Can I retire at age 59 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$33,445$33,147$32,856$32,572$32,295$31,695
2 years$16,557$16,248$15,949$15,660$15,379$14,776
3 years$10,928$10,618$10,320$10,033$9,757$9,171
4 years$8,114$7,806$7,511$7,228$6,959$6,394
5 years$6,427$6,120$5,829$5,552$5,290$4,748
6 years$5,302$4,997$4,710$4,440$4,186$3,667
7 years$4,499$4,197$3,914$3,650$3,404$2,909
8 years$3,897$3,597$3,320$3,062$2,824$2,352
9 years$3,429$3,132$2,859$2,608$2,378$1,929
10 years$3,054$2,761$2,493$2,248$2,026$1,600
11 years$2,748$2,458$2,195$1,957$1,743$1,338
12 years$2,494$2,206$1,948$1,716$1,510$1,127
13 years$2,278$1,994$1,740$1,515$1,317$955
14 years$2,094$1,812$1,563$1,345$1,154$812
15 years$1,934$1,655$1,412$1,200$1,016$694
16 years$1,794$1,519$1,280$1,074$898$595
17 years$1,671$1,399$1,165$965$797$511
18 years$1,562$1,292$1,063$870$708$440
19 years$1,464$1,198$973$786$631$380
20 years$1,376$1,113$893$712$564$328
21 years$1,297$1,037$822$646$505$284
22 years$1,225$968$757$587$452$246
23 years$1,159$905$699$535$406$214
24 years$1,099$848$647$488$365$185
25 years$1,044$796$599$446$328$161
26 years$993$748$555$407$296$140
27 years$946$704$516$373$267$122
28 years$903$663$479$342$241$106
29 years$862$626$446$313$217$92
30 years$824$591$416$288$196$80
31 years$789$559$387$264$178$70
32 years$756$529$361$243$161$61
33 years$725$501$338$223$145$53
34 years$696$474$315$205$132$46
35 years$669$450$295$189$119$41
36 years$643$427$276$174$108$35
37 years$619$406$258$160$98$31
38 years$596$386$242$148$89$27
39 years$574$367$227$136$80$24
40 years$554$349$212$126$73$21
41 years$534$332$199$116$66$18
42 years$516$316$187$107$60$16
43 years$498$301$175$99$55$14
44 years$481$287$164$91$49$12
45 years$465$274$154$84$45$10
46 years$450$261$145$78$41$9
47 years$435$249$136$72$37$8
48 years$421$238$128$66$34$7
49 years$408$227$120$61$31$6
50 years$395$217$113$57$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $405,000, adding $6,548 every year, while hoping to spend $26,484 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: 40/34/26 Blend
58$405,000$405,000$405,000$405,000
59$453,064$431,599$425,322$467,486
60$471,098$424,569$411,391$471,496
61$490,084$416,306$396,106$472,870
62$510,090$406,723$379,394$473,841
63$531,193$395,726$361,177$474,388
64$553,474$383,216$341,376$474,491
65$577,023$369,088$319,907$474,130
66$601,937$353,232$296,682$473,285
67$628,324$335,529$271,609$471,936
68$656,299$315,856$244,594$470,064
69$685,989$294,081$215,536$467,653
70$717,535$270,066$184,332$464,686
71$751,089$243,664$150,872$461,148
72$786,816$214,720$115,042$457,028
73$824,899$183,069$76,724$452,316
74$865,539$148,539$35,794$447,004
75$908,953$110,947$0$441,089
76$955,382$70,100$0$436,760
77$1,005,090$25,793$0$442,573
78$1,058,363$0$0$448,638
79$1,115,519$0$0$463,315
80$1,176,905$0$0$489,479
81$1,242,902$0$0$517,648
82$1,313,928$0$0$548,004
83$1,390,442$0$0$580,749
84$1,472,950$0$0$616,106
85$1,562,004$0$0$654,316
86$1,658,215$0$0$695,648
87$1,762,252$0$0$740,396
88$1,874,849$0$0$788,882
89$1,996,816$0$0$841,462
90$2,129,042$0$0$898,527
91$2,272,504$0$0$960,507
92$2,428,278$0$0$1,027,874
93$2,597,546$0$0$1,101,148
94$2,781,609$0$0$1,180,902
95$2,981,899$0$0$1,267,764
96$3,199,990$0$0$1,362,429
97$3,437,615$0$0$1,465,659
98$3,696,682$0$0$1,578,292
99$3,979,289$0$0$1,701,252
100$4,287,747$0$0$1,835,556