Can I retire at age 56 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$35,592$35,275$34,965$34,663$34,369$33,967
2 years$17,620$17,291$16,973$16,665$16,366$15,962
3 years$11,630$11,300$10,983$10,677$10,383$9,989
4 years$8,635$8,307$7,993$7,693$7,405$7,024
5 years$6,839$6,513$6,203$5,909$5,629$5,262
6 years$5,642$5,318$5,013$4,725$4,454$4,102
7 years$4,787$4,466$4,166$3,885$3,623$3,285
8 years$4,147$3,828$3,533$3,259$3,005$2,682
9 years$3,649$3,333$3,043$2,776$2,531$2,222
10 years$3,250$2,938$2,653$2,393$2,156$1,862
11 years$2,925$2,616$2,335$2,082$1,855$1,574
12 years$2,654$2,348$2,073$1,827$1,607$1,341
13 years$2,424$2,122$1,852$1,613$1,401$1,148
14 years$2,228$1,928$1,664$1,431$1,229$988
15 years$2,058$1,762$1,502$1,277$1,082$854
16 years$1,909$1,616$1,362$1,143$956$741
17 years$1,779$1,489$1,239$1,027$848$644
18 years$1,662$1,375$1,131$926$754$562
19 years$1,558$1,275$1,036$836$672$491
20 years$1,465$1,185$951$757$600$430
21 years$1,380$1,103$874$687$537$377
22 years$1,304$1,030$806$625$481$331
23 years$1,234$963$744$569$432$291
24 years$1,170$903$688$519$388$256
25 years$1,111$847$637$474$349$225
26 years$1,057$796$591$434$315$198
27 years$1,007$749$549$397$284$175
28 years$961$706$510$364$256$154
29 years$917$666$475$333$231$136
30 years$877$629$442$306$209$120
31 years$840$595$412$281$189$106
32 years$805$563$385$258$171$94
33 years$772$533$359$238$155$83
34 years$741$505$336$219$140$74
35 years$712$479$314$201$127$65
36 years$685$455$294$185$115$58
37 years$659$432$275$171$104$51
38 years$634$410$257$157$94$45
39 years$611$390$241$145$86$40
40 years$589$371$226$134$78$35
41 years$568$353$212$123$70$31
42 years$549$337$199$114$64$28
43 years$530$321$186$105$58$25
44 years$512$306$175$97$53$22
45 years$495$291$164$90$48$19
46 years$479$278$154$83$43$17
47 years$463$265$145$77$39$15
48 years$449$253$136$71$36$13
49 years$434$242$128$65$33$12
50 years$421$231$120$60$30$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $431,000, adding $2,544 every year, while hoping to spend $25,891 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: 62/30/8 Blend
55$431,000$431,000$431,000$431,000
56$477,586$454,743$448,063$506,248
57$498,752$449,478$435,525$520,448
58$521,209$443,087$421,699$532,707
59$545,062$435,487$406,516$545,430
60$570,424$426,592$389,900$558,660
61$597,421$416,309$371,775$572,447
62$626,189$404,539$352,061$586,848
63$656,879$391,180$330,673$601,925
64$689,653$376,120$307,523$617,749
65$724,692$359,245$282,520$634,398
66$762,194$340,430$255,567$651,961
67$802,373$319,546$226,564$670,535
68$845,467$296,456$195,406$690,231
69$891,736$271,014$161,983$711,173
70$941,465$243,066$126,182$733,496
71$994,968$212,450$87,883$757,355
72$1,052,589$178,995$46,961$782,920
73$1,114,706$142,518$3,287$810,382
74$1,181,733$102,828$0$839,952
75$1,254,127$59,724$0$875,566
76$1,332,388$12,991$0$914,327
77$1,417,068$0$0$956,261
78$1,508,772$0$0$1,014,116
79$1,608,165$0$0$1,081,499
80$1,715,979$0$0$1,154,618
81$1,833,019$0$0$1,234,023
82$1,960,171$0$0$1,320,320
83$2,098,409$0$0$1,414,172
84$2,248,802$0$0$1,516,312
85$2,412,532$0$0$1,627,543
86$2,590,893$0$0$1,748,752
87$2,785,315$0$0$1,880,913
88$2,997,367$0$0$2,025,098
89$3,228,779$0$0$2,182,489
90$3,481,454$0$0$2,354,385
91$3,757,486$0$0$2,542,217
92$4,059,184$0$0$2,747,560
93$4,389,085$0$0$2,972,148
94$4,749,986$0$0$3,217,890
95$5,144,965$0$0$3,486,890
96$5,577,412$0$0$3,781,461
97$6,051,060$0$0$4,104,155
98$6,570,019$0$0$4,457,779
99$7,138,818$0$0$4,845,424
100$7,762,442$0$0$5,270,498