Can I retire at age 56 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$46,575$46,160$45,755$45,360$44,974$43,413
2 years$23,057$22,627$22,211$21,808$21,416$19,860
3 years$15,218$14,787$14,372$13,972$13,587$12,084
4 years$11,300$10,870$10,459$10,066$9,691$8,252
5 years$8,950$8,522$8,117$7,732$7,367$5,997
6 years$7,383$6,959$6,560$6,183$5,829$4,529
7 years$6,265$5,844$5,451$5,084$4,741$3,510
8 years$5,426$5,010$4,623$4,265$3,933$2,771
9 years$4,775$4,362$3,982$3,632$3,312$2,217
10 years$4,253$3,845$3,471$3,131$2,822$1,792
11 years$3,827$3,423$3,056$2,725$2,427$1,460
12 years$3,473$3,072$2,712$2,390$2,103$1,197
13 years$3,173$2,776$2,423$2,110$1,834$986
14 years$2,916$2,524$2,177$1,873$1,608$816
15 years$2,693$2,305$1,966$1,671$1,416$677
16 years$2,499$2,115$1,782$1,496$1,251$564
17 years$2,327$1,948$1,622$1,344$1,109$470
18 years$2,175$1,800$1,480$1,211$986$393
19 years$2,039$1,668$1,355$1,094$879$329
20 years$1,917$1,550$1,244$991$785$275
21 years$1,806$1,444$1,144$900$703$231
22 years$1,706$1,348$1,054$818$630$194
23 years$1,615$1,261$974$745$565$163
24 years$1,531$1,181$900$679$508$137
25 years$1,454$1,108$834$620$457$115
26 years$1,383$1,042$773$567$412$97
27 years$1,318$980$718$519$371$82
28 years$1,257$924$668$476$335$69
29 years$1,201$871$621$436$303$58
30 years$1,148$823$579$400$273$49
31 years$1,099$778$540$368$247$41
32 years$1,053$736$503$338$224$35
33 years$1,010$697$470$311$202$29
34 years$970$661$439$286$183$25
35 years$932$627$411$263$166$21
36 years$896$595$384$242$150$17
37 years$862$565$360$223$136$15
38 years$830$537$337$206$124$12
39 years$800$511$315$190$112$10
40 years$771$486$296$175$102$9
41 years$744$462$277$162$92$7
42 years$718$440$260$149$84$6
43 years$693$420$244$138$76$5
44 years$670$400$229$127$69$4
45 years$648$381$215$117$63$4
46 years$627$364$202$108$57$3
47 years$606$347$190$100$52$3
48 years$587$331$178$93$47$2
49 years$568$317$168$86$43$2
50 years$551$302$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $564,000, adding $3,425 every year, while hoping to spend $43,133 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: 69/14/17 Blend
55$564,000$564,000$564,000$564,000
56$625,061$595,169$586,427$665,430
57$642,924$578,439$560,179$676,043
58$661,163$559,444$531,606$682,222
59$679,772$538,026$500,585$687,900
60$698,741$514,022$466,986$693,022
61$718,057$487,254$430,676$697,531
62$737,708$457,538$391,512$701,364
63$757,675$424,678$349,348$704,452
64$777,937$388,467$304,031$706,724
65$798,470$348,684$255,399$708,098
66$819,244$305,100$203,285$708,492
67$840,226$257,470$147,515$707,811
68$861,377$205,534$87,904$705,957
69$882,652$149,019$24,264$702,821
70$904,000$87,639$0$698,289
71$925,362$21,086$0$700,151
72$946,670$0$0$705,567
73$967,851$0$0$717,872
74$988,817$0$0$733,245
75$1,009,473$0$0$748,365
76$1,029,709$0$0$763,146
77$1,049,403$0$0$777,497
78$1,068,418$0$0$791,312
79$1,086,600$0$0$804,472
80$1,103,776$0$0$816,847
81$1,119,754$0$0$828,290
82$1,134,319$0$0$838,635
83$1,147,230$0$0$847,700
84$1,158,220$0$0$855,281
85$1,166,991$0$0$861,150
86$1,173,212$0$0$865,055
87$1,176,514$0$0$866,714
88$1,176,487$0$0$865,816
89$1,172,677$0$0$862,012
90$1,164,577$0$0$854,919
91$1,151,629$0$0$844,109
92$1,133,210$0$0$829,110
93$1,108,632$0$0$809,396
94$1,077,132$0$0$784,386
95$1,037,865$0$0$753,436
96$989,895$0$0$715,835
97$932,186$0$0$670,793
98$863,592$0$0$617,438
99$782,846$0$0$554,805
100$688,546$0$0$481,827