Can I retire at age 56 with 529,000?

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 $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%12.5%
1 years$43,684$43,295$42,916$42,545$42,183$41,743
2 years$21,626$21,223$20,833$20,454$20,087$19,644
3 years$14,274$13,870$13,480$13,105$12,744$12,311
4 years$10,599$10,196$9,810$9,442$9,089$8,670
5 years$8,394$7,993$7,613$7,252$6,910$6,506
6 years$6,925$6,527$6,152$5,800$5,467$5,079
7 years$5,876$5,482$5,113$4,768$4,446$4,074
8 years$5,090$4,699$4,336$4,000$3,689$3,332
9 years$4,478$4,091$3,735$3,407$3,106$2,766
10 years$3,990$3,606$3,256$2,937$2,647$2,322
11 years$3,590$3,210$2,866$2,556$2,276$1,967
12 years$3,257$2,881$2,544$2,242$1,973$1,678
13 years$2,976$2,604$2,273$1,979$1,720$1,440
14 years$2,735$2,367$2,042$1,757$1,508$1,242
15 years$2,526$2,162$1,844$1,567$1,328$1,075
16 years$2,344$1,984$1,672$1,403$1,173$935
17 years$2,183$1,827$1,521$1,261$1,040$815
18 years$2,040$1,688$1,389$1,136$925$712
19 years$1,913$1,565$1,271$1,027$825$623
20 years$1,798$1,454$1,167$930$737$547
21 years$1,694$1,354$1,073$844$659$480
22 years$1,600$1,264$989$767$591$423
23 years$1,514$1,182$913$699$530$372
24 years$1,436$1,108$845$637$477$328
25 years$1,364$1,040$782$582$429$290
26 years$1,297$977$725$532$386$256
27 years$1,236$920$674$487$348$226
28 years$1,179$866$626$446$314$200
29 years$1,126$817$583$409$284$177
30 years$1,077$772$543$376$256$157
31 years$1,031$730$506$345$232$139
32 years$988$690$472$317$210$123
33 years$947$654$441$292$190$109
34 years$909$620$412$268$172$97
35 years$874$588$385$247$156$86
36 years$840$558$360$227$141$76
37 years$808$530$337$210$128$68
38 years$778$504$316$193$116$60
39 years$750$479$296$178$105$53
40 years$723$456$277$164$95$47
41 years$698$434$260$152$86$42
42 years$673$413$244$140$78$37
43 years$650$394$229$129$71$33
44 years$629$375$215$119$65$29
45 years$608$358$202$110$59$26
46 years$588$341$189$102$53$23
47 years$569$326$178$94$48$21
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 $2,994 every year, while hoping to spend $39,104 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: 41/30/29 Blend
55$529,000$529,000$529,000$529,000
56$586,046$558,009$549,810$604,975
57$604,217$543,745$526,622$604,706
58$622,930$527,472$501,347$600,551
59$642,200$509,049$473,873$595,316
60$662,041$488,329$444,085$588,924
61$682,467$465,156$411,860$581,297
62$703,494$439,363$377,072$572,352
63$725,134$410,776$339,588$562,000
64$747,403$379,210$299,270$550,149
65$770,316$344,468$255,972$536,699
66$793,885$306,344$209,545$521,547
67$818,126$264,620$159,829$504,583
68$843,053$219,064$106,661$485,692
69$868,679$169,433$49,869$464,752
70$895,017$115,468$0$441,633
71$922,080$56,897$0$419,523
72$949,880$0$0$411,640
73$978,429$0$0$404,612
74$1,007,737$0$0$416,674
75$1,037,815$0$0$429,046
76$1,068,669$0$0$441,731
77$1,100,309$0$0$454,732
78$1,132,738$0$0$468,048
79$1,165,962$0$0$481,681
80$1,199,981$0$0$495,630
81$1,234,796$0$0$509,894
82$1,270,403$0$0$524,470
83$1,306,796$0$0$539,353
84$1,343,966$0$0$554,538
85$1,381,899$0$0$570,017
86$1,420,578$0$0$585,781
87$1,459,981$0$0$601,818
88$1,500,080$0$0$618,114
89$1,540,841$0$0$634,651
90$1,582,224$0$0$651,411
91$1,624,181$0$0$668,368
92$1,666,655$0$0$685,497
93$1,709,582$0$0$702,764
94$1,752,884$0$0$720,135
95$1,796,473$0$0$737,566
96$1,840,250$0$0$755,011
97$1,884,100$0$0$772,415
98$1,927,890$0$0$789,716
99$1,971,473$0$0$806,845
100$2,014,680$0$0$823,724