Can I retire at age 56 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$35,179$34,865$34,560$34,261$33,970$33,149
2 years$17,415$17,091$16,777$16,472$16,176$15,354
3 years$11,495$11,169$10,856$10,554$10,263$9,465
4 years$8,535$8,210$7,900$7,603$7,320$6,552
5 years$6,760$6,437$6,131$5,840$5,564$4,830
6 years$5,577$5,256$4,955$4,670$4,403$3,702
7 years$4,732$4,414$4,117$3,840$3,581$2,913
8 years$4,099$3,784$3,492$3,221$2,970$2,336
9 years$3,606$3,295$3,007$2,744$2,502$1,900
10 years$3,213$2,904$2,622$2,365$2,131$1,562
11 years$2,891$2,585$2,308$2,058$1,833$1,295
12 years$2,623$2,320$2,049$1,805$1,589$1,081
13 years$2,396$2,097$1,830$1,594$1,385$907
14 years$2,202$1,906$1,645$1,415$1,214$765
15 years$2,034$1,741$1,485$1,262$1,069$647
16 years$1,887$1,598$1,346$1,130$945$549
17 years$1,758$1,471$1,225$1,015$838$467
18 years$1,643$1,360$1,118$915$745$398
19 years$1,540$1,260$1,024$827$664$340
20 years$1,448$1,171$939$749$593$291
21 years$1,364$1,091$864$679$531$249
22 years$1,289$1,018$796$618$476$213
23 years$1,220$952$735$563$427$183
24 years$1,156$892$680$513$384$157
25 years$1,098$837$630$469$345$135
26 years$1,045$787$584$429$311$116
27 years$995$740$542$392$281$100
28 years$949$698$504$359$253$86
29 years$907$658$469$330$229$74
30 years$867$622$437$302$207$64
31 years$830$588$408$278$187$55
32 years$795$556$380$255$169$47
33 years$763$527$355$235$153$41
34 years$732$499$332$216$138$35
35 years$704$473$310$199$125$30
36 years$677$449$290$183$114$26
37 years$651$427$272$169$103$23
38 years$627$406$254$156$93$19
39 years$604$386$238$143$85$17
40 years$582$367$223$132$77$14
41 years$562$349$209$122$70$12
42 years$542$333$196$113$63$11
43 years$524$317$184$104$57$9
44 years$506$302$173$96$52$8
45 years$489$288$162$89$47$7
46 years$473$275$153$82$43$6
47 years$458$262$143$76$39$5
48 years$443$250$135$70$35$4
49 years$429$239$127$65$32$4
50 years$416$228$119$60$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $426,000, adding $3,436 every year, while hoping to spend $31,971 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: 49/24/27 Blend
55$426,000$426,000$426,000$426,000
56$472,996$450,418$443,815$492,399
57$487,225$438,472$424,666$494,390
58$501,833$424,869$403,804$493,108
59$516,827$409,493$381,138$491,087
60$532,209$392,225$356,572$488,271
61$547,985$372,934$330,007$484,604
62$564,156$351,485$301,340$480,022
63$580,726$327,733$270,460$474,462
64$597,695$301,527$237,256$467,853
65$615,064$272,706$201,608$460,122
66$632,831$241,099$163,392$451,192
67$650,994$206,527$122,480$440,980
68$669,548$168,800$78,736$429,397
69$688,488$127,717$32,019$416,352
70$707,804$83,066$0$401,745
71$727,488$34,623$0$390,609
72$747,525$0$0$387,875
73$767,899$0$0$388,948
74$788,592$0$0$399,312
75$809,580$0$0$409,809
76$830,836$0$0$420,426
77$852,328$0$0$431,143
78$874,021$0$0$441,940
79$895,870$0$0$452,793
80$917,829$0$0$463,674
81$939,840$0$0$474,554
82$961,841$0$0$485,397
83$983,759$0$0$496,162
84$1,005,514$0$0$506,805
85$1,027,011$0$0$517,274
86$1,048,148$0$0$527,513
87$1,068,806$0$0$537,456
88$1,088,855$0$0$547,032
89$1,108,146$0$0$556,160
90$1,126,514$0$0$564,748
91$1,143,774$0$0$572,697
92$1,159,718$0$0$579,891
93$1,174,117$0$0$586,207
94$1,186,711$0$0$591,502
95$1,197,214$0$0$595,620
96$1,205,306$0$0$598,388
97$1,210,632$0$0$599,611
98$1,212,796$0$0$599,076
99$1,211,359$0$0$596,542
100$1,205,834$0$0$591,745