Can I retire at age 56 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$35,757$35,438$35,127$34,824$34,528$33,158
2 years$17,701$17,372$17,052$16,742$16,442$15,079
3 years$11,684$11,353$11,034$10,727$10,431$9,118
4 years$8,675$8,345$8,030$7,728$7,440$6,186
5 years$6,871$6,543$6,231$5,936$5,656$4,465
6 years$5,668$5,343$5,036$4,747$4,475$3,348
7 years$4,810$4,487$4,185$3,903$3,639$2,575
8 years$4,166$3,846$3,549$3,274$3,019$2,017
9 years$3,666$3,349$3,057$2,789$2,543$1,601
10 years$3,266$2,952$2,665$2,404$2,166$1,284
11 years$2,938$2,628$2,346$2,092$1,863$1,037
12 years$2,666$2,358$2,082$1,835$1,615$843
13 years$2,436$2,131$1,860$1,620$1,408$688
14 years$2,238$1,937$1,672$1,438$1,234$564
15 years$2,068$1,770$1,509$1,283$1,087$464
16 years$1,918$1,624$1,368$1,148$960$383
17 years$1,787$1,495$1,245$1,032$852$316
18 years$1,670$1,382$1,137$930$757$262
19 years$1,565$1,281$1,041$840$675$217
20 years$1,472$1,190$955$761$603$180
21 years$1,387$1,109$878$691$539$149
22 years$1,310$1,035$810$628$484$124
23 years$1,240$968$747$572$434$103
24 years$1,175$907$691$522$390$86
25 years$1,116$851$640$476$351$71
26 years$1,062$800$594$436$316$59
27 years$1,012$753$551$399$285$49
28 years$965$709$513$365$257$41
29 years$922$669$477$335$232$34
30 years$881$632$444$307$210$29
31 years$844$597$414$282$190$24
32 years$808$565$386$259$172$20
33 years$775$535$361$239$155$17
34 years$744$507$337$220$141$14
35 years$715$481$315$202$127$12
36 years$688$457$295$186$115$10
37 years$662$434$276$171$105$8
38 years$637$412$258$158$95$7
39 years$614$392$242$146$86$6
40 years$592$373$227$134$78$5
41 years$571$355$213$124$71$4
42 years$551$338$200$114$64$3
43 years$532$322$187$106$58$3
44 years$514$307$176$98$53$2
45 years$497$293$165$90$48$2
46 years$481$279$155$83$44$2
47 years$465$267$146$77$40$1
48 years$451$254$137$71$36$1
49 years$436$243$129$66$33$1
50 years$423$232$121$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $433,000, adding $3,826 every year, while hoping to spend $25,662 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: 53/26/21 Blend
55$433,000$433,000$433,000$433,000
56$481,113$458,164$451,452$503,648
57$502,882$453,309$439,271$514,702
58$526,012$447,357$425,823$523,732
59$550,613$440,226$411,036$533,013
60$576,809$431,831$394,840$542,575
61$604,733$422,080$377,156$552,457
62$634,532$410,878$357,907$562,700
63$666,366$398,122$337,008$573,352
64$700,411$383,706$314,373$584,469
65$736,859$367,514$289,912$596,111
66$775,923$349,427$263,528$608,349
67$817,835$329,317$235,124$621,262
68$862,849$307,048$204,596$634,940
69$911,245$282,478$171,835$649,484
70$963,329$255,457$136,728$665,007
71$1,019,438$225,824$99,159$681,637
72$1,079,943$193,412$59,003$699,519
73$1,145,250$158,042$16,132$718,812
74$1,215,806$119,526$0$739,697
75$1,292,101$77,665$0$769,014
76$1,374,675$32,250$0$804,640
77$1,464,121$0$0$843,244
78$1,561,091$0$0$889,988
79$1,666,302$0$0$950,752
80$1,780,544$0$0$1,016,768
81$1,904,683$0$0$1,088,542
82$2,039,674$0$0$1,166,632
83$2,186,566$0$0$1,251,649
84$2,346,514$0$0$1,344,267
85$2,520,791$0$0$1,445,229
86$2,710,794$0$0$1,555,349
87$2,918,063$0$0$1,675,528
88$3,144,293$0$0$1,806,752
89$3,391,349$0$0$1,950,112
90$3,661,284$0$0$2,106,805
91$3,956,359$0$0$2,278,151
92$4,279,062$0$0$2,465,603
93$4,632,135$0$0$2,670,759
94$5,018,595$0$0$2,895,382
95$5,441,764$0$0$3,141,411
96$5,905,301$0$0$3,410,982
97$6,413,236$0$0$3,706,447
98$6,970,007$0$0$4,030,398
99$7,580,500$0$0$4,385,687
100$8,250,100$0$0$4,775,458