Can I retire at age 56 with 521,000?

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 $521,000?

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$43,024$42,640$42,267$41,902$41,545$40,840
2 years$21,299$20,902$20,518$20,145$19,783$19,075
3 years$14,058$13,660$13,276$12,907$12,551$11,862
4 years$10,439$10,041$9,662$9,299$8,952$8,287
5 years$8,267$7,873$7,498$7,142$6,805$6,166
6 years$6,820$6,429$6,059$5,712$5,385$4,773
7 years$5,787$5,399$5,035$4,696$4,379$3,794
8 years$5,013$4,628$4,270$3,939$3,633$3,075
9 years$4,411$4,029$3,678$3,355$3,059$2,528
10 years$3,929$3,552$3,207$2,892$2,607$2,102
11 years$3,536$3,162$2,823$2,517$2,242$1,763
12 years$3,208$2,838$2,505$2,208$1,943$1,488
13 years$2,931$2,565$2,238$1,949$1,694$1,264
14 years$2,693$2,331$2,011$1,730$1,485$1,079
15 years$2,488$2,130$1,816$1,543$1,308$924
16 years$2,308$1,954$1,646$1,382$1,156$794
17 years$2,150$1,799$1,498$1,242$1,025$684
18 years$2,009$1,663$1,368$1,119$911$591
19 years$1,884$1,541$1,252$1,011$812$511
20 years$1,771$1,432$1,149$916$725$443
21 years$1,669$1,334$1,057$831$649$385
22 years$1,576$1,245$974$756$582$335
23 years$1,492$1,164$899$688$522$291
24 years$1,414$1,091$832$628$469$254
25 years$1,343$1,024$770$573$422$221
26 years$1,278$962$714$524$381$193
27 years$1,217$906$663$480$343$168
28 years$1,161$853$617$440$310$147
29 years$1,109$805$574$403$280$128
30 years$1,061$760$535$370$253$112
31 years$1,015$719$498$340$228$98
32 years$973$680$465$312$207$86
33 years$933$644$434$287$187$75
34 years$896$610$406$264$169$66
35 years$861$579$379$243$153$57
36 years$827$550$355$224$139$50
37 years$796$522$332$206$126$44
38 years$767$496$311$190$114$39
39 years$739$472$291$175$103$34
40 years$712$449$273$162$94$30
41 years$687$427$256$149$85$26
42 years$663$407$240$138$77$23
43 years$641$388$225$127$70$20
44 years$619$369$212$117$64$17
45 years$598$352$199$108$58$15
46 years$579$336$187$100$52$13
47 years$560$321$175$93$48$12
48 years$542$306$165$85$43$10
49 years$525$292$155$79$39$9
50 years$509$279$146$73$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $521,000, adding $3,608 every year, while hoping to spend $23,441 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: 30/50/20 Blend
55$521,000$521,000$521,000$521,000
56$577,864$550,251$542,175$591,486
57$611,865$552,272$535,397$604,157
58$648,548$553,607$527,606$615,423
59$688,163$554,196$518,744$627,047
60$730,983$553,979$508,749$639,075
61$777,308$552,889$497,557$651,558
62$827,468$550,855$485,100$664,555
63$881,828$547,805$471,309$678,132
64$940,786$543,659$456,109$692,366
65$1,004,782$538,334$439,424$707,342
66$1,074,298$531,741$421,174$723,155
67$1,149,867$523,786$401,273$739,917
68$1,232,072$514,370$379,634$757,749
69$1,321,556$503,388$356,166$776,789
70$1,419,029$490,728$330,771$797,195
71$1,525,268$476,272$303,350$819,140
72$1,641,130$459,894$273,797$842,820
73$1,767,560$441,463$242,003$868,456
74$1,905,595$420,838$207,854$896,294
75$2,056,378$397,872$171,230$926,609
76$2,221,168$372,407$132,006$959,710
77$2,401,350$344,279$90,051$995,940
78$2,598,451$313,311$45,231$1,035,685
79$2,814,148$279,319$0$1,079,372
80$3,050,293$242,107$0$1,128,036
81$3,308,921$201,468$0$1,191,991
82$3,592,275$157,184$0$1,262,202
83$3,902,825$109,024$0$1,339,363
84$4,243,292$56,745$0$1,424,246
85$4,616,671$89$0$1,517,706
86$5,026,262$0$0$1,620,691
87$5,475,701$0$0$1,767,934
88$5,968,991$0$0$1,929,682
89$6,510,541$0$0$2,107,343
90$7,105,210$0$0$2,302,522
91$7,758,349$0$0$2,516,986
92$8,475,852$0$0$2,752,683
93$9,264,215$0$0$3,011,759
94$10,130,592$0$0$3,296,577
95$11,082,863$0$0$3,609,741
96$12,129,714$0$0$3,954,121
97$13,280,710$0$0$4,332,877
98$14,546,391$0$0$4,749,493
99$15,938,369$0$0$5,207,805
100$17,469,439$0$0$5,712,042