Can I retire at age 59 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$34,188$33,883$33,586$33,296$33,013$32,805
2 years$16,925$16,609$16,304$16,008$15,720$15,511
3 years$11,171$10,854$10,550$10,256$9,974$9,769
4 years$8,295$7,979$7,677$7,389$7,113$6,914
5 years$6,569$6,256$5,958$5,676$5,407$5,215
6 years$5,420$5,108$4,815$4,539$4,279$4,094
7 years$4,599$4,290$4,001$3,732$3,480$3,302
8 years$3,983$3,677$3,393$3,130$2,887$2,716
9 years$3,505$3,202$2,923$2,666$2,431$2,268
10 years$3,122$2,822$2,548$2,298$2,071$1,915
11 years$2,809$2,512$2,243$2,000$1,781$1,632
12 years$2,549$2,255$1,991$1,755$1,544$1,401
13 years$2,329$2,038$1,779$1,549$1,346$1,210
14 years$2,140$1,852$1,598$1,375$1,180$1,051
15 years$1,977$1,692$1,443$1,226$1,039$916
16 years$1,834$1,553$1,308$1,098$918$802
17 years$1,708$1,430$1,190$987$814$703
18 years$1,597$1,321$1,087$889$724$619
19 years$1,497$1,224$995$803$645$546
20 years$1,407$1,138$913$728$576$482
21 years$1,326$1,060$840$660$516$427
22 years$1,252$989$774$600$462$379
23 years$1,185$925$715$547$415$336
24 years$1,124$867$661$499$373$299
25 years$1,067$814$612$455$336$266
26 years$1,015$765$568$416$302$237
27 years$967$720$527$381$273$211
28 years$923$678$490$349$246$188
29 years$881$640$456$320$222$168
30 years$843$604$425$294$201$150
31 years$807$571$396$270$181$134
32 years$773$540$370$248$164$120
33 years$741$512$345$228$149$107
34 years$712$485$322$210$134$96
35 years$684$460$301$193$122$85
36 years$658$437$282$178$110$76
37 years$633$415$264$164$100$68
38 years$609$394$247$151$91$61
39 years$587$375$232$139$82$55
40 years$566$357$217$129$75$49
41 years$546$339$203$119$68$44
42 years$527$323$191$109$61$39
43 years$509$308$179$101$56$35
44 years$492$294$168$93$51$32
45 years$476$280$158$86$46$28
46 years$460$267$148$80$42$25
47 years$445$255$139$74$38$23
48 years$431$243$131$68$34$20
49 years$417$232$123$63$31$18
50 years$404$222$116$58$28$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $414,000, adding $2,136 every year, while hoping to spend $38,729 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: 55/39/6 Blend
58$414,000$414,000$414,000$414,000
59$458,431$436,489$430,072$482,926
60$463,984$416,670$403,272$479,873
61$468,805$394,581$374,277$472,061
62$472,779$370,072$342,971$462,604
63$475,777$342,980$309,235$451,353
64$477,656$313,136$272,944$438,142
65$478,257$280,360$233,968$422,794
66$477,404$244,462$192,171$405,116
67$474,901$205,242$147,410$384,898
68$470,529$162,487$99,537$361,913
69$464,048$115,974$48,396$335,913
70$455,190$65,466$0$306,630
71$443,658$10,713$0$274,166
72$429,125$0$0$241,140
73$411,225$0$0$224,952
74$389,557$0$0$211,054
75$363,676$0$0$194,578
76$333,087$0$0$175,224
77$297,247$0$0$152,661
78$255,551$0$0$126,523
79$207,334$0$0$96,405
80$151,859$0$0$61,860
81$88,312$0$0$22,394
82$15,794$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0