Can I retire at age 56 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$35,674$35,356$35,046$34,744$34,448$34,117
2 years$17,660$17,332$17,013$16,704$16,404$16,070
3 years$11,657$11,326$11,008$10,702$10,407$10,081
4 years$8,655$8,326$8,011$7,710$7,423$7,107
5 years$6,855$6,528$6,217$5,922$5,643$5,338
6 years$5,655$5,330$5,024$4,736$4,465$4,172
7 years$4,799$4,476$4,175$3,894$3,631$3,350
8 years$4,156$3,837$3,541$3,266$3,012$2,744
9 years$3,657$3,341$3,050$2,782$2,537$2,280
10 years$3,258$2,945$2,659$2,398$2,161$1,916
11 years$2,932$2,622$2,341$2,087$1,859$1,625
12 years$2,660$2,353$2,077$1,831$1,611$1,388
13 years$2,430$2,126$1,856$1,616$1,405$1,193
14 years$2,233$1,933$1,668$1,435$1,231$1,030
15 years$2,063$1,766$1,506$1,280$1,084$893
16 years$1,914$1,620$1,365$1,146$958$777
17 years$1,783$1,492$1,242$1,029$850$678
18 years$1,666$1,379$1,134$928$755$594
19 years$1,562$1,278$1,038$838$673$521
20 years$1,468$1,187$953$759$601$457
21 years$1,384$1,106$876$689$538$402
22 years$1,307$1,032$808$627$482$355
23 years$1,237$966$746$571$433$313
24 years$1,173$905$690$520$389$276
25 years$1,114$849$639$475$350$244
26 years$1,059$798$592$435$316$216
27 years$1,009$751$550$398$284$191
28 years$963$708$511$364$257$170
29 years$920$668$476$334$232$150
30 years$879$630$443$307$209$133
31 years$842$596$413$282$189$118
32 years$807$564$386$259$171$105
33 years$774$534$360$238$155$93
34 years$743$506$336$219$140$83
35 years$714$480$315$202$127$74
36 years$686$456$294$186$115$65
37 years$660$433$275$171$104$58
38 years$636$411$258$158$95$52
39 years$613$391$242$145$86$46
40 years$591$372$226$134$78$41
41 years$570$354$212$124$71$36
42 years$550$337$199$114$64$32
43 years$531$321$187$105$58$29
44 years$513$306$175$97$53$26
45 years$496$292$165$90$48$23
46 years$480$279$155$83$44$20
47 years$464$266$145$77$40$18
48 years$450$254$137$71$36$16
49 years$435$242$128$66$33$14
50 years$422$232$121$61$30$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $432,000, adding $6,505 every year, while hoping to spend $24,776 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: 80/9/11 Blend
55$432,000$432,000$432,000$432,000
56$482,774$459,878$453,182$519,949
57$505,655$456,050$442,002$541,455
58$530,040$451,205$429,617$561,162
59$556,056$445,266$415,961$582,061
60$583,842$438,152$400,964$604,260
61$613,550$429,778$384,553$627,876
62$645,349$420,054$366,652$653,041
63$679,422$408,883$347,182$679,898
64$715,970$396,165$326,059$708,607
65$755,214$381,793$303,197$739,341
66$797,396$365,651$278,505$772,293
67$842,784$347,621$251,888$807,677
68$891,668$327,575$223,247$845,727
69$944,371$305,379$192,479$886,701
70$1,001,245$280,891$159,474$930,885
71$1,062,677$253,960$124,122$978,593
72$1,129,094$224,427$86,303$1,030,174
73$1,200,962$192,125$45,896$1,086,008
74$1,278,797$156,876$2,770$1,146,519
75$1,363,165$118,493$0$1,212,174
76$1,454,687$76,779$0$1,288,561
77$1,554,047$31,523$0$1,371,848
78$1,661,998$0$0$1,462,353
79$1,779,367$0$0$1,562,515
80$1,907,065$0$0$1,674,899
81$2,046,094$0$0$1,797,266
82$2,197,555$0$0$1,930,587
83$2,362,663$0$0$2,075,933
84$2,542,751$0$0$2,234,479
85$2,739,290$0$0$2,407,520
86$2,953,898$0$0$2,596,484
87$3,188,354$0$0$2,802,938
88$3,444,619$0$0$3,028,612
89$3,724,851$0$0$3,275,408
90$4,031,426$0$0$3,545,420
91$4,366,962$0$0$3,840,954
92$4,734,338$0$0$4,164,551
93$5,136,729$0$0$4,519,007
94$5,577,627$0$0$4,907,403
95$6,060,880$0$0$5,333,129
96$6,590,727$0$0$5,799,923
97$7,171,835$0$0$6,311,898
98$7,809,345$0$0$6,873,587
99$8,508,919$0$0$7,489,981
100$9,276,795$0$0$8,166,578