Can I retire at age 56 with 333,000?

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 $333,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$27,499$27,254$27,015$26,782$26,554$26,320
2 years$13,613$13,360$13,114$12,876$12,645$12,409
3 years$8,985$8,731$8,486$8,250$8,022$7,793
4 years$6,672$6,418$6,175$5,943$5,722$5,499
5 years$5,284$5,032$4,792$4,565$4,349$4,135
6 years$4,359$4,109$3,873$3,651$3,442$3,235
7 years$3,699$3,451$3,218$3,001$2,799$2,601
8 years$3,204$2,958$2,729$2,518$2,322$2,132
9 years$2,819$2,575$2,351$2,145$1,955$1,774
10 years$2,511$2,270$2,050$1,849$1,666$1,493
11 years$2,260$2,021$1,804$1,609$1,433$1,267
12 years$2,050$1,814$1,601$1,411$1,242$1,084
13 years$1,873$1,639$1,431$1,246$1,083$933
14 years$1,721$1,490$1,286$1,106$949$807
15 years$1,590$1,361$1,161$986$836$700
16 years$1,475$1,249$1,052$883$739$610
17 years$1,374$1,150$958$794$655$533
18 years$1,284$1,063$874$715$582$467
19 years$1,204$985$800$646$519$410
20 years$1,132$915$734$585$464$361
21 years$1,067$853$675$531$415$318
22 years$1,007$796$623$483$372$281
23 years$953$744$575$440$334$248
24 years$904$697$532$401$300$220
25 years$859$654$492$366$270$194
26 years$817$615$457$335$243$172
27 years$778$579$424$307$219$153
28 years$742$545$394$281$198$136
29 years$709$515$367$258$179$120
30 years$678$486$342$236$161$107
31 years$649$459$319$217$146$95
32 years$622$435$297$200$132$85
33 years$596$412$278$183$119$75
34 years$572$390$259$169$108$67
35 years$550$370$242$155$98$60
36 years$529$351$227$143$89$53
37 years$509$334$212$132$80$47
38 years$490$317$199$122$73$42
39 years$472$301$186$112$66$37
40 years$455$287$175$103$60$33
41 years$439$273$164$95$54$30
42 years$424$260$154$88$49$26
43 years$409$248$144$81$45$24
44 years$396$236$135$75$41$21
45 years$382$225$127$69$37$19
46 years$370$215$119$64$34$17
47 years$358$205$112$59$30$15
48 years$347$196$105$55$28$13
49 years$336$187$99$50$25$12
50 years$325$179$93$47$23$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $333,000, adding $3,199 every year, while hoping to spend $24,458 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: 40/34/26 Blend
55$333,000$333,000$333,000$333,000
56$370,266$352,617$347,455$382,124
57$382,010$343,872$333,072$382,257
58$394,132$333,879$317,387$379,876
59$406,645$322,550$300,331$376,824
60$419,562$309,795$281,832$373,055
61$432,897$295,514$261,813$368,520
62$446,665$279,606$240,195$363,168
63$460,879$261,962$216,896$356,943
64$475,556$242,465$191,829$349,788
65$490,711$220,994$164,904$341,644
66$506,362$197,421$136,027$332,445
67$522,525$171,609$105,098$322,124
68$539,219$143,415$72,015$310,611
69$556,463$112,686$36,672$297,832
70$574,277$79,262$0$283,707
71$592,680$42,973$0$268,444
72$611,696$3,641$0$262,541
73$631,346$0$0$255,757
74$651,653$0$0$262,594
75$672,643$0$0$271,070
76$694,342$0$0$279,833
77$716,776$0$0$288,896
78$739,974$0$0$298,269
79$763,967$0$0$307,966
80$788,784$0$0$317,999
81$814,460$0$0$328,381
82$841,030$0$0$339,128
83$868,529$0$0$350,255
84$896,998$0$0$361,777
85$926,477$0$0$373,712
86$957,009$0$0$386,078
87$988,640$0$0$398,894
88$1,021,419$0$0$412,181
89$1,055,398$0$0$425,960
90$1,090,631$0$0$440,254
91$1,127,176$0$0$455,088
92$1,165,096$0$0$470,487
93$1,204,457$0$0$486,480
94$1,245,330$0$0$503,097
95$1,287,788$0$0$520,368
96$1,331,914$0$0$538,329
97$1,377,793$0$0$557,016
98$1,425,517$0$0$576,468
99$1,475,185$0$0$596,727
100$1,526,905$0$0$617,839