Can I retire at age 56 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$36,170$35,847$35,533$35,226$34,927$34,082
2 years$17,906$17,572$17,249$16,936$16,632$15,786
3 years$11,819$11,484$11,161$10,851$10,552$9,731
4 years$8,776$8,442$8,123$7,817$7,526$6,737
5 years$6,950$6,618$6,303$6,005$5,721$4,966
6 years$5,734$5,404$5,094$4,802$4,527$3,806
7 years$4,865$4,539$4,233$3,948$3,681$2,995
8 years$4,214$3,890$3,590$3,312$3,054$2,402
9 years$3,708$3,387$3,092$2,821$2,572$1,954
10 years$3,303$2,986$2,696$2,432$2,191$1,606
11 years$2,972$2,658$2,373$2,116$1,885$1,332
12 years$2,697$2,386$2,106$1,856$1,633$1,112
13 years$2,464$2,156$1,882$1,639$1,424$933
14 years$2,264$1,960$1,691$1,455$1,248$786
15 years$2,092$1,790$1,527$1,297$1,099$665
16 years$1,941$1,643$1,384$1,162$972$564
17 years$1,807$1,513$1,259$1,044$861$480
18 years$1,689$1,398$1,150$941$766$409
19 years$1,584$1,295$1,053$850$683$350
20 years$1,489$1,204$966$770$610$299
21 years$1,403$1,121$888$699$546$256
22 years$1,325$1,047$819$635$489$219
23 years$1,254$979$756$578$439$188
24 years$1,189$917$699$528$395$162
25 years$1,129$861$648$482$355$139
26 years$1,074$809$601$441$320$119
27 years$1,023$761$558$403$288$103
28 years$976$717$519$369$260$88
29 years$932$677$483$339$235$76
30 years$892$639$449$311$212$66
31 years$853$604$419$286$192$56
32 years$818$572$391$262$174$49
33 years$784$541$365$241$157$42
34 years$753$513$341$222$142$36
35 years$723$487$319$204$129$31
36 years$696$462$298$188$117$27
37 years$669$439$279$173$106$23
38 years$645$417$261$160$96$20
39 years$621$397$245$147$87$17
40 years$599$377$230$136$79$15
41 years$578$359$215$125$72$13
42 years$558$342$202$116$65$11
43 years$539$326$190$107$59$10
44 years$520$311$178$99$54$8
45 years$503$296$167$91$49$7
46 years$487$283$157$84$44$6
47 years$471$270$147$78$40$5
48 years$456$257$138$72$36$5
49 years$441$246$130$66$33$4
50 years$428$235$122$61$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $438,000, adding $2,585 every year, while hoping to spend $26,746 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: 70/20/10 Blend
55$438,000$438,000$438,000$438,000
56$485,342$462,128$455,339$518,182
57$506,390$456,315$442,136$534,465
58$528,688$449,321$427,593$548,771
59$552,335$441,059$411,639$563,708
60$577,441$431,438$394,197$579,335
61$604,124$420,363$375,186$595,713
62$632,513$407,729$354,524$612,912
63$662,752$393,430$332,123$631,012
64$694,995$377,351$307,891$650,097
65$729,413$359,370$281,734$670,266
66$766,193$339,359$253,552$691,624
67$805,540$317,182$223,241$714,291
68$847,677$292,697$190,692$738,398
69$892,852$265,750$155,792$764,093
70$941,334$236,183$118,422$791,536
71$993,420$203,825$78,458$820,909
72$1,049,434$168,499$35,772$852,413
73$1,109,735$130,013$0$886,268
74$1,174,713$88,170$0$923,766
75$1,244,801$42,757$0$968,275
76$1,320,472$0$0$1,016,295
77$1,402,244$0$0$1,069,595
78$1,490,691$0$0$1,137,442
79$1,586,440$0$0$1,210,909
80$1,690,182$0$0$1,290,530
81$1,802,676$0$0$1,376,890
82$1,924,757$0$0$1,470,632
83$2,057,345$0$0$1,572,465
84$2,201,448$0$0$1,683,168
85$2,358,180$0$0$1,803,597
86$2,528,761$0$0$1,934,695
87$2,714,538$0$0$2,077,500
88$2,916,992$0$0$2,233,153
89$3,137,752$0$0$2,402,911
90$3,378,610$0$0$2,588,157
91$3,641,542$0$0$2,790,412
92$3,928,719$0$0$3,011,352
93$4,242,535$0$0$3,252,823
94$4,585,621$0$0$3,516,854
95$4,960,879$0$0$3,805,682
96$5,371,500$0$0$4,121,769
97$5,820,999$0$0$4,467,826
98$6,313,248$0$0$4,846,838
99$6,852,509$0$0$5,262,094
100$7,443,478$0$0$5,717,213