Can I retire at age 56 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$29,068$28,809$28,556$28,310$28,069$27,192
2 years$14,390$14,122$13,862$13,610$13,366$12,491
3 years$9,498$9,229$8,970$8,720$8,480$7,633
4 years$7,053$6,784$6,528$6,283$6,048$5,236
5 years$5,586$5,319$5,066$4,826$4,598$3,823
6 years$4,608$4,343$4,094$3,859$3,638$2,902
7 years$3,910$3,647$3,402$3,173$2,959$2,260
8 years$3,387$3,127$2,885$2,662$2,454$1,794
9 years$2,980$2,722$2,485$2,267$2,067$1,443
10 years$2,655$2,400$2,167$1,954$1,761$1,173
11 years$2,389$2,136$1,907$1,701$1,515$962
12 years$2,167$1,917$1,693$1,492$1,313$793
13 years$1,980$1,733$1,512$1,317$1,145$658
14 years$1,820$1,575$1,359$1,169$1,003$547
15 years$1,681$1,439$1,227$1,043$883$457
16 years$1,559$1,320$1,112$934$781$383
17 years$1,453$1,216$1,012$839$692$322
18 years$1,358$1,123$924$756$616$271
19 years$1,273$1,041$846$683$549$228
20 years$1,196$967$776$619$490$192
21 years$1,127$901$714$561$439$162
22 years$1,065$841$658$510$393$137
23 years$1,008$787$608$465$353$116
24 years$955$737$562$424$317$98
25 years$908$692$520$387$285$83
26 years$863$650$483$354$257$71
27 years$822$612$448$324$232$60
28 years$785$577$417$297$209$51
29 years$749$544$388$272$189$43
30 years$717$514$361$250$171$37
31 years$686$486$337$230$154$31
32 years$657$459$314$211$140$26
33 years$630$435$293$194$126$22
34 years$605$412$274$178$114$19
35 years$581$391$256$164$104$16
36 years$559$371$240$151$94$14
37 years$538$353$224$139$85$12
38 years$518$335$210$128$77$10
39 years$499$319$197$118$70$8
40 years$481$303$185$109$63$7
41 years$464$289$173$101$58$6
42 years$448$275$162$93$52$5
43 years$433$262$152$86$47$4
44 years$418$250$143$79$43$4
45 years$404$238$134$73$39$3
46 years$391$227$126$68$35$3
47 years$378$217$118$63$32$2
48 years$366$207$111$58$29$2
49 years$355$198$105$53$27$2
50 years$344$189$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $352,000, adding $4,331 every year, while hoping to spend $26,158 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: 33/47/20 Blend
55$352,000$352,000$352,000$352,000
56$392,371$373,715$368,259$402,779
57$404,561$364,196$352,764$401,363
58$417,118$353,333$335,873$397,138
59$430,051$341,033$317,512$392,039
60$443,371$327,198$297,603$386,005
61$457,087$311,723$276,065$378,972
62$471,209$294,496$252,812$370,872
63$485,748$275,403$227,757$361,631
64$500,714$254,317$200,807$351,175
65$516,117$231,109$171,865$339,421
66$531,968$205,640$140,829$326,284
67$548,277$177,765$107,595$311,675
68$565,054$147,328$72,052$295,499
69$582,309$114,166$34,085$277,655
70$600,051$78,108$0$258,036
71$618,292$38,970$0$237,904
72$637,039$0$0$223,619
73$656,303$0$0$209,582
74$676,092$0$0$215,862
75$696,414$0$0$222,307
76$717,277$0$0$228,919
77$738,687$0$0$235,699
78$760,651$0$0$242,649
79$783,173$0$0$249,769
80$806,258$0$0$257,061
81$829,909$0$0$264,523
82$854,127$0$0$272,156
83$878,912$0$0$279,958
84$904,260$0$0$287,927
85$930,169$0$0$296,060
86$956,632$0$0$304,353
87$983,638$0$0$312,803
88$1,011,176$0$0$321,403
89$1,039,230$0$0$330,146
90$1,067,781$0$0$339,024
91$1,096,803$0$0$348,026
92$1,126,270$0$0$357,140
93$1,156,146$0$0$366,353
94$1,186,392$0$0$375,649
95$1,216,962$0$0$385,008
96$1,247,800$0$0$394,410
97$1,278,845$0$0$403,830
98$1,310,026$0$0$413,240
99$1,341,260$0$0$422,609
100$1,372,455$0$0$431,901