Can I retire at age 56 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$44,510$44,114$43,727$43,349$42,981$42,549
2 years$22,035$21,624$21,227$20,841$20,467$20,033
3 years$14,544$14,132$13,735$13,353$12,985$12,561
4 years$10,799$10,388$9,996$9,620$9,261$8,851
5 years$8,553$8,145$7,757$7,389$7,040$6,645
6 years$7,056$6,651$6,269$5,909$5,571$5,190
7 years$5,987$5,585$5,209$4,858$4,530$4,166
8 years$5,186$4,788$4,418$4,075$3,758$3,409
9 years$4,563$4,168$3,805$3,471$3,165$2,831
10 years$4,065$3,674$3,317$2,992$2,697$2,378
11 years$3,658$3,271$2,921$2,604$2,319$2,016
12 years$3,319$2,936$2,592$2,284$2,010$1,721
13 years$3,032$2,653$2,316$2,017$1,753$1,478
14 years$2,786$2,412$2,081$1,790$1,536$1,275
15 years$2,574$2,203$1,879$1,597$1,353$1,105
16 years$2,388$2,021$1,703$1,430$1,196$961
17 years$2,224$1,862$1,550$1,284$1,060$838
18 years$2,079$1,720$1,415$1,158$943$733
19 years$1,949$1,594$1,295$1,046$840$642
20 years$1,832$1,481$1,189$947$750$564
21 years$1,726$1,380$1,093$860$672$496
22 years$1,630$1,288$1,008$782$602$436
23 years$1,543$1,205$930$712$540$385
24 years$1,463$1,129$861$649$486$340
25 years$1,390$1,059$797$593$437$300
26 years$1,322$996$739$542$394$265
27 years$1,259$937$686$496$355$235
28 years$1,201$883$638$455$320$208
29 years$1,147$833$594$417$289$184
30 years$1,097$787$553$383$261$163
31 years$1,050$744$516$351$236$145
32 years$1,006$704$481$323$214$128
33 years$965$666$449$297$193$114
34 years$927$631$420$273$175$101
35 years$890$599$392$252$159$90
36 years$856$568$367$232$144$80
37 years$824$540$344$213$130$71
38 years$793$513$322$197$118$63
39 years$764$488$301$181$107$56
40 years$737$464$283$167$97$50
41 years$711$442$265$154$88$44
42 years$686$421$249$142$80$39
43 years$663$401$233$132$73$35
44 years$640$382$219$121$66$31
45 years$619$364$206$112$60$28
46 years$599$348$193$104$54$24
47 years$579$332$181$96$49$22
48 years$561$317$170$88$45$19
49 years$543$302$160$82$41$17
50 years$526$289$151$76$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $539,000, adding $6,809 every year, while hoping to spend $27,611 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: 71/12/17 Blend
55$539,000$539,000$539,000$539,000
56$601,001$572,434$564,080$640,810
57$632,926$571,106$553,599$666,837
58$667,181$568,787$541,841$691,359
59$703,975$565,399$528,735$717,499
60$743,539$560,862$514,205$745,412
61$786,121$555,086$498,173$775,271
62$832,000$547,979$480,556$807,266
63$881,478$539,444$461,268$841,606
64$934,887$529,375$440,220$878,523
65$992,595$517,664$417,316$918,273
66$1,055,003$504,193$392,459$961,138
67$1,122,553$488,838$365,547$1,007,432
68$1,195,731$471,469$336,470$1,057,500
69$1,275,072$451,947$305,118$1,111,721
70$1,361,163$430,126$271,373$1,170,517
71$1,454,650$405,851$235,113$1,234,354
72$1,556,245$378,958$196,209$1,303,743
73$1,666,728$349,274$154,529$1,379,251
74$1,786,961$316,615$109,932$1,461,505
75$1,917,890$280,787$62,274$1,551,195
76$2,060,556$241,587$11,401$1,649,083
77$2,216,106$198,798$0$1,756,012
78$2,385,802$152,192$0$1,880,690
79$2,571,031$101,527$0$2,019,076
80$2,773,323$46,549$0$2,170,265
81$2,994,360$0$0$2,335,538
82$3,235,995$0$0$2,518,028
83$3,500,267$0$0$2,724,362
84$3,789,423$0$0$2,950,152
85$4,105,934$0$0$3,197,332
86$4,452,524$0$0$3,468,031
87$4,832,191$0$0$3,764,596
88$5,248,239$0$0$4,089,609
89$5,704,302$0$0$4,445,915
90$6,204,388$0$0$4,836,649
91$6,752,907$0$0$5,265,261
92$7,354,718$0$0$5,735,553
93$8,015,175$0$0$6,251,711
94$8,740,171$0$0$6,818,348
95$9,536,202$0$0$7,440,544
96$10,410,421$0$0$8,123,896
97$11,370,708$0$0$8,874,569
98$12,425,745$0$0$9,699,354
99$13,585,095$0$0$10,605,735
100$14,859,295$0$0$11,601,954