Can I retire at age 56 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$34,270$33,965$33,667$33,377$33,093$32,306
2 years$16,966$16,650$16,343$16,046$15,758$14,970
3 years$11,198$10,881$10,575$10,281$9,998$9,233
4 years$8,315$7,998$7,696$7,407$7,131$6,395
5 years$6,585$6,271$5,972$5,689$5,420$4,716
6 years$5,433$5,121$4,827$4,550$4,289$3,617
7 years$4,610$4,300$4,011$3,741$3,488$2,848
8 years$3,993$3,686$3,402$3,138$2,894$2,285
9 years$3,513$3,209$2,930$2,673$2,437$1,860
10 years$3,130$2,829$2,554$2,304$2,076$1,530
11 years$2,816$2,518$2,249$2,005$1,786$1,269
12 years$2,555$2,260$1,996$1,759$1,548$1,060
13 years$2,334$2,043$1,783$1,553$1,349$890
14 years$2,145$1,857$1,602$1,378$1,183$751
15 years$1,982$1,696$1,446$1,229$1,042$636
16 years$1,839$1,556$1,311$1,101$921$540
17 years$1,712$1,433$1,193$989$816$460
18 years$1,600$1,324$1,089$891$726$392
19 years$1,500$1,227$997$805$647$335
20 years$1,410$1,141$915$729$578$287
21 years$1,329$1,062$842$662$517$246
22 years$1,255$992$776$602$463$211
23 years$1,188$928$716$548$416$181
24 years$1,127$869$663$500$374$156
25 years$1,070$816$614$457$336$134
26 years$1,018$767$569$417$303$115
27 years$970$721$528$382$273$99
28 years$925$680$491$350$247$85
29 years$883$641$457$321$223$74
30 years$845$606$426$295$201$63
31 years$809$572$397$271$182$55
32 years$775$542$370$249$165$47
33 years$743$513$346$229$149$41
34 years$713$486$323$210$135$35
35 years$685$461$302$194$122$30
36 years$659$438$283$178$111$26
37 years$634$416$265$164$100$23
38 years$611$395$248$151$91$19
39 years$588$376$232$140$82$17
40 years$567$357$218$129$75$14
41 years$547$340$204$119$68$13
42 years$528$324$191$110$62$11
43 years$510$309$180$101$56$9
44 years$493$294$169$94$51$8
45 years$477$281$158$86$46$7
46 years$461$268$149$80$42$6
47 years$446$255$140$74$38$5
48 years$432$244$131$68$34$4
49 years$418$233$123$63$31$4
50 years$405$222$116$58$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $415,000, adding $3,527 every year, while hoping to spend $21,805 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: 49/33/18 Blend
55$415,000$415,000$415,000$415,000
56$460,968$438,973$432,541$481,076
57$484,786$437,282$423,830$493,669
58$510,304$434,778$414,098$504,823
59$537,670$431,397$403,285$516,472
60$567,049$427,073$391,332$528,673
61$598,624$421,735$378,177$541,485
62$632,591$415,308$363,754$554,979
63$669,170$407,713$347,995$569,231
64$708,600$398,865$330,827$584,329
65$751,143$388,676$312,176$600,371
66$797,090$377,051$291,963$617,464
67$846,757$363,890$270,108$635,731
68$900,493$349,087$246,523$655,308
69$958,682$332,532$221,121$676,347
70$1,021,747$314,105$193,808$699,017
71$1,090,150$293,681$164,485$723,507
72$1,164,402$271,128$133,052$750,029
73$1,245,064$246,307$99,403$778,816
74$1,332,754$219,069$63,426$810,132
75$1,428,149$189,258$25,005$844,266
76$1,531,998$156,709$0$881,542
77$1,645,122$121,248$0$925,394
78$1,768,425$82,690$0$978,473
79$1,902,904$40,841$0$1,036,442
80$2,049,654$0$0$1,099,823
81$2,209,881$0$0$1,170,825
82$2,384,913$0$0$1,264,631
83$2,576,211$0$0$1,367,198
84$2,785,384$0$0$1,479,395
85$3,014,205$0$0$1,602,177
86$3,264,624$0$0$1,736,597
87$3,538,790$0$0$1,883,814
88$3,839,067$0$0$2,045,106
89$4,168,061$0$0$2,221,877
90$4,528,641$0$0$2,415,676
91$4,923,966$0$0$2,628,208
92$5,357,517$0$0$2,861,352
93$5,833,126$0$0$3,117,176
94$6,355,015$0$0$3,397,958
95$6,927,835$0$0$3,706,210
96$7,556,707$0$0$4,044,696
97$8,247,275$0$0$4,416,462
98$9,005,754$0$0$4,824,863
99$9,838,991$0$0$5,273,596
100$10,754,529$0$0$5,766,731