Can I retire at age 56 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$43,932$43,541$43,159$42,786$42,422$42,032
2 years$21,749$21,343$20,951$20,570$20,201$19,808
3 years$14,355$13,948$13,557$13,180$12,816$12,432
4 years$10,659$10,253$9,866$9,495$9,141$8,769
5 years$8,442$8,039$7,656$7,293$6,949$6,590
6 years$6,964$6,564$6,187$5,832$5,498$5,153
7 years$5,909$5,513$5,142$4,795$4,472$4,141
8 years$5,119$4,725$4,361$4,023$3,710$3,392
9 years$4,504$4,114$3,756$3,426$3,124$2,821
10 years$4,012$3,627$3,274$2,954$2,662$2,372
11 years$3,610$3,229$2,883$2,570$2,289$2,013
12 years$3,276$2,898$2,558$2,255$1,984$1,721
13 years$2,993$2,619$2,286$1,990$1,730$1,480
14 years$2,750$2,380$2,054$1,767$1,516$1,279
15 years$2,540$2,174$1,854$1,576$1,335$1,109
16 years$2,357$1,995$1,681$1,411$1,180$966
17 years$2,195$1,837$1,530$1,268$1,046$844
18 years$2,052$1,698$1,396$1,142$930$739
19 years$1,923$1,574$1,278$1,032$829$648
20 years$1,808$1,462$1,173$935$741$570
21 years$1,704$1,362$1,079$849$663$502
22 years$1,609$1,271$995$772$594$443
23 years$1,523$1,189$918$703$533$391
24 years$1,444$1,114$849$641$479$345
25 years$1,372$1,045$787$585$431$306
26 years$1,305$983$730$535$389$271
27 years$1,243$925$677$490$350$240
28 years$1,186$871$630$449$316$213
29 years$1,132$822$586$412$285$189
30 years$1,083$776$546$378$258$168
31 years$1,037$734$509$347$233$149
32 years$993$694$475$319$211$132
33 years$953$658$443$293$191$117
34 years$915$623$414$270$173$104
35 years$879$591$387$248$157$93
36 years$845$561$362$229$142$83
37 years$813$533$339$211$129$74
38 years$783$506$318$194$117$65
39 years$754$482$298$179$106$58
40 years$727$458$279$165$96$52
41 years$702$436$261$152$87$46
42 years$677$415$245$141$79$41
43 years$654$396$230$130$72$37
44 years$632$377$216$120$65$33
45 years$611$360$203$111$59$29
46 years$591$343$191$102$54$26
47 years$572$328$179$94$49$23
48 years$554$313$168$87$44$21
49 years$536$299$158$81$40$18
50 years$519$285$149$75$36$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $532,000, adding $4,224 every year, while hoping to spend $41,364 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: 44/32/24 Blend
55$532,000$532,000$532,000$532,000
56$590,621$562,425$554,179$612,335
57$606,853$545,973$528,733$611,689
58$623,355$527,328$501,048$606,660
59$640,110$506,340$471,006$600,385
60$657,099$482,848$438,482$592,771
61$674,299$456,684$403,348$583,718
62$691,684$427,668$365,466$573,119
63$709,224$395,612$324,697$560,862
64$726,882$360,314$280,892$546,825
65$744,620$321,565$233,898$530,880
66$762,390$279,140$183,552$512,889
67$780,139$232,804$129,687$492,706
68$797,809$182,307$72,127$470,175
69$815,331$127,386$10,688$445,130
70$832,629$67,761$0$417,392
71$849,616$3,141$0$400,825
72$866,196$0$0$385,007
73$882,259$0$0$390,553
74$897,684$0$0$396,859
75$912,334$0$0$402,752
76$926,055$0$0$408,157
77$938,676$0$0$412,990
78$950,007$0$0$417,156
79$959,835$0$0$420,552
80$967,922$0$0$423,060
81$974,005$0$0$424,552
82$977,790$0$0$424,884
83$978,951$0$0$423,896
84$977,125$0$0$421,412
85$971,910$0$0$417,233
86$962,859$0$0$411,143
87$949,478$0$0$402,899
88$931,216$0$0$392,233
89$907,466$0$0$378,849
90$877,553$0$0$362,419
91$840,731$0$0$342,577
92$796,173$0$0$318,922
93$742,966$0$0$291,009
94$680,098$0$0$258,344
95$606,449$0$0$220,384
96$520,784$0$0$176,525
97$421,733$0$0$126,104
98$307,786$0$0$68,384
99$177,272$0$0$2,554
100$28,346$0$0$0