Can I retire at age 56 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$37,243$36,911$36,588$36,272$35,963$35,558
2 years$18,437$18,094$17,761$17,438$17,125$16,718
3 years$12,169$11,825$11,493$11,173$10,865$10,467
4 years$9,036$8,692$8,364$8,049$7,749$7,364
5 years$7,157$6,815$6,491$6,183$5,891$5,520
6 years$5,904$5,565$5,245$4,944$4,661$4,305
7 years$5,010$4,673$4,359$4,065$3,791$3,449
8 years$4,339$4,006$3,697$3,410$3,145$2,818
9 years$3,818$3,488$3,184$2,905$2,648$2,336
10 years$3,401$3,074$2,776$2,504$2,257$1,959
11 years$3,061$2,737$2,444$2,179$1,941$1,657
12 years$2,777$2,457$2,169$1,911$1,682$1,412
13 years$2,537$2,220$1,938$1,687$1,467$1,210
14 years$2,331$2,018$1,741$1,498$1,286$1,042
15 years$2,154$1,843$1,572$1,336$1,132$901
16 years$1,998$1,691$1,425$1,196$1,000$782
17 years$1,861$1,558$1,297$1,075$887$681
18 years$1,739$1,439$1,184$969$789$594
19 years$1,631$1,334$1,084$875$703$519
20 years$1,533$1,240$995$793$628$455
21 years$1,444$1,155$915$719$562$399
22 years$1,364$1,078$843$654$504$351
23 years$1,291$1,008$779$596$452$308
24 years$1,224$944$720$543$406$272
25 years$1,163$886$667$496$366$239
26 years$1,106$833$618$454$329$211
27 years$1,054$784$574$415$297$186
28 years$1,005$739$534$380$268$165
29 years$960$697$497$349$242$145
30 years$918$658$463$320$219$129
31 years$879$622$431$294$198$114
32 years$842$589$403$270$179$101
33 years$808$557$376$249$162$89
34 years$775$528$351$229$147$79
35 years$745$501$328$210$133$70
36 years$716$476$307$194$120$62
37 years$689$452$287$179$109$55
38 years$664$429$269$165$99$49
39 years$640$408$252$152$90$43
40 years$617$388$236$140$81$38
41 years$595$370$222$129$74$34
42 years$574$352$208$119$67$30
43 years$555$336$195$110$61$27
44 years$536$320$183$102$55$24
45 years$518$305$172$94$50$21
46 years$501$291$162$87$45$19
47 years$485$278$152$80$41$16
48 years$469$265$143$74$37$15
49 years$455$253$134$68$34$13
50 years$440$242$126$63$31$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $451,000, adding $3,044 every year, while hoping to spend $23,400 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: 33/48/19 Blend
55$451,000$451,000$451,000$451,000
56$500,142$476,239$469,248$513,622
57$526,259$474,677$460,071$522,313
58$554,256$472,255$449,801$529,307
59$584,299$468,904$438,379$536,355
60$616,572$464,556$425,740$543,473
61$651,277$459,133$411,816$550,683
62$688,634$452,557$396,538$558,014
63$728,885$444,743$379,833$565,495
64$772,297$435,601$361,623$573,163
65$819,162$425,037$341,829$581,062
66$869,803$412,950$320,366$589,241
67$924,572$399,234$297,148$597,759
68$983,859$383,776$272,082$606,682
69$1,048,089$366,458$245,074$616,087
70$1,117,734$347,153$216,023$626,061
71$1,193,308$325,729$184,825$636,705
72$1,275,380$302,045$151,371$648,133
73$1,364,574$275,951$115,548$660,476
74$1,461,578$247,290$77,237$673,880
75$1,567,148$215,896$36,313$688,512
76$1,682,115$181,593$0$704,562
77$1,807,396$144,196$0$723,734
78$1,943,996$103,507$0$752,729
79$2,093,026$59,321$0$784,477
80$2,255,705$11,418$0$819,310
81$2,433,376$0$0$857,602
82$2,627,520$0$0$921,123
83$2,839,763$0$0$997,223
84$3,071,898$0$0$1,080,524
85$3,325,899$0$0$1,171,741
86$3,603,939$0$0$1,271,663
87$3,908,411$0$0$1,381,161
88$4,241,951$0$0$1,501,191
89$4,607,461$0$0$1,632,807
90$5,008,137$0$0$1,777,170
91$5,447,500$0$0$1,935,560
92$5,929,426$0$0$2,109,385
93$6,458,187$0$0$2,300,197
94$7,038,486$0$0$2,509,704
95$7,675,505$0$0$2,739,790
96$8,374,951$0$0$2,992,529
97$9,143,112$0$0$3,270,205
98$9,986,913$0$0$3,575,336
99$10,913,985$0$0$3,910,696
100$11,932,734$0$0$4,279,338