Can I retire at age 56 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$46,244$45,832$45,430$45,038$44,655$44,448
2 years$22,893$22,467$22,054$21,653$21,264$21,056
3 years$15,111$14,682$14,270$13,873$13,491$13,287
4 years$11,220$10,793$10,385$9,995$9,622$9,424
5 years$8,886$8,462$8,059$7,677$7,314$7,123
6 years$7,331$6,910$6,513$6,139$5,788$5,603
7 years$6,220$5,803$5,412$5,048$4,707$4,529
8 years$5,388$4,974$4,590$4,234$3,905$3,734
9 years$4,741$4,331$3,953$3,607$3,288$3,125
10 years$4,223$3,817$3,447$3,109$2,802$2,645
11 years$3,800$3,398$3,034$2,706$2,410$2,260
12 years$3,448$3,050$2,693$2,373$2,088$1,945
13 years$3,150$2,757$2,406$2,095$1,821$1,684
14 years$2,895$2,506$2,162$1,860$1,596$1,466
15 years$2,674$2,289$1,952$1,659$1,405$1,282
16 years$2,481$2,100$1,770$1,485$1,242$1,124
17 years$2,311$1,934$1,610$1,334$1,101$990
18 years$2,160$1,787$1,470$1,203$979$873
19 years$2,025$1,656$1,346$1,087$873$772
20 years$1,903$1,539$1,235$984$780$684
21 years$1,794$1,434$1,136$893$698$608
22 years$1,694$1,338$1,047$812$625$540
23 years$1,603$1,252$967$740$561$481
24 years$1,520$1,173$894$675$505$429
25 years$1,444$1,101$828$616$454$383
26 years$1,373$1,034$768$563$409$342
27 years$1,308$973$713$516$369$305
28 years$1,248$917$663$472$333$273
29 years$1,192$865$617$433$300$245
30 years$1,140$817$575$398$271$219
31 years$1,091$773$536$365$245$196
32 years$1,046$731$500$336$222$176
33 years$1,003$692$467$309$201$158
34 years$963$656$436$284$182$142
35 years$925$622$408$261$165$127
36 years$889$591$381$241$149$114
37 years$856$561$357$222$135$102
38 years$824$533$334$204$123$92
39 years$794$507$313$188$111$83
40 years$766$482$294$174$101$74
41 years$739$459$275$160$92$67
42 years$713$437$258$148$83$60
43 years$689$417$242$137$75$54
44 years$665$397$227$126$68$49
45 years$643$379$214$117$62$44
46 years$622$361$201$108$56$39
47 years$602$345$188$99$51$35
48 years$583$329$177$92$47$32
49 years$564$314$166$85$42$29
50 years$547$300$156$78$38$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $560,000, adding $4,614 every year, while hoping to spend $40,195 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: 55/20/25 Blend
55$560,000$560,000$560,000$560,000
56$621,879$592,199$583,519$651,578
57$642,544$578,450$560,300$658,749
58$663,969$562,680$534,956$661,978
59$686,190$544,747$507,373$664,660
60$709,244$524,502$477,433$666,756
61$733,171$501,787$445,011$668,226
62$758,014$476,434$409,978$669,025
63$783,817$448,265$372,198$669,110
64$810,629$417,093$331,530$668,434
65$838,503$382,720$287,825$666,949
66$867,493$344,936$240,930$664,605
67$897,659$303,520$190,684$661,349
68$929,066$258,238$136,916$657,129
69$961,780$208,841$79,453$651,888
70$995,878$155,070$18,110$645,568
71$1,031,436$96,648$0$638,112
72$1,068,543$33,283$0$642,089
73$1,107,289$0$0$650,783
74$1,147,774$0$0$667,124
75$1,190,106$0$0$691,883
76$1,234,402$0$0$717,803
77$1,280,788$0$0$744,961
78$1,329,400$0$0$773,438
79$1,380,386$0$0$803,323
80$1,433,908$0$0$834,713
81$1,490,139$0$0$867,712
82$1,549,271$0$0$902,435
83$1,611,509$0$0$939,005
84$1,677,077$0$0$977,557
85$1,746,222$0$0$1,018,240
86$1,819,208$0$0$1,061,212
87$1,896,328$0$0$1,106,650
88$1,977,898$0$0$1,154,744
89$2,064,265$0$0$1,205,703
90$2,155,807$0$0$1,259,755
91$2,252,937$0$0$1,317,149
92$2,356,108$0$0$1,378,158
93$2,465,813$0$0$1,443,079
94$2,582,593$0$0$1,512,239
95$2,707,041$0$0$1,585,995
96$2,839,805$0$0$1,664,739
97$2,981,595$0$0$1,748,899
98$3,133,190$0$0$1,838,946
99$3,295,443$0$0$1,935,395
100$3,469,290$0$0$2,038,811