Can I retire at age 56 with 361,000?

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 $361,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$29,811$29,546$29,286$29,034$28,787$28,194
2 years$14,758$14,483$14,217$13,958$13,708$13,113
3 years$9,741$9,465$9,199$8,943$8,697$8,119
4 years$7,233$6,958$6,695$6,443$6,203$5,646
5 years$5,728$5,455$5,195$4,949$4,715$4,182
6 years$4,726$4,454$4,199$3,958$3,731$3,221
7 years$4,010$3,741$3,489$3,254$3,034$2,548
8 years$3,473$3,207$2,959$2,730$2,517$2,054
9 years$3,056$2,792$2,549$2,325$2,120$1,680
10 years$2,723$2,461$2,222$2,004$1,806$1,389
11 years$2,450$2,191$1,956$1,744$1,553$1,158
12 years$2,223$1,966$1,736$1,530$1,346$972
13 years$2,031$1,777$1,551$1,351$1,174$821
14 years$1,866$1,615$1,394$1,199$1,029$696
15 years$1,724$1,476$1,258$1,069$906$593
16 years$1,599$1,354$1,141$957$801$506
17 years$1,490$1,247$1,038$860$710$433
18 years$1,392$1,152$948$775$631$372
19 years$1,305$1,068$867$701$563$320
20 years$1,227$992$796$634$503$275
21 years$1,156$924$732$576$450$237
22 years$1,092$863$675$524$403$205
23 years$1,033$807$623$477$362$177
24 years$980$756$576$435$325$153
25 years$931$709$534$397$293$132
26 years$885$667$495$363$264$115
27 years$843$628$460$332$238$99
28 years$805$591$427$305$214$86
29 years$768$558$398$279$194$75
30 years$735$527$370$256$175$65
31 years$703$498$345$235$158$56
32 years$674$471$322$216$143$49
33 years$646$446$301$199$130$42
34 years$621$423$281$183$117$37
35 years$596$401$263$168$106$32
36 years$573$381$246$155$96$28
37 years$552$362$230$143$87$24
38 years$531$344$215$132$79$21
39 years$512$327$202$122$72$18
40 years$494$311$189$112$65$16
41 years$476$296$177$103$59$14
42 years$460$282$166$95$54$12
43 years$444$269$156$88$49$10
44 years$429$256$147$81$44$9
45 years$415$244$138$75$40$8
46 years$401$233$129$69$36$7
47 years$388$222$121$64$33$6
48 years$376$212$114$59$30$5
49 years$364$203$107$55$27$4
50 years$352$194$101$51$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $361,000, adding $5,356 every year, while hoping to spend $24,399 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: 77/11/12 Blend
55$361,000$361,000$361,000$361,000
56$403,347$384,214$378,618$433,061
57$418,528$377,080$365,342$446,242
58$434,439$368,779$350,802$457,054
59$451,131$359,227$334,933$468,221
60$468,654$348,338$317,661$479,769
61$487,068$336,017$298,914$491,726
62$506,434$322,167$278,612$504,124
63$526,820$306,683$256,676$516,999
64$548,301$289,456$233,020$530,392
65$570,957$270,368$207,555$544,345
66$594,876$249,297$180,189$558,908
67$620,153$226,113$150,826$574,135
68$646,893$200,678$119,363$590,086
69$675,211$172,845$85,697$606,829
70$705,231$142,463$49,716$624,438
71$737,089$109,368$11,306$642,996
72$770,934$73,389$0$662,595
73$806,929$34,345$0$687,137
74$845,253$0$0$714,727
75$886,100$0$0$745,020
76$929,684$0$0$781,786
77$976,240$0$0$821,068
78$1,026,024$0$0$863,081
79$1,079,318$0$0$908,065
80$1,136,429$0$0$956,281
81$1,197,697$0$0$1,008,017
82$1,263,493$0$0$1,063,587
83$1,334,225$0$0$1,123,337
84$1,410,339$0$0$1,187,645
85$1,492,329$0$0$1,256,930
86$1,580,732$0$0$1,331,649
87$1,676,142$0$0$1,412,304
88$1,779,210$0$0$1,499,447
89$1,890,653$0$0$1,593,687
90$2,011,257$0$0$1,695,690
91$2,141,886$0$0$1,806,190
92$2,283,493$0$0$1,925,993
93$2,437,122$0$0$2,055,987
94$2,603,924$0$0$2,197,146
95$2,785,163$0$0$2,350,545
96$2,982,232$0$0$2,517,363
97$3,196,660$0$0$2,698,899
98$3,430,132$0$0$2,896,581
99$3,684,502$0$0$3,111,983
100$3,961,810$0$0$3,346,834