Can I retire at age 56 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$43,767$43,377$42,997$42,625$42,263$41,683
2 years$21,667$21,263$20,872$20,493$20,125$19,542
3 years$14,301$13,896$13,506$13,130$12,768$12,200
4 years$10,619$10,215$9,829$9,459$9,106$8,557
5 years$8,410$8,009$7,627$7,266$6,923$6,394
6 years$6,938$6,540$6,164$5,811$5,478$4,971
7 years$5,887$5,492$5,122$4,777$4,455$3,969
8 years$5,099$4,708$4,344$4,007$3,696$3,232
9 years$4,487$4,099$3,742$3,413$3,112$2,670
10 years$3,997$3,613$3,262$2,942$2,652$2,230
11 years$3,597$3,216$2,872$2,561$2,281$1,880
12 years$3,263$2,887$2,549$2,246$1,976$1,596
13 years$2,981$2,609$2,277$1,983$1,723$1,362
14 years$2,740$2,371$2,046$1,760$1,511$1,169
15 years$2,531$2,166$1,847$1,570$1,330$1,007
16 years$2,348$1,988$1,675$1,406$1,176$870
17 years$2,187$1,830$1,524$1,263$1,042$754
18 years$2,044$1,691$1,391$1,138$927$655
19 years$1,916$1,568$1,274$1,028$826$570
20 years$1,801$1,457$1,169$931$738$497
21 years$1,697$1,357$1,075$845$660$434
22 years$1,603$1,267$991$769$592$380
23 years$1,517$1,185$915$700$531$333
24 years$1,439$1,110$846$638$478$291
25 years$1,366$1,042$784$583$430$256
26 years$1,300$979$727$533$387$224
27 years$1,238$921$675$488$349$197
28 years$1,181$868$627$447$315$173
29 years$1,128$819$584$410$284$152
30 years$1,079$773$544$376$257$134
31 years$1,033$731$507$346$232$118
32 years$990$692$473$318$210$104
33 years$949$655$442$292$190$91
34 years$911$621$413$269$172$81
35 years$875$589$386$247$156$71
36 years$842$559$361$228$141$63
37 years$810$531$338$210$128$55
38 years$780$505$316$193$116$49
39 years$752$480$296$178$105$43
40 years$725$456$278$165$95$38
41 years$699$435$261$152$87$33
42 years$675$414$244$140$79$29
43 years$652$394$229$129$71$26
44 years$630$376$215$119$65$23
45 years$609$358$202$110$59$20
46 years$589$342$190$102$53$18
47 years$570$326$178$94$48$16
48 years$552$311$168$87$44$14
49 years$534$297$158$80$40$12
50 years$517$284$148$74$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $530,000, adding $5,856 every year, while hoping to spend $41,150 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: 44/28/28 Blend
55$530,000$530,000$530,000$530,000
56$590,100$562,010$553,795$611,048
57$606,507$545,766$528,564$610,318
58$623,209$527,346$501,109$605,154
59$640,191$506,601$471,311$598,769
60$657,438$483,372$439,047$591,073
61$674,930$457,491$404,189$581,968
62$692,646$428,780$366,602$571,354
63$710,558$397,052$326,145$559,122
64$728,635$362,109$282,672$545,157
65$746,843$323,739$236,028$529,335
66$765,141$281,722$186,055$511,524
67$783,482$235,823$132,584$491,586
68$801,813$185,794$75,442$469,372
69$820,073$131,374$14,445$444,723
70$838,196$72,286$0$417,469
71$856,102$8,238$0$402,562
72$873,706$0$0$390,268
73$890,910$0$0$394,940
74$907,603$0$0$401,867
75$923,662$0$0$408,450
76$938,949$0$0$414,621
77$953,309$0$0$420,303
78$966,569$0$0$425,412
79$978,537$0$0$429,852
80$988,996$0$0$433,518
81$997,708$0$0$436,292
82$1,004,405$0$0$438,044
83$1,008,791$0$0$438,628
84$1,010,535$0$0$437,882
85$1,009,270$0$0$435,628
86$1,004,590$0$0$431,666
87$996,042$0$0$425,775
88$983,126$0$0$417,710
89$965,285$0$0$407,201
90$941,903$0$0$393,947
91$912,298$0$0$377,615
92$875,715$0$0$357,838
93$831,316$0$0$334,206
94$778,177$0$0$306,270
95$715,273$0$0$273,531
96$641,470$0$0$235,437
97$555,517$0$0$191,379
98$456,028$0$0$140,682
99$341,472$0$0$82,602
100$210,158$0$0$16,317