Can I retire at age 59 with 402,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$33,197$32,901$32,613$32,331$32,056$30,993
2 years$16,434$16,128$15,831$15,544$15,265$14,204
3 years$10,847$10,540$10,244$9,959$9,685$8,659
4 years$8,054$7,748$7,455$7,175$6,907$5,925
5 years$6,379$6,074$5,785$5,511$5,251$4,315
6 years$5,263$4,960$4,675$4,407$4,155$3,266
7 years$4,465$4,166$3,885$3,623$3,379$2,537
8 years$3,868$3,571$3,295$3,040$2,803$2,007
9 years$3,403$3,109$2,838$2,589$2,361$1,610
10 years$3,032$2,740$2,474$2,232$2,011$1,305
11 years$2,728$2,440$2,178$1,942$1,730$1,066
12 years$2,475$2,190$1,933$1,704$1,499$876
13 years$2,261$1,979$1,727$1,504$1,307$724
14 years$2,078$1,799$1,552$1,335$1,146$601
15 years$1,920$1,643$1,401$1,191$1,009$500
16 years$1,781$1,508$1,270$1,066$892$417
17 years$1,659$1,388$1,156$958$791$349
18 years$1,550$1,283$1,055$863$703$293
19 years$1,453$1,189$966$780$627$246
20 years$1,366$1,105$887$707$560$206
21 years$1,288$1,029$815$641$501$174
22 years$1,216$961$752$583$449$146
23 years$1,151$898$694$531$403$123
24 years$1,091$842$642$484$362$104
25 years$1,036$790$594$442$326$88
26 years$986$742$551$404$294$74
27 years$939$699$512$370$265$62
28 years$896$658$476$339$239$53
29 years$856$621$443$311$216$45
30 years$818$587$413$285$195$38
31 years$783$555$385$262$176$32
32 years$751$525$359$241$159$27
33 years$720$497$335$222$144$23
34 years$691$471$313$204$131$19
35 years$664$447$293$188$118$16
36 years$638$424$274$173$107$14
37 years$614$403$256$159$97$12
38 years$592$383$240$147$88$10
39 years$570$364$225$135$80$8
40 years$550$346$211$125$72$7
41 years$530$330$198$115$66$6
42 years$512$314$185$106$60$5
43 years$494$299$174$98$54$4
44 years$478$285$163$91$49$4
45 years$462$272$153$84$45$3
46 years$447$259$144$77$40$3
47 years$432$247$135$71$37$2
48 years$418$236$127$66$33$2
49 years$405$226$119$61$30$2
50 years$392$216$112$56$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $402,000, adding $3,902 every year, while hoping to spend $22,589 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: 32/38/30 Blend
58$402,000$402,000$402,000$402,000
59$447,029$425,723$419,492$457,159
60$468,591$422,549$409,510$462,123
61$491,596$418,462$398,437$465,219
62$516,166$413,394$386,212$468,121
63$542,437$407,272$372,773$470,827
64$570,557$400,020$358,051$473,339
65$600,688$391,555$341,980$475,660
66$633,007$381,791$324,486$477,795
67$667,712$370,636$305,494$479,754
68$705,016$357,995$284,926$481,551
69$745,155$343,764$262,698$483,200
70$788,387$327,834$238,724$484,724
71$834,996$310,092$212,915$486,149
72$885,294$290,415$185,177$487,507
73$939,625$268,676$155,411$488,839
74$998,364$244,738$123,514$490,191
75$1,061,925$218,459$89,381$491,618
76$1,130,765$189,687$52,898$493,187
77$1,205,382$158,261$13,950$494,974
78$1,286,328$124,013$0$497,067
79$1,374,208$86,763$0$508,409
80$1,469,686$46,323$0$525,619
81$1,573,495$2,494$0$544,405
82$1,686,441$0$0$564,967
83$1,809,409$0$0$606,318
84$1,943,375$0$0$652,559
85$2,089,411$0$0$703,026
86$2,248,700$0$0$758,133
87$2,422,540$0$0$818,339
88$2,612,363$0$0$884,145
89$2,819,744$0$0$956,108
90$3,046,416$0$0$1,034,837
91$3,294,290$0$0$1,121,005
92$3,565,466$0$0$1,215,350
93$3,862,260$0$0$1,318,690
94$4,187,220$0$0$1,431,920
95$4,543,153$0$0$1,556,029
96$4,933,149$0$0$1,692,106
97$5,360,613$0$0$1,841,350
98$5,829,293$0$0$2,005,081
99$6,343,317$0$0$2,184,754
100$6,907,235$0$0$2,381,971