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%11.2%
1 years$44,015$43,623$43,240$42,867$42,502$42,288
2 years$21,789$21,384$20,990$20,609$20,239$20,022
3 years$14,382$13,974$13,582$13,204$12,841$12,629
4 years$10,679$10,273$9,884$9,513$9,158$8,952
5 years$8,458$8,054$7,671$7,307$6,962$6,763
6 years$6,977$6,577$6,199$5,843$5,509$5,317
7 years$5,920$5,523$5,151$4,804$4,480$4,296
8 years$5,128$4,734$4,369$4,030$3,717$3,540
9 years$4,512$4,122$3,763$3,433$3,130$2,960
10 years$4,020$3,633$3,281$2,959$2,667$2,505
11 years$3,617$3,235$2,888$2,575$2,294$2,138
12 years$3,282$2,903$2,563$2,259$1,988$1,839
13 years$2,998$2,624$2,290$1,994$1,733$1,592
14 years$2,755$2,385$2,058$1,770$1,519$1,385
15 years$2,545$2,179$1,858$1,579$1,338$1,210
16 years$2,361$1,999$1,684$1,414$1,182$1,060
17 years$2,199$1,841$1,533$1,270$1,048$933
18 years$2,056$1,701$1,399$1,145$932$822
19 years$1,927$1,576$1,281$1,034$831$727
20 years$1,811$1,465$1,175$937$742$644
21 years$1,707$1,365$1,081$850$664$571
22 years$1,612$1,274$996$773$595$507
23 years$1,526$1,191$920$704$534$451
24 years$1,447$1,116$851$642$480$402
25 years$1,374$1,047$788$586$432$359
26 years$1,307$984$731$536$389$320
27 years$1,245$926$679$491$351$286
28 years$1,188$873$631$450$317$255
29 years$1,135$824$587$412$286$228
30 years$1,085$778$547$378$258$204
31 years$1,039$735$510$348$234$183
32 years$995$696$476$319$211$164
33 years$955$659$444$294$191$147
34 years$916$624$415$270$173$132
35 years$880$592$388$249$157$118
36 years$847$562$363$229$142$106
37 years$815$534$340$211$129$95
38 years$784$507$318$195$117$85
39 years$756$483$298$179$106$77
40 years$729$459$279$165$96$69
41 years$703$437$262$153$87$62
42 years$679$416$246$141$79$55
43 years$655$397$231$130$72$50
44 years$633$378$216$120$65$45
45 years$612$360$203$111$59$40
46 years$592$344$191$102$54$36
47 years$573$328$179$95$49$32
48 years$555$313$169$87$44$29
49 years$537$299$158$81$40$26
50 years$520$286$149$75$37$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $533,000, adding $2,514 every year, while hoping to spend $32,603 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: 44/44/12 Blend
55$533,000$533,000$533,000$533,000
56$589,959$561,710$553,449$613,778
57$615,446$554,545$537,300$623,453
58$642,439$545,935$519,517$630,440
59$671,059$535,777$500,012$637,288
60$701,435$523,958$478,691$644,000
61$733,710$510,361$455,456$650,576
62$768,040$494,861$430,205$657,024
63$804,596$477,325$402,833$663,350
64$843,565$457,613$373,228$669,568
65$885,151$435,578$341,273$675,694
66$929,577$411,063$306,847$681,750
67$977,091$383,902$269,823$687,762
68$1,027,962$353,920$230,069$693,765
69$1,082,484$320,933$187,447$699,798
70$1,140,982$284,743$141,811$705,911
71$1,203,811$245,145$93,011$712,161
72$1,271,362$201,919$40,889$718,619
73$1,344,064$154,836$0$725,365
74$1,422,386$103,650$0$734,379
75$1,506,846$48,105$0$749,596
76$1,598,011$0$0$765,923
77$1,696,505$0$0$789,374
78$1,803,013$0$0$839,972
79$1,918,290$0$0$894,787
80$2,043,163$0$0$954,222
81$2,178,542$0$0$1,018,716
82$2,325,431$0$0$1,088,755
83$2,484,929$0$0$1,164,870
84$2,658,249$0$0$1,247,649
85$2,846,723$0$0$1,337,735
86$3,051,817$0$0$1,435,840
87$3,275,145$0$0$1,542,744
88$3,518,482$0$0$1,659,306
89$3,783,781$0$0$1,786,472
90$4,073,192$0$0$1,925,283
91$4,389,083$0$0$2,076,886
92$4,734,058$0$0$2,242,541
93$5,110,985$0$0$2,423,639
94$5,523,021$0$0$2,621,708
95$5,973,643$0$0$2,838,432
96$6,466,677$0$0$3,075,665
97$7,006,337$0$0$3,335,449
98$7,597,265$0$0$3,620,032
99$8,244,571$0$0$3,931,890
100$8,953,882$0$0$4,273,750