Can I retire at age 56 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$44,015$43,623$43,240$42,867$42,502$41,610
2 years$21,789$21,384$20,990$20,609$20,239$19,344
3 years$14,382$13,974$13,582$13,204$12,841$11,971
4 years$10,679$10,273$9,884$9,513$9,158$8,321
5 years$8,458$8,054$7,671$7,307$6,962$6,159
6 years$6,977$6,577$6,199$5,843$5,509$4,741
7 years$5,920$5,523$5,151$4,804$4,480$3,748
8 years$5,128$4,734$4,369$4,030$3,717$3,020
9 years$4,512$4,122$3,763$3,433$3,130$2,468
10 years$4,020$3,633$3,281$2,959$2,667$2,039
11 years$3,617$3,235$2,888$2,575$2,294$1,699
12 years$3,282$2,903$2,563$2,259$1,988$1,426
13 years$2,998$2,624$2,290$1,994$1,733$1,203
14 years$2,755$2,385$2,058$1,770$1,519$1,020
15 years$2,545$2,179$1,858$1,579$1,338$867
16 years$2,361$1,999$1,684$1,414$1,182$740
17 years$2,199$1,841$1,533$1,270$1,048$633
18 years$2,056$1,701$1,399$1,145$932$543
19 years$1,927$1,576$1,281$1,034$831$466
20 years$1,811$1,465$1,175$937$742$401
21 years$1,707$1,365$1,081$850$664$346
22 years$1,612$1,274$996$773$595$298
23 years$1,526$1,191$920$704$534$258
24 years$1,447$1,116$851$642$480$223
25 years$1,374$1,047$788$586$432$192
26 years$1,307$984$731$536$389$167
27 years$1,245$926$679$491$351$144
28 years$1,188$873$631$450$317$125
29 years$1,135$824$587$412$286$108
30 years$1,085$778$547$378$258$94
31 years$1,039$735$510$348$234$81
32 years$995$696$476$319$211$71
33 years$955$659$444$294$191$61
34 years$916$624$415$270$173$53
35 years$880$592$388$249$157$46
36 years$847$562$363$229$142$40
37 years$815$534$340$211$129$35
38 years$784$507$318$195$117$30
39 years$756$483$298$179$106$26
40 years$729$459$279$165$96$23
41 years$703$437$262$153$87$20
42 years$679$416$246$141$79$17
43 years$655$397$231$130$72$15
44 years$633$378$216$120$65$13
45 years$612$360$203$111$59$11
46 years$592$344$191$102$54$10
47 years$573$328$179$95$49$8
48 years$555$313$169$87$44$7
49 years$537$299$158$81$40$6
50 years$520$286$149$75$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $533,000, adding $3,694 every year, while hoping to spend $28,519 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: 43/38/19 Blend
55$533,000$533,000$533,000$533,000
56$591,176$562,927$554,666$613,184
57$621,132$560,167$542,903$626,320
58$653,188$556,315$529,791$637,465
59$687,527$551,289$515,253$648,947
60$724,352$544,999$499,211$660,810
61$763,885$537,352$481,583$673,105
62$806,367$528,249$462,282$685,891
63$852,066$517,583$441,218$699,235
64$901,276$505,243$418,298$713,213
65$954,317$491,111$393,422$727,911
66$1,011,543$475,061$366,487$743,426
67$1,073,343$456,962$337,387$759,868
68$1,140,143$436,672$306,009$777,362
69$1,212,412$414,043$272,234$796,048
70$1,290,666$388,919$235,942$816,083
71$1,375,471$361,134$197,003$837,645
72$1,467,451$330,511$155,285$860,934
73$1,567,291$296,866$110,646$886,171
74$1,675,744$260,002$62,943$913,609
75$1,793,640$219,712$12,022$943,528
76$1,921,891$175,778$0$976,241
77$2,061,501$127,968$0$1,020,678
78$2,213,574$76,038$0$1,071,813
79$2,379,324$19,730$0$1,127,676
80$2,560,091$0$0$1,188,794
81$2,757,344$0$0$1,272,988
82$2,972,706$0$0$1,373,980
83$3,207,959$0$0$1,484,365
84$3,465,067$0$0$1,605,072
85$3,746,192$0$0$1,737,124
86$4,053,713$0$0$1,881,648
87$4,390,252$0$0$2,039,884
88$4,758,695$0$0$2,213,199
89$5,162,219$0$0$2,403,098
90$5,604,323$0$0$2,611,236
91$6,088,863$0$0$2,839,441
92$6,620,081$0$0$3,089,720
93$7,202,654$0$0$3,364,289
94$7,841,730$0$0$3,665,586
95$8,542,980$0$0$3,996,296
96$9,312,652$0$0$4,359,378
97$10,157,626$0$0$4,758,092
98$11,085,483$0$0$5,196,028
99$12,104,573$0$0$5,677,140
100$13,224,093$0$0$6,205,786