Can I retire at age 56 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$42,941$42,559$42,185$41,821$41,466$40,981
2 years$21,258$20,862$20,478$20,106$19,745$19,258
3 years$14,031$13,634$13,251$12,882$12,527$12,052
4 years$10,419$10,022$9,643$9,281$8,935$8,475
5 years$8,251$7,857$7,484$7,129$6,792$6,349
6 years$6,807$6,416$6,048$5,701$5,374$4,949
7 years$5,776$5,388$5,026$4,687$4,371$3,963
8 years$5,003$4,619$4,262$3,932$3,626$3,236
9 years$4,402$4,021$3,671$3,349$3,054$2,681
10 years$3,922$3,545$3,201$2,887$2,602$2,247
11 years$3,529$3,156$2,818$2,512$2,238$1,899
12 years$3,202$2,832$2,501$2,204$1,939$1,617
13 years$2,925$2,560$2,234$1,946$1,691$1,385
14 years$2,688$2,327$2,007$1,727$1,482$1,192
15 years$2,483$2,125$1,812$1,540$1,305$1,031
16 years$2,304$1,950$1,643$1,379$1,153$894
17 years$2,146$1,796$1,495$1,239$1,023$777
18 years$2,005$1,660$1,365$1,117$909$678
19 years$1,880$1,538$1,250$1,009$811$592
20 years$1,767$1,429$1,147$914$724$518
21 years$1,665$1,331$1,055$829$648$454
22 years$1,573$1,243$972$754$581$399
23 years$1,489$1,162$898$687$521$351
24 years$1,412$1,089$830$626$469$308
25 years$1,341$1,022$769$572$422$272
26 years$1,275$960$713$523$380$239
27 years$1,215$904$662$479$342$211
28 years$1,159$852$616$439$309$186
29 years$1,107$804$573$402$279$165
30 years$1,058$759$534$369$252$145
31 years$1,013$717$497$339$228$128
32 years$971$679$464$312$206$114
33 years$931$643$433$287$187$100
34 years$894$609$405$264$169$89
35 years$859$578$379$243$153$79
36 years$826$548$354$224$139$70
37 years$795$521$331$206$126$62
38 years$765$495$310$190$114$55
39 years$737$471$291$175$103$48
40 years$711$448$273$161$94$43
41 years$686$426$256$149$85$38
42 years$662$406$240$137$77$34
43 years$639$387$225$127$70$30
44 years$618$369$211$117$64$26
45 years$597$352$198$108$58$23
46 years$578$335$186$100$52$21
47 years$559$320$175$92$48$18
48 years$541$306$164$85$43$16
49 years$524$292$155$79$39$14
50 years$508$279$145$73$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $520,000, adding $4,584 every year, while hoping to spend $41,397 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: 39/33/28 Blend
55$520,000$520,000$520,000$520,000
56$577,768$550,208$542,148$595,357
57$592,655$533,123$516,264$591,536
58$607,672$513,812$488,126$583,253
59$622,790$492,124$457,613$573,507
60$637,973$467,897$424,602$562,190
61$653,183$440,961$388,963$549,188
62$668,373$411,133$350,559$534,380
63$683,493$378,224$309,248$517,638
64$698,483$342,031$264,882$498,822
65$713,279$302,341$217,306$477,786
66$727,806$258,928$166,358$454,374
67$741,980$211,554$111,869$428,418
68$755,708$159,966$53,662$399,740
69$768,884$103,899$0$368,149
70$781,392$43,071$0$335,968
71$793,099$0$0$317,727
72$803,859$0$0$305,489
73$813,506$0$0$308,375
74$821,859$0$0$310,666
75$828,713$0$0$312,271
76$833,841$0$0$313,092
77$836,991$0$0$313,020
78$837,883$0$0$311,932
79$836,204$0$0$309,693
80$831,610$0$0$306,153
81$823,715$0$0$301,146
82$812,094$0$0$294,486
83$796,275$0$0$285,970
84$775,735$0$0$275,370
85$749,895$0$0$262,437
86$718,113$0$0$246,892
87$679,678$0$0$228,428
88$633,805$0$0$206,707
89$579,624$0$0$181,352
90$516,173$0$0$151,948
91$442,390$0$0$118,035
92$357,097$0$0$79,108
93$258,997$0$0$34,604
94$146,654$0$0$0
95$18,480$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0