Can I retire at age 56 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$46,657$46,242$45,836$45,440$45,054$44,344
2 years$23,098$22,667$22,251$21,846$21,454$20,741
3 years$15,245$14,813$14,398$13,997$13,611$12,917
4 years$11,320$10,889$10,478$10,084$9,708$9,037
5 years$8,966$8,537$8,131$7,746$7,380$6,735
6 years$7,396$6,971$6,571$6,194$5,839$5,222
7 years$6,276$5,855$5,461$5,093$4,749$4,158
8 years$5,436$5,018$4,631$4,272$3,940$3,376
9 years$4,783$4,370$3,989$3,639$3,318$2,780
10 years$4,261$3,852$3,477$3,137$2,827$2,316
11 years$3,834$3,429$3,062$2,730$2,431$1,946
12 years$3,479$3,077$2,717$2,394$2,107$1,646
13 years$3,178$2,781$2,427$2,114$1,837$1,401
14 years$2,921$2,528$2,181$1,877$1,611$1,198
15 years$2,698$2,309$1,969$1,674$1,418$1,028
16 years$2,503$2,119$1,785$1,498$1,253$885
17 years$2,331$1,951$1,625$1,346$1,111$765
18 years$2,179$1,803$1,483$1,213$988$662
19 years$2,043$1,671$1,358$1,096$881$574
20 years$1,920$1,553$1,246$993$787$499
21 years$1,810$1,446$1,146$901$704$434
22 years$1,709$1,350$1,056$819$631$378
23 years$1,618$1,263$975$746$566$330
24 years$1,534$1,183$902$681$509$288
25 years$1,457$1,110$835$622$458$252
26 years$1,386$1,044$775$568$413$220
27 years$1,320$982$719$520$372$192
28 years$1,259$925$669$477$336$168
29 years$1,203$873$622$437$303$148
30 years$1,150$824$580$401$274$129
31 years$1,101$779$541$368$248$113
32 years$1,055$737$504$339$224$99
33 years$1,012$698$471$311$203$87
34 years$971$662$440$286$184$76
35 years$933$628$411$264$166$67
36 years$897$596$385$243$151$59
37 years$863$566$360$224$137$52
38 years$831$538$337$206$124$45
39 years$801$511$316$190$112$40
40 years$772$487$296$175$102$35
41 years$745$463$278$162$92$31
42 years$719$441$261$149$84$27
43 years$695$420$244$138$76$24
44 years$671$401$229$127$69$21
45 years$649$382$215$118$63$18
46 years$628$364$202$109$57$16
47 years$607$348$190$100$52$14
48 years$588$332$179$93$47$12
49 years$569$317$168$86$43$11
50 years$552$303$158$79$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $565,000, adding $4,845 every year, while hoping to spend $27,807 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: 39/49/12 Blend
55$565,000$565,000$565,000$565,000
56$627,628$597,683$588,925$649,656
57$662,059$597,383$579,068$665,423
58$699,071$596,136$567,948$679,373
59$738,896$593,867$555,495$693,843
60$781,792$590,495$541,632$708,894
61$828,041$585,935$526,283$724,593
62$877,952$580,097$509,364$741,016
63$931,865$572,884$490,790$758,250
64$990,156$564,195$470,471$776,392
65$1,053,233$553,922$448,314$795,551
66$1,121,551$541,952$424,220$815,853
67$1,195,604$528,163$398,087$837,435
68$1,275,941$512,428$369,807$860,452
69$1,363,160$494,611$339,270$885,081
70$1,457,924$474,568$306,357$911,516
71$1,560,959$452,149$270,947$939,978
72$1,673,065$427,192$232,911$970,711
73$1,795,122$399,528$192,118$1,003,991
74$1,928,097$368,978$148,427$1,040,123
75$2,073,057$335,353$101,694$1,079,451
76$2,231,175$298,450$51,766$1,122,357
77$2,403,740$258,060$0$1,169,268
78$2,592,174$213,957$0$1,220,851
79$2,798,041$165,906$0$1,284,529
80$3,023,062$113,657$0$1,354,279
81$3,269,134$56,945$0$1,430,778
82$3,538,343$0$0$1,514,781
83$3,832,987$0$0$1,609,555
84$4,155,599$0$0$1,747,017
85$4,508,963$0$0$1,897,658
86$4,896,149$0$0$2,062,796
87$5,320,538$0$0$2,243,884
88$5,785,851$0$0$2,442,518
89$6,296,188$0$0$2,660,461
90$6,856,066$0$0$2,899,652
91$7,470,457$0$0$3,162,226
92$8,144,842$0$0$3,450,537
93$8,885,254$0$0$3,767,178
94$9,698,341$0$0$4,115,004
95$10,591,428$0$0$4,497,160
96$11,572,581$0$0$4,917,113
97$12,650,687$0$0$5,378,681
98$13,835,538$0$0$5,886,068
99$15,137,920$0$0$6,443,911
100$16,569,716$0$0$7,057,313