Can I retire at age 56 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$33,279$32,983$32,694$32,411$32,136$31,513
2 years$16,475$16,168$15,871$15,582$15,303$14,678
3 years$10,874$10,566$10,269$9,984$9,709$9,101
4 years$8,074$7,767$7,474$7,193$6,924$6,339
5 years$6,395$6,090$5,800$5,525$5,264$4,702
6 years$5,276$4,973$4,687$4,418$4,165$3,627
7 years$4,476$4,176$3,895$3,632$3,387$2,874
8 years$3,877$3,580$3,303$3,047$2,810$2,321
9 years$3,412$3,117$2,845$2,595$2,366$1,902
10 years$3,039$2,747$2,480$2,237$2,016$1,575
11 years$2,735$2,446$2,184$1,947$1,734$1,316
12 years$2,481$2,195$1,938$1,708$1,503$1,107
13 years$2,267$1,984$1,731$1,508$1,310$936
14 years$2,083$1,803$1,556$1,338$1,149$796
15 years$1,924$1,647$1,405$1,194$1,011$679
16 years$1,785$1,511$1,273$1,069$894$581
17 years$1,663$1,392$1,159$960$793$498
18 years$1,554$1,286$1,058$865$705$429
19 years$1,457$1,192$968$782$628$369
20 years$1,370$1,108$889$708$561$319
21 years$1,291$1,032$817$643$502$275
22 years$1,219$963$753$584$450$238
23 years$1,154$901$696$532$404$206
24 years$1,094$844$643$485$363$179
25 years$1,039$792$596$443$327$155
26 years$988$744$553$405$294$135
27 years$942$701$513$371$265$117
28 years$898$660$477$340$239$102
29 years$858$623$444$312$216$88
30 years$820$588$414$286$195$77
31 years$785$556$386$263$177$67
32 years$752$526$360$241$160$58
33 years$722$498$336$222$145$51
34 years$693$472$314$204$131$44
35 years$666$448$293$188$119$38
36 years$640$425$274$173$107$33
37 years$616$404$257$160$97$29
38 years$593$384$241$147$88$25
39 years$571$365$225$136$80$22
40 years$551$347$211$125$73$19
41 years$532$330$198$115$66$17
42 years$513$315$186$107$60$15
43 years$496$300$174$98$54$13
44 years$479$286$164$91$49$11
45 years$463$273$154$84$45$10
46 years$448$260$144$77$41$8
47 years$433$248$136$72$37$7
48 years$419$237$127$66$33$6
49 years$406$226$120$61$30$6
50 years$393$216$113$56$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $403,000, adding $5,221 every year, while hoping to spend $24,672 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: 44/42/14 Blend
55$403,000$403,000$403,000$403,000
56$449,491$428,132$421,886$467,241
57$469,089$422,860$409,768$474,886
58$489,858$416,503$396,418$480,282
59$511,893$408,981$381,767$485,593
60$535,296$400,210$365,746$490,820
61$560,178$390,102$348,280$495,968
62$586,662$378,563$329,294$501,044
63$614,881$365,493$308,705$506,057
64$644,984$350,787$286,431$511,021
65$677,129$334,332$262,383$515,950
66$711,493$316,011$236,470$520,866
67$748,269$295,700$208,596$525,793
68$787,669$273,265$178,660$530,761
69$829,925$248,569$146,559$535,806
70$875,290$221,462$112,182$540,970
71$924,046$191,790$75,416$546,305
72$976,498$159,387$36,142$551,869
73$1,032,984$124,080$0$557,731
74$1,093,873$85,684$0$564,833
75$1,159,572$44,006$0$578,222
76$1,230,526$0$0$592,620
77$1,307,228$0$0$608,705
78$1,390,216$0$0$648,152
79$1,480,082$0$0$690,909
80$1,577,479$0$0$737,292
81$1,683,122$0$0$787,647
82$1,797,801$0$0$842,356
83$1,922,381$0$0$901,838
84$2,057,817$0$0$966,554
85$2,205,156$0$0$1,037,011
86$2,365,554$0$0$1,113,770
87$2,540,279$0$0$1,197,444
88$2,730,730$0$0$1,288,710
89$2,938,444$0$0$1,388,312
90$3,165,115$0$0$1,497,071
91$3,412,604$0$0$1,615,888
92$3,682,964$0$0$1,745,757
93$3,978,451$0$0$1,887,772
94$4,301,554$0$0$2,043,137
95$4,655,007$0$0$2,213,178
96$5,041,826$0$0$2,399,354
97$5,465,329$0$0$2,603,274
98$5,929,170$0$0$2,826,709
99$6,437,373$0$0$3,071,607
100$6,994,371$0$0$3,340,118