Can I retire at age 56 with 525,000?

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 $525,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$43,354$42,968$42,591$42,223$41,864$40,720
2 years$21,462$21,063$20,675$20,300$19,935$18,791
3 years$14,166$13,765$13,378$13,006$12,648$11,539
4 years$10,519$10,118$9,736$9,370$9,021$7,956
5 years$8,331$7,933$7,556$7,197$6,857$5,840
6 years$6,873$6,478$6,106$5,756$5,426$4,456
7 years$5,832$5,440$5,074$4,732$4,413$3,491
8 years$5,051$4,663$4,303$3,970$3,661$2,787
9 years$4,444$4,060$3,706$3,381$3,083$2,256
10 years$3,959$3,579$3,231$2,915$2,627$1,845
11 years$3,563$3,186$2,845$2,537$2,259$1,522
12 years$3,232$2,860$2,525$2,225$1,958$1,264
13 years$2,953$2,584$2,256$1,964$1,707$1,055
14 years$2,714$2,349$2,027$1,744$1,496$884
15 years$2,507$2,146$1,830$1,555$1,318$744
16 years$2,326$1,969$1,659$1,392$1,165$628
17 years$2,166$1,813$1,510$1,251$1,033$531
18 years$2,025$1,675$1,378$1,127$918$450
19 years$1,898$1,553$1,262$1,019$818$382
20 years$1,784$1,443$1,158$923$731$325
21 years$1,681$1,344$1,065$837$654$276
22 years$1,588$1,255$982$761$586$235
23 years$1,503$1,173$906$693$526$201
24 years$1,425$1,099$838$632$473$171
25 years$1,354$1,032$776$578$426$146
26 years$1,288$970$720$528$383$125
27 years$1,227$913$669$483$346$107
28 years$1,170$860$622$443$312$91
29 years$1,118$811$578$406$282$78
30 years$1,069$766$539$373$255$67
31 years$1,023$724$502$342$230$57
32 years$980$685$469$315$208$49
33 years$940$649$438$289$188$42
34 years$903$615$409$266$171$36
35 years$867$583$382$245$154$31
36 years$834$554$358$226$140$26
37 years$802$526$335$208$127$23
38 years$773$500$313$192$115$19
39 years$744$475$294$177$104$17
40 years$718$452$275$163$95$14
41 years$692$430$258$150$86$12
42 years$668$410$242$139$78$10
43 years$646$391$227$128$71$9
44 years$624$372$213$118$64$8
45 years$603$355$200$109$58$7
46 years$583$339$188$101$53$6
47 years$564$323$177$93$48$5
48 years$546$309$166$86$44$4
49 years$529$295$156$80$40$4
50 years$513$281$147$74$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $525,000, adding $5,811 every year, while hoping to spend $29,421 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: 26/45/29 Blend
55$525,000$525,000$525,000$525,000
56$584,544$556,719$548,582$594,352
57$612,864$552,695$535,655$598,866
58$643,086$547,487$521,310$600,825
59$675,374$541,007$505,467$602,328
60$709,906$533,160$488,044$603,357
61$746,878$523,847$468,955$603,896
62$786,505$512,960$448,111$603,928
63$829,023$500,389$425,416$603,442
64$874,689$486,015$400,774$602,424
65$923,788$469,710$374,081$600,867
66$976,632$451,344$345,230$598,764
67$1,033,562$430,773$314,109$596,114
68$1,094,955$407,850$280,600$592,919
69$1,161,222$382,417$244,583$589,186
70$1,232,819$354,307$205,928$584,928
71$1,310,242$323,344$164,502$580,165
72$1,394,040$289,341$120,166$574,925
73$1,484,815$252,102$72,775$569,243
74$1,583,230$211,419$22,177$563,165
75$1,690,013$167,071$0$556,750
76$1,805,964$118,828$0$559,914
77$1,931,965$66,443$0$570,858
78$2,068,984$9,657$0$582,868
79$2,218,088$0$0$596,121
80$2,380,449$0$0$636,467
81$2,557,359$0$0$685,719
82$2,750,239$0$0$739,502
83$2,960,650$0$0$798,262
84$3,190,315$0$0$862,490
85$3,441,128$0$0$932,727
86$3,715,174$0$0$1,009,570
87$4,014,749$0$0$1,093,675
88$4,342,380$0$0$1,185,764
89$4,700,851$0$0$1,286,633
90$5,093,225$0$0$1,397,158
91$5,522,878$0$0$1,518,304
92$5,993,524$0$0$1,651,134
93$6,509,257$0$0$1,796,819
94$7,074,583$0$0$1,956,647
95$7,694,465$0$0$2,132,040
96$8,374,372$0$0$2,324,560
97$9,120,323$0$0$2,535,932
98$9,938,952$0$0$2,768,053
99$10,837,565$0$0$3,023,014
100$11,824,209$0$0$3,303,119