Can I retire at age 56 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$47,483$47,060$46,647$46,245$45,851$45,335
2 years$23,506$23,069$22,644$22,233$21,834$21,314
3 years$15,515$15,076$14,652$14,245$13,852$13,345
4 years$11,520$11,082$10,663$10,263$9,880$9,389
5 years$9,124$8,689$8,275$7,883$7,510$7,038
6 years$7,527$7,095$6,687$6,304$5,943$5,489
7 years$6,387$5,958$5,557$5,183$4,833$4,398
8 years$5,532$5,107$4,713$4,348$4,009$3,593
9 years$4,868$4,447$4,059$3,703$3,377$2,979
10 years$4,336$3,920$3,539$3,192$2,877$2,497
11 years$3,902$3,489$3,116$2,778$2,474$2,113
12 years$3,540$3,132$2,765$2,437$2,144$1,800
13 years$3,234$2,830$2,470$2,151$1,870$1,543
14 years$2,973$2,573$2,220$1,910$1,639$1,329
15 years$2,746$2,350$2,004$1,703$1,443$1,149
16 years$2,547$2,156$1,817$1,525$1,275$997
17 years$2,373$1,986$1,653$1,370$1,131$868
18 years$2,218$1,835$1,509$1,235$1,006$757
19 years$2,079$1,701$1,382$1,116$896$662
20 years$1,954$1,580$1,268$1,011$801$580
21 years$1,842$1,472$1,166$917$716$509
22 years$1,739$1,374$1,075$834$642$447
23 years$1,646$1,285$993$759$576$393
24 years$1,561$1,204$918$693$518$346
25 years$1,482$1,130$850$633$466$305
26 years$1,410$1,062$789$578$420$269
27 years$1,343$999$732$529$379$238
28 years$1,282$942$681$485$342$210
29 years$1,224$888$633$445$308$185
30 years$1,170$839$590$408$279$164
31 years$1,120$793$550$375$252$145
32 years$1,074$751$513$345$228$128
33 years$1,030$711$479$317$206$114
34 years$989$674$448$292$187$101
35 years$950$639$419$268$169$89
36 years$913$606$392$247$153$79
37 years$879$576$367$228$139$70
38 years$846$547$343$210$126$62
39 years$815$521$322$194$114$55
40 years$786$495$301$179$104$49
41 years$758$471$283$165$94$43
42 years$732$449$265$152$85$38
43 years$707$428$249$140$77$34
44 years$683$408$234$130$70$30
45 years$660$389$219$120$64$27
46 years$639$371$206$111$58$24
47 years$618$354$193$102$53$21
48 years$598$338$182$94$48$19
49 years$579$323$171$87$43$16
50 years$561$308$161$81$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $575,000, adding $5,468 every year, while hoping to spend $32,722 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: 65/27/8 Blend
55$575,000$575,000$575,000$575,000
56$639,290$608,815$599,903$679,495
57$669,682$603,831$585,184$701,961
58$702,077$597,506$568,875$722,116
59$736,645$589,740$550,888$743,284
60$773,572$580,427$531,132$765,559
61$813,062$569,453$509,510$789,049
62$855,338$556,700$485,923$813,871
63$900,646$542,042$460,265$840,157
64$949,254$525,344$432,426$868,053
65$1,001,458$506,466$402,292$897,720
66$1,057,580$485,257$369,743$929,338
67$1,117,978$461,559$334,654$963,107
68$1,183,041$435,204$296,894$999,248
69$1,253,197$406,016$256,326$1,038,007
70$1,328,918$373,806$212,808$1,079,656
71$1,410,722$338,376$166,191$1,124,497
72$1,499,176$299,517$116,319$1,172,867
73$1,594,907$257,008$63,030$1,225,137
74$1,698,600$210,615$6,155$1,281,718
75$1,811,013$160,090$0$1,343,068
76$1,932,974$105,173$0$1,414,348
77$2,065,399$45,587$0$1,492,327
78$2,209,292$0$0$1,577,115
79$2,365,759$0$0$1,675,051
80$2,536,015$0$0$1,796,390
81$2,721,399$0$0$1,928,546
82$2,923,384$0$0$2,072,573
83$3,143,590$0$0$2,229,631
84$3,383,801$0$0$2,400,997
85$3,645,979$0$0$2,588,077
86$3,932,287$0$0$2,792,417
87$4,245,101$0$0$3,015,721
88$4,587,042$0$0$3,259,865
89$4,960,993$0$0$3,526,912
90$5,370,128$0$0$3,819,136
91$5,817,942$0$0$4,139,040
92$6,308,286$0$0$4,489,380
93$6,845,398$0$0$4,873,191
94$7,433,945$0$0$5,293,818
95$8,079,069$0$0$5,754,940
96$8,786,432$0$0$6,260,613
97$9,562,270$0$0$6,815,303
98$10,413,452$0$0$7,423,929
99$11,347,543$0$0$8,091,908
100$12,372,876$0$0$8,825,210