Can I retire at age 59 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$34,023$33,720$33,424$33,135$32,853$32,296
2 years$16,843$16,529$16,225$15,930$15,645$15,084
3 years$11,117$10,802$10,499$10,207$9,926$9,380
4 years$8,255$7,941$7,640$7,353$7,079$6,553
5 years$6,538$6,226$5,929$5,648$5,381$4,876
6 years$5,393$5,084$4,792$4,517$4,258$3,774
7 years$4,576$4,269$3,982$3,714$3,463$3,000
8 years$3,964$3,660$3,377$3,115$2,873$2,432
9 years$3,488$3,186$2,909$2,653$2,419$1,999
10 years$3,107$2,809$2,536$2,287$2,061$1,662
11 years$2,796$2,500$2,232$1,991$1,773$1,394
12 years$2,537$2,244$1,981$1,746$1,536$1,177
13 years$2,318$2,028$1,770$1,542$1,340$1,000
14 years$2,130$1,843$1,590$1,368$1,174$853
15 years$1,967$1,684$1,436$1,220$1,034$731
16 years$1,825$1,545$1,302$1,093$914$628
17 years$1,700$1,423$1,185$982$810$541
18 years$1,589$1,315$1,081$885$720$467
19 years$1,490$1,219$990$799$642$404
20 years$1,400$1,132$909$724$574$351
21 years$1,320$1,055$836$657$513$304
22 years$1,246$985$770$597$460$265
23 years$1,179$921$711$544$413$230
24 years$1,118$863$658$496$371$201
25 years$1,062$810$609$453$334$175
26 years$1,010$761$565$414$301$152
27 years$963$716$525$379$271$133
28 years$918$675$488$348$245$116
29 years$877$637$454$319$221$102
30 years$839$601$423$292$200$89
31 years$803$568$394$269$181$78
32 years$769$538$368$247$163$68
33 years$738$509$343$227$148$59
34 years$708$483$321$209$134$52
35 years$681$458$300$192$121$45
36 years$654$435$281$177$110$40
37 years$630$413$263$163$100$35
38 years$606$392$246$150$90$31
39 years$584$373$230$139$82$27
40 years$563$355$216$128$74$23
41 years$543$338$203$118$67$20
42 years$525$322$190$109$61$18
43 years$507$307$178$101$55$16
44 years$490$292$167$93$50$14
45 years$473$279$157$86$46$12
46 years$458$266$148$79$41$11
47 years$443$254$139$73$38$9
48 years$429$242$130$68$34$8
49 years$415$231$122$62$31$7
50 years$402$221$115$58$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $412,000, adding $3,762 every year, while hoping to spend $23,010 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: 74/21/5 Blend
58$412,000$412,000$412,000$412,000
59$457,905$436,069$429,683$491,338
60$480,128$432,953$419,594$510,734
61$503,848$428,914$408,397$528,676
62$529,191$423,882$396,029$547,664
63$556,299$417,783$382,427$567,795
64$585,325$410,538$367,522$589,174
65$616,439$402,065$351,245$611,915
66$649,826$392,277$333,522$636,148
67$685,690$381,080$314,276$662,015
68$724,254$368,376$293,427$689,670
69$765,762$354,061$270,892$719,288
70$810,485$338,025$246,582$751,060
71$858,718$320,152$220,406$785,195
72$910,787$300,318$192,269$821,927
73$967,047$278,394$162,070$861,514
74$1,027,892$254,241$129,705$904,239
75$1,093,752$227,714$95,066$950,418
76$1,165,102$198,660$58,038$1,000,396
77$1,242,463$166,915$18,503$1,054,557
78$1,326,408$132,308$0$1,113,324
79$1,417,568$94,657$0$1,178,429
80$1,516,636$53,771$0$1,250,260
81$1,624,375$9,448$0$1,328,406
82$1,741,624$0$0$1,413,505
83$1,869,307$0$0$1,515,163
84$2,008,440$0$0$1,628,333
85$2,160,141$0$0$1,751,742
86$2,325,640$0$0$1,886,395
87$2,506,294$0$0$2,033,395
88$2,703,592$0$0$2,193,960
89$2,919,177$0$0$2,369,426
90$3,154,856$0$0$2,561,267
91$3,412,618$0$0$2,771,107
92$3,694,656$0$0$3,000,730
93$4,003,380$0$0$3,252,105
94$4,341,449$0$0$3,527,397
95$4,711,787$0$0$3,828,992
96$5,117,615$0$0$4,159,516
97$5,562,483$0$0$4,521,862
98$6,050,298$0$0$4,919,217
99$6,585,364$0$0$5,355,090
100$7,172,422$0$0$5,833,347