Can I retire at age 59 with 411,000?

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 $411,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$33,940$33,638$33,343$33,055$32,774$31,994
2 years$16,802$16,489$16,186$15,892$15,607$14,826
3 years$11,090$10,776$10,473$10,182$9,901$9,144
4 years$8,235$7,921$7,622$7,336$7,062$6,333
5 years$6,522$6,210$5,915$5,634$5,368$4,671
6 years$5,380$5,071$4,780$4,506$4,248$3,582
7 years$4,565$4,259$3,972$3,705$3,455$2,820
8 years$3,954$3,651$3,369$3,108$2,866$2,263
9 years$3,479$3,179$2,902$2,647$2,413$1,842
10 years$3,100$2,802$2,530$2,282$2,056$1,515
11 years$2,789$2,494$2,227$1,986$1,769$1,257
12 years$2,531$2,239$1,976$1,742$1,533$1,050
13 years$2,312$2,023$1,766$1,538$1,336$882
14 years$2,125$1,839$1,587$1,365$1,172$744
15 years$1,963$1,680$1,432$1,217$1,032$630
16 years$1,821$1,541$1,299$1,090$912$535
17 years$1,696$1,419$1,182$979$808$455
18 years$1,585$1,312$1,079$883$719$388
19 years$1,486$1,216$988$798$641$332
20 years$1,397$1,130$906$722$572$284
21 years$1,316$1,052$834$656$512$243
22 years$1,243$982$768$596$459$209
23 years$1,177$919$709$543$412$179
24 years$1,116$861$656$495$370$154
25 years$1,060$808$608$452$333$133
26 years$1,008$759$564$413$300$114
27 years$960$714$523$378$271$98
28 years$916$673$487$347$244$85
29 years$875$635$453$318$221$73
30 years$837$600$422$292$199$63
31 years$801$567$393$268$180$54
32 years$767$536$367$246$163$47
33 years$736$508$343$226$147$40
34 years$707$482$320$208$134$35
35 years$679$457$299$192$121$30
36 years$653$433$280$177$110$26
37 years$628$412$262$163$99$22
38 years$605$391$245$150$90$19
39 years$583$372$230$138$82$17
40 years$562$354$215$128$74$14
41 years$542$337$202$118$67$12
42 years$523$321$190$109$61$11
43 years$505$306$178$100$55$9
44 years$488$291$167$93$50$8
45 years$472$278$157$86$46$7
46 years$457$265$147$79$41$6
47 years$442$253$138$73$38$5
48 years$428$242$130$67$34$4
49 years$414$231$122$62$31$4
50 years$401$220$115$58$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $411,000, adding $6,328 every year, while hoping to spend $26,932 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: 49/43/8 Blend
58$411,000$411,000$411,000$411,000
59$459,449$437,666$431,296$480,690
60$477,658$430,457$417,089$488,689
61$496,821$421,991$401,503$493,996
62$517,007$412,179$384,464$499,131
63$538,292$400,926$365,894$504,084
64$560,758$388,132$345,712$508,848
65$584,493$373,688$323,831$513,416
66$609,595$357,482$300,163$517,781
67$636,171$339,396$274,615$521,941
68$664,335$319,301$247,090$525,892
69$694,216$297,065$217,485$529,634
70$725,951$272,546$185,696$533,171
71$759,692$245,595$151,611$536,506
72$795,605$216,054$115,115$539,649
73$833,871$183,755$76,086$542,613
74$874,690$148,523$34,399$545,415
75$918,279$110,171$0$548,078
76$964,877$68,503$0$551,492
77$1,014,745$23,310$0$558,022
78$1,068,170$0$0$564,783
79$1,125,467$0$0$583,967
80$1,186,981$0$0$616,435
81$1,253,091$0$0$651,361
82$1,324,214$0$0$688,969
83$1,400,804$0$0$729,505
84$1,483,365$0$0$773,239
85$1,572,448$0$0$820,467
86$1,668,656$0$0$871,516
87$1,772,656$0$0$926,744
88$1,885,179$0$0$986,545
89$2,007,028$0$0$1,051,352
90$2,139,087$0$0$1,121,640
91$2,282,327$0$0$1,197,934
92$2,437,817$0$0$1,280,809
93$2,606,731$0$0$1,370,899
94$2,790,363$0$0$1,468,901
95$2,990,134$0$0$1,575,582
96$3,207,609$0$0$1,691,785
97$3,444,510$0$0$1,818,438
98$3,702,731$0$0$1,956,564
99$3,984,358$0$0$2,107,288
100$4,291,684$0$0$2,271,846