Can I retire at age 59 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$33,610$33,310$33,018$32,733$32,455$31,504
2 years$16,638$16,329$16,028$15,737$15,455$14,505
3 years$10,982$10,671$10,371$10,083$9,805$8,885
4 years$8,155$7,844$7,548$7,264$6,993$6,111
5 years$6,458$6,150$5,857$5,580$5,316$4,474
6 years$5,328$5,022$4,734$4,462$4,206$3,405
7 years$4,521$4,217$3,934$3,668$3,421$2,660
8 years$3,916$3,615$3,336$3,077$2,838$2,117
9 years$3,446$3,148$2,873$2,621$2,390$1,708
10 years$3,069$2,774$2,505$2,260$2,036$1,393
11 years$2,762$2,470$2,205$1,966$1,751$1,145
12 years$2,506$2,217$1,957$1,725$1,518$948
13 years$2,289$2,003$1,749$1,523$1,323$789
14 years$2,104$1,821$1,571$1,352$1,160$659
15 years$1,943$1,664$1,419$1,206$1,021$552
16 years$1,803$1,526$1,286$1,079$903$464
17 years$1,679$1,406$1,170$970$800$391
18 years$1,570$1,299$1,068$874$712$330
19 years$1,471$1,204$978$790$634$279
20 years$1,383$1,119$898$715$567$237
21 years$1,304$1,042$826$649$507$201
22 years$1,231$973$761$590$455$170
23 years$1,165$910$703$538$408$145
24 years$1,105$852$650$490$367$123
25 years$1,049$800$602$448$330$104
26 years$998$752$558$409$297$89
27 years$951$707$518$375$268$76
28 years$907$667$482$343$242$64
29 years$866$629$448$315$218$55
30 years$828$594$418$289$197$47
31 years$793$561$389$265$178$40
32 years$760$531$363$244$161$34
33 years$729$503$339$224$146$29
34 years$700$477$317$206$132$25
35 years$672$452$296$190$120$21
36 years$646$429$277$175$108$18
37 years$622$408$259$161$98$15
38 years$599$387$243$149$89$13
39 years$577$368$228$137$81$11
40 years$556$351$213$126$73$9
41 years$537$334$200$117$67$8
42 years$518$318$188$108$60$7
43 years$500$303$176$99$55$6
44 years$484$289$165$92$50$5
45 years$467$275$155$85$45$4
46 years$452$263$146$78$41$4
47 years$438$251$137$72$37$3
48 years$424$239$129$67$34$3
49 years$410$228$121$62$31$2
50 years$397$218$114$57$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $407,000, adding $2,212 every year, while hoping to spend $25,131 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: 25/47/28 Blend
58$407,000$407,000$407,000$407,000
59$450,796$429,225$422,916$458,066
60$470,038$423,517$410,345$458,596
61$490,400$416,688$396,510$456,884
62$511,971$408,656$381,343$454,528
63$534,845$399,333$364,771$451,490
64$559,128$388,630$346,720$447,733
65$584,935$376,448$327,111$443,217
66$612,390$362,686$305,861$437,904
67$641,632$347,235$282,885$431,752
68$672,809$329,981$258,092$424,721
69$706,087$310,801$231,390$416,768
70$741,646$289,569$202,679$407,852
71$779,683$266,147$171,859$397,932
72$820,416$240,393$138,821$386,964
73$864,081$212,155$103,454$374,908
74$910,939$181,273$65,642$361,722
75$961,277$147,577$25,262$347,368
76$1,015,408$110,889$0$331,806
77$1,073,676$71,019$0$320,326
78$1,136,461$27,770$0$315,970
79$1,204,179$0$0$311,191
80$1,277,285$0$0$315,870
81$1,356,281$0$0$336,499
82$1,441,720$0$0$358,866
83$1,534,207$0$0$383,139
84$1,634,409$0$0$409,500
85$1,743,059$0$0$438,148
86$1,860,961$0$0$469,305
87$1,989,004$0$0$503,214
88$2,128,161$0$0$540,142
89$2,279,504$0$0$580,383
90$2,444,214$0$0$624,260
91$2,623,589$0$0$672,131
92$2,819,057$0$0$724,386
93$3,032,191$0$0$781,458
94$3,264,720$0$0$843,822
95$3,518,550$0$0$912,000
96$3,795,776$0$0$986,569
97$4,098,707$0$0$1,068,163
98$4,429,883$0$0$1,157,480
99$4,792,102$0$0$1,255,288
100$5,188,444$0$0$1,362,435