Can I retire at age 56 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$38,564$38,221$37,886$37,559$37,239$36,698
2 years$19,091$18,736$18,391$18,057$17,733$17,189
3 years$12,601$12,244$11,900$11,569$11,251$10,720
4 years$9,357$9,001$8,660$8,335$8,024$7,512
5 years$7,410$7,057$6,721$6,402$6,100$5,607
6 years$6,113$5,762$5,431$5,120$4,826$4,354
7 years$5,187$4,839$4,514$4,209$3,925$3,473
8 years$4,493$4,148$3,828$3,531$3,256$2,824
9 years$3,953$3,612$3,297$3,008$2,742$2,331
10 years$3,522$3,183$2,874$2,593$2,337$1,945
11 years$3,169$2,834$2,531$2,256$2,010$1,637
12 years$2,875$2,544$2,246$1,979$1,741$1,388
13 years$2,627$2,299$2,006$1,747$1,519$1,183
14 years$2,414$2,089$1,803$1,551$1,331$1,014
15 years$2,230$1,909$1,628$1,383$1,172$872
16 years$2,069$1,751$1,476$1,239$1,036$752
17 years$1,927$1,613$1,343$1,113$918$651
18 years$1,801$1,490$1,226$1,003$817$565
19 years$1,688$1,381$1,122$906$728$491
20 years$1,587$1,284$1,030$821$650$428
21 years$1,496$1,196$947$745$582$373
22 years$1,413$1,116$873$677$522$326
23 years$1,337$1,044$806$617$468$285
24 years$1,268$978$746$563$421$249
25 years$1,204$918$691$514$379$218
26 years$1,145$863$640$470$341$191
27 years$1,091$812$595$430$308$168
28 years$1,041$765$553$394$277$147
29 years$994$722$514$361$251$129
30 years$951$681$479$332$226$113
31 years$910$644$447$304$205$100
32 years$872$610$417$280$185$88
33 years$836$577$389$257$168$77
34 years$803$547$364$237$152$68
35 years$771$519$340$218$137$60
36 years$742$493$318$201$124$52
37 years$714$468$298$185$113$46
38 years$687$445$279$170$102$41
39 years$662$423$261$157$93$36
40 years$638$402$245$145$84$31
41 years$616$383$230$134$76$28
42 years$595$365$215$123$69$24
43 years$574$347$202$114$63$21
44 years$555$331$190$105$57$19
45 years$536$316$178$97$52$17
46 years$519$301$167$90$47$15
47 years$502$287$157$83$43$13
48 years$486$274$148$77$39$11
49 years$471$262$139$71$35$10
50 years$456$250$130$65$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $467,000, adding $4,106 every year, while hoping to spend $27,497 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: 30/42/28 Blend
55$467,000$467,000$467,000$467,000
56$518,869$494,118$486,880$529,874
57$542,537$489,074$473,934$533,758
58$567,698$482,860$459,632$535,255
59$594,474$475,391$443,901$536,322
60$623,002$466,576$426,663$536,941
61$653,427$456,318$407,835$537,092
62$685,912$444,513$387,333$536,762
63$720,635$431,054$365,069$535,933
64$757,790$415,825$340,948$534,594
65$797,589$398,705$314,875$532,734
66$840,266$379,565$286,746$530,342
67$886,079$358,269$256,458$527,414
68$935,307$334,673$223,898$523,946
69$988,261$308,624$188,950$519,942
70$1,045,279$279,962$151,495$515,406
71$1,106,733$248,516$111,406$510,351
72$1,173,033$214,107$68,552$504,795
73$1,244,628$176,544$22,794$498,762
74$1,322,012$135,626$0$492,286
75$1,405,728$91,143$0$493,190
76$1,496,373$42,869$0$501,520
77$1,594,601$0$0$510,572
78$1,701,136$0$0$524,832
79$1,816,769$0$0$561,877
80$1,942,374$0$0$602,182
81$2,078,910$0$0$646,062
82$2,227,432$0$0$693,864
83$2,389,103$0$0$745,973
84$2,565,199$0$0$802,809
85$2,757,129$0$0$864,836
86$2,966,439$0$0$932,564
87$3,194,834$0$0$1,006,554
88$3,444,188$0$0$1,087,427
89$3,716,565$0$0$1,175,861
90$4,014,239$0$0$1,272,608
91$4,339,711$0$0$1,378,492
92$4,695,736$0$0$1,494,423
93$5,085,347$0$0$1,621,402
94$5,511,883$0$0$1,760,530
95$5,979,022$0$0$1,913,023
96$6,490,815$0$0$2,080,217
97$7,051,722$0$0$2,263,585
98$7,666,655$0$0$2,464,749
99$8,341,025$0$0$2,685,495
100$9,080,789$0$0$2,927,792