Can I retire at age 56 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$47,566$47,142$46,728$46,325$45,931$44,514
2 years$23,547$23,109$22,684$22,272$21,872$20,457
3 years$15,542$15,102$14,678$14,270$13,876$12,508
4 years$11,541$11,101$10,682$10,280$9,897$8,585
5 years$9,140$8,704$8,289$7,896$7,523$6,271
6 years$7,540$7,107$6,699$6,315$5,953$4,762
7 years$6,398$5,969$5,567$5,192$4,841$3,712
8 years$5,542$5,116$4,721$4,355$4,016$2,947
9 years$4,876$4,455$4,066$3,710$3,382$2,373
10 years$4,344$3,926$3,545$3,198$2,882$1,930
11 years$3,909$3,496$3,121$2,783$2,479$1,583
12 years$3,546$3,137$2,770$2,441$2,148$1,306
13 years$3,240$2,835$2,475$2,155$1,873$1,084
14 years$2,978$2,577$2,224$1,913$1,642$903
15 years$2,750$2,354$2,008$1,706$1,446$755
16 years$2,552$2,160$1,820$1,528$1,278$633
17 years$2,377$1,989$1,656$1,373$1,133$532
18 years$2,221$1,838$1,512$1,237$1,007$448
19 years$2,083$1,704$1,384$1,118$898$377
20 years$1,958$1,583$1,270$1,012$802$319
21 years$1,845$1,475$1,168$919$718$269
22 years$1,742$1,376$1,077$835$643$228
23 years$1,649$1,287$994$761$577$193
24 years$1,564$1,206$920$694$519$163
25 years$1,485$1,132$852$634$467$138
26 years$1,413$1,064$790$579$421$117
27 years$1,346$1,001$734$530$379$100
28 years$1,284$943$682$486$342$85
29 years$1,226$890$635$446$309$72
30 years$1,172$841$591$409$279$61
31 years$1,122$795$551$376$252$52
32 years$1,075$752$514$345$228$44
33 years$1,032$712$480$317$207$37
34 years$990$675$449$292$187$32
35 years$951$640$419$269$169$27
36 years$915$608$392$248$154$23
37 years$880$577$367$228$139$19
38 years$848$548$344$210$126$17
39 years$817$521$322$194$114$14
40 years$787$496$302$179$104$12
41 years$760$472$283$165$94$10
42 years$733$450$266$152$85$9
43 years$708$429$249$141$78$7
44 years$684$408$234$130$70$6
45 years$662$390$220$120$64$5
46 years$640$372$206$111$58$5
47 years$619$355$194$102$53$4
48 years$599$339$182$95$48$3
49 years$580$323$171$87$43$3
50 years$562$309$161$81$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $576,000, adding $4,669 every year, while hoping to spend $33,854 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: 51/37/12 Blend
55$576,000$576,000$576,000$576,000
56$639,568$609,040$600,112$669,905
57$668,784$602,863$584,195$684,982
58$699,845$595,248$566,611$697,387
59$732,903$586,090$547,267$710,100
60$768,127$575,275$526,068$723,159
61$805,698$562,686$502,913$736,609
62$845,816$548,195$477,698$750,501
63$888,702$531,669$450,314$764,891
64$934,596$512,967$420,645$779,847
65$983,761$491,938$388,573$795,444
66$1,036,486$468,425$353,972$811,767
67$1,093,090$442,260$316,712$828,914
68$1,153,920$413,266$276,657$846,995
69$1,219,358$381,254$233,663$866,135
70$1,289,825$346,028$187,584$886,474
71$1,365,782$307,378$138,262$908,171
72$1,447,735$265,083$85,537$931,405
73$1,536,240$218,908$29,239$956,377
74$1,631,909$168,607$0$983,312
75$1,735,414$113,919$0$1,016,415
76$1,847,493$54,568$0$1,056,271
77$1,968,959$0$0$1,099,477
78$2,100,705$0$0$1,150,379
79$2,243,713$0$0$1,229,799
80$2,399,063$0$0$1,316,126
81$2,567,943$0$0$1,410,025
82$2,751,660$0$0$1,512,232
83$2,951,652$0$0$1,623,553
84$3,169,503$0$0$1,744,876
85$3,406,952$0$0$1,877,179
86$3,665,918$0$0$2,021,539
87$3,948,509$0$0$2,179,139
88$4,257,048$0$0$2,351,284
89$4,594,090$0$0$2,539,409
90$4,962,448$0$0$2,745,093
91$5,365,223$0$0$2,970,077
92$5,805,823$0$0$3,216,277
93$6,288,004$0$0$3,485,801
94$6,815,903$0$0$3,780,973
95$7,394,073$0$0$4,104,351
96$8,027,529$0$0$4,458,751
97$8,721,795$0$0$4,847,276
98$9,482,952$0$0$5,273,343
99$10,317,701$0$0$5,740,717
100$11,233,420$0$0$6,253,541