Can I retire at age 56 with 436,000?

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 $436,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$36,004$35,684$35,371$35,065$34,767$34,304
2 years$17,824$17,492$17,170$16,858$16,556$16,090
3 years$11,765$11,431$11,110$10,801$10,504$10,050
4 years$8,736$8,403$8,085$7,782$7,491$7,053
5 years$6,919$6,588$6,275$5,977$5,695$5,273
6 years$5,708$5,380$5,071$4,780$4,506$4,101
7 years$4,843$4,518$4,214$3,930$3,665$3,277
8 years$4,195$3,873$3,574$3,297$3,040$2,669
9 years$3,691$3,372$3,078$2,808$2,560$2,206
10 years$3,288$2,972$2,684$2,421$2,181$1,844
11 years$2,959$2,646$2,363$2,107$1,876$1,555
12 years$2,684$2,375$2,097$1,848$1,626$1,321
13 years$2,453$2,146$1,873$1,631$1,418$1,129
14 years$2,254$1,951$1,683$1,448$1,243$969
15 years$2,082$1,782$1,520$1,291$1,094$835
16 years$1,932$1,635$1,378$1,156$967$722
17 years$1,799$1,506$1,254$1,039$858$626
18 years$1,681$1,391$1,144$936$762$545
19 years$1,576$1,290$1,048$846$680$474
20 years$1,482$1,198$962$766$607$414
21 years$1,396$1,116$884$695$543$362
22 years$1,319$1,042$815$632$487$317
23 years$1,248$974$753$576$437$278
24 years$1,184$913$696$525$393$243
25 years$1,124$857$645$480$354$214
26 years$1,069$805$598$439$318$188
27 years$1,019$758$555$401$287$165
28 years$972$714$516$368$259$145
29 years$928$674$480$337$234$128
30 years$888$636$447$310$211$113
31 years$850$601$417$284$191$99
32 years$814$569$389$261$173$87
33 years$781$539$363$240$156$77
34 years$750$511$340$221$142$68
35 years$720$484$317$203$128$60
36 years$692$460$297$187$116$53
37 years$666$437$278$173$105$47
38 years$642$415$260$159$96$41
39 years$618$395$244$147$87$36
40 years$596$376$229$135$79$32
41 years$575$357$214$125$71$28
42 years$555$340$201$115$65$25
43 years$536$324$189$106$59$22
44 years$518$309$177$98$53$19
45 years$501$295$166$91$48$17
46 years$484$281$156$84$44$15
47 years$469$268$147$77$40$13
48 years$454$256$138$72$36$12
49 years$439$245$130$66$33$10
50 years$426$234$122$61$30$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $436,000, adding $4,401 every year, while hoping to spend $30,988 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: 69/8/23 Blend
55$436,000$436,000$436,000$436,000
56$485,012$461,904$455,146$515,374
57$501,512$451,566$437,422$525,916
58$518,656$439,683$418,066$533,440
59$536,479$426,147$396,990$540,933
60$555,013$410,842$374,104$548,393
61$574,299$393,647$349,310$555,814
62$594,376$374,435$322,511$563,194
63$615,288$353,068$293,600$570,529
64$637,082$329,402$262,471$577,818
65$659,809$303,287$229,008$585,059
66$683,522$274,562$193,093$592,251
67$708,282$243,055$154,602$599,397
68$734,150$208,589$113,405$606,498
69$761,197$170,973$69,367$613,559
70$789,495$130,007$22,347$620,585
71$819,126$85,479$0$627,585
72$850,175$37,166$0$641,401
73$882,738$0$0$661,511
74$916,916$0$0$683,819
75$952,821$0$0$710,699
76$990,573$0$0$738,970
77$1,030,303$0$0$768,732
78$1,072,155$0$0$800,092
79$1,116,284$0$0$833,169
80$1,162,859$0$0$868,092
81$1,212,065$0$0$904,999
82$1,264,104$0$0$944,045
83$1,319,196$0$0$985,395
84$1,377,581$0$0$1,029,232
85$1,439,521$0$0$1,075,756
86$1,505,305$0$0$1,125,183
87$1,575,246$0$0$1,177,753
88$1,649,687$0$0$1,233,725
89$1,729,005$0$0$1,293,386
90$1,813,611$0$0$1,357,048
91$1,903,957$0$0$1,425,052
92$2,000,537$0$0$1,497,775
93$2,103,892$0$0$1,575,628
94$2,214,619$0$0$1,659,062
95$2,333,367$0$0$1,748,572
96$2,460,853$0$0$1,844,701
97$2,597,861$0$0$1,948,045
98$2,745,252$0$0$2,059,258
99$2,903,974$0$0$2,179,059
100$3,075,064$0$0$2,308,237