Can I retire at age 56 with 486,000?

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 $486,000?

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$40,133$39,776$39,427$39,087$38,754$37,910
2 years$19,868$19,498$19,139$18,792$18,454$17,608
3 years$13,114$12,742$12,384$12,040$11,708$10,886
4 years$9,737$9,367$9,013$8,674$8,350$7,559
5 years$7,712$7,344$6,994$6,663$6,348$5,589
6 years$6,362$5,997$5,652$5,328$5,023$4,298
7 years$5,398$5,036$4,697$4,381$4,085$3,394
8 years$4,676$4,317$3,984$3,675$3,389$2,732
9 years$4,114$3,759$3,431$3,130$2,854$2,230
10 years$3,665$3,313$2,991$2,698$2,432$1,840
11 years$3,298$2,949$2,633$2,348$2,091$1,531
12 years$2,992$2,647$2,337$2,060$1,812$1,283
13 years$2,734$2,392$2,088$1,818$1,580$1,081
14 years$2,512$2,175$1,876$1,614$1,385$915
15 years$2,321$1,986$1,694$1,440$1,220$777
16 years$2,153$1,823$1,536$1,289$1,078$662
17 years$2,005$1,678$1,397$1,158$956$566
18 years$1,874$1,551$1,276$1,044$850$485
19 years$1,757$1,437$1,168$943$758$416
20 years$1,652$1,336$1,072$854$677$357
21 years$1,557$1,244$986$775$606$307
22 years$1,470$1,161$909$705$543$265
23 years$1,391$1,086$839$642$487$228
24 years$1,319$1,018$776$585$438$197
25 years$1,253$955$719$535$394$170
26 years$1,192$898$666$489$355$147
27 years$1,135$845$619$447$320$127
28 years$1,083$796$575$410$289$110
29 years$1,035$751$535$376$261$95
30 years$989$709$499$345$236$82
31 years$947$670$465$317$213$71
32 years$907$634$434$291$193$62
33 years$870$601$405$268$174$53
34 years$836$569$378$246$158$46
35 years$803$540$354$227$143$40
36 years$772$513$331$209$130$35
37 years$743$487$310$192$117$30
38 years$715$463$290$177$106$26
39 years$689$440$272$164$97$23
40 years$664$419$255$151$88$20
41 years$641$398$239$139$79$17
42 years$619$379$224$128$72$15
43 years$598$362$210$119$65$13
44 years$577$345$197$110$59$11
45 years$558$329$185$101$54$10
46 years$540$314$174$93$49$8
47 years$522$299$164$86$44$7
48 years$506$286$154$80$40$6
49 years$490$273$144$74$37$5
50 years$475$261$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $486,000, adding $3,355 every year, while hoping to spend $23,944 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: 43/45/12 Blend
55$486,000$486,000$486,000$486,000
56$539,033$513,275$505,742$560,197
57$568,538$512,949$497,208$574,990
58$600,250$511,805$487,586$588,340
59$634,369$509,777$476,813$602,272
60$671,114$506,795$464,826$616,850
61$710,727$502,787$451,557$632,145
62$753,471$497,674$436,934$648,236
63$799,639$491,373$420,885$665,214
64$849,548$483,797$403,331$683,178
65$903,552$474,853$384,192$702,242
66$962,035$464,442$363,384$722,532
67$1,025,423$452,460$340,817$744,188
68$1,094,182$438,796$316,400$767,369
69$1,168,826$423,334$290,037$792,250
70$1,249,919$405,950$261,626$819,028
71$1,338,082$386,514$231,062$847,924
72$1,433,999$364,886$198,236$879,181
73$1,538,422$340,920$163,032$913,074
74$1,652,178$314,462$125,330$949,905
75$1,776,178$285,348$85,006$990,014
76$1,911,423$253,405$41,929$1,033,778
77$2,059,016$218,450$0$1,081,617
78$2,220,172$180,290$0$1,134,514
79$2,396,226$138,721$0$1,198,233
80$2,588,650$93,528$0$1,267,995
81$2,799,064$44,482$0$1,344,461
82$3,029,251$0$0$1,428,362
83$3,281,174$0$0$1,524,795
84$3,556,995$0$0$1,654,550
85$3,859,097$0$0$1,796,729
86$4,190,101$0$0$1,952,572
87$4,552,894$0$0$2,123,447
88$4,950,657$0$0$2,310,861
89$5,386,894$0$0$2,516,472
90$5,865,461$0$0$2,742,106
91$6,390,609$0$0$2,989,778
92$6,967,019$0$0$3,261,704
93$7,599,847$0$0$3,560,325
94$8,294,771$0$0$3,888,333
95$9,058,050$0$0$4,248,690
96$9,896,576$0$0$4,644,661
97$10,817,941$0$0$5,079,844
98$11,830,511$0$0$5,558,201
99$12,943,501$0$0$6,084,096
100$14,167,063$0$0$6,662,340