Can I retire at age 56 with 439,000?

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 $439,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$36,252$35,929$35,614$35,307$35,006$34,133
2 years$17,947$17,612$17,288$16,974$16,670$15,795
3 years$11,846$11,510$11,187$10,876$10,576$9,727
4 years$8,796$8,461$8,141$7,835$7,543$6,727
5 years$6,966$6,634$6,318$6,018$5,734$4,953
6 years$5,747$5,417$5,106$4,813$4,537$3,792
7 years$4,876$4,549$4,243$3,957$3,690$2,981
8 years$4,224$3,899$3,598$3,319$3,061$2,388
9 years$3,716$3,395$3,099$2,827$2,578$1,940
10 years$3,311$2,993$2,702$2,437$2,196$1,593
11 years$2,979$2,664$2,379$2,121$1,889$1,319
12 years$2,703$2,391$2,111$1,860$1,637$1,100
13 years$2,469$2,161$1,886$1,643$1,428$922
14 years$2,269$1,964$1,695$1,458$1,251$776
15 years$2,096$1,794$1,530$1,300$1,102$655
16 years$1,945$1,646$1,387$1,164$974$555
17 years$1,812$1,516$1,262$1,046$863$472
18 years$1,693$1,401$1,152$943$768$401
19 years$1,587$1,298$1,055$852$684$342
20 years$1,492$1,207$968$772$611$292
21 years$1,406$1,124$891$700$547$250
22 years$1,328$1,049$821$637$490$214
23 years$1,257$981$758$580$440$183
24 years$1,192$919$701$529$396$157
25 years$1,132$863$649$483$356$135
26 years$1,077$811$602$442$321$116
27 years$1,026$763$559$404$289$99
28 years$978$719$520$370$261$85
29 years$935$678$484$340$236$73
30 years$894$641$450$312$213$63
31 years$855$606$420$286$192$54
32 years$820$573$392$263$174$47
33 years$786$543$366$242$158$40
34 years$755$514$342$223$143$35
35 years$725$488$320$205$129$30
36 years$697$463$299$189$117$26
37 years$671$440$280$174$106$22
38 years$646$418$262$160$96$19
39 years$622$397$246$148$87$16
40 years$600$378$230$136$79$14
41 years$579$360$216$126$72$12
42 years$559$343$202$116$65$10
43 years$540$327$190$107$59$9
44 years$522$311$178$99$54$8
45 years$504$297$167$91$49$7
46 years$488$283$157$84$44$6
47 years$472$270$148$78$40$5
48 years$457$258$139$72$36$4
49 years$442$246$130$67$33$4
50 years$429$235$123$62$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $439,000, adding $4,873 every year, while hoping to spend $34,271 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: 46/38/16 Blend
55$439,000$439,000$439,000$439,000
56$488,804$465,537$458,733$508,857
57$502,198$451,885$437,636$509,658
58$515,810$436,414$414,685$506,677
59$529,625$419,001$389,779$502,704
60$543,627$399,513$362,817$497,662
61$557,797$377,809$333,691$491,466
62$572,112$353,741$302,289$484,028
63$586,545$327,152$268,494$475,253
64$601,068$297,877$232,183$465,039
65$615,644$265,741$193,229$453,277
66$630,235$230,557$151,497$439,853
67$644,796$192,132$106,850$424,641
68$659,276$150,257$59,140$407,511
69$673,617$104,714$8,216$388,321
70$687,755$55,274$0$366,919
71$701,615$1,692$0$351,020
72$715,116$0$0$334,584
73$728,166$0$0$339,590
74$740,659$0$0$344,993
75$752,481$0$0$350,026
76$763,502$0$0$354,623
77$773,576$0$0$358,709
78$782,542$0$0$362,201
79$790,219$0$0$365,006
80$796,407$0$0$367,022
81$800,882$0$0$368,135
82$803,395$0$0$368,217
83$803,671$0$0$367,127
84$801,402$0$0$364,708
85$796,249$0$0$360,787
86$787,832$0$0$355,171
87$775,733$0$0$347,646
88$759,488$0$0$337,975
89$738,582$0$0$325,896
90$712,444$0$0$311,118
91$680,445$0$0$293,321
92$641,884$0$0$272,148
93$595,988$0$0$247,205
94$541,904$0$0$218,059
95$478,684$0$0$184,228
96$405,283$0$0$145,179
97$320,546$0$0$100,325
98$223,193$0$0$49,017
99$111,814$0$0$0
100$0$0$0$0