Can I retire at age 56 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$47,070$46,651$46,242$45,842$45,453$44,139
2 years$23,302$22,868$22,447$22,040$21,644$20,331
3 years$15,380$14,945$14,525$14,121$13,732$12,461
4 years$11,420$10,986$10,570$10,173$9,794$8,574
5 years$9,045$8,613$8,203$7,814$7,445$6,280
6 years$7,462$7,033$6,629$6,249$5,891$4,782
7 years$6,331$5,906$5,509$5,138$4,791$3,738
8 years$5,484$5,063$4,672$4,310$3,975$2,977
9 years$4,825$4,408$4,024$3,671$3,347$2,404
10 years$4,299$3,886$3,508$3,164$2,852$1,961
11 years$3,868$3,459$3,089$2,754$2,453$1,614
12 years$3,510$3,105$2,741$2,416$2,126$1,336
13 years$3,206$2,806$2,449$2,133$1,853$1,112
14 years$2,947$2,550$2,200$1,893$1,625$930
15 years$2,722$2,330$1,987$1,688$1,431$780
16 years$2,525$2,138$1,801$1,512$1,264$656
17 years$2,352$1,969$1,639$1,358$1,121$553
18 years$2,198$1,819$1,496$1,224$997$468
19 years$2,061$1,686$1,370$1,106$888$396
20 years$1,937$1,567$1,257$1,002$794$335
21 years$1,826$1,459$1,156$909$710$285
22 years$1,724$1,362$1,066$827$637$242
23 years$1,632$1,274$984$753$571$205
24 years$1,547$1,194$910$687$514$175
25 years$1,470$1,120$843$627$462$149
26 years$1,398$1,053$782$573$416$127
27 years$1,332$991$726$525$375$108
28 years$1,270$934$675$481$339$92
29 years$1,213$881$628$441$306$78
30 years$1,160$832$585$405$276$67
31 years$1,111$786$545$372$250$57
32 years$1,064$744$509$342$226$49
33 years$1,021$705$475$314$205$41
34 years$980$668$444$289$185$35
35 years$942$633$415$266$168$30
36 years$905$601$388$245$152$26
37 years$871$571$363$226$138$22
38 years$839$543$340$208$125$19
39 years$808$516$319$192$113$16
40 years$779$491$299$177$103$14
41 years$752$467$280$163$93$12
42 years$726$445$263$151$85$10
43 years$701$424$247$139$77$9
44 years$677$404$231$128$70$7
45 years$655$385$217$119$63$6
46 years$633$368$204$110$57$5
47 years$613$351$192$101$52$5
48 years$593$335$180$94$47$4
49 years$574$320$169$86$43$3
50 years$557$306$159$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $570,000, adding $6,892 every year, while hoping to spend $22,672 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: 36/39/25 Blend
55$570,000$570,000$570,000$570,000
56$635,249$605,039$596,204$653,131
57$675,922$610,563$592,054$672,460
58$719,983$615,598$587,005$690,744
59$767,755$620,096$581,003$710,036
60$819,591$624,006$573,992$730,440
61$875,880$627,273$565,912$752,074
62$937,051$629,840$556,701$775,067
63$1,003,573$631,646$546,294$799,564
64$1,075,966$632,625$534,623$825,728
65$1,154,798$632,707$521,617$853,736
66$1,240,698$631,820$507,201$883,789
67$1,334,355$629,885$491,298$916,109
68$1,436,529$626,819$473,826$950,941
69$1,548,055$622,534$454,700$988,560
70$1,669,855$616,936$433,830$1,029,269
71$1,802,942$609,927$411,125$1,073,406
72$1,948,430$601,401$386,485$1,121,345
73$2,107,548$591,248$359,811$1,173,502
74$2,281,647$579,349$330,994$1,230,337
75$2,472,218$565,580$299,925$1,292,363
76$2,680,899$549,808$266,487$1,360,144
77$2,909,495$531,893$230,559$1,434,309
78$3,159,996$511,688$192,015$1,515,553
79$3,434,590$489,035$150,722$1,604,646
80$3,735,689$463,769$106,542$1,702,443
81$4,065,949$435,714$59,332$1,809,888
82$4,428,297$404,685$8,940$1,928,027
83$4,825,954$370,485$0$2,058,018
84$5,262,470$332,908$0$2,213,102
85$5,741,756$291,733$0$2,386,058
86$6,268,117$246,731$0$2,576,114
87$6,846,300$197,655$0$2,785,050
88$7,481,530$144,248$0$3,014,836
89$8,179,567$86,237$0$3,267,642
90$8,946,753$23,333$0$3,545,867
91$9,790,078$0$0$3,852,160
92$10,717,241$0$0$4,208,654
93$11,736,724$0$0$4,611,747
94$12,857,874$0$0$5,055,129
95$14,090,988$0$0$5,542,886
96$15,447,410$0$0$6,079,516
97$16,939,639$0$0$6,669,977
98$18,581,449$0$0$7,319,730
99$20,388,014$0$0$8,034,796
100$22,376,052$0$0$8,821,804