Can I retire at age 56 with 452,000?

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 $452,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$37,326$36,993$36,669$36,352$36,043$35,431
2 years$18,478$18,134$17,800$17,477$17,163$16,549
3 years$12,196$11,851$11,518$11,198$10,889$10,291
4 years$9,056$8,712$8,382$8,067$7,766$7,189
5 years$7,172$6,830$6,505$6,196$5,904$5,350
6 years$5,917$5,577$5,257$4,955$4,671$4,141
7 years$5,021$4,684$4,369$4,074$3,799$3,292
8 years$4,349$4,015$3,705$3,418$3,152$2,668
9 years$3,826$3,496$3,191$2,911$2,654$2,193
10 years$3,409$3,081$2,782$2,509$2,262$1,823
11 years$3,067$2,743$2,449$2,184$1,945$1,529
12 years$2,783$2,462$2,174$1,916$1,685$1,291
13 years$2,543$2,225$1,942$1,691$1,470$1,097
14 years$2,337$2,022$1,745$1,501$1,288$936
15 years$2,158$1,847$1,575$1,339$1,134$802
16 years$2,003$1,695$1,428$1,199$1,003$689
17 years$1,865$1,561$1,300$1,077$889$594
18 years$1,743$1,442$1,186$971$790$513
19 years$1,634$1,337$1,086$877$705$444
20 years$1,536$1,242$997$794$629$385
21 years$1,448$1,157$917$721$563$334
22 years$1,367$1,080$845$656$505$290
23 years$1,294$1,010$780$597$453$253
24 years$1,227$947$722$544$407$220
25 years$1,165$888$668$497$366$192
26 years$1,109$835$620$455$330$167
27 years$1,056$786$576$416$298$146
28 years$1,007$740$535$381$269$128
29 years$962$698$498$350$243$111
30 years$920$660$464$321$219$97
31 years$881$624$432$295$198$85
32 years$844$590$403$271$179$74
33 years$809$559$377$249$162$65
34 years$777$530$352$229$147$57
35 years$747$502$329$211$133$50
36 years$718$477$308$194$120$44
37 years$691$453$288$179$109$38
38 years$665$430$270$165$99$33
39 years$641$409$253$152$90$29
40 years$618$389$237$140$81$26
41 years$596$371$222$129$74$22
42 years$575$353$208$119$67$20
43 years$556$336$196$110$61$17
44 years$537$321$184$102$55$15
45 years$519$306$172$94$50$13
46 years$502$292$162$87$46$12
47 years$486$278$152$80$41$10
48 years$470$266$143$74$38$9
49 years$456$254$134$69$34$8
50 years$441$242$126$63$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $452,000, adding $3,128 every year, while hoping to spend $29,596 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: 84/5/11 Blend
55$452,000$452,000$452,000$452,000
56$501,331$477,375$470,369$542,288
57$520,976$469,276$454,636$561,447
58$541,634$459,789$437,384$578,202
59$563,376$448,813$418,532$595,703
60$586,280$436,245$397,992$614,007
61$610,431$421,972$375,676$633,178
62$635,923$405,876$351,489$653,285
63$662,857$387,834$325,333$674,403
64$691,343$367,712$297,107$696,618
65$721,502$345,373$266,702$720,021
66$753,467$320,667$234,008$744,713
67$787,380$293,440$198,907$770,808
68$823,400$263,525$161,278$798,429
69$861,699$230,750$120,993$827,710
70$902,465$194,930$77,919$858,803
71$945,905$155,870$31,917$891,872
72$992,244$113,364$0$927,100
73$1,041,731$67,197$0$966,703
74$1,094,635$17,138$0$1,013,014
75$1,151,256$0$0$1,062,548
76$1,211,918$0$0$1,117,630
77$1,276,980$0$0$1,177,723
78$1,346,834$0$0$1,242,248
79$1,421,910$0$0$1,311,603
80$1,502,681$0$0$1,386,226
81$1,589,667$0$0$1,466,596
82$1,683,437$0$0$1,553,242
83$1,784,618$0$0$1,646,743
84$1,893,898$0$0$1,747,736
85$2,012,032$0$0$1,856,921
86$2,139,853$0$0$1,975,066
87$2,278,273$0$0$2,103,017
88$2,428,296$0$0$2,241,704
89$2,591,028$0$0$2,392,149
90$2,767,682$0$0$2,555,475
91$2,959,594$0$0$2,732,919
92$3,168,235$0$0$2,925,842
93$3,395,219$0$0$3,135,739
94$3,642,327$0$0$3,364,256
95$3,911,514$0$0$3,613,205
96$4,204,935$0$0$3,884,580
97$4,524,960$0$0$4,180,574
98$4,874,199$0$0$4,503,601
99$5,255,521$0$0$4,856,321
100$5,672,090$0$0$5,241,659