Can I retire at age 56 with 413,000?

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 $413,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$34,105$33,801$33,505$33,216$32,933$32,726
2 years$16,884$16,569$16,265$15,969$15,682$15,473
3 years$11,144$10,828$10,524$10,232$9,950$9,745
4 years$8,275$7,960$7,659$7,371$7,096$6,898
5 years$6,554$6,241$5,944$5,662$5,394$5,203
6 years$5,407$5,096$4,803$4,528$4,268$4,084
7 years$4,588$4,280$3,992$3,723$3,471$3,294
8 years$3,974$3,668$3,385$3,123$2,880$2,710
9 years$3,496$3,194$2,916$2,660$2,425$2,262
10 years$3,115$2,815$2,542$2,293$2,066$1,910
11 years$2,803$2,506$2,238$1,995$1,777$1,628
12 years$2,543$2,250$1,986$1,750$1,540$1,398
13 years$2,323$2,033$1,774$1,545$1,343$1,207
14 years$2,135$1,848$1,594$1,372$1,177$1,048
15 years$1,972$1,688$1,439$1,223$1,037$914
16 years$1,830$1,549$1,305$1,095$916$800
17 years$1,704$1,426$1,188$984$812$702
18 years$1,593$1,318$1,084$887$722$617
19 years$1,493$1,222$992$801$644$545
20 years$1,404$1,135$911$726$575$481
21 years$1,323$1,057$838$659$515$426
22 years$1,249$987$772$599$461$378
23 years$1,182$923$713$545$414$335
24 years$1,121$865$659$498$372$298
25 years$1,065$812$611$454$335$265
26 years$1,013$763$566$415$302$236
27 years$965$718$526$380$272$210
28 years$920$676$489$348$245$188
29 years$879$638$455$319$222$167
30 years$841$603$424$293$200$149
31 years$805$570$395$269$181$133
32 years$771$539$369$247$164$119
33 years$740$511$344$228$148$107
34 years$710$484$322$209$134$95
35 years$682$459$301$193$122$85
36 years$656$436$281$178$110$76
37 years$631$414$263$164$100$68
38 years$608$393$247$151$90$61
39 years$586$374$231$139$82$55
40 years$565$356$216$128$74$49
41 years$545$339$203$118$68$44
42 years$526$322$190$109$61$39
43 years$508$307$179$101$56$35
44 years$491$293$168$93$50$32
45 years$474$279$157$86$46$28
46 years$459$266$148$79$42$25
47 years$444$254$139$73$38$23
48 years$430$243$131$68$34$20
49 years$416$232$123$63$31$18
50 years$403$221$115$58$28$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $413,000, adding $5,607 every year, while hoping to spend $30,664 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: 78/14/8 Blend
55$413,000$413,000$413,000$413,000
56$460,910$439,021$432,619$495,908
57$475,296$427,906$414,486$508,565
58$490,122$415,220$394,717$517,903
59$505,401$400,851$373,226$527,243
60$521,144$384,686$349,921$536,571
61$537,365$366,600$324,708$545,874
62$554,077$346,464$297,487$555,135
63$571,294$324,142$268,154$564,338
64$589,029$299,488$236,600$573,463
65$607,296$272,349$202,712$582,491
66$626,109$242,563$166,372$591,400
67$645,483$209,958$127,455$600,168
68$665,431$174,355$85,834$608,769
69$685,968$135,562$41,373$617,178
70$707,109$93,377$0$625,365
71$728,869$47,586$0$633,818
72$751,261$0$0$645,788
73$774,300$0$0$658,032
74$798,002$0$0$678,168
75$822,380$0$0$698,877
76$847,449$0$0$720,173
77$873,221$0$0$742,066
78$899,712$0$0$764,568
79$926,934$0$0$787,690
80$954,898$0$0$811,442
81$983,618$0$0$835,833
82$1,013,104$0$0$860,875
83$1,043,366$0$0$886,573
84$1,074,413$0$0$912,936
85$1,106,252$0$0$939,970
86$1,138,889$0$0$967,680
87$1,172,330$0$0$996,070
88$1,206,575$0$0$1,025,139
89$1,241,625$0$0$1,054,890
90$1,277,478$0$0$1,085,318
91$1,314,128$0$0$1,116,419
92$1,351,566$0$0$1,148,185
93$1,389,780$0$0$1,180,605
94$1,428,753$0$0$1,213,664
95$1,468,463$0$0$1,247,342
96$1,508,884$0$0$1,281,618
97$1,549,983$0$0$1,316,461
98$1,591,721$0$0$1,351,838
99$1,634,050$0$0$1,387,708
100$1,676,917$0$0$1,424,023