Can I retire at age 56 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$35,509$35,193$34,884$34,583$34,289$33,693
2 years$17,579$17,251$16,934$16,626$16,328$15,730
3 years$11,603$11,274$10,957$10,653$10,359$9,777
4 years$8,615$8,288$7,974$7,675$7,388$6,827
5 years$6,823$6,498$6,188$5,895$5,616$5,077
6 years$5,629$5,306$5,001$4,714$4,444$3,928
7 years$4,776$4,456$4,156$3,876$3,614$3,121
8 years$4,137$3,819$3,525$3,251$2,998$2,528
9 years$3,640$3,325$3,036$2,769$2,525$2,077
10 years$3,243$2,931$2,647$2,387$2,151$1,725
11 years$2,918$2,610$2,330$2,078$1,850$1,446
12 years$2,648$2,342$2,068$1,822$1,603$1,220
13 years$2,419$2,117$1,847$1,609$1,398$1,036
14 years$2,223$1,924$1,660$1,428$1,226$883
15 years$2,053$1,758$1,499$1,274$1,079$756
16 years$1,905$1,613$1,359$1,140$954$649
17 years$1,774$1,485$1,236$1,025$846$559
18 years$1,658$1,372$1,129$923$752$483
19 years$1,555$1,272$1,033$834$670$417
20 years$1,461$1,182$948$756$599$362
21 years$1,377$1,101$872$686$536$314
22 years$1,301$1,028$804$624$480$272
23 years$1,231$961$742$568$431$237
24 years$1,167$900$686$518$387$206
25 years$1,109$845$636$473$349$180
26 years$1,055$794$590$433$314$156
27 years$1,005$747$548$396$283$136
28 years$958$704$509$363$255$119
29 years$915$664$474$333$231$104
30 years$875$627$441$305$208$91
31 years$838$593$411$280$188$79
32 years$803$561$384$258$170$69
33 years$770$532$358$237$154$61
34 years$739$504$335$218$140$53
35 years$710$478$313$201$127$46
36 years$683$454$293$185$115$41
37 years$657$431$274$170$104$35
38 years$633$409$257$157$94$31
39 years$610$389$240$145$85$27
40 years$588$370$225$133$77$24
41 years$567$353$211$123$70$21
42 years$547$336$198$114$64$18
43 years$529$320$186$105$58$16
44 years$511$305$175$97$53$14
45 years$494$291$164$89$48$12
46 years$478$277$154$83$43$11
47 years$462$265$145$76$39$9
48 years$447$253$136$71$36$8
49 years$433$241$128$65$32$7
50 years$420$231$120$60$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $430,000, adding $4,424 every year, while hoping to spend $32,010 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: 56/25/19 Blend
55$430,000$430,000$430,000$430,000
56$478,423$455,633$448,968$502,551
57$493,164$443,901$429,950$507,761
58$508,336$430,521$409,223$509,626
59$523,948$415,379$386,694$510,949
60$540,011$398,353$362,268$511,688
61$556,536$379,315$335,848$511,794
62$573,531$358,130$307,327$511,218
63$591,007$334,655$276,599$509,907
64$608,973$308,736$243,548$507,805
65$627,439$280,215$208,058$504,853
66$646,414$248,921$170,003$500,987
67$665,905$214,676$129,256$496,141
68$685,922$177,289$85,680$490,243
69$706,472$136,562$39,136$483,219
70$727,561$92,282$0$474,987
71$749,195$44,227$0$467,600
72$771,380$0$0$467,436
73$794,120$0$0$468,648
74$817,417$0$0$482,351
75$841,272$0$0$496,376
76$865,686$0$0$510,725
77$890,656$0$0$525,394
78$916,178$0$0$540,380
79$942,246$0$0$555,679
80$968,850$0$0$571,284
81$995,978$0$0$587,187
82$1,023,615$0$0$603,378
83$1,051,741$0$0$619,843
84$1,080,333$0$0$636,568
85$1,109,364$0$0$653,534
86$1,138,798$0$0$670,720
87$1,168,598$0$0$688,100
88$1,198,717$0$0$705,646
89$1,229,102$0$0$723,323
90$1,259,692$0$0$741,093
91$1,290,417$0$0$758,910
92$1,321,196$0$0$776,726
93$1,351,938$0$0$794,481
94$1,382,539$0$0$812,111
95$1,412,882$0$0$829,542
96$1,442,833$0$0$846,691
97$1,472,244$0$0$863,463
98$1,500,944$0$0$879,755
99$1,528,746$0$0$895,447
100$1,555,437$0$0$910,407