Can I retire at age 56 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$36,583$36,257$35,939$35,628$35,325$34,208
2 years$18,110$17,773$17,446$17,129$16,822$15,706
3 years$11,954$11,615$11,289$10,975$10,672$9,594
4 years$8,876$8,538$8,215$7,907$7,612$6,578
5 years$7,030$6,694$6,375$6,073$5,786$4,800
6 years$5,799$5,466$5,152$4,857$4,578$3,641
7 years$4,921$4,590$4,282$3,993$3,723$2,835
8 years$4,262$3,935$3,631$3,350$3,089$2,248
9 years$3,750$3,426$3,127$2,853$2,601$1,808
10 years$3,341$3,020$2,727$2,459$2,217$1,469
11 years$3,006$2,688$2,400$2,140$1,906$1,203
12 years$2,728$2,413$2,130$1,877$1,652$992
13 years$2,492$2,181$1,903$1,657$1,441$822
14 years$2,290$1,982$1,710$1,471$1,263$683
15 years$2,115$1,811$1,544$1,312$1,112$571
16 years$1,963$1,661$1,400$1,175$983$478
17 years$1,828$1,530$1,274$1,056$871$401
18 years$1,708$1,414$1,163$951$775$337
19 years$1,602$1,310$1,065$860$691$284
20 years$1,506$1,218$977$779$617$239
21 years$1,419$1,134$899$707$552$202
22 years$1,340$1,059$828$642$495$170
23 years$1,268$990$765$585$444$144
24 years$1,203$928$707$534$399$122
25 years$1,142$871$655$487$359$103
26 years$1,086$818$608$446$324$87
27 years$1,035$770$564$408$292$74
28 years$987$726$524$374$263$63
29 years$943$685$488$343$238$53
30 years$902$646$455$315$215$45
31 years$863$611$424$289$194$38
32 years$827$578$395$265$176$32
33 years$793$548$369$244$159$27
34 years$762$519$345$225$144$23
35 years$732$492$323$207$130$20
36 years$704$467$302$190$118$17
37 years$677$444$282$175$107$14
38 years$652$422$264$162$97$12
39 years$628$401$248$149$88$10
40 years$606$382$232$138$80$9
41 years$584$363$218$127$72$7
42 years$564$346$204$117$66$6
43 years$545$330$192$108$60$5
44 years$526$314$180$100$54$5
45 years$509$300$169$92$49$4
46 years$492$286$159$85$45$3
47 years$476$273$149$79$41$3
48 years$461$260$140$73$37$2
49 years$446$249$132$67$33$2
50 years$433$237$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $443,000, adding $5,772 every year, while hoping to spend $21,146 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: 51/25/24 Blend
55$443,000$443,000$443,000$443,000
56$494,140$470,661$463,794$515,756
57$522,043$471,224$456,832$531,917
58$552,083$471,106$448,928$546,860
59$584,457$470,251$440,028$562,676
60$619,378$468,601$430,076$579,455
61$657,084$466,091$419,013$597,301
62$697,834$462,656$406,777$616,325
63$741,912$458,226$393,303$636,654
64$789,632$452,724$378,524$658,427
65$841,340$446,073$362,370$681,800
66$897,413$438,187$344,766$706,945
67$958,269$428,978$325,635$734,055
68$1,024,366$418,351$304,897$763,342
69$1,096,208$406,207$282,468$795,042
70$1,174,349$392,439$258,258$829,418
71$1,259,400$376,936$232,178$866,760
72$1,352,032$359,580$204,129$907,392
73$1,452,984$340,244$174,012$951,670
74$1,563,070$318,797$141,722$999,990
75$1,683,183$295,098$107,150$1,052,793
76$1,814,309$268,999$70,181$1,110,563
77$1,957,532$240,344$30,696$1,173,842
78$2,114,047$208,967$0$1,243,224
79$2,285,166$174,693$0$1,322,300
80$2,472,338$137,337$0$1,417,451
81$2,677,154$96,705$0$1,521,652
82$2,901,370$52,590$0$1,635,835
83$3,146,918$4,774$0$1,761,027
84$3,415,923$0$0$1,898,364
85$3,710,730$0$0$2,062,021
86$4,033,918$0$0$2,242,920
87$4,388,330$0$0$2,441,343
88$4,777,094$0$0$2,659,049
89$5,203,658$0$0$2,897,975
90$5,671,820$0$0$3,160,254
91$6,185,763$0$0$3,448,236
92$6,750,093$0$0$3,764,510
93$7,369,886$0$0$4,111,927
94$8,050,733$0$0$4,493,629
95$8,798,795$0$0$4,913,076
96$9,620,855$0$0$5,374,082
97$10,524,390$0$0$5,880,846
98$11,517,635$0$0$6,437,997
99$12,609,664$0$0$7,050,632
100$13,810,472$0$0$7,724,368