Can I retire at age 56 with 439,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$36,252$35,929$35,614$35,307$35,006$34,441
2 years$17,947$17,612$17,288$16,974$16,670$16,101
3 years$11,846$11,510$11,187$10,876$10,576$10,023
4 years$8,796$8,461$8,141$7,835$7,543$7,009
5 years$6,966$6,634$6,318$6,018$5,734$5,221
6 years$5,747$5,417$5,106$4,813$4,537$4,045
7 years$4,876$4,549$4,243$3,957$3,690$3,220
8 years$4,224$3,899$3,598$3,319$3,061$2,612
9 years$3,716$3,395$3,099$2,827$2,578$2,150
10 years$3,311$2,993$2,702$2,437$2,196$1,790
11 years$2,979$2,664$2,379$2,121$1,889$1,503
12 years$2,703$2,391$2,111$1,860$1,637$1,271
13 years$2,469$2,161$1,886$1,643$1,428$1,081
14 years$2,269$1,964$1,695$1,458$1,251$923
15 years$2,096$1,794$1,530$1,300$1,102$792
16 years$1,945$1,646$1,387$1,164$974$682
17 years$1,812$1,516$1,262$1,046$863$588
18 years$1,693$1,401$1,152$943$768$509
19 years$1,587$1,298$1,055$852$684$441
20 years$1,492$1,207$968$772$611$383
21 years$1,406$1,124$891$700$547$333
22 years$1,328$1,049$821$637$490$290
23 years$1,257$981$758$580$440$253
24 years$1,192$919$701$529$396$220
25 years$1,132$863$649$483$356$192
26 years$1,077$811$602$442$321$168
27 years$1,026$763$559$404$289$147
28 years$978$719$520$370$261$129
29 years$935$678$484$340$236$112
30 years$894$641$450$312$213$98
31 years$855$606$420$286$192$86
32 years$820$573$392$263$174$76
33 years$786$543$366$242$158$66
34 years$755$514$342$223$143$58
35 years$725$488$320$205$129$51
36 years$697$463$299$189$117$45
37 years$671$440$280$174$106$39
38 years$646$418$262$160$96$34
39 years$622$397$246$148$87$30
40 years$600$378$230$136$79$26
41 years$579$360$216$126$72$23
42 years$559$343$202$116$65$20
43 years$540$327$190$107$59$18
44 years$522$311$178$99$54$16
45 years$504$297$167$91$49$14
46 years$488$283$157$84$44$12
47 years$472$270$148$78$40$11
48 years$457$258$139$72$36$9
49 years$442$246$130$67$33$8
50 years$429$235$123$62$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $439,000, adding $3,342 every year, while hoping to spend $25,471 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: 44/50/6 Blend
55$439,000$439,000$439,000$439,000
56$487,225$463,958$457,154$507,694
57$509,821$459,591$445,367$517,810
58$533,868$454,157$432,333$525,872
59$559,488$447,575$417,981$534,015
60$586,812$439,763$402,239$542,255
61$615,986$430,631$385,034$550,612
62$647,170$420,085$366,286$559,107
63$680,538$408,025$345,913$567,769
64$716,281$394,346$323,829$576,629
65$754,609$378,937$299,944$585,726
66$795,752$361,678$274,166$595,103
67$839,963$342,445$246,395$604,811
68$887,520$321,105$216,530$614,909
69$938,727$297,519$184,463$625,464
70$993,919$271,539$150,084$636,556
71$1,053,462$243,008$113,276$648,271
72$1,117,761$211,761$73,916$660,713
73$1,187,259$177,624$31,879$673,996
74$1,262,444$140,412$0$688,253
75$1,343,851$99,930$0$704,464
76$1,432,070$55,972$0$724,198
77$1,527,748$8,322$0$745,612
78$1,631,598$0$0$768,932
79$1,744,403$0$0$818,207
80$1,867,026$0$0$876,794
81$2,000,414$0$0$940,574
82$2,145,610$0$0$1,010,051
83$2,303,763$0$0$1,085,781
84$2,476,136$0$0$1,168,376
85$2,664,118$0$0$1,258,509
86$2,869,240$0$0$1,356,921
87$3,093,185$0$0$1,464,426
88$3,337,809$0$0$1,581,925
89$3,605,152$0$0$1,710,404
90$3,897,460$0$0$1,850,952
91$4,217,209$0$0$2,004,768
92$4,567,121$0$0$2,173,171
93$4,950,196$0$0$2,357,614
94$5,369,738$0$0$2,559,699
95$5,829,384$0$0$2,781,187
96$6,333,140$0$0$3,024,019
97$6,885,417$0$0$3,290,333
98$7,491,075$0$0$3,582,484
99$8,155,465$0$0$3,903,065
100$8,884,483$0$0$4,254,933