Can I retire at age 56 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$44,015$43,623$43,240$42,867$42,502$42,323
2 years$21,789$21,384$20,990$20,609$20,239$20,058
3 years$14,382$13,974$13,582$13,204$12,841$12,664
4 years$10,679$10,273$9,884$9,513$9,158$8,986
5 years$8,458$8,054$7,671$7,307$6,962$6,796
6 years$6,977$6,577$6,199$5,843$5,509$5,349
7 years$5,920$5,523$5,151$4,804$4,480$4,326
8 years$5,128$4,734$4,369$4,030$3,717$3,569
9 years$4,512$4,122$3,763$3,433$3,130$2,988
10 years$4,020$3,633$3,281$2,959$2,667$2,531
11 years$3,617$3,235$2,888$2,575$2,294$2,164
12 years$3,282$2,903$2,563$2,259$1,988$1,863
13 years$2,998$2,624$2,290$1,994$1,733$1,615
14 years$2,755$2,385$2,058$1,770$1,519$1,406
15 years$2,545$2,179$1,858$1,579$1,338$1,230
16 years$2,361$1,999$1,684$1,414$1,182$1,080
17 years$2,199$1,841$1,533$1,270$1,048$951
18 years$2,056$1,701$1,399$1,145$932$840
19 years$1,927$1,576$1,281$1,034$831$743
20 years$1,811$1,465$1,175$937$742$659
21 years$1,707$1,365$1,081$850$664$586
22 years$1,612$1,274$996$773$595$521
23 years$1,526$1,191$920$704$534$464
24 years$1,447$1,116$851$642$480$414
25 years$1,374$1,047$788$586$432$370
26 years$1,307$984$731$536$389$331
27 years$1,245$926$679$491$351$296
28 years$1,188$873$631$450$317$265
29 years$1,135$824$587$412$286$237
30 years$1,085$778$547$378$258$213
31 years$1,039$735$510$348$234$191
32 years$995$696$476$319$211$171
33 years$955$659$444$294$191$154
34 years$916$624$415$270$173$138
35 years$880$592$388$249$157$124
36 years$847$562$363$229$142$111
37 years$815$534$340$211$129$100
38 years$784$507$318$195$117$90
39 years$756$483$298$179$106$81
40 years$729$459$279$165$96$73
41 years$703$437$262$153$87$65
42 years$679$416$246$141$79$59
43 years$655$397$231$130$72$53
44 years$633$378$216$120$65$48
45 years$612$360$203$111$59$43
46 years$592$344$191$102$54$39
47 years$573$328$179$95$49$35
48 years$555$313$169$87$44$31
49 years$537$299$158$81$40$28
50 years$520$286$149$75$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $533,000, adding $3,721 every year, while hoping to spend $30,593 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: 82/6/12 Blend
55$533,000$533,000$533,000$533,000
56$591,204$562,955$554,694$638,114
57$618,956$557,989$540,725$664,443
58$648,514$551,755$525,263$688,936
59$680,029$544,157$508,226$714,918
60$713,667$535,096$489,527$742,525
61$749,611$524,466$469,076$771,902
62$788,060$512,154$446,779$803,211
63$829,234$498,041$422,538$836,631
64$873,373$482,002$396,250$872,359
65$920,740$463,903$367,808$910,611
66$971,624$443,603$337,098$951,624
67$1,026,343$420,953$304,004$995,664
68$1,085,245$395,795$268,403$1,043,018
69$1,148,713$367,962$230,168$1,094,007
70$1,217,167$337,277$189,163$1,148,983
71$1,291,069$303,554$145,251$1,208,334
72$1,370,926$266,596$98,285$1,272,488
73$1,457,296$226,195$48,113$1,341,918
74$1,550,791$182,129$0$1,417,143
75$1,652,085$134,167$0$1,499,434
76$1,761,920$82,063$0$1,595,345
77$1,881,109$25,558$0$1,699,431
78$2,010,549$0$0$1,812,484
79$2,151,226$0$0$1,937,728
80$2,304,222$0$0$2,075,787
81$2,470,732$0$0$2,226,050
82$2,652,068$0$0$2,389,704
83$2,849,673$0$0$2,568,054
84$3,065,138$0$0$2,762,535
85$3,300,211$0$0$2,974,728
86$3,556,818$0$0$3,206,373
87$3,837,079$0$0$3,459,385
88$4,143,326$0$0$3,735,872
89$4,478,129$0$0$4,038,154
90$4,844,315$0$0$4,368,788
91$5,244,999$0$0$4,730,588
92$5,683,610$0$0$5,126,650
93$6,163,923$0$0$5,560,388
94$6,690,096$0$0$6,035,557
95$7,266,709$0$0$6,556,296
96$7,898,804$0$0$7,127,162
97$8,591,937$0$0$7,753,173
98$9,352,223$0$0$8,439,856
99$10,186,402$0$0$9,193,301
100$11,101,895$0$0$10,020,214