Can I retire at age 56 with 441,000?

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 $441,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$36,417$36,093$35,776$35,468$35,166$33,864
2 years$18,028$17,693$17,367$17,052$16,746$15,449
3 years$11,900$11,562$11,238$10,925$10,624$9,373
4 years$8,836$8,500$8,178$7,871$7,577$6,382
5 years$6,998$6,664$6,347$6,046$5,760$4,623
6 years$5,773$5,441$5,129$4,835$4,558$3,480
7 years$4,899$4,570$4,262$3,975$3,707$2,688
8 years$4,243$3,917$3,615$3,334$3,075$2,114
9 years$3,733$3,411$3,113$2,840$2,590$1,685
10 years$3,326$3,006$2,714$2,448$2,207$1,357
11 years$2,993$2,676$2,390$2,131$1,898$1,101
12 years$2,715$2,402$2,121$1,869$1,644$900
13 years$2,481$2,171$1,895$1,650$1,434$738
14 years$2,280$1,973$1,702$1,465$1,257$608
15 years$2,106$1,803$1,537$1,306$1,107$503
16 years$1,954$1,654$1,394$1,170$978$416
17 years$1,820$1,523$1,268$1,051$867$346
18 years$1,701$1,407$1,158$947$771$288
19 years$1,594$1,304$1,060$856$687$240
20 years$1,499$1,212$973$775$614$200
21 years$1,412$1,129$895$703$549$167
22 years$1,334$1,054$824$640$493$139
23 years$1,263$986$761$582$442$117
24 years$1,197$924$704$531$397$97
25 years$1,137$867$652$485$358$82
26 years$1,082$815$605$444$322$68
27 years$1,030$767$562$406$290$57
28 years$983$722$522$372$262$48
29 years$939$681$486$341$237$40
30 years$898$644$453$313$214$34
31 years$859$608$422$288$193$28
32 years$823$576$394$264$175$24
33 years$790$545$368$243$158$20
34 years$758$517$343$224$143$17
35 years$728$490$321$206$130$14
36 years$700$465$300$190$118$12
37 years$674$442$281$175$107$10
38 years$649$420$263$161$97$8
39 years$625$399$247$148$88$7
40 years$603$380$231$137$79$6
41 years$582$362$217$126$72$5
42 years$561$344$203$117$65$4
43 years$542$328$191$108$59$3
44 years$524$313$179$99$54$3
45 years$507$298$168$92$49$2
46 years$490$284$158$85$44$2
47 years$474$271$148$78$40$2
48 years$459$259$139$72$37$1
49 years$444$247$131$67$33$1
50 years$431$236$123$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $441,000, adding $6,555 every year, while hoping to spend $28,285 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: 72/9/19 Blend
55$441,000$441,000$441,000$441,000
56$492,743$469,370$462,535$525,532
57$512,908$462,275$447,935$541,098
58$534,182$453,883$431,898$554,116
59$556,648$444,102$414,345$567,654
60$580,396$432,834$395,196$581,758
61$605,527$419,973$374,366$596,480
62$632,147$405,408$351,764$611,879
63$660,376$389,023$327,298$628,019
64$690,342$370,693$300,870$644,972
65$722,187$350,287$272,379$662,817
66$756,066$327,667$241,719$681,643
67$792,146$302,684$208,779$701,550
68$830,614$275,185$173,442$722,646
69$871,673$245,005$135,588$745,053
70$915,544$211,970$95,091$768,907
71$962,471$175,899$51,818$794,357
72$1,012,721$136,596$5,632$821,571
73$1,066,587$93,858$0$850,733
74$1,124,391$47,468$0$890,900
75$1,186,484$0$0$935,241
76$1,253,254$0$0$983,176
77$1,325,126$0$0$1,039,849
78$1,402,566$0$0$1,100,929
79$1,486,086$0$0$1,166,821
80$1,576,250$0$0$1,237,974
81$1,673,676$0$0$1,314,876
82$1,779,045$0$0$1,398,067
83$1,893,102$0$0$1,488,139
84$2,016,669$0$0$1,585,744
85$2,150,651$0$0$1,691,598
86$2,296,039$0$0$1,806,488
87$2,453,927$0$0$1,931,282
88$2,625,516$0$0$2,066,930
89$2,812,127$0$0$2,214,483
90$3,015,215$0$0$2,375,093
91$3,236,380$0$0$2,550,029
92$3,477,382$0$0$2,740,688
93$3,740,160$0$0$2,948,606
94$4,026,846$0$0$3,175,476
95$4,339,787$0$0$3,423,160
96$4,681,568$0$0$3,693,706
97$5,055,032$0$0$3,989,371
98$5,463,313$0$0$4,312,640
99$5,909,857$0$0$4,666,248
100$6,398,461$0$0$5,053,205