Can I retire at age 56 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$39,555$39,203$38,859$38,524$38,196$37,656
2 years$19,582$19,217$18,864$18,521$18,189$17,646
3 years$12,925$12,559$12,206$11,867$11,540$11,011
4 years$9,597$9,232$8,883$8,549$8,230$7,719
5 years$7,601$7,238$6,893$6,567$6,256$5,765
6 years$6,271$5,910$5,571$5,251$4,951$4,479
7 years$5,321$4,963$4,630$4,317$4,026$3,575
8 years$4,609$4,255$3,926$3,622$3,340$2,909
9 years$4,055$3,704$3,382$3,085$2,813$2,402
10 years$3,612$3,265$2,948$2,659$2,397$2,005
11 years$3,251$2,907$2,596$2,314$2,061$1,689
12 years$2,949$2,609$2,303$2,030$1,786$1,433
13 years$2,694$2,358$2,058$1,792$1,558$1,222
14 years$2,476$2,143$1,849$1,591$1,365$1,048
15 years$2,287$1,958$1,670$1,419$1,202$902
16 years$2,122$1,796$1,514$1,270$1,062$779
17 years$1,977$1,654$1,377$1,141$942$675
18 years$1,847$1,529$1,257$1,029$838$586
19 years$1,732$1,417$1,151$929$747$509
20 years$1,628$1,317$1,056$842$667$444
21 years$1,534$1,226$972$764$597$387
22 years$1,449$1,145$896$695$535$339
23 years$1,371$1,071$827$633$480$296
24 years$1,300$1,003$765$577$432$259
25 years$1,235$941$708$527$388$227
26 years$1,175$885$657$482$350$199
27 years$1,119$833$610$441$315$175
28 years$1,068$785$567$404$285$154
29 years$1,020$740$528$371$257$135
30 years$975$699$492$340$232$119
31 years$933$661$458$312$210$104
32 years$894$625$428$287$190$92
33 years$858$592$399$264$172$81
34 years$823$561$373$243$156$71
35 years$791$532$349$224$141$63
36 years$761$505$326$206$128$55
37 years$732$480$305$190$116$49
38 years$705$456$286$175$105$43
39 years$679$434$268$161$95$38
40 years$655$413$251$149$86$33
41 years$632$393$235$137$78$29
42 years$610$374$221$127$71$26
43 years$589$356$207$117$64$23
44 years$569$340$195$108$59$20
45 years$550$324$183$100$53$18
46 years$532$309$172$92$48$16
47 years$515$295$161$85$44$14
48 years$498$282$151$79$40$12
49 years$483$269$142$73$36$11
50 years$468$257$134$67$33$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $479,000, adding $2,688 every year, while hoping to spend $23,857 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: 61/9/30 Blend
55$479,000$479,000$479,000$479,000
56$530,631$505,244$497,819$558,537
57$559,371$504,617$489,112$577,257
58$590,244$503,160$479,314$594,896
59$623,441$500,807$468,363$613,658
60$659,173$497,488$456,195$633,657
61$697,672$493,128$442,741$655,021
62$739,193$487,650$427,931$677,893
63$784,016$480,969$411,692$702,429
64$832,447$472,999$393,945$728,805
65$884,825$463,644$374,611$757,212
66$941,521$452,806$353,603$787,866
67$1,002,942$440,380$330,836$821,004
68$1,069,538$426,254$306,215$856,887
69$1,141,803$410,312$279,644$895,808
70$1,220,278$392,429$251,024$938,087
71$1,305,561$372,472$220,248$984,082
72$1,398,308$350,304$187,206$1,034,186
73$1,499,243$325,776$151,785$1,088,835
74$1,609,159$298,733$113,863$1,148,514
75$1,728,933$269,010$73,317$1,213,754
76$1,859,526$236,433$30,015$1,285,147
77$2,001,998$200,818$0$1,363,345
78$2,157,515$161,972$0$1,454,254
79$2,327,361$119,689$0$1,564,079
80$2,512,950$73,751$0$1,684,129
81$2,715,837$23,931$0$1,815,430
82$2,937,736$0$0$1,959,109
83$3,180,532$0$0$2,119,382
84$3,446,302$0$0$2,297,451
85$3,737,333$0$0$2,492,482
86$4,056,145$0$0$2,706,169
87$4,405,509$0$0$2,940,375
88$4,788,481$0$0$3,197,152
89$5,208,425$0$0$3,478,761
90$5,669,047$0$0$3,787,693
91$6,174,426$0$0$4,126,690
92$6,729,059$0$0$4,498,773
93$7,337,898$0$0$4,907,270
94$8,006,395$0$0$5,355,847
95$8,740,561$0$0$5,848,542
96$9,547,013$0$0$6,389,804
97$10,433,042$0$0$6,984,532
98$11,406,683$0$0$7,638,126
99$12,476,782$0$0$8,356,534
100$13,653,091$0$0$9,146,308