Can I retire at age 59 with 413,000?

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 $413,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$34,105$33,801$33,505$33,216$32,933$32,295
2 years$16,884$16,569$16,265$15,969$15,682$15,042
3 years$11,144$10,828$10,524$10,232$9,950$9,327
4 years$8,275$7,960$7,659$7,371$7,096$6,496
5 years$6,554$6,241$5,944$5,662$5,394$4,818
6 years$5,407$5,096$4,803$4,528$4,268$3,717
7 years$4,588$4,280$3,992$3,723$3,471$2,945
8 years$3,974$3,668$3,385$3,123$2,880$2,379
9 years$3,496$3,194$2,916$2,660$2,425$1,949
10 years$3,115$2,815$2,542$2,293$2,066$1,614
11 years$2,803$2,506$2,238$1,995$1,777$1,348
12 years$2,543$2,250$1,986$1,750$1,540$1,134
13 years$2,323$2,033$1,774$1,545$1,343$960
14 years$2,135$1,848$1,594$1,372$1,177$815
15 years$1,972$1,688$1,439$1,223$1,037$696
16 years$1,830$1,549$1,305$1,095$916$595
17 years$1,704$1,426$1,188$984$812$511
18 years$1,593$1,318$1,084$887$722$439
19 years$1,493$1,222$992$801$644$378
20 years$1,404$1,135$911$726$575$327
21 years$1,323$1,057$838$659$515$282
22 years$1,249$987$772$599$461$244
23 years$1,182$923$713$545$414$212
24 years$1,121$865$659$498$372$183
25 years$1,065$812$611$454$335$159
26 years$1,013$763$566$415$302$138
27 years$965$718$526$380$272$120
28 years$920$676$489$348$245$104
29 years$879$638$455$319$222$91
30 years$841$603$424$293$200$79
31 years$805$570$395$269$181$69
32 years$771$539$369$247$164$60
33 years$740$511$344$228$148$52
34 years$710$484$322$209$134$45
35 years$682$459$301$193$122$39
36 years$656$436$281$178$110$34
37 years$631$414$263$164$100$30
38 years$608$393$247$151$90$26
39 years$586$374$231$139$82$23
40 years$565$356$216$128$74$20
41 years$545$339$203$118$68$17
42 years$526$322$190$109$61$15
43 years$508$307$179$101$56$13
44 years$491$293$168$93$50$11
45 years$474$279$157$86$46$10
46 years$459$266$148$79$42$9
47 years$444$254$139$73$38$8
48 years$430$243$131$68$34$7
49 years$416$232$123$63$31$6
50 years$403$221$115$58$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $413,000, adding $5,748 every year, while hoping to spend $28,628 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: 61/27/12 Blend
58$413,000$413,000$413,000$413,000
59$461,055$439,166$432,765$487,516
60$477,623$430,225$416,802$497,033
61$494,921$419,887$399,346$503,644
62$512,994$408,052$380,315$510,159
63$531,889$394,617$359,625$516,571
64$551,658$379,470$337,189$522,872
65$572,358$362,494$312,916$529,054
66$594,049$343,567$286,709$535,113
67$616,796$322,556$258,468$541,043
68$640,672$299,324$228,089$546,840
69$665,753$273,723$195,463$552,501
70$692,124$245,600$160,475$558,024
71$719,877$214,790$123,007$563,411
72$749,111$181,121$82,934$568,664
73$779,934$144,411$40,126$573,788
74$812,466$104,465$0$578,792
75$846,834$61,081$0$584,398
76$883,181$14,043$0$595,440
77$921,658$0$0$606,814
78$962,435$0$0$629,520
79$1,005,694$0$0$658,050
80$1,051,637$0$0$688,366
81$1,100,480$0$0$720,615
82$1,152,466$0$0$754,958
83$1,207,856$0$0$791,570
84$1,266,938$0$0$830,644
85$1,330,026$0$0$872,391
86$1,397,466$0$0$917,043
87$1,469,636$0$0$964,852
88$1,546,950$0$0$1,016,098
89$1,629,864$0$0$1,071,085
90$1,718,877$0$0$1,130,148
91$1,814,535$0$0$1,193,654
92$1,917,442$0$0$1,262,007
93$2,028,257$0$0$1,335,651
94$2,147,704$0$0$1,415,070
95$2,276,581$0$0$1,500,801
96$2,415,763$0$0$1,593,431
97$2,566,210$0$0$1,693,604
98$2,728,981$0$0$1,802,031
99$2,905,236$0$0$1,919,491
100$3,096,253$0$0$2,046,842