Can I retire at age 56 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$37,078$36,748$36,426$36,111$35,804$34,397
2 years$18,355$18,014$17,682$17,361$17,049$15,649
3 years$12,115$11,772$11,442$11,123$10,817$9,467
4 years$8,996$8,654$8,327$8,014$7,715$6,426
5 years$7,125$6,785$6,462$6,155$5,865$4,640
6 years$5,878$5,540$5,222$4,922$4,640$3,481
7 years$4,987$4,653$4,340$4,047$3,774$2,680
8 years$4,320$3,988$3,680$3,395$3,131$2,100
9 years$3,801$3,472$3,170$2,892$2,637$1,668
10 years$3,386$3,061$2,764$2,493$2,247$1,338
11 years$3,047$2,725$2,433$2,169$1,932$1,082
12 years$2,765$2,446$2,159$1,903$1,674$880
13 years$2,526$2,210$1,929$1,680$1,460$719
14 years$2,321$2,009$1,733$1,491$1,280$590
15 years$2,144$1,835$1,565$1,330$1,127$486
16 years$1,989$1,684$1,419$1,191$996$401
17 years$1,853$1,551$1,291$1,070$883$331
18 years$1,732$1,433$1,179$964$785$274
19 years$1,623$1,328$1,079$871$700$227
20 years$1,526$1,234$990$789$625$189
21 years$1,438$1,149$911$716$559$157
22 years$1,358$1,073$839$651$501$130
23 years$1,285$1,004$775$593$450$109
24 years$1,219$940$717$541$405$90
25 years$1,158$882$664$494$364$75
26 years$1,101$829$616$452$328$63
27 years$1,049$780$572$413$296$52
28 years$1,001$735$532$379$267$44
29 years$956$694$495$347$241$36
30 years$914$655$461$319$218$30
31 years$875$619$430$293$197$25
32 years$838$586$401$269$178$21
33 years$804$555$374$247$161$18
34 years$772$526$350$228$146$15
35 years$742$499$327$210$132$12
36 years$713$474$306$193$120$10
37 years$686$450$286$178$108$9
38 years$661$427$268$164$98$7
39 years$637$406$251$151$89$6
40 years$614$387$235$139$81$5
41 years$592$368$221$129$73$4
42 years$572$351$207$119$67$3
43 years$552$334$194$110$60$3
44 years$533$318$182$101$55$2
45 years$516$304$171$93$50$2
46 years$499$290$161$86$45$2
47 years$483$276$151$80$41$1
48 years$467$264$142$74$37$1
49 years$452$252$133$68$34$1
50 years$438$241$125$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $449,000, adding $4,236 every year, while hoping to spend $29,404 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: 60/31/9 Blend
55$449,000$449,000$449,000$449,000
56$499,167$475,370$468,411$527,858
57$518,797$467,378$452,817$539,618
58$539,443$458,008$435,715$548,710
59$561,179$447,163$417,024$557,897
60$584,083$434,738$396,658$567,189
61$608,241$420,622$374,528$576,600
62$633,748$404,699$350,542$586,145
63$660,706$386,845$324,601$595,842
64$689,227$366,929$296,603$605,714
65$719,432$344,813$266,444$615,786
66$751,456$320,350$234,011$626,088
67$785,443$293,386$199,189$636,656
68$821,552$263,756$161,856$647,530
69$859,959$231,288$121,886$658,759
70$900,853$195,800$79,148$670,396
71$944,444$157,098$33,503$682,504
72$990,960$114,978$0$695,155
73$1,040,651$69,225$0$709,890
74$1,093,791$19,612$0$728,871
75$1,150,683$0$0$748,997
76$1,211,655$0$0$782,039
77$1,277,070$0$0$824,689
78$1,347,324$0$0$870,521
79$1,422,854$0$0$919,821
80$1,504,139$0$0$972,906
81$1,591,704$0$0$1,030,122
82$1,686,125$0$0$1,091,851
83$1,788,038$0$0$1,158,510
84$1,898,138$0$0$1,230,561
85$2,017,192$0$0$1,308,508
86$2,146,041$0$0$1,392,907
87$2,285,610$0$0$1,484,370
88$2,436,917$0$0$1,583,567
89$2,601,079$0$0$1,691,237
90$2,779,327$0$0$1,808,194
91$2,973,013$0$0$1,935,331
92$3,183,627$0$0$2,073,630
93$3,412,806$0$0$2,224,174
94$3,662,351$0$0$2,388,154
95$3,934,244$0$0$2,566,878
96$4,230,669$0$0$2,761,789
97$4,554,025$0$0$2,974,473
98$4,906,956$0$0$3,206,677
99$5,292,372$0$0$3,460,323
100$5,713,474$0$0$3,737,527