Can I retire at age 56 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$38,069$37,730$37,399$37,076$36,761$36,514
2 years$18,846$18,495$18,155$17,825$17,505$17,256
3 years$12,439$12,087$11,747$11,421$11,106$10,862
4 years$9,236$8,885$8,549$8,228$7,921$7,685
5 years$7,315$6,966$6,634$6,320$6,021$5,794
6 years$6,035$5,688$5,362$5,054$4,764$4,545
7 years$5,121$4,777$4,456$4,155$3,875$3,664
8 years$4,435$4,095$3,779$3,486$3,215$3,012
9 years$3,903$3,565$3,255$2,969$2,707$2,513
10 years$3,477$3,143$2,837$2,559$2,307$2,121
11 years$3,128$2,798$2,498$2,227$1,984$1,807
12 years$2,838$2,511$2,217$1,954$1,719$1,550
13 years$2,593$2,269$1,981$1,725$1,499$1,338
14 years$2,383$2,063$1,780$1,531$1,314$1,161
15 years$2,201$1,884$1,607$1,365$1,157$1,011
16 years$2,042$1,729$1,457$1,223$1,023$884
17 years$1,902$1,592$1,326$1,099$907$776
18 years$1,778$1,471$1,210$990$806$682
19 years$1,667$1,364$1,108$895$719$601
20 years$1,567$1,267$1,017$810$642$531
21 years$1,476$1,180$935$735$574$469
22 years$1,395$1,102$862$669$515$416
23 years$1,320$1,030$796$609$462$369
24 years$1,251$965$736$555$415$328
25 years$1,189$906$682$507$374$291
26 years$1,131$851$632$464$337$259
27 years$1,077$801$587$424$304$231
28 years$1,027$755$546$389$274$206
29 years$981$712$508$357$247$183
30 years$938$673$473$327$223$163
31 years$898$636$441$301$202$146
32 years$861$602$411$276$183$130
33 years$826$570$384$254$165$116
34 years$793$540$359$234$150$104
35 years$761$512$336$215$136$93
36 years$732$486$314$198$123$83
37 years$705$462$294$183$111$74
38 years$678$439$275$168$101$66
39 years$654$417$258$155$92$59
40 years$630$397$242$143$83$53
41 years$608$378$227$132$75$48
42 years$587$360$213$122$68$43
43 years$567$343$199$112$62$38
44 years$548$327$187$104$56$34
45 years$530$312$176$96$51$31
46 years$512$297$165$89$46$27
47 years$496$284$155$82$42$25
48 years$480$271$146$76$38$22
49 years$465$259$137$70$35$20
50 years$450$247$129$65$32$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $461,000, adding $2,131 every year, while hoping to spend $38,270 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: 30/49/21 Blend
55$461,000$461,000$461,000$461,000
56$510,220$485,787$478,642$522,125
57$521,544$468,872$453,957$514,462
58$532,739$449,845$427,163$502,647
59$543,754$428,563$398,148$489,133
60$554,528$404,873$366,797$473,798
61$564,992$378,614$332,987$456,510
62$575,072$349,617$296,593$437,128
63$584,683$317,701$257,482$415,504
64$593,728$282,677$215,516$391,479
65$602,103$244,342$170,550$364,882
66$609,688$202,486$122,434$335,533
67$616,351$156,882$71,011$303,240
68$621,945$107,296$16,115$267,794
69$626,305$53,475$0$228,978
70$629,249$0$0$196,070
71$630,574$0$0$166,390
72$630,053$0$0$164,892
73$627,437$0$0$162,660
74$622,448$0$0$159,601
75$614,777$0$0$155,610
76$604,081$0$0$150,573
77$589,982$0$0$144,365
78$572,061$0$0$136,843
79$549,851$0$0$127,854
80$522,838$0$0$117,224
81$490,452$0$0$104,766
82$452,062$0$0$90,267
83$406,972$0$0$73,496
84$354,410$0$0$54,195
85$293,524$0$0$32,083
86$223,370$0$0$6,844
87$142,907$0$0$0
88$50,986$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0