Can I retire at age 56 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$47,318$46,896$46,485$46,084$45,692$44,769
2 years$23,425$22,988$22,566$22,156$21,758$20,833
3 years$15,461$15,023$14,601$14,195$13,804$12,905
4 years$11,480$11,044$10,626$10,227$9,845$8,979
5 years$9,093$8,658$8,246$7,855$7,484$6,653
6 years$7,501$7,070$6,664$6,282$5,922$5,127
7 years$6,365$5,938$5,538$5,165$4,816$4,058
8 years$5,513$5,090$4,697$4,333$3,995$3,273
9 years$4,851$4,431$4,045$3,690$3,365$2,678
10 years$4,321$3,906$3,527$3,181$2,867$2,216
11 years$3,888$3,477$3,105$2,769$2,466$1,849
12 years$3,528$3,121$2,755$2,428$2,137$1,553
13 years$3,223$2,821$2,462$2,144$1,863$1,312
14 years$2,962$2,564$2,212$1,903$1,633$1,114
15 years$2,736$2,342$1,997$1,697$1,438$949
16 years$2,539$2,149$1,811$1,520$1,271$811
17 years$2,364$1,979$1,648$1,365$1,127$695
18 years$2,210$1,829$1,504$1,231$1,002$596
19 years$2,072$1,695$1,377$1,112$893$513
20 years$1,947$1,575$1,264$1,007$798$442
21 years$1,835$1,467$1,162$914$714$382
22 years$1,733$1,369$1,071$831$640$330
23 years$1,640$1,281$989$757$574$285
24 years$1,555$1,200$915$690$516$247
25 years$1,477$1,126$847$630$465$214
26 years$1,405$1,058$786$576$418$185
27 years$1,339$996$730$528$377$161
28 years$1,277$939$678$483$340$139
29 years$1,220$885$631$443$307$121
30 years$1,166$836$588$407$278$105
31 years$1,117$790$548$374$251$91
32 years$1,070$748$511$343$227$79
33 years$1,026$708$478$316$206$69
34 years$985$671$446$291$186$60
35 years$946$637$417$267$169$52
36 years$910$604$390$246$153$45
37 years$876$574$365$227$138$39
38 years$843$545$342$209$126$34
39 years$813$519$320$193$114$30
40 years$783$494$300$178$103$26
41 years$756$470$282$164$94$23
42 years$730$447$264$151$85$20
43 years$705$426$248$140$77$17
44 years$681$406$233$129$70$15
45 years$658$387$219$119$64$13
46 years$637$370$205$110$58$11
47 years$616$353$193$102$52$10
48 years$596$337$181$94$48$8
49 years$577$322$170$87$43$7
50 years$559$307$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $573,000, adding $6,638 every year, while hoping to spend $48,868 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: 63/16/21 Blend
55$573,000$573,000$573,000$573,000
56$638,293$607,924$599,043$674,647
57$651,404$585,717$567,115$677,749
58$664,214$560,784$532,481$675,070
59$676,641$532,940$494,996$671,023
60$688,594$501,989$454,514$665,478
61$699,968$467,724$410,877$658,295
62$710,647$429,926$363,925$649,322
63$720,504$388,363$313,487$638,394
64$729,393$342,790$259,386$625,331
65$737,154$292,950$201,438$609,938
66$743,607$238,568$139,450$592,003
67$748,554$179,356$73,220$571,296
68$751,772$115,010$2,538$547,567
69$753,014$45,207$0$520,541
70$752,006$0$0$506,256
71$748,445$0$0$495,075
72$741,991$0$0$489,821
73$732,272$0$0$482,276
74$718,871$0$0$472,150
75$701,328$0$0$459,122
76$679,134$0$0$442,838
77$651,723$0$0$422,905
78$618,471$0$0$398,889
79$578,685$0$0$370,307
80$531,601$0$0$336,628
81$476,372$0$0$297,262
82$412,062$0$0$251,560
83$337,637$0$0$198,802
84$251,951$0$0$138,192
85$153,741$0$0$68,852
86$41,611$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0