Can I retire at age 56 with 404,000?

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 $404,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$33,362$33,065$32,775$32,492$32,216$31,565
2 years$16,516$16,208$15,910$15,621$15,341$14,688
3 years$10,901$10,592$10,295$10,009$9,733$9,099
4 years$8,094$7,786$7,492$7,211$6,942$6,331
5 years$6,411$6,105$5,814$5,538$5,277$4,691
6 years$5,289$4,985$4,699$4,429$4,175$3,615
7 years$4,488$4,186$3,905$3,641$3,396$2,861
8 years$3,887$3,588$3,311$3,055$2,817$2,308
9 years$3,420$3,124$2,852$2,602$2,372$1,888
10 years$3,047$2,754$2,487$2,243$2,021$1,562
11 years$2,742$2,452$2,189$1,952$1,738$1,304
12 years$2,487$2,201$1,943$1,712$1,507$1,095
13 years$2,273$1,989$1,736$1,512$1,314$925
14 years$2,089$1,808$1,560$1,342$1,152$785
15 years$1,929$1,651$1,408$1,197$1,014$669
16 years$1,790$1,515$1,277$1,071$896$572
17 years$1,667$1,395$1,162$963$795$490
18 years$1,558$1,289$1,060$868$706$421
19 years$1,461$1,195$971$784$630$362
20 years$1,373$1,110$891$710$562$312
21 years$1,294$1,034$820$644$503$269
22 years$1,222$965$755$586$451$232
23 years$1,157$903$697$534$405$201
24 years$1,097$846$645$487$364$174
25 years$1,042$794$597$444$328$151
26 years$991$746$554$406$295$131
27 years$944$702$514$372$266$113
28 years$900$662$478$341$240$98
29 years$860$624$445$313$217$85
30 years$822$590$415$287$196$74
31 years$787$557$386$263$177$64
32 years$754$527$361$242$160$56
33 years$724$499$337$223$145$49
34 years$695$473$315$205$131$42
35 years$667$449$294$189$119$37
36 years$642$426$275$174$108$32
37 years$617$405$258$160$98$28
38 years$595$385$241$147$88$24
39 years$573$366$226$136$80$21
40 years$552$348$212$125$73$18
41 years$533$331$199$116$66$16
42 years$514$315$186$107$60$14
43 years$497$301$175$99$54$12
44 years$480$286$164$91$49$10
45 years$464$273$154$84$45$9
46 years$449$261$145$78$41$8
47 years$434$249$136$72$37$7
48 years$420$237$128$66$34$6
49 years$407$227$120$61$30$5
50 years$394$217$113$57$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $404,000, adding $2,693 every year, while hoping to spend $25,851 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: 71/23/6 Blend
55$404,000$404,000$404,000$404,000
56$447,986$426,574$420,312$479,258
57$466,175$419,971$406,887$493,659
58$485,353$412,178$392,146$505,945
59$505,594$403,109$376,018$518,670
60$526,977$392,674$358,427$531,871
61$549,591$380,777$339,296$545,589
62$573,530$367,316$318,543$559,869
63$598,899$352,184$296,084$574,762
64$625,813$335,266$271,828$590,323
65$654,395$316,443$245,684$606,616
66$684,782$295,588$217,553$623,710
67$717,123$272,565$187,334$641,684
68$751,581$247,233$154,922$660,624
69$788,336$219,440$120,205$680,628
70$827,582$189,029$83,068$701,803
71$869,535$155,831$43,390$724,269
72$914,430$119,669$1,046$748,159
73$962,524$80,355$0$773,623
74$1,014,101$37,692$0$803,651
75$1,069,470$0$0$835,856
76$1,128,974$0$0$872,543
77$1,192,984$0$0$922,287
78$1,261,913$0$0$975,867
79$1,336,210$0$0$1,033,638
80$1,416,372$0$0$1,095,985
81$1,502,942$0$0$1,163,334
82$1,596,519$0$0$1,236,154
83$1,697,759$0$0$1,314,956
84$1,807,385$0$0$1,400,308
85$1,926,191$0$0$1,492,828
86$2,055,050$0$0$1,593,201
87$2,194,923$0$0$1,702,178
88$2,346,867$0$0$1,820,583
89$2,512,043$0$0$1,949,327
90$2,691,729$0$0$2,089,409
91$2,887,332$0$0$2,241,928
92$3,100,400$0$0$2,408,095
93$3,332,635$0$0$2,589,242
94$3,585,912$0$0$2,786,836
95$3,862,294$0$0$3,002,488
96$4,164,051$0$0$3,237,977
97$4,493,683$0$0$3,495,255
98$4,853,942$0$0$3,776,478
99$5,247,858$0$0$4,084,012
100$5,678,765$0$0$4,420,469