Can I retire at age 56 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$47,235$46,814$46,404$46,003$45,612$45,325
2 years$23,384$22,948$22,526$22,117$21,720$21,430
3 years$15,434$14,997$14,576$14,171$13,780$13,497
4 years$11,460$11,024$10,608$10,209$9,828$9,553
5 years$9,077$8,643$8,232$7,842$7,471$7,206
6 years$7,488$7,058$6,653$6,271$5,912$5,656
7 years$6,354$5,927$5,528$5,156$4,808$4,562
8 years$5,503$5,081$4,688$4,325$3,989$3,753
9 years$4,842$4,424$4,038$3,684$3,359$3,133
10 years$4,314$3,899$3,521$3,176$2,862$2,646
11 years$3,882$3,471$3,099$2,764$2,461$2,255
12 years$3,522$3,116$2,751$2,424$2,133$1,936
13 years$3,218$2,816$2,458$2,140$1,860$1,672
14 years$2,957$2,559$2,208$1,900$1,630$1,452
15 years$2,731$2,338$1,994$1,694$1,436$1,266
16 years$2,534$2,145$1,808$1,517$1,269$1,107
17 years$2,360$1,976$1,645$1,363$1,125$972
18 years$2,206$1,825$1,501$1,228$1,000$855
19 years$2,068$1,692$1,375$1,110$892$754
20 years$1,944$1,572$1,261$1,005$796$666
21 years$1,832$1,464$1,160$912$713$590
22 years$1,730$1,367$1,069$830$639$523
23 years$1,638$1,278$987$755$573$464
24 years$1,553$1,198$913$689$515$413
25 years$1,475$1,124$846$629$464$367
26 years$1,403$1,056$784$575$418$327
27 years$1,336$994$728$527$377$291
28 years$1,275$937$677$483$340$260
29 years$1,218$884$630$442$307$232
30 years$1,164$835$587$406$277$207
31 years$1,115$789$547$373$251$185
32 years$1,068$747$511$343$227$165
33 years$1,024$707$477$315$205$148
34 years$983$670$445$290$186$132
35 years$945$636$416$267$168$118
36 years$908$603$390$246$152$106
37 years$874$573$365$227$138$95
38 years$842$545$341$209$125$85
39 years$811$518$320$193$114$76
40 years$782$493$300$178$103$68
41 years$754$469$281$164$93$61
42 years$728$447$264$151$85$54
43 years$703$426$247$140$77$49
44 years$680$406$232$129$70$44
45 years$657$387$218$119$63$39
46 years$635$369$205$110$58$35
47 years$615$352$192$102$52$31
48 years$595$336$181$94$48$28
49 years$576$321$170$87$43$25
50 years$558$307$160$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $572,000, adding $4,604 every year, while hoping to spend $20,801 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: 49/27/24 Blend
55$572,000$572,000$572,000$572,000
56$635,093$604,777$595,911$661,700
57$677,740$612,279$593,742$688,231
58$724,041$619,451$590,803$714,584
59$774,344$626,256$587,047$742,794
60$829,037$632,653$582,422$773,045
61$888,544$638,597$576,878$805,540
62$953,331$644,044$570,359$840,505
63$1,023,912$648,943$562,808$878,190
64$1,100,853$653,243$554,163$918,870
65$1,184,775$656,888$544,363$962,850
66$1,276,364$659,817$533,341$1,010,466
67$1,376,373$661,968$521,028$1,062,090
68$1,485,633$663,274$507,353$1,118,133
69$1,605,057$663,664$492,238$1,179,051
70$1,735,650$663,061$475,605$1,245,344
71$1,878,520$661,385$457,372$1,317,569
72$2,034,887$658,551$437,452$1,396,337
73$2,206,094$654,468$415,755$1,482,325
74$2,393,618$649,039$392,185$1,576,283
75$2,599,089$642,164$366,645$1,679,034
76$2,824,299$633,733$339,031$1,791,493
77$3,071,224$623,633$309,235$1,914,666
78$3,342,039$611,741$277,144$2,049,665
79$3,639,140$597,929$242,642$2,197,719
80$3,965,166$582,061$205,604$2,360,183
81$4,323,024$563,993$165,902$2,538,556
82$4,715,915$543,572$123,403$2,734,489
83$5,147,368$520,636$77,967$2,949,807
84$5,621,268$495,016$29,447$3,186,523
85$6,141,895$466,529$0$3,446,860
86$6,713,964$434,985$0$3,738,989
87$7,342,671$400,182$0$4,068,318
88$8,033,738$361,905$0$4,430,326
89$8,793,470$319,930$0$4,828,356
90$9,628,814$274,017$0$5,266,088
91$10,547,424$223,914$0$5,747,586
92$11,557,730$169,355$0$6,277,324
93$12,669,024$110,058$0$6,860,241
94$13,891,540$45,727$0$7,501,778
95$15,236,556$0$0$8,207,936
96$16,716,499$0$0$8,992,448
97$18,345,058$0$0$9,870,763
98$20,137,321$0$0$10,837,440
99$22,109,908$0$0$11,901,453
100$24,281,134$0$0$13,072,692