Can I retire at age 56 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$43,024$42,640$42,267$41,902$41,545$40,657
2 years$21,299$20,902$20,518$20,145$19,783$18,892
3 years$14,058$13,660$13,276$12,907$12,551$11,686
4 years$10,439$10,041$9,662$9,299$8,952$8,118
5 years$8,267$7,873$7,498$7,142$6,805$6,006
6 years$6,820$6,429$6,059$5,712$5,385$4,621
7 years$5,787$5,399$5,035$4,696$4,379$3,651
8 years$5,013$4,628$4,270$3,939$3,633$2,940
9 years$4,411$4,029$3,678$3,355$3,059$2,401
10 years$3,929$3,552$3,207$2,892$2,607$1,983
11 years$3,536$3,162$2,823$2,517$2,242$1,651
12 years$3,208$2,838$2,505$2,208$1,943$1,385
13 years$2,931$2,565$2,238$1,949$1,694$1,167
14 years$2,693$2,331$2,011$1,730$1,485$989
15 years$2,488$2,130$1,816$1,543$1,308$841
16 years$2,308$1,954$1,646$1,382$1,156$717
17 years$2,150$1,799$1,498$1,242$1,025$613
18 years$2,009$1,663$1,368$1,119$911$525
19 years$1,884$1,541$1,252$1,011$812$451
20 years$1,771$1,432$1,149$916$725$388
21 years$1,669$1,334$1,057$831$649$334
22 years$1,576$1,245$974$756$582$288
23 years$1,492$1,164$899$688$522$248
24 years$1,414$1,091$832$628$469$214
25 years$1,343$1,024$770$573$422$185
26 years$1,278$962$714$524$381$160
27 years$1,217$906$663$480$343$138
28 years$1,161$853$617$440$310$120
29 years$1,109$805$574$403$280$104
30 years$1,061$760$535$370$253$90
31 years$1,015$719$498$340$228$78
32 years$973$680$465$312$207$67
33 years$933$644$434$287$187$58
34 years$896$610$406$264$169$51
35 years$861$579$379$243$153$44
36 years$827$550$355$224$139$38
37 years$796$522$332$206$126$33
38 years$767$496$311$190$114$29
39 years$739$472$291$175$103$25
40 years$712$449$273$162$94$22
41 years$687$427$256$149$85$19
42 years$663$407$240$138$77$16
43 years$641$388$225$127$70$14
44 years$619$369$212$117$64$12
45 years$598$352$199$108$58$11
46 years$579$336$187$100$52$9
47 years$560$321$175$93$48$8
48 years$542$306$165$85$43$7
49 years$525$292$155$79$39$6
50 years$509$279$146$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $521,000, adding $3,331 every year, while hoping to spend $33,649 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: 64/30/6 Blend
55$521,000$521,000$521,000$521,000
56$577,578$549,965$541,889$613,749
57$600,689$541,111$524,240$629,385
58$625,029$530,695$504,872$642,165
59$650,688$518,606$483,692$655,240
60$677,765$504,724$460,603$668,635
61$706,366$488,925$435,502$682,379
62$736,608$471,075$408,283$696,507
63$768,617$451,032$378,836$711,058
64$802,533$428,650$347,044$726,074
65$838,507$403,769$312,786$741,606
66$876,705$376,224$275,934$757,712
67$917,309$345,839$236,358$774,454
68$960,516$312,427$193,917$791,907
69$1,006,543$275,791$148,469$810,152
70$1,055,630$235,723$99,861$829,282
71$1,108,035$192,005$47,938$849,403
72$1,164,045$144,404$0$870,633
73$1,223,972$92,674$0$893,583
74$1,288,160$36,557$0$921,230
75$1,356,983$0$0$950,681
76$1,430,856$0$0$990,133
77$1,510,231$0$0$1,045,515
78$1,595,605$0$0$1,105,110
79$1,687,524$0$0$1,169,301
80$1,786,587$0$0$1,238,511
81$1,893,454$0$0$1,313,203
82$2,008,846$0$0$1,393,888
83$2,133,560$0$0$1,481,124
84$2,268,469$0$0$1,575,529
85$2,414,534$0$0$1,677,777
86$2,572,809$0$0$1,788,613
87$2,744,456$0$0$1,908,855
88$2,930,751$0$0$2,039,403
89$3,133,099$0$0$2,181,246
90$3,353,044$0$0$2,335,472
91$3,592,285$0$0$2,503,279
92$3,852,692$0$0$2,685,984
93$4,136,320$0$0$2,885,037
94$4,445,434$0$0$3,102,034
95$4,782,525$0$0$3,338,731
96$5,150,335$0$0$3,597,059
97$5,551,880$0$0$3,879,147
98$5,990,484$0$0$4,187,337
99$6,469,804$0$0$4,524,206
100$6,993,865$0$0$4,892,593