Can I retire at age 59 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$34,353$34,047$33,748$33,457$33,172$32,344
2 years$17,006$16,690$16,383$16,085$15,796$14,967
3 years$11,225$10,907$10,601$10,306$10,022$9,218
4 years$8,335$8,018$7,715$7,425$7,148$6,375
5 years$6,601$6,286$5,987$5,703$5,434$4,694
6 years$5,446$5,133$4,838$4,561$4,299$3,594
7 years$4,621$4,311$4,021$3,750$3,497$2,825
8 years$4,002$3,695$3,410$3,145$2,901$2,263
9 years$3,522$3,217$2,937$2,679$2,443$1,838
10 years$3,137$2,836$2,560$2,310$2,081$1,510
11 years$2,823$2,525$2,254$2,010$1,790$1,250
12 years$2,561$2,266$2,001$1,763$1,551$1,042
13 years$2,340$2,048$1,787$1,556$1,353$873
14 years$2,151$1,861$1,606$1,382$1,186$735
15 years$1,986$1,700$1,450$1,232$1,044$621
16 years$1,843$1,560$1,315$1,103$923$526
17 years$1,717$1,437$1,196$991$818$447
18 years$1,604$1,328$1,092$893$727$380
19 years$1,504$1,230$1,000$807$648$324
20 years$1,414$1,143$917$731$579$277
21 years$1,332$1,065$844$664$518$237
22 years$1,258$994$778$603$465$203
23 years$1,191$930$718$549$417$174
24 years$1,129$871$664$501$375$149
25 years$1,073$818$615$458$337$128
26 years$1,020$768$570$418$304$110
27 years$972$723$530$383$274$94
28 years$927$681$492$351$247$81
29 years$886$643$458$322$223$70
30 years$847$607$427$295$202$60
31 years$811$574$398$271$182$51
32 years$777$543$371$249$165$44
33 years$745$514$347$229$149$38
34 years$715$487$324$211$135$33
35 years$687$462$303$194$122$28
36 years$661$439$283$179$111$24
37 years$636$417$265$165$101$21
38 years$612$396$248$152$91$18
39 years$590$377$233$140$83$15
40 years$569$358$218$129$75$13
41 years$549$341$204$119$68$11
42 years$530$325$192$110$62$10
43 years$512$309$180$102$56$9
44 years$494$295$169$94$51$7
45 years$478$281$159$87$46$6
46 years$462$268$149$80$42$5
47 years$447$256$140$74$38$5
48 years$433$244$132$68$35$4
49 years$419$233$124$63$31$3
50 years$406$223$116$58$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $416,000, adding $2,901 every year, while hoping to spend $33,427 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: 71/13/16 Blend
58$416,000$416,000$416,000$416,000
59$461,424$439,376$432,928$492,283
60$472,924$425,340$411,865$499,127
61$484,475$409,495$388,977$502,314
62$496,050$391,718$364,165$504,941
63$507,613$371,878$337,331$506,945
64$519,126$349,837$308,368$508,262
65$530,545$325,447$277,166$508,817
66$541,820$298,554$243,611$508,533
67$552,896$268,993$207,582$507,324
68$563,710$236,592$168,955$505,096
69$574,191$201,168$127,597$501,748
70$584,260$162,526$83,373$497,168
71$593,828$120,464$36,140$491,237
72$602,797$74,765$0$483,822
73$611,054$25,201$0$477,215
74$618,478$0$0$475,568
75$624,929$0$0$476,635
76$630,254$0$0$480,413
77$634,282$0$0$483,164
78$636,823$0$0$484,739
79$637,665$0$0$484,972
80$636,574$0$0$483,679
81$633,288$0$0$480,655
82$627,518$0$0$475,673
83$618,943$0$0$468,481
84$607,207$0$0$458,801
85$591,915$0$0$446,324
86$572,632$0$0$430,706
87$548,872$0$0$411,570
88$520,100$0$0$388,495
89$485,723$0$0$361,017
90$445,087$0$0$328,623
91$397,464$0$0$290,744
92$342,054$0$0$246,753
93$277,970$0$0$195,954
94$204,231$0$0$137,581
95$119,755$0$0$70,786
96$23,346$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0