Can I retire at age 56 with 327,000?

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 $327,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$27,003$26,763$26,528$26,299$26,075$25,835
2 years$13,368$13,119$12,878$12,644$12,417$12,175
3 years$8,823$8,573$8,333$8,101$7,878$7,642
4 years$6,552$6,302$6,064$5,836$5,618$5,390
5 years$5,189$4,941$4,706$4,483$4,271$4,051
6 years$4,281$4,035$3,803$3,585$3,380$3,168
7 years$3,632$3,388$3,160$2,947$2,748$2,545
8 years$3,146$2,905$2,680$2,473$2,280$2,085
9 years$2,768$2,529$2,309$2,106$1,920$1,734
10 years$2,466$2,229$2,013$1,815$1,636$1,458
11 years$2,219$1,984$1,772$1,580$1,407$1,237
12 years$2,013$1,781$1,573$1,386$1,219$1,058
13 years$1,839$1,610$1,405$1,223$1,063$909
14 years$1,690$1,463$1,262$1,086$932$786
15 years$1,561$1,337$1,140$969$821$682
16 years$1,449$1,226$1,033$867$725$594
17 years$1,349$1,129$940$779$643$519
18 years$1,261$1,044$858$702$572$454
19 years$1,182$967$786$635$510$398
20 years$1,111$899$721$575$455$350
21 years$1,047$837$663$522$407$309
22 years$989$781$611$474$365$272
23 years$936$731$564$432$328$240
24 years$888$685$522$394$295$212
25 years$843$643$484$360$265$188
26 years$802$604$448$329$239$166
27 years$764$568$416$301$215$147
28 years$729$536$387$276$194$131
29 years$696$505$360$253$175$116
30 years$666$477$336$232$159$103
31 years$637$451$313$213$143$91
32 years$611$427$292$196$130$81
33 years$586$404$273$180$117$72
34 years$562$383$255$166$106$64
35 years$540$363$238$153$96$57
36 years$519$345$223$141$87$51
37 years$500$328$208$130$79$45
38 years$481$311$195$119$72$40
39 years$464$296$183$110$65$36
40 years$447$282$171$102$59$32
41 years$431$268$161$94$53$28
42 years$416$255$151$86$49$25
43 years$402$243$141$80$44$22
44 years$389$232$133$74$40$20
45 years$376$221$125$68$36$18
46 years$363$211$117$63$33$16
47 years$352$201$110$58$30$14
48 years$340$192$103$54$27$13
49 years$330$184$97$50$25$11
50 years$319$175$91$46$22$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $327,000, adding $3,130 every year, while hoping to spend $28,294 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: 69/21/10 Blend
55$327,000$327,000$327,000$327,000
56$363,583$346,252$341,183$387,727
57$370,563$333,113$322,508$391,011
58$377,308$318,383$302,259$390,882
59$383,762$301,953$280,354$389,988
60$389,866$283,708$256,706$388,251
61$395,552$263,529$231,225$385,583
62$400,744$241,288$203,816$381,889
63$405,358$216,849$174,382$377,065
64$409,300$190,071$142,820$370,998
65$412,467$160,802$109,023$363,564
66$414,741$128,884$72,877$354,628
67$415,993$94,148$34,268$344,043
68$416,080$56,417$0$331,649
69$414,842$15,504$0$318,009
70$412,102$0$0$306,141
71$407,664$0$0$298,843
72$401,308$0$0$293,660
73$392,795$0$0$286,825
74$381,855$0$0$278,133
75$368,193$0$0$267,360
76$351,480$0$0$254,255
77$331,353$0$0$238,541
78$307,410$0$0$219,912
79$279,205$0$0$198,030
80$246,248$0$0$172,521
81$207,994$0$0$142,969
82$163,841$0$0$108,918
83$113,126$0$0$69,862
84$55,114$0$0$25,242
85$0$0$0$0
86$0$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