Can I retire at age 56 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$44,262$43,868$43,483$43,108$42,741$42,225
2 years$21,912$21,504$21,108$20,725$20,353$19,833
3 years$14,463$14,053$13,659$13,279$12,913$12,406
4 years$10,739$10,331$9,940$9,567$9,210$8,719
5 years$8,505$8,099$7,714$7,348$7,001$6,529
6 years$7,017$6,614$6,234$5,876$5,540$5,086
7 years$5,954$5,554$5,180$4,831$4,505$4,071
8 years$5,157$4,761$4,393$4,053$3,737$3,322
9 years$4,538$4,145$3,784$3,452$3,147$2,751
10 years$4,042$3,654$3,299$2,976$2,682$2,304
11 years$3,637$3,253$2,904$2,590$2,306$1,946
12 years$3,300$2,920$2,578$2,272$1,999$1,656
13 years$3,015$2,638$2,303$2,005$1,743$1,418
14 years$2,771$2,398$2,069$1,780$1,528$1,220
15 years$2,559$2,191$1,868$1,588$1,345$1,053
16 years$2,375$2,010$1,694$1,422$1,189$913
17 years$2,212$1,851$1,541$1,277$1,054$793
18 years$2,067$1,711$1,407$1,151$937$691
19 years$1,938$1,585$1,288$1,040$835$603
20 years$1,822$1,473$1,182$942$746$528
21 years$1,717$1,372$1,087$855$668$462
22 years$1,621$1,281$1,002$777$599$406
23 years$1,534$1,198$925$708$537$356
24 years$1,455$1,122$856$646$483$313
25 years$1,382$1,053$793$590$435$276
26 years$1,315$990$735$539$391$243
27 years$1,252$932$683$494$353$214
28 years$1,195$878$635$452$318$189
29 years$1,141$828$590$415$288$166
30 years$1,091$782$550$381$260$147
31 years$1,044$739$513$349$235$130
32 years$1,001$700$478$321$212$115
33 years$960$663$447$295$192$101
34 years$921$628$417$272$174$89
35 years$885$596$390$250$158$79
36 years$851$565$365$230$143$70
37 years$819$537$342$212$130$62
38 years$789$510$320$196$117$55
39 years$760$485$300$180$106$48
40 years$733$462$281$166$97$43
41 years$707$439$263$154$88$38
42 years$682$419$247$142$79$34
43 years$659$399$232$131$72$30
44 years$637$380$218$121$65$26
45 years$616$362$204$112$59$23
46 years$595$346$192$103$54$21
47 years$576$330$180$95$49$18
48 years$558$315$169$88$45$16
49 years$540$301$159$81$40$14
50 years$523$287$150$75$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $536,000, adding $6,404 every year, while hoping to spend $30,356 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: 57/19/24 Blend
55$536,000$536,000$536,000$536,000
56$597,278$568,870$560,562$627,099
57$625,902$564,446$547,042$643,780
58$656,428$558,788$532,052$658,186
59$689,018$551,803$515,510$673,241
60$723,850$543,393$497,332$689,017
61$761,118$533,455$477,428$705,593
62$801,035$521,878$455,706$723,058
63$843,837$508,546$432,067$741,513
64$889,778$493,335$406,412$761,068
65$939,142$476,114$378,633$781,848
66$992,236$456,746$348,619$803,992
67$1,049,401$435,083$316,255$827,656
68$1,111,010$410,972$281,419$853,014
69$1,177,472$384,249$243,985$880,258
70$1,249,237$354,740$203,822$909,604
71$1,326,799$322,262$160,790$941,292
72$1,410,702$286,622$114,745$975,589
73$1,501,543$247,616$65,539$1,012,792
74$1,599,978$205,027$13,013$1,053,233
75$1,706,731$158,628$0$1,097,278
76$1,822,594$108,177$0$1,156,358
77$1,948,441$53,421$0$1,224,178
78$2,085,232$0$0$1,297,950
79$2,234,025$0$0$1,379,518
80$2,395,982$0$0$1,480,501
81$2,572,382$0$0$1,590,533
82$2,764,634$0$0$1,710,498
83$2,974,285$0$0$1,841,367
84$3,203,043$0$0$1,984,211
85$3,452,783$0$0$2,140,209
86$3,725,573$0$0$2,310,658
87$4,023,686$0$0$2,496,984
88$4,349,627$0$0$2,700,761
89$4,706,152$0$0$2,923,720
90$5,096,299$0$0$3,167,766
91$5,523,409$0$0$3,434,998
92$5,991,164$0$0$3,727,728
93$6,503,618$0$0$4,048,500
94$7,065,235$0$0$4,400,119
95$7,680,931$0$0$4,785,670
96$8,356,122$0$0$5,208,556
97$9,096,772$0$0$5,672,520
98$9,909,451$0$0$6,181,688
99$10,801,395$0$0$6,740,604
100$11,780,574$0$0$7,354,274