Can I retire at age 59 with 410,000?

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 $410,000?

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$33,857$33,556$33,262$32,974$32,694$31,609
2 years$16,761$16,449$16,146$15,853$15,569$14,486
3 years$11,063$10,750$10,448$10,157$9,877$8,832
4 years$8,215$7,902$7,603$7,318$7,045$6,043
5 years$6,506$6,195$5,900$5,621$5,355$4,401
6 years$5,367$5,059$4,768$4,495$4,237$3,331
7 years$4,554$4,248$3,963$3,696$3,446$2,587
8 years$3,945$3,642$3,361$3,100$2,859$2,047
9 years$3,471$3,171$2,894$2,641$2,408$1,642
10 years$3,092$2,795$2,523$2,276$2,051$1,331
11 years$2,782$2,488$2,222$1,981$1,764$1,087
12 years$2,524$2,233$1,972$1,738$1,529$894
13 years$2,306$2,018$1,762$1,534$1,333$738
14 years$2,120$1,834$1,583$1,362$1,169$613
15 years$1,958$1,676$1,429$1,214$1,029$510
16 years$1,816$1,538$1,296$1,087$909$426
17 years$1,692$1,416$1,179$977$806$356
18 years$1,581$1,308$1,076$880$717$298
19 years$1,482$1,213$985$796$639$250
20 years$1,393$1,127$904$721$571$210
21 years$1,313$1,050$832$654$511$177
22 years$1,240$980$767$595$458$149
23 years$1,174$916$708$542$411$126
24 years$1,113$859$655$494$369$106
25 years$1,057$806$606$451$332$89
26 years$1,006$757$562$412$299$75
27 years$958$713$522$377$270$64
28 years$914$672$485$346$244$54
29 years$873$634$452$317$220$45
30 years$835$598$421$291$199$38
31 years$799$566$392$267$180$32
32 years$766$535$366$246$163$27
33 years$734$507$342$226$147$23
34 years$705$480$319$208$133$20
35 years$677$456$298$191$121$17
36 years$651$432$279$176$109$14
37 years$627$411$261$162$99$12
38 years$603$390$245$150$90$10
39 years$581$371$229$138$81$8
40 years$561$353$215$127$74$7
41 years$541$336$202$117$67$6
42 years$522$320$189$108$61$5
43 years$504$305$177$100$55$4
44 years$487$291$167$92$50$4
45 years$471$277$156$85$45$3
46 years$455$264$147$79$41$3
47 years$441$252$138$73$37$2
48 years$427$241$130$67$34$2
49 years$413$230$122$62$31$2
50 years$400$220$115$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $410,000, adding $2,035 every year, while hoping to spend $24,838 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: 44/43/13 Blend
58$410,000$410,000$410,000$410,000
59$453,919$432,189$425,834$472,109
60$473,791$426,939$413,672$479,748
61$494,858$420,599$400,270$485,361
62$517,215$413,090$385,561$490,899
63$540,967$404,327$369,473$496,363
64$566,227$394,221$351,932$501,761
65$593,122$382,677$332,861$507,099
66$621,788$369,596$312,180$512,387
67$652,375$354,871$289,803$517,640
68$685,048$338,390$265,641$522,875
69$719,987$320,035$239,604$528,114
70$757,389$299,680$211,594$533,381
71$797,470$277,192$181,510$538,710
72$840,469$252,431$149,248$544,139
73$886,646$225,250$114,697$549,711
74$936,287$195,490$77,742$555,480
75$989,707$162,988$38,265$561,508
76$1,047,250$127,567$0$567,865
77$1,109,295$89,043$0$575,172
78$1,176,258$47,221$0$588,686
79$1,248,596$1,895$0$603,223
80$1,326,812$0$0$618,928
81$1,411,459$0$0$658,277
82$1,503,142$0$0$701,911
83$1,602,531$0$0$749,254
84$1,710,358$0$0$800,662
85$1,827,431$0$0$856,526
86$1,954,638$0$0$917,275
87$2,092,956$0$0$983,382
88$2,243,459$0$0$1,055,367
89$2,407,329$0$0$1,133,802
90$2,585,868$0$0$1,219,318
91$2,780,507$0$0$1,312,607
92$2,992,821$0$0$1,414,433
93$3,224,546$0$0$1,525,635
94$3,477,591$0$0$1,647,138
95$3,754,056$0$0$1,779,959
96$4,056,256$0$0$1,925,220
97$4,386,738$0$0$2,084,155
98$4,748,307$0$0$2,258,121
99$5,144,050$0$0$2,448,616
100$5,577,369$0$0$2,657,286