Can I retire at age 59 with 409,000?

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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$33,775$33,474$33,180$32,894$32,614$32,100
2 years$16,720$16,409$16,107$15,814$15,531$15,014
3 years$11,036$10,723$10,422$10,132$9,853$9,350
4 years$8,195$7,883$7,585$7,300$7,027$6,542
5 years$6,490$6,180$5,886$5,607$5,342$4,876
6 years$5,354$5,047$4,757$4,484$4,227$3,780
7 years$4,543$4,238$3,953$3,687$3,438$3,010
8 years$3,935$3,633$3,352$3,093$2,852$2,444
9 years$3,462$3,163$2,887$2,634$2,402$2,013
10 years$3,085$2,788$2,517$2,271$2,046$1,676
11 years$2,776$2,482$2,216$1,976$1,760$1,408
12 years$2,518$2,228$1,967$1,733$1,525$1,192
13 years$2,301$2,013$1,757$1,530$1,330$1,014
14 years$2,114$1,830$1,579$1,358$1,166$867
15 years$1,953$1,672$1,426$1,211$1,026$744
16 years$1,812$1,534$1,292$1,085$907$641
17 years$1,688$1,413$1,176$975$804$553
18 years$1,577$1,305$1,074$878$715$479
19 years$1,479$1,210$983$794$638$416
20 years$1,390$1,124$902$719$569$361
21 years$1,310$1,047$830$652$510$314
22 years$1,237$977$765$593$457$274
23 years$1,171$914$706$540$410$239
24 years$1,110$856$653$493$369$208
25 years$1,054$804$605$450$332$182
26 years$1,003$755$561$411$299$159
27 years$956$711$521$377$269$139
28 years$912$670$484$345$243$122
29 years$871$632$451$316$219$107
30 years$833$597$420$290$198$94
31 years$797$564$391$267$179$82
32 years$764$534$365$245$162$72
33 years$732$506$341$225$147$63
34 years$703$479$318$207$133$55
35 years$676$454$298$191$120$49
36 years$650$431$279$176$109$43
37 years$625$410$261$162$99$37
38 years$602$389$244$149$90$33
39 years$580$370$229$138$81$29
40 years$559$352$214$127$74$25
41 years$539$335$201$117$67$22
42 years$521$319$189$108$61$20
43 years$503$304$177$100$55$17
44 years$486$290$166$92$50$15
45 years$470$277$156$85$45$13
46 years$454$264$146$79$41$12
47 years$440$252$138$73$37$10
48 years$426$240$129$67$34$9
49 years$412$230$122$62$31$8
50 years$399$219$114$57$28$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $409,000, adding $4,731 every year, while hoping to spend $29,976 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: 64/25/11 Blend
58$409,000$409,000$409,000$409,000
59$455,598$433,921$427,582$483,333
60$470,175$423,289$410,011$491,815
61$485,234$411,131$390,848$497,150
62$500,792$397,341$370,006$502,222
63$516,869$381,807$347,397$507,003
64$533,483$364,409$322,928$511,465
65$550,654$345,021$296,502$515,579
66$568,403$323,509$268,017$519,313
67$586,753$299,734$237,368$522,634
68$605,726$273,545$204,444$525,505
69$625,347$244,785$169,130$527,891
70$645,640$213,288$131,304$529,752
71$666,634$178,878$90,842$531,045
72$688,356$141,368$47,610$531,728
73$710,836$100,563$1,473$531,755
74$734,106$56,255$0$531,077
75$758,198$8,224$0$535,250
76$783,147$0$0$539,161
77$808,992$0$0$554,640
78$835,770$0$0$573,025
79$863,524$0$0$592,081
80$892,298$0$0$611,841
81$922,138$0$0$632,336
82$953,095$0$0$653,602
83$985,222$0$0$675,675
84$1,018,576$0$0$698,594
85$1,053,217$0$0$722,403
86$1,089,210$0$0$747,145
87$1,126,624$0$0$772,869
88$1,165,534$0$0$799,627
89$1,206,017$0$0$827,474
90$1,248,161$0$0$856,469
91$1,292,056$0$0$886,676
92$1,337,800$0$0$918,164
93$1,385,500$0$0$951,007
94$1,435,269$0$0$985,284
95$1,487,231$0$0$1,021,082
96$1,541,518$0$0$1,058,493
97$1,598,275$0$0$1,097,618
98$1,657,655$0$0$1,138,565
99$1,719,827$0$0$1,181,452
100$1,784,973$0$0$1,226,405