Can I retire at age 56 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$37,904$37,566$37,237$36,915$36,601$35,359
2 years$18,764$18,415$18,076$17,748$17,429$16,190
3 years$12,385$12,034$11,696$11,371$11,058$9,861
4 years$9,196$8,846$8,512$8,192$7,887$6,741
5 years$7,284$6,936$6,606$6,292$5,995$4,904
6 years$6,009$5,664$5,338$5,032$4,744$3,707
7 years$5,099$4,756$4,436$4,137$3,858$2,876
8 years$4,416$4,077$3,762$3,471$3,201$2,273
9 years$3,886$3,550$3,240$2,956$2,695$1,821
10 years$3,462$3,129$2,825$2,548$2,297$1,474
11 years$3,115$2,785$2,487$2,218$1,975$1,203
12 years$2,826$2,500$2,207$1,945$1,712$987
13 years$2,582$2,259$1,972$1,717$1,493$815
14 years$2,373$2,054$1,772$1,524$1,308$675
15 years$2,192$1,876$1,600$1,360$1,152$561
16 years$2,034$1,721$1,450$1,217$1,018$468
17 years$1,894$1,585$1,320$1,094$903$391
18 years$1,770$1,465$1,205$986$803$327
19 years$1,659$1,358$1,103$891$715$274
20 years$1,560$1,262$1,012$807$639$230
21 years$1,470$1,175$931$732$572$193
22 years$1,388$1,097$858$666$513$162
23 years$1,314$1,026$792$606$460$137
24 years$1,246$961$733$553$414$115
25 years$1,183$902$679$505$372$97
26 years$1,126$848$629$462$335$82
27 years$1,072$798$585$423$302$69
28 years$1,023$752$543$387$273$58
29 years$977$709$506$355$246$49
30 years$934$670$471$326$223$41
31 years$894$633$439$299$201$35
32 years$857$599$410$275$182$29
33 years$822$567$383$253$165$25
34 years$789$538$357$233$149$21
35 years$758$510$334$214$135$18
36 years$729$484$313$197$122$15
37 years$701$460$293$182$111$13
38 years$675$437$274$168$101$11
39 years$651$416$257$154$91$9
40 years$628$395$241$142$83$8
41 years$605$376$226$131$75$6
42 years$584$358$212$121$68$5
43 years$564$341$199$112$62$5
44 years$545$325$186$103$56$4
45 years$527$310$175$96$51$3
46 years$510$296$164$88$46$3
47 years$493$283$154$82$42$2
48 years$478$270$145$75$38$2
49 years$463$258$136$70$35$2
50 years$448$246$128$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $459,000, adding $5,949 every year, while hoping to spend $31,067 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: 50/21/29 Blend
55$459,000$459,000$459,000$459,000
56$511,954$487,627$480,513$533,088
57$531,119$478,466$463,555$539,329
58$551,197$467,815$444,988$542,555
59$572,248$455,567$424,725$545,459
60$594,339$441,612$402,675$548,027
61$617,541$425,830$378,743$550,243
62$641,931$408,096$352,832$552,093
63$667,592$388,277$324,836$553,562
64$694,616$366,233$294,648$554,638
65$723,104$341,815$262,155$555,308
66$753,163$314,866$227,240$555,564
67$784,911$285,220$189,778$555,397
68$818,477$252,701$149,641$554,800
69$854,003$217,125$106,695$553,770
70$891,642$178,294$60,800$552,306
71$931,562$136,003$11,809$550,413
72$973,946$90,032$0$548,097
73$1,018,995$40,150$0$557,894
74$1,066,929$0$0$572,010
75$1,117,988$0$0$590,074
76$1,172,436$0$0$619,257
77$1,230,560$0$0$650,441
78$1,292,677$0$0$683,798
79$1,359,132$0$0$719,518
80$1,430,306$0$0$757,810
81$1,506,615$0$0$798,903
82$1,588,516$0$0$843,046
83$1,676,509$0$0$890,515
84$1,771,146$0$0$941,613
85$1,873,030$0$0$996,671
86$1,982,825$0$0$1,056,053
87$2,101,259$0$0$1,120,162
88$2,229,134$0$0$1,189,435
89$2,367,329$0$0$1,264,358
90$2,516,810$0$0$1,345,461
91$2,678,641$0$0$1,433,328
92$2,853,990$0$0$1,528,604
93$3,044,141$0$0$1,631,993
94$3,250,508$0$0$1,744,273
95$3,474,644$0$0$1,866,299
96$3,718,258$0$0$1,999,011
97$3,983,231$0$0$2,143,444
98$4,271,631$0$0$2,300,736
99$4,585,734$0$0$2,472,139
100$4,928,045$0$0$2,659,033