Can I retire at age 56 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$43,437$43,050$42,672$42,304$41,944$41,030
2 years$21,503$21,103$20,715$20,338$19,973$19,057
3 years$14,193$13,791$13,404$13,031$12,672$11,782
4 years$10,539$10,138$9,755$9,388$9,038$8,181
5 years$8,347$7,948$7,570$7,211$6,870$6,049
6 years$6,886$6,490$6,118$5,767$5,436$4,652
7 years$5,843$5,451$5,084$4,741$4,421$3,673
8 years$5,061$4,672$4,311$3,977$3,668$2,956
9 years$4,453$4,068$3,713$3,388$3,089$2,413
10 years$3,967$3,586$3,237$2,920$2,632$1,991
11 years$3,570$3,192$2,850$2,541$2,263$1,657
12 years$3,239$2,865$2,529$2,229$1,961$1,389
13 years$2,959$2,589$2,260$1,968$1,710$1,170
14 years$2,719$2,353$2,031$1,747$1,499$990
15 years$2,512$2,150$1,833$1,558$1,320$841
16 years$2,330$1,973$1,662$1,395$1,167$717
17 years$2,171$1,817$1,513$1,253$1,035$613
18 years$2,029$1,679$1,381$1,130$920$524
19 years$1,902$1,556$1,264$1,021$820$450
20 years$1,788$1,446$1,160$924$732$387
21 years$1,685$1,347$1,067$839$655$333
22 years$1,591$1,257$983$763$587$286
23 years$1,506$1,176$908$695$527$247
24 years$1,428$1,102$840$634$474$213
25 years$1,356$1,034$778$579$426$184
26 years$1,290$972$721$529$384$159
27 years$1,229$914$670$484$346$137
28 years$1,172$862$623$444$313$119
29 years$1,120$813$579$407$282$103
30 years$1,071$768$540$373$255$89
31 years$1,025$726$503$343$231$77
32 years$982$687$469$315$209$67
33 years$942$650$438$290$189$58
34 years$904$616$410$267$171$50
35 years$869$584$383$245$155$43
36 years$835$555$358$226$140$38
37 years$804$527$335$208$127$33
38 years$774$501$314$192$115$28
39 years$746$476$294$177$104$24
40 years$719$453$276$163$95$21
41 years$694$431$259$151$86$18
42 years$670$411$243$139$78$16
43 years$647$391$228$128$71$14
44 years$625$373$214$119$64$12
45 years$604$356$201$109$58$10
46 years$584$339$188$101$53$9
47 years$565$324$177$93$48$8
48 years$547$309$166$86$44$7
49 years$530$295$156$80$40$6
50 years$514$282$147$74$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $526,000, adding $4,909 every year, while hoping to spend $42,445 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: 90/5/5 Blend
55$526,000$526,000$526,000$526,000
56$584,716$556,838$548,685$636,995
57$599,195$538,962$521,904$653,852
58$613,730$518,787$492,804$665,842
59$628,279$496,156$461,262$677,596
60$642,799$470,903$427,150$689,054
61$657,238$442,852$390,333$700,151
62$671,540$411,815$350,673$710,813
63$685,639$377,596$308,023$720,957
64$699,463$339,987$262,231$730,493
65$712,930$298,768$213,137$739,320
66$725,947$253,705$160,575$747,326
67$738,411$204,554$104,371$754,386
68$750,207$151,055$44,346$760,363
69$761,204$92,934$0$765,105
70$771,260$29,900$0$769,495
71$780,212$0$0$774,888
72$787,881$0$0$780,831
73$794,068$0$0$786,948
74$798,548$0$0$791,373
75$801,076$0$0$793,860
76$801,375$0$0$794,136
77$799,141$0$0$791,899
78$794,033$0$0$786,811
79$785,676$0$0$778,500
80$773,651$0$0$766,552
81$757,497$0$0$750,506
82$736,701$0$0$729,856
83$710,695$0$0$704,038
84$678,850$0$0$672,428
85$640,470$0$0$634,336
86$594,785$0$0$588,998
87$540,944$0$0$535,569
88$478,003$0$0$473,115
89$404,922$0$0$400,603
90$320,549$0$0$316,890
91$223,611$0$0$220,714
92$112,702$0$0$110,681
93$0$0$0$0
94$0$0$0$0
95$0$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