Can I retire at age 56 with 446,000?

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 $446,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$36,830$36,502$36,182$35,870$35,565$34,832
2 years$18,233$17,893$17,564$17,245$16,936$16,201
3 years$12,034$11,693$11,365$11,049$10,745$10,031
4 years$8,936$8,596$8,271$7,960$7,663$6,976
5 years$7,077$6,739$6,419$6,114$5,825$5,166
6 years$5,839$5,503$5,187$4,890$4,609$3,979
7 years$4,954$4,622$4,311$4,020$3,749$3,147
8 years$4,291$3,962$3,656$3,372$3,110$2,538
9 years$3,776$3,449$3,149$2,872$2,619$2,075
10 years$3,364$3,040$2,745$2,476$2,232$1,716
11 years$3,027$2,707$2,417$2,155$1,919$1,431
12 years$2,746$2,429$2,145$1,890$1,663$1,201
13 years$2,509$2,195$1,916$1,669$1,450$1,014
14 years$2,306$1,996$1,722$1,481$1,271$860
15 years$2,130$1,823$1,554$1,321$1,119$732
16 years$1,976$1,673$1,409$1,183$989$625
17 years$1,840$1,540$1,282$1,063$877$535
18 years$1,720$1,423$1,171$958$780$459
19 years$1,612$1,319$1,072$865$695$395
20 years$1,516$1,226$984$784$621$340
21 years$1,428$1,142$905$711$556$293
22 years$1,349$1,066$834$647$498$253
23 years$1,277$997$770$589$447$219
24 years$1,211$934$712$537$402$189
25 years$1,150$876$659$491$362$164
26 years$1,094$824$612$449$326$142
27 years$1,042$775$568$411$294$123
28 years$994$731$528$376$265$106
29 years$949$689$491$345$239$92
30 years$908$651$458$317$216$80
31 years$869$615$427$291$195$70
32 years$833$582$398$267$177$60
33 years$799$551$372$246$160$52
34 years$767$523$347$226$145$46
35 years$737$496$325$208$131$40
36 years$708$470$304$192$119$34
37 years$682$447$284$177$108$30
38 years$656$425$266$163$98$26
39 years$632$404$249$150$89$23
40 years$610$384$234$138$80$20
41 years$588$366$219$128$73$17
42 years$568$348$206$118$66$15
43 years$548$332$193$109$60$13
44 years$530$316$181$100$54$11
45 years$512$302$170$93$49$10
46 years$495$288$160$86$45$8
47 years$479$275$150$79$41$7
48 years$464$262$141$73$37$6
49 years$449$250$133$68$34$6
50 years$435$239$125$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $446,000, adding $6,086 every year, while hoping to spend $22,398 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: 32/48/20 Blend
55$446,000$446,000$446,000$446,000
56$497,770$474,132$467,219$510,448
57$524,711$473,533$459,039$519,849
58$553,649$472,154$449,835$527,504
59$584,765$469,933$439,548$535,281
60$618,256$466,805$428,118$543,204
61$654,340$462,699$415,481$551,301
62$693,254$457,543$401,571$559,605
63$735,260$451,257$386,318$568,155
64$780,647$443,759$369,650$576,997
65$829,731$434,961$351,491$586,181
66$882,859$424,770$331,762$595,767
67$940,414$413,087$310,379$605,823
68$1,002,815$399,808$287,256$616,427
69$1,070,526$384,822$262,303$627,667
70$1,144,055$368,013$235,425$639,645
71$1,223,959$349,256$206,523$652,475
72$1,310,855$328,422$175,493$666,287
73$1,405,419$305,372$142,229$681,227
74$1,508,396$279,959$106,618$697,462
75$1,620,604$252,029$68,542$715,177
76$1,742,946$221,418$27,878$734,584
77$1,876,414$187,955$0$755,919
78$2,022,099$151,456$0$782,759
79$2,181,204$111,728$0$818,655
80$2,355,053$68,569$0$858,016
81$2,545,102$21,763$0$901,247
82$2,752,957$0$0$948,799
83$2,980,382$0$0$1,016,448
84$3,229,323$0$0$1,103,146
85$3,501,922$0$0$1,198,153
86$3,800,538$0$0$1,302,299
87$4,127,766$0$0$1,416,498
88$4,486,469$0$0$1,541,759
89$4,879,796$0$0$1,679,191
90$5,311,217$0$0$1,830,016
91$5,784,554$0$0$1,995,581
92$6,304,016$0$0$2,177,369
93$6,874,241$0$0$2,377,015
94$7,500,337$0$0$2,596,317
95$8,187,929$0$0$2,837,258
96$8,943,215$0$0$3,102,023
97$9,773,025$0$0$3,393,018
98$10,684,880$0$0$3,712,895
99$11,687,067$0$0$4,064,573
100$12,788,716$0$0$4,451,270