Can I retire at age 56 with 464,000?

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 $464,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$38,317$37,975$37,642$37,317$37,000$36,675
2 years$18,969$18,615$18,273$17,941$17,619$17,291
3 years$12,520$12,165$11,824$11,495$11,178$10,858
4 years$9,297$8,943$8,605$8,282$7,972$7,662
5 years$7,363$7,011$6,678$6,361$6,061$5,761
6 years$6,074$5,725$5,397$5,087$4,795$4,508
7 years$5,154$4,808$4,485$4,182$3,900$3,624
8 years$4,464$4,121$3,803$3,508$3,235$2,971
9 years$3,928$3,588$3,276$2,988$2,725$2,472
10 years$3,499$3,163$2,856$2,576$2,322$2,080
11 years$3,149$2,816$2,514$2,242$1,997$1,766
12 years$2,857$2,527$2,231$1,966$1,730$1,510
13 years$2,610$2,284$1,994$1,736$1,509$1,300
14 years$2,399$2,076$1,791$1,541$1,323$1,124
15 years$2,216$1,897$1,617$1,374$1,165$976
16 years$2,056$1,740$1,466$1,231$1,029$850
17 years$1,915$1,603$1,334$1,106$913$743
18 years$1,789$1,481$1,218$996$811$651
19 years$1,678$1,372$1,115$900$723$572
20 years$1,577$1,275$1,023$815$646$503
21 years$1,486$1,188$941$740$578$443
22 years$1,404$1,109$867$673$518$391
23 years$1,328$1,037$801$613$465$346
24 years$1,260$972$741$559$418$306
25 years$1,196$912$686$510$376$271
26 years$1,138$857$636$467$339$240
27 years$1,084$807$591$427$306$213
28 years$1,034$760$549$391$276$189
29 years$988$717$511$359$249$168
30 years$945$677$476$329$225$149
31 years$904$640$444$303$203$132
32 years$866$606$414$278$184$118
33 years$831$574$387$256$166$105
34 years$798$544$361$235$151$93
35 years$766$516$338$217$137$83
36 years$737$489$316$199$124$74
37 years$709$465$296$184$112$66
38 years$683$442$277$169$102$59
39 years$658$420$259$156$92$52
40 years$634$400$243$144$84$47
41 years$612$380$228$133$76$41
42 years$591$362$214$123$69$37
43 years$571$345$201$113$62$33
44 years$551$329$188$105$57$29
45 years$533$314$177$97$51$26
46 years$515$299$166$89$47$23
47 years$499$286$156$82$42$21
48 years$483$273$147$76$39$19
49 years$468$260$138$70$35$17
50 years$453$249$130$65$32$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $464,000, adding $5,772 every year, while hoping to spend $24,669 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: 46/28/26 Blend
55$464,000$464,000$464,000$464,000
56$517,282$492,690$485,498$536,979
57$543,797$490,584$475,514$549,352
58$572,190$487,548$464,370$559,915
59$602,626$483,511$451,999$570,893
60$635,287$478,396$438,334$582,336
61$670,372$472,123$423,304$594,303
62$708,099$464,606$406,834$606,860
63$748,709$455,756$388,847$620,080
64$792,466$445,477$369,261$634,048
65$839,658$433,666$347,993$648,858
66$890,605$420,217$324,952$664,616
67$945,655$405,016$300,046$681,440
68$1,005,192$387,942$273,178$699,465
69$1,069,640$368,869$244,248$718,839
70$1,139,462$347,662$213,148$739,731
71$1,215,168$324,179$179,770$762,326
72$1,297,319$298,268$143,997$786,836
73$1,386,534$269,771$105,709$813,494
74$1,483,490$238,520$64,780$842,560
75$1,588,936$204,337$21,079$874,326
76$1,703,691$167,034$0$909,117
77$1,828,662$126,412$0$954,385
78$1,964,842$82,263$0$1,010,143
79$2,113,326$34,364$0$1,071,028
80$2,275,320$0$0$1,137,581
81$2,452,150$0$0$1,215,800
82$2,645,277$0$0$1,312,842
83$2,856,307$0$0$1,418,932
84$3,087,010$0$0$1,534,967
85$3,339,335$0$0$1,661,934
86$3,615,427$0$0$1,800,918
87$3,917,647$0$0$1,953,118
88$4,248,598$0$0$2,119,850
89$4,611,143$0$0$2,302,565
90$5,008,438$0$0$2,502,861
91$5,443,955$0$0$2,722,500
92$5,921,522$0$0$2,963,418
93$6,445,353$0$0$3,227,751
94$7,020,089$0$0$3,517,851
95$7,650,844$0$0$3,836,309
96$8,343,248$0$0$4,185,978
97$9,103,507$0$0$4,570,002
98$9,938,453$0$0$4,991,843
99$10,855,616$0$0$5,455,317
100$11,863,287$0$0$5,964,626