Can I retire at age 56 with 328,000?

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 $328,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$27,086$26,845$26,609$26,380$26,155$25,277
2 years$13,409$13,159$12,917$12,682$12,455$11,579
3 years$8,850$8,600$8,358$8,126$7,902$7,056
4 years$6,572$6,322$6,083$5,854$5,636$4,826
5 years$5,205$4,956$4,720$4,497$4,284$3,512
6 years$4,294$4,047$3,815$3,596$3,390$2,657
7 years$3,643$3,399$3,170$2,956$2,757$2,063
8 years$3,156$2,913$2,688$2,480$2,287$1,631
9 years$2,777$2,537$2,316$2,112$1,926$1,307
10 years$2,474$2,236$2,019$1,821$1,641$1,059
11 years$2,226$1,991$1,777$1,585$1,411$864
12 years$2,020$1,787$1,577$1,390$1,223$710
13 years$1,845$1,615$1,409$1,227$1,067$586
14 years$1,696$1,468$1,266$1,089$935$486
15 years$1,566$1,341$1,143$972$823$404
16 years$1,453$1,230$1,036$870$728$337
17 years$1,353$1,133$943$782$645$282
18 years$1,265$1,047$861$704$574$236
19 years$1,186$970$788$636$511$198
20 years$1,115$901$723$576$457$166
21 years$1,051$840$665$523$409$140
22 years$992$784$613$476$366$118
23 years$939$733$566$433$329$99
24 years$890$687$524$395$296$83
25 years$846$645$485$361$266$70
26 years$804$606$450$330$240$59
27 years$766$570$418$302$216$50
28 years$731$537$388$277$195$42
29 years$698$507$361$254$176$36
30 years$668$479$337$233$159$30
31 years$639$452$314$214$144$25
32 years$612$428$293$197$130$21
33 years$587$405$273$181$118$18
34 years$564$384$255$166$107$15
35 years$542$364$239$153$97$13
36 years$521$346$223$141$87$11
37 years$501$329$209$130$79$9
38 years$483$312$196$120$72$8
39 years$465$297$183$110$65$7
40 years$448$282$172$102$59$6
41 years$433$269$161$94$54$5
42 years$418$256$151$87$49$4
43 years$403$244$142$80$44$3
44 years$390$233$133$74$40$3
45 years$377$222$125$68$36$2
46 years$364$212$117$63$33$2
47 years$353$202$110$58$30$2
48 years$341$193$104$54$27$1
49 years$331$184$97$50$25$1
50 years$320$176$92$46$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $328,000, adding $2,215 every year, while hoping to spend $26,277 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: 45/43/12 Blend
55$328,000$328,000$328,000$328,000
56$363,741$346,357$341,273$378,773
57$372,884$335,370$324,747$378,448
58$382,079$322,964$306,787$375,247
59$391,303$309,041$287,316$371,191
60$400,531$293,500$266,257$366,212
61$409,734$276,230$243,525$360,235
62$418,879$257,117$219,035$353,182
63$427,928$236,039$192,696$344,968
64$436,839$212,867$164,414$335,503
65$445,565$187,466$134,090$324,689
66$454,052$159,691$101,621$312,423
67$462,240$129,391$66,901$298,593
68$470,063$96,406$29,816$283,080
69$477,445$60,565$0$265,755
70$484,303$21,691$0$247,731
71$490,541$0$0$231,766
72$496,057$0$0$223,552
73$500,732$0$0$225,164
74$504,438$0$0$226,272
75$507,030$0$0$226,806
76$508,348$0$0$226,683
77$508,212$0$0$225,815
78$506,424$0$0$224,103
79$502,765$0$0$221,437
80$496,990$0$0$217,695
81$488,829$0$0$212,742
82$477,982$0$0$206,428
83$464,116$0$0$198,588
84$446,863$0$0$189,038
85$425,816$0$0$177,575
86$400,523$0$0$163,974
87$370,485$0$0$147,987
88$335,151$0$0$129,339
89$293,909$0$0$107,726
90$246,084$0$0$82,812
91$190,930$0$0$54,226
92$127,623$0$0$21,558
93$55,250$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