Can I retire at age 56 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$47,235$46,814$46,404$46,003$45,612$44,949
2 years$23,384$22,948$22,526$22,117$21,720$21,053
3 years$15,434$14,997$14,576$14,171$13,780$13,131
4 years$11,460$11,024$10,608$10,209$9,828$9,201
5 years$9,077$8,643$8,232$7,842$7,471$6,868
6 years$7,488$7,058$6,653$6,271$5,912$5,333
7 years$6,354$5,927$5,528$5,156$4,808$4,254
8 years$5,503$5,081$4,688$4,325$3,989$3,460
9 years$4,842$4,424$4,038$3,684$3,359$2,854
10 years$4,314$3,899$3,521$3,176$2,862$2,382
11 years$3,882$3,471$3,099$2,764$2,461$2,005
12 years$3,522$3,116$2,751$2,424$2,133$1,700
13 years$3,218$2,816$2,458$2,140$1,860$1,449
14 years$2,957$2,559$2,208$1,900$1,630$1,242
15 years$2,731$2,338$1,994$1,694$1,436$1,068
16 years$2,534$2,145$1,808$1,517$1,269$922
17 years$2,360$1,976$1,645$1,363$1,125$798
18 years$2,206$1,825$1,501$1,228$1,000$692
19 years$2,068$1,692$1,375$1,110$892$601
20 years$1,944$1,572$1,261$1,005$796$524
21 years$1,832$1,464$1,160$912$713$457
22 years$1,730$1,367$1,069$830$639$399
23 years$1,638$1,278$987$755$573$349
24 years$1,553$1,198$913$689$515$305
25 years$1,475$1,124$846$629$464$267
26 years$1,403$1,056$784$575$418$234
27 years$1,336$994$728$527$377$205
28 years$1,275$937$677$483$340$180
29 years$1,218$884$630$442$307$158
30 years$1,164$835$587$406$277$139
31 years$1,115$789$547$373$251$122
32 years$1,068$747$511$343$227$107
33 years$1,024$707$477$315$205$94
34 years$983$670$445$290$186$83
35 years$945$636$416$267$168$73
36 years$908$603$390$246$152$64
37 years$874$573$365$227$138$57
38 years$842$545$341$209$125$50
39 years$811$518$320$193$114$44
40 years$782$493$300$178$103$39
41 years$754$469$281$164$93$34
42 years$728$447$264$151$85$30
43 years$703$426$247$140$77$26
44 years$680$406$232$129$70$23
45 years$657$387$218$119$63$20
46 years$635$369$205$110$58$18
47 years$615$352$192$102$52$16
48 years$595$336$181$94$48$14
49 years$576$321$170$87$43$12
50 years$558$307$160$80$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $572,000, adding $3,524 every year, while hoping to spend $22,298 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: 40/45/15 Blend
55$572,000$572,000$572,000$572,000
56$633,979$603,663$594,797$656,379
57$674,920$609,518$590,998$678,457
58$719,290$614,912$586,324$699,888
59$767,414$619,799$580,723$722,592
60$819,652$624,131$574,139$746,697
61$876,398$627,855$566,514$772,342
62$938,086$630,916$557,788$799,683
63$1,005,194$633,253$547,896$828,894
64$1,078,246$634,805$536,773$860,165
65$1,157,821$635,505$524,349$893,709
66$1,244,555$635,281$510,551$929,761
67$1,339,148$634,058$495,303$968,584
68$1,442,371$631,756$478,525$1,010,466
69$1,555,070$628,290$460,134$1,055,728
70$1,678,181$623,570$440,042$1,104,726
71$1,812,731$617,500$418,159$1,157,854
72$1,959,851$609,979$394,389$1,215,548
73$2,120,788$600,900$368,632$1,278,290
74$2,296,912$590,148$340,786$1,346,617
75$2,489,735$577,604$310,740$1,421,120
76$2,700,920$563,138$278,382$1,502,454
77$2,932,299$546,617$243,592$1,591,345
78$3,185,889$527,896$206,248$1,688,595
79$3,463,911$506,824$166,219$1,795,092
80$3,768,813$483,242$123,370$1,911,819
81$4,103,290$456,979$77,561$2,039,861
82$4,470,310$427,856$28,644$2,180,419
83$4,873,144$395,683$0$2,334,822
84$5,315,393$360,259$0$2,508,309
85$5,801,025$321,374$0$2,703,869
86$6,334,410$278,802$0$2,918,734
87$6,920,364$232,307$0$3,154,914
88$7,564,189$181,639$0$3,414,629
89$8,271,731$126,533$0$3,700,331
90$9,049,425$66,711$0$4,014,724
91$9,904,365$1,878$0$4,360,796
92$10,844,363$0$0$4,741,843
93$11,878,029$0$0$5,195,315
94$13,014,845$0$0$5,695,148
95$14,265,263$0$0$6,245,015
96$15,640,795$0$0$6,849,992
97$17,154,125$0$0$7,515,667
98$18,819,232$0$0$8,248,201
99$20,651,514$0$0$9,054,381
100$22,667,940$0$0$9,941,684