,997$1,672$1,392$1,153$952$564
18 years$1,867$1,545$1,270$1,039$846$483
19 years$1,750$1,432$1,163$939$754$414
20 years$1,645$1,330$1,067$851$674$356
21 years$1,550$1,239$982$772$603$306
22 years$1,464$1,157$905$702$541$264
23 years$1,386$1,082$835$639$485$227
24 years$1,314$1,014$773$583$436$196
25 years$1,248$951$716$532$392$169
26 years$1,187$894$664$487$353$146
27 years$1,131$841$616$446$319$126
28 years$1,079$793$573$408$288$109
29 years$1,030$748$533$374$260$95
30 years$985$706$497$344$235$82
31 years$943$668$463$316$212$71
32 years$904$632$432$290$192$61
33 years$867$598$403$267$174$53
34 years$832$567$377$245$157$46
35 years$799$538$352$226$142$40
36 years$769$510$330$208$129$35
37 years$740$485$309$192$117$30
38 years$712$461$289$177$106$26
39 years$686$438$271$163$96$22
40 years$662$417$254$150$87$19
41 years$638$397$238$139$79$17
42 years$616$378$223$128$72$15
43 years$595$360$209$118$65$13
44 years$575$343$197$109$59$11
45 years$556$327$185$101$54$10
46 years$538$312$173$93$49$8
47 years$520$298$163$86$44$7
48 years$504$284$153$79$40$6
49 years$488$272$144$73$37$5
50 years$473$259$135$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $484,000, adding $2,303 every year, while hoping to spend $30,596 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: 48/29/23 Blend
55$484,000$484,000$484,000$484,000
56$535,744$510,092$502,590$557,862
57$557,835$502,532$486,872$565,987
58$581,155$493,577$469,603$571,566
59$605,796$483,125$450,698$577,001
60$631,859$471,070$430,068$582,294
61$659,455$457,299$407,622$587,446
62$688,705$441,692$383,263$592,462
63$719,741$424,123$356,890$597,350
64$752,707$404,458$328,399$602,121
65$787,762$382,555$297,679$606,789
66$825,079$358,265$264,616$611,372
67$864,846$331,429$229,089$615,895
68$907,271$301,879$190,974$620,385
69$952,580$269,440$150,140$624,880
70$1,001,024$233,923$106,450$629,420
71$1,052,874$195,131$59,762$634,057
72$1,108,430$152,855$9,927$638,849
73$1,168,020$106,875$0$643,867
74$1,232,004$56,957$0$659,806
75$1,300,777$2,856$0$679,436
76$1,374,772$0$0$700,468
77$1,454,466$0$0$740,841
78$1,540,383$0$0$785,389
79$1,633,096$0$0$833,505
80$1,733,237$0$0$885,519
81$1,841,499$0$0$941,800
82$1,958,646$0$0$1,002,750
83$2,085,515$0$0$1,068,809
84$2,223,029$0$0$1,140,467
85$2,372,199$0$0$1,218,256
86$2,534,141$0$0$1,302,765
87$2,710,080$0$0$1,394,643
88$2,901,365$0$0$1,494,600
89$3,109,480$0$0$1,603,421
90$3,336,055$0$0$1,721,967
91$3,582,887$0$0$1,851,188
92$3,851,953$0$0$1,992,126
93$4,145,427$0$0$2,145,932
94$4,465,704$0$0$2,313,871
95$4,815,419$0$0$2,497,334
96$5,197,472$0$0$2,697,855
97$5,615,057$0$0$2,917,122
98$6,071,690$0$0$3,156,992
99$6,571,243$0$0$3,419,513
100$7,117,977$0$0$3,706,937