Can I retire at age 56 with 444,000?

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 $444,000?

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$36,665$36,339$36,020$35,709$35,405$34,719
2 years$18,151$17,813$17,485$17,168$16,860$16,171
3 years$11,980$11,641$11,314$11,000$10,696$10,027
4 years$8,896$8,557$8,234$7,925$7,629$6,983
5 years$7,046$6,709$6,390$6,087$5,799$5,180
6 years$5,812$5,478$5,164$4,868$4,589$3,996
7 years$4,932$4,601$4,291$4,002$3,732$3,166
8 years$4,272$3,944$3,639$3,357$3,096$2,557
9 years$3,759$3,434$3,135$2,860$2,607$2,095
10 years$3,348$3,027$2,733$2,465$2,222$1,735
11 years$3,013$2,694$2,406$2,145$1,911$1,450
12 years$2,734$2,418$2,135$1,882$1,656$1,219
13 years$2,498$2,186$1,908$1,661$1,444$1,032
14 years$2,295$1,987$1,714$1,475$1,266$877
15 years$2,120$1,815$1,548$1,315$1,114$748
16 years$1,967$1,665$1,403$1,178$985$640
17 years$1,832$1,533$1,277$1,058$873$549
18 years$1,712$1,417$1,165$954$776$472
19 years$1,605$1,313$1,067$862$692$407
20 years$1,509$1,220$979$780$618$351
21 years$1,422$1,137$901$708$553$303
22 years$1,343$1,061$830$644$496$263
23 years$1,271$992$766$586$445$227
24 years$1,205$930$709$535$400$197
25 years$1,145$873$657$488$360$171
26 years$1,089$820$609$447$324$148
27 years$1,037$772$565$409$292$129
28 years$990$727$526$375$264$112
29 years$945$686$489$343$238$97
30 years$904$648$456$315$215$85
31 years$865$612$425$290$195$74
32 years$829$580$396$266$176$64
33 years$795$549$370$245$159$56
34 years$763$520$346$225$144$49
35 years$733$493$323$207$131$42
36 years$705$468$302$191$118$37
37 years$679$445$283$176$107$32
38 years$653$423$265$162$97$28
39 years$630$402$248$149$88$24
40 years$607$382$233$138$80$21
41 years$586$364$218$127$73$19
42 years$565$347$205$117$66$16
43 years$546$330$192$108$60$14
44 years$528$315$180$100$54$12
45 years$510$300$169$92$49$11
46 years$493$286$159$85$45$9
47 years$477$273$149$79$41$8
48 years$462$261$140$73$37$7
49 years$447$249$132$67$33$6
50 years$433$238$124$62$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $444,000, adding $5,916 every year, while hoping to spend $27,227 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: 65/7/28 Blend
55$444,000$444,000$444,000$444,000
56$495,390$471,858$464,976$523,569
57$516,951$466,010$451,584$537,482
58$539,798$458,963$436,830$549,133
59$564,034$450,629$420,641$561,271
60$589,772$440,916$402,938$573,947
61$617,133$429,725$383,641$587,219
62$646,252$416,953$362,664$601,151
63$677,275$402,489$339,919$615,813
64$710,364$386,218$315,313$631,286
65$745,694$368,015$288,749$647,659
66$783,458$347,751$260,125$665,031
67$823,868$325,288$229,336$683,513
68$867,155$300,480$196,272$703,228
69$913,573$273,172$160,816$724,314
70$963,403$243,203$122,848$746,924
71$1,016,950$210,399$82,243$771,228
72$1,074,549$174,579$38,869$797,416
73$1,136,571$135,552$0$825,699
74$1,203,420$93,112$0$858,527
75$1,275,541$47,048$0$906,480
76$1,353,425$0$0$958,267
77$1,437,607$0$0$1,014,476
78$1,528,679$0$0$1,079,229
79$1,627,290$0$0$1,149,368
80$1,734,154$0$0$1,225,402
81$1,850,056$0$0$1,307,895
82$1,975,859$0$0$1,397,462
83$2,112,513$0$0$1,494,785
84$2,261,061$0$0$1,600,611
85$2,422,653$0$0$1,715,761
86$2,598,553$0$0$1,841,141
87$2,790,151$0$0$1,977,747
88$2,998,979$0$0$2,126,673
89$3,226,720$0$0$2,289,127
90$3,475,230$0$0$2,466,436
91$3,746,547$0$0$2,660,061
92$4,042,920$0$0$2,871,609
93$4,366,821$0$0$3,102,853
94$4,720,972$0$0$3,355,741
95$5,108,373$0$0$3,632,420
96$5,532,323$0$0$3,935,254
97$5,996,456$0$0$4,266,845
98$6,504,777$0$0$4,630,060
99$7,061,691$0$0$5,028,055
100$7,672,054$0$0$5,464,305