Can I retire at age 56 with 393,000?

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 $393,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$32,454$32,164$31,882$31,607$31,338$30,807
2 years$16,066$15,767$15,477$15,196$14,923$14,389
3 years$10,604$10,304$10,015$9,736$9,468$8,948
4 years$7,874$7,574$7,288$7,014$6,753$6,251
5 years$6,236$5,938$5,656$5,388$5,133$4,651
6 years$5,145$4,849$4,571$4,309$4,062$3,600
7 years$4,365$4,072$3,798$3,542$3,303$2,862
8 years$3,781$3,491$3,221$2,972$2,740$2,320
9 years$3,327$3,039$2,774$2,531$2,308$1,907
10 years$2,964$2,679$2,419$2,182$1,966$1,585
11 years$2,667$2,385$2,130$1,899$1,691$1,329
12 years$2,420$2,141$1,890$1,666$1,465$1,123
13 years$2,211$1,934$1,688$1,470$1,278$954
14 years$2,032$1,758$1,517$1,305$1,120$814
15 years$1,877$1,606$1,370$1,164$986$697
16 years$1,741$1,474$1,242$1,042$872$599
17 years$1,622$1,357$1,130$937$773$516
18 years$1,516$1,254$1,032$844$687$446
19 years$1,421$1,162$944$763$613$386
20 years$1,336$1,080$867$691$547$334
21 years$1,259$1,006$797$627$490$290
22 years$1,189$939$735$570$439$252
23 years$1,125$878$678$519$394$220
24 years$1,067$823$627$473$354$191
25 years$1,013$772$581$432$319$167
26 years$964$726$539$395$287$145
27 years$918$683$500$362$259$127
28 years$876$644$465$332$234$111
29 years$837$607$433$304$211$97
30 years$800$573$403$279$191$85
31 years$766$542$376$256$172$74
32 years$734$513$351$235$156$65
33 years$704$486$328$217$141$57
34 years$676$460$306$199$128$50
35 years$649$437$286$183$116$43
36 years$624$414$268$169$105$38
37 years$601$394$251$156$95$33
38 years$578$374$235$143$86$29
39 years$557$356$220$132$78$25
40 years$537$338$206$122$71$22
41 years$518$322$193$113$64$20
42 years$500$307$181$104$58$17
43 years$483$292$170$96$53$15
44 years$467$279$160$89$48$13
45 years$451$266$150$82$44$12
46 years$437$254$141$76$40$10
47 years$422$242$132$70$36$9
48 years$409$231$124$64$33$8
49 years$396$221$117$60$30$7
50 years$384$211$110$55$27$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $393,000, adding $3,847 every year, while hoping to spend $26,958 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: 48/27/25 Blend
55$393,000$393,000$393,000$393,000
56$437,054$416,225$410,134$454,760
57$452,951$407,937$395,190$459,264
58$469,565$398,339$378,842$461,174
59$486,942$387,339$361,015$462,710
60$505,130$374,839$341,629$463,849
61$524,182$360,735$320,602$464,569
62$544,154$344,916$297,848$464,846
63$565,108$327,268$273,276$464,657
64$587,111$307,666$246,793$463,979
65$610,236$285,981$218,300$462,786
66$634,562$262,076$187,695$461,057
67$660,175$235,805$154,870$458,768
68$687,168$207,015$119,713$455,895
69$715,643$175,543$82,108$452,417
70$745,712$141,218$41,932$448,312
71$777,496$103,859$0$443,561
72$811,127$63,274$0$438,397
73$846,750$19,262$0$444,504
74$884,522$0$0$450,709
75$924,616$0$0$465,473
76$967,221$0$0$487,266
77$1,012,543$0$0$510,472
78$1,060,808$0$0$535,211
79$1,112,262$0$0$561,612
80$1,167,177$0$0$589,818
81$1,225,850$0$0$619,985
82$1,288,606$0$0$652,284
83$1,355,801$0$0$686,903
84$1,427,825$0$0$724,048
85$1,505,110$0$0$763,945
86$1,588,123$0$0$806,842
87$1,677,384$0$0$853,011
88$1,773,458$0$0$902,751
89$1,876,968$0$0$956,391
90$1,988,599$0$0$1,014,291
91$2,109,102$0$0$1,076,848
92$2,239,303$0$0$1,144,497
93$2,380,109$0$0$1,217,718
94$2,532,517$0$0$1,297,036
95$2,697,625$0$0$1,383,031
96$2,876,638$0$0$1,476,339
97$3,070,882$0$0$1,577,659
98$3,281,815$0$0$1,687,762
99$3,511,040$0$0$1,807,496
100$3,760,322$0$0$1,937,790