Can I retire at age 56 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$43,684$43,295$42,916$42,545$42,183$41,725
2 years$21,626$21,223$20,833$20,454$20,087$19,626
3 years$14,274$13,870$13,480$13,105$12,744$12,294
4 years$10,599$10,196$9,810$9,442$9,089$8,654
5 years$8,394$7,993$7,613$7,252$6,910$6,490
6 years$6,925$6,527$6,152$5,800$5,467$5,064
7 years$5,876$5,482$5,113$4,768$4,446$4,060
8 years$5,090$4,699$4,336$4,000$3,689$3,319
9 years$4,478$4,091$3,735$3,407$3,106$2,753
10 years$3,990$3,606$3,256$2,937$2,647$2,310
11 years$3,590$3,210$2,866$2,556$2,276$1,955
12 years$3,257$2,881$2,544$2,242$1,973$1,667
13 years$2,976$2,604$2,273$1,979$1,720$1,430
14 years$2,735$2,367$2,042$1,757$1,508$1,232
15 years$2,526$2,162$1,844$1,567$1,328$1,066
16 years$2,344$1,984$1,672$1,403$1,173$926
17 years$2,183$1,827$1,521$1,261$1,040$806
18 years$2,040$1,688$1,389$1,136$925$704
19 years$1,913$1,565$1,271$1,027$825$616
20 years$1,798$1,454$1,167$930$737$540
21 years$1,694$1,354$1,073$844$659$474
22 years$1,600$1,264$989$767$591$417
23 years$1,514$1,182$913$699$530$367
24 years$1,436$1,108$845$637$477$323
25 years$1,364$1,040$782$582$429$285
26 years$1,297$977$725$532$386$252
27 years$1,236$920$674$487$348$222
28 years$1,179$866$626$446$314$197
29 years$1,126$817$583$409$284$174
30 years$1,077$772$543$376$256$154
31 years$1,031$730$506$345$232$136
32 years$988$690$472$317$210$121
33 years$947$654$441$292$190$107
34 years$909$620$412$268$172$95
35 years$874$588$385$247$156$84
36 years$840$558$360$227$141$74
37 years$808$530$337$210$128$66
38 years$778$504$316$193$116$58
39 years$750$479$296$178$105$52
40 years$723$456$277$164$95$46
41 years$698$434$260$152$86$41
42 years$673$413$244$140$78$36
43 years$650$394$229$129$71$32
44 years$629$375$215$119$65$29
45 years$608$358$202$110$59$25
46 years$588$341$189$102$53$22
47 years$569$326$178$94$48$20
48 years$551$311$167$87$44$18
49 years$533$297$157$80$40$16
50 years$516$284$148$74$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $529,000, adding $4,886 every year, while hoping to spend $34,731 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: 32/47/21 Blend
55$529,000$529,000$529,000$529,000
56$587,998$559,961$551,761$602,865
57$611,020$550,445$533,292$604,916
58$635,227$539,300$513,040$603,635
59$660,702$526,407$490,908$601,534
60$687,536$511,644$466,797$598,563
61$715,831$494,881$440,600$594,670
62$745,693$475,978$412,208$589,802
63$777,243$454,789$381,506$583,903
64$810,608$431,160$348,373$576,916
65$845,930$404,927$312,683$568,783
66$883,363$375,917$274,307$559,445
67$923,076$343,947$233,106$548,841
68$965,252$308,822$188,937$536,910
69$1,010,093$270,340$141,651$523,590
70$1,057,818$228,282$91,093$508,817
71$1,108,670$182,422$37,098$492,530
72$1,162,911$132,518$0$474,665
73$1,220,832$78,315$0$459,758
74$1,282,748$19,544$0$452,322
75$1,349,008$0$0$444,015
76$1,419,992$0$0$457,622
77$1,496,118$0$0$483,109
78$1,577,844$0$0$510,528
79$1,665,674$0$0$540,055
80$1,760,159$0$0$571,883
81$1,861,907$0$0$606,225
82$1,971,582$0$0$643,315
83$2,089,917$0$0$683,408
84$2,217,714$0$0$726,787
85$2,355,858$0$0$773,761
86$2,505,318$0$0$824,671
87$2,667,162$0$0$879,891
88$2,842,563$0$0$939,834
89$3,032,810$0$0$1,004,952
90$3,239,321$0$0$1,075,743
91$3,463,658$0$0$1,152,756
92$3,707,536$0$0$1,236,594
93$3,972,842$0$0$1,327,921
94$4,261,655$0$0$1,427,466
95$4,576,259$0$0$1,536,034
96$4,919,171$0$0$1,654,510
97$5,293,157$0$0$1,783,867
98$5,701,266$0$0$1,925,176
99$6,146,850$0$0$2,079,620
100$6,633,601$0$0$2,248,495