Can I retire at age 56 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$44,180$43,786$43,402$43,028$42,662$41,066
2 years$21,871$21,464$21,069$20,686$20,315$18,726
3 years$14,436$14,027$13,633$13,254$12,889$11,356
4 years$10,719$10,311$9,921$9,549$9,192$7,728
5 years$8,490$8,084$7,699$7,334$6,988$5,595
6 years$7,004$6,601$6,222$5,865$5,529$4,209
7 years$5,943$5,544$5,171$4,822$4,497$3,249
8 years$5,147$4,752$4,385$4,045$3,731$2,554
9 years$4,529$4,137$3,777$3,446$3,142$2,035
10 years$4,035$3,647$3,293$2,970$2,677$1,638
11 years$3,631$3,247$2,899$2,585$2,302$1,328
12 years$3,294$2,914$2,573$2,267$1,995$1,084
13 years$3,009$2,633$2,299$2,002$1,740$889
14 years$2,766$2,394$2,065$1,777$1,525$732
15 years$2,555$2,187$1,865$1,585$1,343$604
16 years$2,370$2,006$1,691$1,419$1,187$500
17 years$2,208$1,848$1,538$1,275$1,052$415
18 years$2,063$1,707$1,404$1,149$936$345
19 years$1,934$1,582$1,286$1,038$834$287
20 years$1,818$1,470$1,180$940$745$239
21 years$1,714$1,370$1,085$853$667$200
22 years$1,618$1,279$1,000$776$597$167
23 years$1,532$1,196$924$707$536$139
24 years$1,452$1,120$854$644$482$116
25 years$1,379$1,051$791$589$434$97
26 years$1,312$988$734$538$391$81
27 years$1,250$930$681$493$352$68
28 years$1,192$876$633$451$318$57
29 years$1,139$827$589$414$287$48
30 years$1,089$781$549$380$259$40
31 years$1,042$738$512$349$234$33
32 years$999$698$478$321$212$28
33 years$958$661$446$295$192$24
34 years$920$627$417$271$174$20
35 years$884$595$389$250$157$17
36 years$850$564$364$230$143$14
37 years$818$536$341$212$129$12
38 years$787$509$319$195$117$10
39 years$759$484$299$180$106$8
40 years$731$461$280$166$96$7
41 years$706$439$263$153$87$6
42 years$681$418$247$141$79$5
43 years$658$398$231$131$72$4
44 years$636$379$217$121$65$3
45 years$615$362$204$111$59$3
46 years$594$345$192$103$54$2
47 years$575$329$180$95$49$2
48 years$557$314$169$88$44$2
49 years$539$300$159$81$40$1
50 years$522$287$149$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $535,000, adding $4,522 every year, while hoping to spend $35,403 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: 62/9/29 Blend
55$535,000$535,000$535,000$535,000
56$594,234$565,879$557,587$626,186
57$617,178$555,939$538,598$638,507
58$641,275$544,325$517,786$647,728
59$666,606$530,918$495,052$657,051
60$693,258$515,591$470,295$666,492
61$721,327$498,212$443,406$676,070
62$750,915$478,637$414,273$685,810
63$782,136$456,717$382,779$695,740
64$815,112$432,295$348,800$705,891
65$849,977$405,201$312,209$716,302
66$886,878$375,259$272,871$727,015
67$925,974$342,281$230,647$738,079
68$967,440$306,070$185,390$749,553
69$1,011,466$266,415$136,948$761,500
70$1,058,262$223,095$85,162$773,995
71$1,108,055$175,877$29,865$787,122
72$1,161,095$124,514$0$800,976
73$1,217,656$68,744$0$824,684
74$1,278,037$8,292$0$859,799
75$1,342,567$0$0$897,264
76$1,411,605$0$0$942,956
77$1,485,546$0$0$992,798
78$1,564,822$0$0$1,046,264
79$1,649,909$0$0$1,103,678
80$1,741,328$0$0$1,165,395
81$1,839,649$0$0$1,231,805
82$1,945,502$0$0$1,303,336
83$2,059,575$0$0$1,380,459
84$2,182,626$0$0$1,463,691
85$2,315,486$0$0$1,553,598
86$2,459,071$0$0$1,650,805
87$2,614,385$0$0$1,755,998
88$2,782,532$0$0$1,869,930
89$2,964,727$0$0$1,993,430
90$3,162,304$0$0$2,127,409
91$3,376,733$0$0$2,272,869
92$3,609,627$0$0$2,430,913
93$3,862,763$0$0$2,602,752
94$4,138,095$0$0$2,789,722
95$4,437,773$0$0$2,993,290
96$4,764,162$0$0$3,215,071
97$5,119,866$0$0$3,456,842
98$5,507,749$0$0$3,720,559
99$5,930,964$0$0$4,008,376
100$6,392,981$0$0$4,322,663