Can I retire at age 56 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$37,656$37,321$36,993$36,674$36,362$35,383
2 years$18,642$18,294$17,958$17,632$17,315$16,335
3 years$12,304$11,956$11,620$11,297$10,986$10,036
4 years$9,136$8,789$8,456$8,139$7,835$6,923
5 years$7,236$6,890$6,562$6,251$5,956$5,084
6 years$5,969$5,627$5,303$4,999$4,713$3,882
7 years$5,065$4,725$4,407$4,110$3,833$3,043
8 years$4,387$4,050$3,738$3,448$3,180$2,431
9 years$3,860$3,527$3,219$2,937$2,678$1,969
10 years$3,439$3,108$2,807$2,532$2,282$1,611
11 years$3,094$2,767$2,471$2,203$1,962$1,330
12 years$2,808$2,484$2,193$1,933$1,700$1,105
13 years$2,565$2,245$1,959$1,706$1,483$923
14 years$2,357$2,040$1,760$1,515$1,300$774
15 years$2,177$1,864$1,589$1,351$1,144$652
16 years$2,020$1,710$1,441$1,209$1,011$550
17 years$1,882$1,575$1,311$1,087$897$466
18 years$1,759$1,455$1,197$979$797$395
19 years$1,649$1,349$1,096$885$711$336
20 years$1,550$1,253$1,006$801$635$285
21 years$1,460$1,167$925$727$568$243
22 years$1,379$1,090$853$661$509$207
23 years$1,305$1,019$787$602$457$177
24 years$1,238$955$728$549$411$151
25 years$1,176$896$674$502$370$129
26 years$1,118$842$625$459$333$110
27 years$1,065$793$581$420$300$94
28 years$1,016$747$540$385$271$81
29 years$971$705$502$353$245$69
30 years$928$665$468$324$221$59
31 years$889$629$436$297$200$51
32 years$851$595$407$273$181$43
33 years$817$564$380$251$164$37
34 years$784$534$355$231$148$32
35 years$753$507$332$213$134$27
36 years$724$481$311$196$122$23
37 years$697$457$291$181$110$20
38 years$671$434$272$166$100$17
39 years$647$413$255$153$91$15
40 years$623$393$239$142$82$13
41 years$601$374$224$131$75$11
42 years$581$356$210$121$68$9
43 years$561$339$197$111$61$8
44 years$542$323$185$103$56$7
45 years$524$308$174$95$51$6
46 years$507$294$163$88$46$5
47 years$490$281$153$81$42$4
48 years$475$268$144$75$38$4
49 years$460$256$136$69$34$3
50 years$445$244$127$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $456,000, adding $2,282 every year, while hoping to spend $24,429 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: 35/37/28 Blend
55$456,000$456,000$456,000$456,000
56$504,866$480,698$473,630$518,210
57$530,370$478,260$463,504$525,962
58$557,657$474,884$452,221$531,963
59$586,882$470,497$439,714$537,967
60$618,217$465,025$425,918$543,992
61$651,850$458,386$410,761$550,058
62$687,987$450,494$394,169$556,190
63$726,853$441,260$376,066$562,418
64$768,697$430,588$356,369$568,778
65$813,793$418,375$334,996$575,310
66$862,439$404,514$311,857$582,064
67$914,964$388,892$286,861$589,094
68$971,730$371,387$259,911$596,467
69$1,033,135$351,874$230,906$604,256
70$1,099,615$330,216$199,742$612,549
71$1,171,651$306,272$166,309$621,442
72$1,249,771$279,890$130,491$631,048
73$1,334,555$250,912$92,170$641,495
74$1,426,642$219,170$51,220$652,928
75$1,526,735$184,485$7,512$665,511
76$1,635,607$146,669$0$679,429
77$1,754,107$105,524$0$706,585
78$1,883,173$60,841$0$738,679
79$2,023,832$12,398$0$773,774
80$2,177,219$0$0$812,216
81$2,344,580$0$0$870,693
82$2,527,289$0$0$940,105
83$2,726,856$0$0$1,015,986
84$2,944,946$0$0$1,098,977
85$3,183,388$0$0$1,189,782
86$3,444,201$0$0$1,289,179
87$3,729,604$0$0$1,398,023
88$4,042,043$0$0$1,517,255
89$4,384,208$0$0$1,647,913
90$4,759,066$0$0$1,791,138
91$5,169,880$0$0$1,948,190
92$5,620,247$0$0$2,120,453
93$6,114,128$0$0$2,309,453
94$6,655,884$0$0$2,516,872
95$7,250,319$0$0$2,744,562
96$7,902,727$0$0$2,994,561
97$8,618,935$0$0$3,269,116
98$9,405,366$0$0$3,570,704
99$10,269,092$0$0$3,902,049
100$11,217,907$0$0$4,266,157