Can I retire at age 56 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$35,509$35,193$34,884$34,583$34,289$33,258
2 years$17,579$17,251$16,934$16,626$16,328$15,298
3 years$11,603$11,274$10,957$10,653$10,359$9,362
4 years$8,615$8,288$7,974$7,675$7,388$6,432
5 years$6,823$6,498$6,188$5,895$5,616$4,704
6 years$5,629$5,306$5,001$4,714$4,444$3,576
7 years$4,776$4,456$4,156$3,876$3,614$2,790
8 years$4,137$3,819$3,525$3,251$2,998$2,218
9 years$3,640$3,325$3,036$2,769$2,525$1,788
10 years$3,243$2,931$2,647$2,387$2,151$1,456
11 years$2,918$2,610$2,330$2,078$1,850$1,196
12 years$2,648$2,342$2,068$1,822$1,603$988
13 years$2,419$2,117$1,847$1,609$1,398$821
14 years$2,223$1,924$1,660$1,428$1,226$685
15 years$2,053$1,758$1,499$1,274$1,079$573
16 years$1,905$1,613$1,359$1,140$954$481
17 years$1,774$1,485$1,236$1,025$846$405
18 years$1,658$1,372$1,129$923$752$341
19 years$1,555$1,272$1,033$834$670$288
20 years$1,461$1,182$948$756$599$244
21 years$1,377$1,101$872$686$536$206
22 years$1,301$1,028$804$624$480$175
23 years$1,231$961$742$568$431$148
24 years$1,167$900$686$518$387$126
25 years$1,109$845$636$473$349$107
26 years$1,055$794$590$433$314$91
27 years$1,005$747$548$396$283$77
28 years$958$704$509$363$255$66
29 years$915$664$474$333$231$56
30 years$875$627$441$305$208$47
31 years$838$593$411$280$188$40
32 years$803$561$384$258$170$34
33 years$770$532$358$237$154$29
34 years$739$504$335$218$140$25
35 years$710$478$313$201$127$21
36 years$683$454$293$185$115$18
37 years$657$431$274$170$104$15
38 years$633$409$257$157$94$13
39 years$610$389$240$145$85$11
40 years$588$370$225$133$77$9
41 years$567$353$211$123$70$8
42 years$547$336$198$114$64$7
43 years$529$320$186$105$58$6
44 years$511$305$175$97$53$5
45 years$494$291$164$89$48$4
46 years$478$277$154$83$43$4
47 years$462$265$145$76$39$3
48 years$447$253$136$71$36$3
49 years$433$241$128$65$32$2
50 years$420$231$120$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $430,000, adding $6,184 every year, while hoping to spend $25,485 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: 69/17/14 Blend
55$430,000$430,000$430,000$430,000
56$480,239$457,449$450,784$511,433
57$502,107$452,748$438,769$528,278
58$525,352$446,963$425,498$543,072
59$550,087$440,013$410,901$558,602
60$576,436$431,813$394,906$574,937
61$604,535$422,275$377,439$592,153
62$634,534$411,302$358,418$610,335
63$666,595$398,794$337,764$629,577
64$700,897$384,645$315,388$649,985
65$737,636$368,741$291,202$671,674
66$777,029$350,962$265,111$694,773
67$819,310$331,184$237,017$719,425
68$864,739$309,272$206,816$745,788
69$913,601$285,084$174,403$774,038
70$966,207$258,472$139,664$804,371
71$1,022,901$229,278$102,484$837,000
72$1,084,059$197,335$62,739$872,166
73$1,150,095$162,466$20,303$910,134
74$1,221,464$124,486$0$951,197
75$1,298,665$83,198$0$999,411
76$1,382,248$38,394$0$1,054,885
77$1,472,817$0$0$1,115,001
78$1,571,035$0$0$1,182,121
79$1,677,634$0$0$1,262,784
80$1,793,415$0$0$1,350,417
81$1,919,264$0$0$1,445,692
82$2,056,150$0$0$1,549,347
83$2,205,145$0$0$1,662,195
84$2,367,424$0$0$1,785,131
85$2,544,282$0$0$1,919,137
86$2,737,144$0$0$2,065,298
87$2,947,578$0$0$2,224,805
88$3,177,311$0$0$2,398,970
89$3,428,243$0$0$2,589,238
90$3,702,465$0$0$2,797,199
91$4,002,282$0$0$3,024,604
92$4,330,227$0$0$3,273,380
93$4,689,094$0$0$3,545,649
94$5,081,957$0$0$3,843,749
95$5,512,200$0$0$4,170,253
96$5,983,553$0$0$4,527,995
97$6,500,121$0$0$4,920,097
98$7,066,426$0$0$5,349,996
99$7,687,447$0$0$5,821,478
100$8,368,670$0$0$6,338,713