Can I retire at age 56 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$43,519$43,132$42,753$42,384$42,024$41,499
2 years$21,544$21,143$20,754$20,377$20,011$19,483
3 years$14,220$13,817$13,429$13,056$12,696$12,181
4 years$10,559$10,157$9,773$9,406$9,055$8,557
5 years$8,363$7,963$7,584$7,225$6,883$6,404
6 years$6,899$6,503$6,129$5,778$5,447$4,986
7 years$5,854$5,461$5,093$4,750$4,430$3,988
8 years$5,070$4,681$4,320$3,985$3,675$3,253
9 years$4,461$4,076$3,720$3,394$3,095$2,692
10 years$3,974$3,592$3,244$2,926$2,637$2,253
11 years$3,576$3,198$2,856$2,546$2,268$1,902
12 years$3,245$2,870$2,534$2,233$1,965$1,618
13 years$2,964$2,594$2,264$1,972$1,714$1,384
14 years$2,724$2,358$2,034$1,750$1,502$1,190
15 years$2,517$2,154$1,837$1,561$1,323$1,027
16 years$2,335$1,976$1,665$1,398$1,169$889
17 years$2,175$1,820$1,515$1,256$1,036$772
18 years$2,032$1,682$1,383$1,132$922$672
19 years$1,905$1,559$1,266$1,023$821$587
20 years$1,791$1,448$1,162$926$734$513
21 years$1,688$1,349$1,069$841$657$449
22 years$1,594$1,259$985$764$589$393
23 years$1,509$1,178$910$696$528$345
24 years$1,431$1,104$841$635$475$303
25 years$1,359$1,036$779$580$427$267
26 years$1,292$973$723$530$385$235
27 years$1,231$916$671$485$347$207
28 years$1,175$863$624$445$313$182
29 years$1,122$814$581$408$283$160
30 years$1,073$769$541$374$255$142
31 years$1,027$727$504$344$231$125
32 years$984$688$470$316$209$110
33 years$944$651$439$290$189$97
34 years$906$617$410$267$171$86
35 years$870$586$384$246$155$76
36 years$837$556$359$227$140$67
37 years$805$528$336$209$127$59
38 years$776$502$315$192$115$52
39 years$747$477$295$177$105$46
40 years$720$454$276$164$95$41
41 years$695$432$259$151$86$36
42 years$671$411$243$139$78$32
43 years$648$392$228$129$71$28
44 years$626$374$214$119$64$25
45 years$605$356$201$110$58$22
46 years$585$340$189$101$53$20
47 years$567$324$177$94$48$17
48 years$548$310$167$86$44$15
49 years$531$296$157$80$40$14
50 years$515$283$147$74$36$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $527,000, adding $2,637 every year, while hoping to spend $31,612 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: 45/46/9 Blend
55$527,000$527,000$527,000$527,000
56$583,474$555,543$547,375$608,136
57$609,353$549,130$532,077$619,050
58$636,813$541,343$515,207$627,416
59$665,981$532,081$496,679$635,766
60$696,996$521,239$476,403$644,109
61$730,012$508,702$454,285$652,458
62$765,197$494,351$430,227$660,830
63$802,733$478,061$404,125$669,243
64$842,821$459,695$375,873$677,724
65$885,682$439,114$345,359$686,304
66$931,558$416,166$312,464$695,017
67$980,711$390,693$277,066$703,908
68$1,033,434$362,527$239,038$713,028
69$1,090,044$331,490$198,245$722,437
70$1,150,891$297,396$154,549$732,205
71$1,216,359$260,045$107,804$742,412
72$1,286,869$219,229$57,856$753,154
73$1,362,884$174,726$4,549$764,537
74$1,444,912$126,301$0$776,686
75$1,533,513$73,709$0$794,769
76$1,629,298$16,688$0$814,715
77$1,732,944$0$0$836,287
78$1,845,192$0$0$882,510
79$1,966,857$0$0$941,819
80$2,098,835$0$0$1,006,211
81$2,242,114$0$0$1,076,172
82$2,397,776$0$0$1,152,241
83$2,567,015$0$0$1,235,007
84$2,751,144$0$0$1,325,120
85$2,951,606$0$0$1,423,295
86$3,169,990$0$0$1,530,319
87$3,408,045$0$0$1,647,058
88$3,667,695$0$0$1,774,464
89$3,951,058$0$0$1,913,587
90$4,260,466$0$0$2,065,582
91$4,598,486$0$0$2,231,719
92$4,967,942$0$0$2,413,399
93$5,371,945$0$0$2,612,163
94$5,813,921$0$0$2,829,708
95$6,297,641$0$0$3,067,902
96$6,827,257$0$0$3,328,803
97$7,407,343$0$0$3,614,677
98$8,042,934$0$0$3,928,020
99$8,739,576$0$0$4,271,580
100$9,503,379$0$0$4,648,385