Can I retire at age 56 with 426,000?

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 $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%17.7%
1 years$35,179$34,865$34,560$34,261$33,970$32,909
2 years$17,415$17,091$16,777$16,472$16,176$15,117
3 years$11,495$11,169$10,856$10,554$10,263$9,238
4 years$8,535$8,210$7,900$7,603$7,320$6,337
5 years$6,760$6,437$6,131$5,840$5,564$4,627
6 years$5,577$5,256$4,955$4,670$4,403$3,512
7 years$4,732$4,414$4,117$3,840$3,581$2,736
8 years$4,099$3,784$3,492$3,221$2,970$2,171
9 years$3,606$3,295$3,007$2,744$2,502$1,747
10 years$3,213$2,904$2,622$2,365$2,131$1,420
11 years$2,891$2,585$2,308$2,058$1,833$1,164
12 years$2,623$2,320$2,049$1,805$1,589$960
13 years$2,396$2,097$1,830$1,594$1,385$796
14 years$2,202$1,906$1,645$1,415$1,214$663
15 years$2,034$1,741$1,485$1,262$1,069$553
16 years$1,887$1,598$1,346$1,130$945$464
17 years$1,758$1,471$1,225$1,015$838$389
18 years$1,643$1,360$1,118$915$745$327
19 years$1,540$1,260$1,024$827$664$276
20 years$1,448$1,171$939$749$593$233
21 years$1,364$1,091$864$679$531$197
22 years$1,289$1,018$796$618$476$166
23 years$1,220$952$735$563$427$141
24 years$1,156$892$680$513$384$119
25 years$1,098$837$630$469$345$101
26 years$1,045$787$584$429$311$85
27 years$995$740$542$392$281$72
28 years$949$698$504$359$253$61
29 years$907$658$469$330$229$52
30 years$867$622$437$302$207$44
31 years$830$588$408$278$187$37
32 years$795$556$380$255$169$32
33 years$763$527$355$235$153$27
34 years$732$499$332$216$138$23
35 years$704$473$310$199$125$19
36 years$677$449$290$183$114$17
37 years$651$427$272$169$103$14
38 years$627$406$254$156$93$12
39 years$604$386$238$143$85$10
40 years$582$367$223$132$77$9
41 years$562$349$209$122$70$7
42 years$542$333$196$113$63$6
43 years$524$317$184$104$57$5
44 years$506$302$173$96$52$4
45 years$489$288$162$89$47$4
46 years$473$275$153$82$43$3
47 years$458$262$143$76$39$3
48 years$443$250$135$70$35$2
49 years$429$239$127$65$32$2
50 years$416$228$119$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $426,000, adding $3,137 every year, while hoping to spend $25,235 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: 43/45/12 Blend
55$426,000$426,000$426,000$426,000
56$472,688$450,110$443,507$491,240
57$494,052$445,315$431,514$499,717
58$516,750$439,440$418,275$506,116
59$540,890$432,405$403,719$512,490
60$566,593$424,125$387,775$518,846
61$593,990$414,511$370,370$525,196
62$623,223$403,468$351,423$531,554
63$654,450$390,897$330,855$537,935
64$687,844$376,691$308,578$544,361
65$723,593$360,738$284,505$550,859
66$761,905$342,919$258,541$557,458
67$803,007$323,109$230,589$564,194
68$847,147$301,175$200,548$571,112
69$894,600$276,977$168,310$578,260
70$945,666$250,366$133,766$585,698
71$1,000,676$221,185$96,798$593,494
72$1,059,990$189,269$57,287$601,726
73$1,124,008$154,442$15,105$610,484
74$1,193,167$116,519$0$619,872
75$1,267,946$75,305$0$633,839
76$1,348,876$30,594$0$651,002
77$1,436,535$0$0$669,598
78$1,531,563$0$0$698,651
79$1,634,662$0$0$746,652
80$1,746,603$0$0$798,816
81$1,868,236$0$0$855,545
82$2,000,496$0$0$917,281
83$2,144,409$0$0$984,509
84$2,301,108$0$0$1,057,766
85$2,471,836$0$0$1,137,639
86$2,657,962$0$0$1,224,776
87$2,860,994$0$0$1,319,891
88$3,082,591$0$0$1,423,769
89$3,324,579$0$0$1,537,273
90$3,588,968$0$0$1,661,356
91$3,877,971$0$0$1,797,065
92$4,194,024$0$0$1,945,552
93$4,539,811$0$0$2,108,089
94$4,918,285$0$0$2,286,074
95$5,332,698$0$0$2,481,046
96$5,786,634$0$0$2,694,702
97$6,284,035$0$0$2,928,909
98$6,829,248$0$0$3,185,725
99$7,427,056$0$0$3,467,415
100$8,082,728$0$0$3,776,475