Can I retire at age 56 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$44,345$43,950$43,565$43,188$42,821$42,480
2 years$21,953$21,544$21,148$20,764$20,391$20,047
3 years$14,490$14,079$13,684$13,303$12,937$12,601
4 years$10,759$10,350$9,958$9,584$9,227$8,901
5 years$8,521$8,114$7,728$7,362$7,014$6,700
6 years$7,030$6,626$6,246$5,887$5,550$5,248
7 years$5,965$5,564$5,190$4,840$4,514$4,224
8 years$5,167$4,770$4,402$4,060$3,744$3,466
9 years$4,546$4,153$3,791$3,459$3,153$2,887
10 years$4,050$3,661$3,305$2,981$2,687$2,432
11 years$3,644$3,259$2,910$2,595$2,311$2,068
12 years$3,306$2,925$2,582$2,276$2,002$1,771
13 years$3,021$2,643$2,307$2,009$1,746$1,526
14 years$2,776$2,403$2,073$1,784$1,531$1,321
15 years$2,564$2,195$1,872$1,591$1,348$1,149
16 years$2,379$2,014$1,697$1,424$1,191$1,002
17 years$2,216$1,855$1,544$1,280$1,056$877
18 years$2,071$1,714$1,410$1,153$939$770
19 years$1,942$1,588$1,290$1,042$837$677
20 years$1,825$1,476$1,184$944$748$596
21 years$1,720$1,375$1,089$857$669$526
22 years$1,624$1,283$1,004$779$600$465
23 years$1,537$1,200$927$709$538$412
24 years$1,458$1,125$857$647$484$365
25 years$1,384$1,055$794$591$435$324
26 years$1,317$992$736$540$392$287
27 years$1,255$933$684$494$354$255
28 years$1,197$880$636$453$319$227
29 years$1,143$830$592$415$288$202
30 years$1,093$784$551$381$260$179
31 years$1,046$741$514$350$235$160
32 years$1,003$701$479$322$213$142
33 years$962$664$448$296$193$127
34 years$923$629$418$272$174$113
35 years$887$597$391$251$158$101
36 years$853$566$366$231$143$90
37 years$821$538$342$213$130$80
38 years$790$511$321$196$118$71
39 years$761$486$300$181$107$64
40 years$734$463$281$167$97$57
41 years$708$440$264$154$88$51
42 years$684$419$248$142$80$45
43 years$660$400$232$131$72$41
44 years$638$381$218$121$66$36
45 years$617$363$205$112$60$32
46 years$597$346$192$103$54$29
47 years$577$331$181$95$49$26
48 years$559$316$170$88$45$23
49 years$541$301$160$81$41$21
50 years$524$288$150$75$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $537,000, adding $3,754 every year, while hoping to spend $20,629 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: 57/31/12 Blend
55$537,000$537,000$537,000$537,000
56$595,646$567,185$558,862$627,603
57$634,453$573,028$555,635$655,476
58$676,527$578,466$551,608$683,227
59$722,179$583,457$546,733$712,976
60$771,752$587,957$540,959$744,919
61$825,622$591,919$534,233$779,270
62$884,205$595,292$526,499$816,267
63$947,956$598,024$517,699$856,170
64$1,017,376$600,056$507,771$899,270
65$1,093,018$601,328$496,651$945,885
66$1,175,490$601,777$484,273$996,368
67$1,265,460$601,334$470,566$1,051,109
68$1,363,664$599,927$455,457$1,110,536
69$1,470,912$597,478$438,869$1,175,124
70$1,588,097$593,905$420,722$1,245,398
71$1,716,199$589,123$400,933$1,321,935
72$1,856,301$583,040$379,414$1,405,374
73$2,009,592$575,557$356,073$1,496,419
74$2,177,383$566,572$330,814$1,595,849
75$2,361,118$555,976$303,538$1,704,522
76$2,562,385$543,652$274,139$1,823,386
77$2,782,935$529,477$242,510$1,953,486
78$3,024,695$513,323$208,535$2,095,978
79$3,289,789$495,051$172,096$2,252,136
80$3,580,555$474,515$133,068$2,423,365
81$3,899,568$451,563$91,322$2,611,218
82$4,249,664$426,030$46,722$2,817,406
83$4,633,970$397,745$0$3,043,819
84$5,055,926$366,525$0$3,292,653
85$5,519,323$332,179$0$3,572,488
86$6,028,340$294,501$0$3,879,893
87$6,587,577$253,278$0$4,217,687
88$7,202,104$208,282$0$4,588,981
89$7,877,503$159,273$0$4,997,205
90$8,619,928$105,997$0$5,446,140
91$9,436,156$48,186$0$5,939,957
92$10,333,655$0$0$6,483,253
93$11,320,652$0$0$7,086,026
94$12,406,211$0$0$7,767,124
95$13,600,318$0$0$8,516,381
96$14,913,978$0$0$9,340,708
97$16,359,314$0$0$10,247,719
98$17,949,683$0$0$11,245,804
99$19,699,804$0$0$12,344,208
100$21,625,894$0$0$13,553,117