Can I retire at age 59 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$34,270$33,965$33,667$33,377$33,093$31,944
2 years$16,966$16,650$16,343$16,046$15,758$14,613
3 years$11,198$10,881$10,575$10,281$9,998$8,892
4 years$8,315$7,998$7,696$7,407$7,131$6,072
5 years$6,585$6,271$5,972$5,689$5,420$4,413
6 years$5,433$5,121$4,827$4,550$4,289$3,332
7 years$4,610$4,300$4,011$3,741$3,488$2,583
8 years$3,993$3,686$3,402$3,138$2,894$2,039
9 years$3,513$3,209$2,930$2,673$2,437$1,631
10 years$3,130$2,829$2,554$2,304$2,076$1,319
11 years$2,816$2,518$2,249$2,005$1,786$1,074
12 years$2,555$2,260$1,996$1,759$1,548$881
13 years$2,334$2,043$1,783$1,553$1,349$726
14 years$2,145$1,857$1,602$1,378$1,183$601
15 years$1,982$1,696$1,446$1,229$1,042$498
16 years$1,839$1,556$1,311$1,101$921$415
17 years$1,712$1,433$1,193$989$816$346
18 years$1,600$1,324$1,089$891$726$289
19 years$1,500$1,227$997$805$647$242
20 years$1,410$1,141$915$729$578$203
21 years$1,329$1,062$842$662$517$170
22 years$1,255$992$776$602$463$143
23 years$1,188$928$716$548$416$120
24 years$1,127$869$663$500$374$101
25 years$1,070$816$614$457$336$85
26 years$1,018$767$569$417$303$71
27 years$970$721$528$382$273$60
28 years$925$680$491$350$247$50
29 years$883$641$457$321$223$43
30 years$845$606$426$295$201$36
31 years$809$572$397$271$182$30
32 years$775$542$370$249$165$25
33 years$743$513$346$229$149$21
34 years$713$486$323$210$135$18
35 years$685$461$302$194$122$15
36 years$659$438$283$178$111$13
37 years$634$416$265$164$100$11
38 years$611$395$248$151$91$9
39 years$588$376$232$140$82$8
40 years$567$357$218$129$75$6
41 years$547$340$204$119$68$5
42 years$528$324$191$110$62$5
43 years$510$309$180$101$56$4
44 years$493$294$169$94$51$3
45 years$477$281$158$86$46$3
46 years$461$268$149$80$42$2
47 years$446$255$140$74$38$2
48 years$432$244$131$68$34$2
49 years$418$233$123$63$31$1
50 years$405$222$116$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $415,000, adding $3,922 every year, while hoping to spend $29,919 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: 35/45/20 Blend
58$415,000$415,000$415,000$415,000
59$461,376$439,381$432,948$474,592
60$476,602$429,077$415,618$474,331
61$492,379$417,265$396,705$470,996
62$508,731$403,840$376,124$466,778
63$525,684$388,691$353,787$461,617
64$543,266$371,699$329,600$455,449
65$561,506$352,738$303,469$448,206
66$580,435$331,678$275,290$439,816
67$600,087$308,378$244,960$430,206
68$620,498$282,691$212,369$419,296
69$641,706$254,460$177,400$407,004
70$663,751$223,519$139,934$393,243
71$686,677$189,696$99,845$377,921
72$710,532$152,804$57,004$360,943
73$735,365$112,650$11,272$342,207
74$761,229$69,028$0$321,608
75$788,185$21,720$0$307,045
76$816,293$0$0$293,479
77$845,620$0$0$293,024
78$876,241$0$0$303,791
79$908,232$0$0$315,053
80$941,679$0$0$326,843
81$976,672$0$0$339,195
82$1,013,312$0$0$352,145
83$1,051,705$0$0$365,735
84$1,091,968$0$0$380,007
85$1,134,227$0$0$395,010
86$1,178,619$0$0$410,794
87$1,225,292$0$0$427,416
88$1,274,410$0$0$444,938
89$1,326,148$0$0$463,425
90$1,380,699$0$0$482,951
91$1,438,271$0$0$503,595
92$1,499,093$0$0$525,443
93$1,563,414$0$0$548,590
94$1,631,504$0$0$573,138
95$1,703,662$0$0$599,201
96$1,780,210$0$0$626,902
97$1,861,504$0$0$656,375
98$1,947,931$0$0$687,770
99$2,039,915$0$0$721,246
100$2,137,919$0$0$756,982