Can I retire at age 56 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$45,584$45,178$44,781$44,395$44,017$43,576
2 years$22,566$22,146$21,739$21,344$20,961$20,516
3 years$14,895$14,473$14,066$13,675$13,298$12,864
4 years$11,060$10,639$10,237$9,852$9,484$9,064
5 years$8,759$8,341$7,944$7,567$7,210$6,805
6 years$7,226$6,811$6,420$6,052$5,705$5,316
7 years$6,132$5,720$5,335$4,975$4,640$4,266
8 years$5,311$4,903$4,525$4,174$3,849$3,491
9 years$4,673$4,269$3,897$3,555$3,241$2,900
10 years$4,163$3,763$3,397$3,065$2,762$2,436
11 years$3,746$3,350$2,991$2,667$2,375$2,064
12 years$3,399$3,007$2,655$2,339$2,058$1,762
13 years$3,105$2,717$2,372$2,065$1,795$1,513
14 years$2,854$2,470$2,131$1,833$1,573$1,306
15 years$2,636$2,256$1,924$1,635$1,385$1,132
16 years$2,446$2,070$1,744$1,464$1,224$984
17 years$2,278$1,906$1,587$1,315$1,086$858
18 years$2,129$1,762$1,449$1,185$965$751
19 years$1,996$1,633$1,326$1,071$860$658
20 years$1,876$1,517$1,217$970$769$577
21 years$1,768$1,413$1,120$880$688$508
22 years$1,670$1,319$1,032$801$616$447
23 years$1,580$1,234$953$729$553$394
24 years$1,498$1,156$881$665$497$348
25 years$1,423$1,085$816$607$448$307
26 years$1,354$1,020$757$555$403$272
27 years$1,290$960$703$508$363$240
28 years$1,230$904$653$466$328$213
29 years$1,175$853$608$427$296$189
30 years$1,124$806$566$392$268$167
31 years$1,076$761$528$360$242$148
32 years$1,031$721$493$331$219$131
33 years$989$682$460$304$198$117
34 years$949$647$430$280$179$103
35 years$912$613$402$258$162$92
36 years$877$582$376$237$147$82
37 years$844$553$352$219$133$72
38 years$812$526$330$202$121$64
39 years$783$500$309$186$110$57
40 years$755$475$289$171$99$51
41 years$728$453$271$158$90$45
42 years$703$431$255$146$82$40
43 years$679$411$239$135$74$36
44 years$656$391$224$124$67$32
45 years$634$373$210$115$61$28
46 years$613$356$198$106$56$25
47 years$593$340$186$98$50$22
48 years$574$324$175$91$46$20
49 years$556$310$164$84$42$18
50 years$539$296$154$77$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $552,000, adding $3,577 every year, while hoping to spend $39,218 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: 74/11/15 Blend
55$552,000$552,000$552,000$552,000
56$611,994$582,738$574,182$655,006
57$632,689$569,564$551,689$670,777
58$654,182$554,431$527,129$682,863
59$676,510$537,200$500,390$695,055
60$699,718$517,726$471,356$707,352
61$723,850$495,856$439,908$719,756
62$748,956$471,426$405,917$732,269
63$775,087$444,264$369,254$744,893
64$802,301$414,187$329,779$757,631
65$830,657$381,004$287,348$770,488
66$860,222$344,511$241,811$783,472
67$891,064$304,491$193,011$796,589
68$923,259$260,718$140,784$809,850
69$956,890$212,952$84,959$823,268
70$992,044$160,938$25,356$836,857
71$1,028,817$104,408$0$850,636
72$1,067,311$43,079$0$870,748
73$1,107,638$0$0$895,825
74$1,149,921$0$0$924,692
75$1,194,289$0$0$960,463
76$1,240,885$0$0$998,037
77$1,289,865$0$0$1,037,542
78$1,341,396$0$0$1,079,114
79$1,395,663$0$0$1,122,902
80$1,452,865$0$0$1,169,069
81$1,513,218$0$0$1,217,791
82$1,576,961$0$0$1,269,261
83$1,644,351$0$0$1,323,690
84$1,715,671$0$0$1,381,307
85$1,791,230$0$0$1,442,363
86$1,871,362$0$0$1,507,132
87$1,956,438$0$0$1,575,913
88$2,046,858$0$0$1,649,034
89$2,143,063$0$0$1,726,853
90$2,245,535$0$0$1,809,762
91$2,354,801$0$0$1,898,192
92$2,471,440$0$0$1,992,612
93$2,596,084$0$0$2,093,539
94$2,729,427$0$0$2,201,536
95$2,872,230$0$0$2,317,225
96$3,025,327$0$0$2,441,285
97$3,189,635$0$0$2,574,462
98$3,366,157$0$0$2,717,574
99$3,555,997$0$0$2,871,519
100$3,760,365$0$0$3,037,285