Can I retire at age 56 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$37,573$37,239$36,912$36,594$36,282$35,277
2 years$18,601$18,254$17,919$17,593$17,277$16,271
3 years$12,277$11,929$11,595$11,272$10,961$9,987
4 years$9,116$8,769$8,438$8,121$7,818$6,882
5 years$7,220$6,875$6,548$6,238$5,943$5,049
6 years$5,956$5,614$5,292$4,988$4,702$3,851
7 years$5,054$4,715$4,398$4,101$3,824$3,015
8 years$4,378$4,041$3,729$3,440$3,173$2,405
9 years$3,852$3,519$3,212$2,930$2,672$1,946
10 years$3,431$3,102$2,800$2,526$2,277$1,591
11 years$3,088$2,761$2,465$2,198$1,958$1,311
12 years$2,801$2,478$2,188$1,928$1,697$1,088
13 years$2,559$2,240$1,955$1,702$1,480$908
14 years$2,352$2,036$1,756$1,511$1,297$760
15 years$2,173$1,860$1,586$1,348$1,142$639
16 years$2,016$1,706$1,438$1,207$1,009$539
17 years$1,878$1,571$1,308$1,084$895$455
18 years$1,755$1,452$1,194$977$796$386
19 years$1,645$1,346$1,093$883$709$327
20 years$1,546$1,251$1,003$800$633$278
21 years$1,457$1,165$923$726$567$236
22 years$1,376$1,087$851$660$508$201
23 years$1,303$1,017$785$601$456$171
24 years$1,235$953$726$548$410$146
25 years$1,173$894$673$501$369$125
26 years$1,116$840$624$458$332$106
27 years$1,063$791$579$419$300$91
28 years$1,014$745$539$384$270$78
29 years$969$703$501$352$244$66
30 years$926$664$467$323$221$57
31 years$887$628$435$297$199$48
32 years$850$594$406$273$180$41
33 years$815$562$379$251$163$35
34 years$782$533$354$231$148$30
35 years$752$506$331$212$134$26
36 years$723$480$310$196$121$22
37 years$695$456$290$180$110$19
38 years$670$433$272$166$100$16
39 years$645$412$254$153$90$14
40 years$622$392$239$141$82$12
41 years$600$373$224$130$74$10
42 years$579$355$210$120$67$9
43 years$559$338$197$111$61$7
44 years$541$323$185$103$56$6
45 years$523$308$174$95$50$5
46 years$505$294$163$87$46$5
47 years$489$280$153$81$42$4
48 years$473$267$144$75$38$3
49 years$459$255$135$69$34$3
50 years$444$244$127$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $455,000, adding $5,347 every year, while hoping to spend $21,286 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: 71/19/10 Blend
55$455,000$455,000$455,000$455,000
56$506,925$482,810$475,758$541,558
57$535,984$483,820$469,048$566,198
58$567,292$484,166$461,399$590,033
59$601,059$483,792$452,759$615,548
60$637,510$482,642$443,070$642,902
61$676,897$480,652$432,273$672,273
62$719,493$477,756$420,307$703,856
63$765,601$473,886$407,107$737,868
64$815,553$468,967$392,605$774,545
65$869,714$462,920$376,732$814,151
66$928,484$455,663$359,412$856,975
67$992,306$447,107$340,569$903,339
68$1,061,665$437,160$320,122$953,593
69$1,137,095$425,721$297,986$1,008,129
70$1,219,184$412,686$274,074$1,067,376
71$1,308,579$397,945$248,293$1,131,808
72$1,405,990$381,381$220,547$1,201,949
73$1,512,201$362,869$190,736$1,278,377
74$1,628,074$342,278$158,754$1,361,729
75$1,754,557$319,469$124,492$1,452,708
76$1,892,695$294,296$87,835$1,552,090
77$2,043,637$266,604$48,665$1,660,732
78$2,208,648$236,227$6,855$1,779,577
79$2,389,122$202,995$0$1,909,670
80$2,586,593$166,722$0$2,056,187
81$2,802,750$127,216$0$2,217,412
82$3,039,454$84,272$0$2,394,027
83$3,298,752$37,675$0$2,587,592
84$3,582,901$0$0$2,799,825
85$3,894,384$0$0$3,035,301
86$4,235,939$0$0$3,302,170
87$4,610,578$0$0$3,594,914
88$5,021,622$0$0$3,916,129
89$5,472,727$0$0$4,268,677
90$5,967,920$0$0$4,655,706
91$6,511,636$0$0$5,080,689
92$7,108,764$0$0$5,547,449
93$7,764,687$0$0$6,060,196
94$8,485,335$0$0$6,623,572
95$9,277,242$0$0$7,242,686
96$10,147,605$0$0$7,923,171
97$11,104,353$0$0$8,671,230
98$12,156,224$0$0$9,493,698
99$13,312,840$0$0$10,398,104
100$14,584,807$0$0$11,392,745