Can I retire at age 56 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$36,748$36,420$36,101$35,789$35,485$34,627
2 years$18,192$17,853$17,525$17,206$16,898$16,038
3 years$12,007$11,667$11,340$11,024$10,721$9,887
4 years$8,916$8,577$8,252$7,942$7,646$6,844
5 years$7,061$6,724$6,404$6,101$5,812$5,045
6 years$5,825$5,491$5,176$4,879$4,599$3,867
7 years$4,943$4,611$4,301$4,011$3,740$3,043
8 years$4,281$3,953$3,647$3,365$3,103$2,441
9 years$3,767$3,441$3,142$2,866$2,613$1,985
10 years$3,356$3,033$2,739$2,471$2,227$1,632
11 years$3,020$2,701$2,411$2,150$1,915$1,353
12 years$2,740$2,424$2,140$1,886$1,659$1,129
13 years$2,503$2,190$1,912$1,665$1,447$948
14 years$2,300$1,991$1,718$1,478$1,268$799
15 years$2,125$1,819$1,551$1,318$1,117$676
16 years$1,972$1,669$1,406$1,180$987$573
17 years$1,836$1,537$1,280$1,060$875$488
18 years$1,716$1,420$1,168$956$778$416
19 years$1,609$1,316$1,069$864$694$355
20 years$1,512$1,223$981$782$620$304
21 years$1,425$1,139$903$710$554$260
22 years$1,346$1,063$832$645$497$223
23 years$1,274$995$768$588$446$191
24 years$1,208$932$710$536$401$164
25 years$1,147$875$658$490$361$141
26 years$1,091$822$610$448$325$121
27 years$1,040$774$567$410$293$104
28 years$992$729$527$375$264$90
29 years$947$688$490$344$239$77
30 years$906$649$457$316$216$67
31 years$867$614$426$290$195$57
32 years$831$581$397$267$176$49
33 years$797$550$371$245$160$43
34 years$765$521$347$226$145$37
35 years$735$494$324$208$131$32
36 years$707$469$303$191$119$27
37 years$680$446$284$176$108$24
38 years$655$424$266$162$97$20
39 years$631$403$249$150$88$17
40 years$608$383$233$138$80$15
41 years$587$365$219$127$73$13
42 years$567$347$205$118$66$11
43 years$547$331$193$109$60$10
44 years$529$316$181$100$54$8
45 years$511$301$170$93$49$7
46 years$494$287$159$86$45$6
47 years$478$274$150$79$41$5
48 years$463$262$141$73$37$5
49 years$448$250$132$67$34$4
50 years$434$239$124$62$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $445,000, adding $2,540 every year, while hoping to spend $29,040 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: 38/46/16 Blend
55$445,000$445,000$445,000$445,000
56$493,010$469,425$462,528$509,278
57$512,399$461,529$447,124$513,274
58$532,792$452,272$430,231$514,619
59$554,261$441,557$411,768$515,453
60$576,884$429,283$391,651$515,746
61$600,747$415,338$369,792$515,467
62$625,942$399,608$346,099$514,583
63$652,570$381,971$320,475$513,062
64$680,743$362,298$292,821$510,871
65$710,579$340,451$263,031$507,978
66$742,211$316,286$230,996$504,349
67$775,783$289,651$196,601$499,954
68$811,452$260,383$159,726$494,758
69$849,391$228,312$120,247$488,733
70$889,787$193,258$78,034$481,848
71$932,847$155,029$32,950$474,075
72$978,796$113,424$0$465,387
73$1,027,882$68,231$0$458,351
74$1,080,377$19,225$0$456,529
75$1,136,577$0$0$454,298
76$1,196,808$0$0$468,801
77$1,261,429$0$0$494,841
78$1,330,831$0$0$522,852
79$1,405,445$0$0$553,013
80$1,485,744$0$0$585,520
81$1,572,248$0$0$620,589
82$1,665,526$0$0$658,459
83$1,766,205$0$0$699,391
84$1,874,973$0$0$743,672
85$1,992,587$0$0$791,617
86$2,119,879$0$0$843,574
87$2,257,761$0$0$899,923
88$2,407,240$0$0$961,084
89$2,569,419$0$0$1,027,519
90$2,745,516$0$0$1,099,735
91$2,936,865$0$0$1,178,290
92$3,144,939$0$0$1,263,799
93$3,371,354$0$0$1,356,937
94$3,617,891$0$0$1,458,449
95$3,886,509$0$0$1,569,154
96$4,179,362$0$0$1,689,951
97$4,498,824$0$0$1,821,832
98$4,847,506$0$0$1,965,890
99$5,228,283$0$0$2,123,327
100$5,644,318$0$0$2,295,464