Can I retire at age 59 with 402,000?

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 $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%11.4%
1 years$33,197$32,901$32,613$32,331$32,056$31,867
2 years$16,434$16,128$15,831$15,544$15,265$15,074
3 years$10,847$10,540$10,244$9,959$9,685$9,498
4 years$8,054$7,748$7,455$7,175$6,907$6,727
5 years$6,379$6,074$5,785$5,511$5,251$5,076
6 years$5,263$4,960$4,675$4,407$4,155$3,987
7 years$4,465$4,166$3,885$3,623$3,379$3,217
8 years$3,868$3,571$3,295$3,040$2,803$2,648
9 years$3,403$3,109$2,838$2,589$2,361$2,212
10 years$3,032$2,740$2,474$2,232$2,011$1,869
11 years$2,728$2,440$2,178$1,942$1,730$1,594
12 years$2,475$2,190$1,933$1,704$1,499$1,369
13 years$2,261$1,979$1,727$1,504$1,307$1,184
14 years$2,078$1,799$1,552$1,335$1,146$1,028
15 years$1,920$1,643$1,401$1,191$1,009$897
16 years$1,781$1,508$1,270$1,066$892$785
17 years$1,659$1,388$1,156$958$791$690
18 years$1,550$1,283$1,055$863$703$607
19 years$1,453$1,189$966$780$627$536
20 years$1,366$1,105$887$707$560$474
21 years$1,288$1,029$815$641$501$420
22 years$1,216$961$752$583$449$373
23 years$1,151$898$694$531$403$331
24 years$1,091$842$642$484$362$294
25 years$1,036$790$594$442$326$262
26 years$986$742$551$404$294$234
27 years$939$699$512$370$265$208
28 years$896$658$476$339$239$186
29 years$856$621$443$311$216$166
30 years$818$587$413$285$195$148
31 years$783$555$385$262$176$133
32 years$751$525$359$241$159$119
33 years$720$497$335$222$144$106
34 years$691$471$313$204$131$95
35 years$664$447$293$188$118$85
36 years$638$424$274$173$107$76
37 years$614$403$256$159$97$68
38 years$592$383$240$147$88$61
39 years$570$364$225$135$80$55
40 years$550$346$211$125$72$49
41 years$530$330$198$115$66$44
42 years$512$314$185$106$60$39
43 years$494$299$174$98$54$35
44 years$478$285$163$91$49$32
45 years$462$272$153$84$45$28
46 years$447$259$144$77$40$26
47 years$432$247$135$71$37$23
48 years$418$236$127$66$33$21
49 years$405$226$119$61$30$18
50 years$392$216$112$56$28$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $402,000, adding $4,963 every year, while hoping to spend $27,328 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: 61/13/26 Blend
58$402,000$402,000$402,000$402,000
59$448,123$426,817$420,586$472,063
60$464,755$418,655$405,599$480,746
61$482,167$409,176$389,194$486,821
62$500,411$398,288$371,295$492,863
63$519,541$385,892$351,821$498,875
64$539,617$371,884$330,690$504,859
65$560,704$356,152$307,814$510,822
66$582,872$338,580$283,102$516,770
67$606,198$319,043$256,459$522,712
68$630,765$297,411$227,785$528,660
69$656,664$273,546$196,977$534,627
70$683,995$247,300$163,926$540,633
71$712,864$218,519$128,519$546,696
72$743,389$187,040$90,638$552,844
73$775,699$152,689$50,159$559,104
74$809,933$115,284$6,952$565,513
75$846,246$74,633$0$572,110
76$884,805$30,531$0$589,805
77$925,791$0$0$610,555
78$969,407$0$0$634,999
79$1,015,871$0$0$665,708
80$1,065,423$0$0$698,476
81$1,118,326$0$0$733,481
82$1,174,868$0$0$770,914
83$1,235,366$0$0$810,988
84$1,300,166$0$0$853,935
85$1,369,646$0$0$900,009
86$1,444,226$0$0$949,491
87$1,524,360$0$0$1,002,687
88$1,610,553$0$0$1,059,933
89$1,703,354$0$0$1,121,601
90$1,803,370$0$0$1,188,095
91$1,911,265$0$0$1,259,863
92$2,027,770$0$0$1,337,395
93$2,153,687$0$0$1,421,229
94$2,289,899$0$0$1,511,958
95$2,437,375$0$0$1,610,233
96$2,597,182$0$0$1,716,769
97$2,770,492$0$0$1,832,355
98$2,958,594$0$0$1,957,855
99$3,162,906$0$0$2,094,222
100$3,384,988$0$0$2,242,503