Can I retire at age 56 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$43,437$43,050$42,672$42,304$41,944$40,930
2 years$21,503$21,103$20,715$20,338$19,973$18,958
3 years$14,193$13,791$13,404$13,031$12,672$11,687
4 years$10,539$10,138$9,755$9,388$9,038$8,090
5 years$8,347$7,948$7,570$7,211$6,870$5,963
6 years$6,886$6,490$6,118$5,767$5,436$4,571
7 years$5,843$5,451$5,084$4,741$4,421$3,597
8 years$5,061$4,672$4,311$3,977$3,668$2,885
9 years$4,453$4,068$3,713$3,388$3,089$2,346
10 years$3,967$3,586$3,237$2,920$2,632$1,929
11 years$3,570$3,192$2,850$2,541$2,263$1,599
12 years$3,239$2,865$2,529$2,229$1,961$1,335
13 years$2,959$2,589$2,260$1,968$1,710$1,120
14 years$2,719$2,353$2,031$1,747$1,499$944
15 years$2,512$2,150$1,833$1,558$1,320$799
16 years$2,330$1,973$1,662$1,395$1,167$678
17 years$2,171$1,817$1,513$1,253$1,035$577
18 years$2,029$1,679$1,381$1,130$920$492
19 years$1,902$1,556$1,264$1,021$820$420
20 years$1,788$1,446$1,160$924$732$359
21 years$1,685$1,347$1,067$839$655$307
22 years$1,591$1,257$983$763$587$264
23 years$1,506$1,176$908$695$527$226
24 years$1,428$1,102$840$634$474$194
25 years$1,356$1,034$778$579$426$167
26 years$1,290$972$721$529$384$143
27 years$1,229$914$670$484$346$123
28 years$1,172$862$623$444$313$106
29 years$1,120$813$579$407$282$91
30 years$1,071$768$540$373$255$79
31 years$1,025$726$503$343$231$68
32 years$982$687$469$315$209$58
33 years$942$650$438$290$189$50
34 years$904$616$410$267$171$43
35 years$869$584$383$245$155$37
36 years$835$555$358$226$140$32
37 years$804$527$335$208$127$28
38 years$774$501$314$192$115$24
39 years$746$476$294$177$104$21
40 years$719$453$276$163$95$18
41 years$694$431$259$151$86$15
42 years$670$411$243$139$78$13
43 years$647$391$228$128$71$11
44 years$625$373$214$119$64$10
45 years$604$356$201$109$58$9
46 years$584$339$188$101$53$7
47 years$565$324$177$93$48$6
48 years$547$309$166$86$44$5
49 years$530$295$156$80$40$5
50 years$514$282$147$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $526,000, adding $6,599 every year, while hoping to spend $35,883 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: 70/8/22 Blend
55$526,000$526,000$526,000$526,000
56$586,459$558,581$550,428$623,858
57$608,098$547,772$530,688$638,876
58$630,743$535,231$509,084$650,478
59$654,456$520,835$485,516$662,307
60$679,308$504,454$459,879$674,380
61$705,376$485,950$432,063$686,720
62$732,741$465,178$401,954$699,353
63$761,493$441,984$369,431$712,307
64$791,728$416,205$334,371$725,616
65$823,554$387,668$296,641$739,316
66$857,085$356,192$256,107$753,451
67$892,445$321,584$212,625$768,069
68$929,773$283,640$166,046$783,224
69$969,217$242,145$116,215$798,979
70$1,010,938$196,871$62,970$815,402
71$1,055,116$147,580$6,141$832,571
72$1,101,943$94,017$0$850,576
73$1,151,632$35,914$0$882,310
74$1,204,413$0$0$917,459
75$1,260,540$0$0$957,128
76$1,320,291$0$0$1,002,739
77$1,383,968$0$0$1,051,364
78$1,451,904$0$0$1,103,259
79$1,524,463$0$0$1,158,704
80$1,602,044$0$0$1,218,005
81$1,685,083$0$0$1,281,501
82$1,774,061$0$0$1,349,560
83$1,869,503$0$0$1,422,587
84$1,971,987$0$0$1,501,027
85$2,082,146$0$0$1,585,368
86$2,200,674$0$0$1,676,146
87$2,328,337$0$0$1,773,949
88$2,465,971$0$0$1,879,423
89$2,614,499$0$0$1,993,278
90$2,774,932$0$0$2,116,295
91$2,948,382$0$0$2,249,329
92$3,136,073$0$0$2,393,324
93$3,339,347$0$0$2,549,316
94$3,559,681$0$0$2,718,442
95$3,798,701$0$0$2,901,956
96$4,058,193$0$0$3,101,235
97$4,340,122$0$0$3,317,793
98$4,646,649$0$0$3,553,298
99$4,980,153$0$0$3,809,582
100$5,343,250$0$0$4,088,664