Can I retire at age 56 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$40,133$39,776$39,427$39,087$38,754$38,382
2 years$19,868$19,498$19,139$18,792$18,454$18,079
3 years$13,114$12,742$12,384$12,040$11,708$11,342
4 years$9,737$9,367$9,013$8,674$8,350$7,996
5 years$7,712$7,344$6,994$6,663$6,348$6,006
6 years$6,362$5,997$5,652$5,328$5,023$4,694
7 years$5,398$5,036$4,697$4,381$4,085$3,769
8 years$4,676$4,317$3,984$3,675$3,389$3,087
9 years$4,114$3,759$3,431$3,130$2,854$2,565
10 years$3,665$3,313$2,991$2,698$2,432$2,156
11 years$3,298$2,949$2,633$2,348$2,091$1,828
12 years$2,992$2,647$2,337$2,060$1,812$1,562
13 years$2,734$2,392$2,088$1,818$1,580$1,342
14 years$2,512$2,175$1,876$1,614$1,385$1,159
15 years$2,321$1,986$1,694$1,440$1,220$1,005
16 years$2,153$1,823$1,536$1,289$1,078$874
17 years$2,005$1,678$1,397$1,158$956$763
18 years$1,874$1,551$1,276$1,044$850$668
19 years$1,757$1,437$1,168$943$758$586
20 years$1,652$1,336$1,072$854$677$514
21 years$1,557$1,244$986$775$606$453
22 years$1,470$1,161$909$705$543$399
23 years$1,391$1,086$839$642$487$352
24 years$1,319$1,018$776$585$438$311
25 years$1,253$955$719$535$394$275
26 years$1,192$898$666$489$355$243
27 years$1,135$845$619$447$320$215
28 years$1,083$796$575$410$289$191
29 years$1,035$751$535$376$261$169
30 years$989$709$499$345$236$150
31 years$947$670$465$317$213$133
32 years$907$634$434$291$193$118
33 years$870$601$405$268$174$105
34 years$836$569$378$246$158$93
35 years$803$540$354$227$143$83
36 years$772$513$331$209$130$74
37 years$743$487$310$192$117$65
38 years$715$463$290$177$106$58
39 years$689$440$272$164$97$52
40 years$664$419$255$151$88$46
41 years$641$398$239$139$79$41
42 years$619$379$224$128$72$36
43 years$598$362$210$119$65$32
44 years$577$345$197$110$59$29
45 years$558$329$185$101$54$26
46 years$540$314$174$93$49$23
47 years$522$299$164$86$44$20
48 years$506$286$154$80$40$18
49 years$490$273$144$74$37$16
50 years$475$261$136$68$33$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $486,000, adding $2,427 every year, while hoping to spend $26,293 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: 71/7/22 Blend
55$486,000$486,000$486,000$486,000
56$538,075$512,317$504,784$573,185
57$564,984$509,445$493,719$594,048
58$593,755$505,552$481,402$613,546
59$624,552$500,558$467,763$634,251
60$657,553$494,382$452,730$656,278
61$692,953$486,936$436,226$679,756
62$730,966$478,128$418,171$704,830
63$771,828$467,859$398,483$731,656
64$815,795$456,025$377,073$760,408
65$863,153$442,517$353,852$791,281
66$914,212$427,217$328,723$824,487
67$969,313$410,003$301,587$860,263
68$1,028,834$390,743$272,340$898,869
69$1,093,186$369,301$240,875$940,594
70$1,162,823$345,529$207,076$985,755
71$1,238,244$319,273$170,827$1,034,706
72$1,319,998$290,371$132,003$1,087,836
73$1,408,688$258,649$90,475$1,145,574
74$1,504,977$223,925$46,108$1,208,395
75$1,609,594$186,007$0$1,276,824
76$1,723,342$144,690$0$1,351,732
77$1,847,104$99,761$0$1,445,038
78$1,981,850$50,992$0$1,546,649
79$2,128,651$0$0$1,657,384
80$2,288,682$0$0$1,778,289
81$2,463,238$0$0$1,914,473
82$2,653,743$0$0$2,063,125
83$2,861,767$0$0$2,225,470
84$3,089,035$0$0$2,402,860
85$3,337,449$0$0$2,596,781
86$3,609,100$0$0$2,808,870
87$3,906,295$0$0$3,040,929
88$4,231,568$0$0$3,294,943
89$4,587,714$0$0$3,573,098
90$4,977,811$0$0$3,877,800
91$5,405,244$0$0$4,211,699
92$5,873,746$0$0$4,577,714
93$6,387,426$0$0$4,979,060
94$6,950,811$0$0$5,419,277
95$7,568,884$0$0$5,902,266
96$8,247,137$0$0$6,432,322
97$8,991,618$0$0$7,014,176
98$9,808,989$0$0$7,653,040
99$10,706,589$0$0$8,354,657
100$11,692,502$0$0$9,125,350