Can I retire at age 59 with 416,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$34,353$34,047$33,748$33,457$33,172$32,240
2 years$17,006$16,690$16,383$16,085$15,796$14,864
3 years$11,225$10,907$10,601$10,306$10,022$9,119
4 years$8,335$8,018$7,715$7,425$7,148$6,281
5 years$6,601$6,286$5,987$5,703$5,434$4,605
6 years$5,446$5,133$4,838$4,561$4,299$3,511
7 years$4,621$4,311$4,021$3,750$3,497$2,747
8 years$4,002$3,695$3,410$3,145$2,901$2,190
9 years$3,522$3,217$2,937$2,679$2,443$1,771
10 years$3,137$2,836$2,560$2,310$2,081$1,447
11 years$2,823$2,525$2,254$2,010$1,790$1,192
12 years$2,561$2,266$2,001$1,763$1,551$988
13 years$2,340$2,048$1,787$1,556$1,353$824
14 years$2,151$1,861$1,606$1,382$1,186$690
15 years$1,986$1,700$1,450$1,232$1,044$579
16 years$1,843$1,560$1,315$1,103$923$488
17 years$1,717$1,437$1,196$991$818$412
18 years$1,604$1,328$1,092$893$727$349
19 years$1,504$1,230$1,000$807$648$296
20 years$1,414$1,143$917$731$579$251
21 years$1,332$1,065$844$664$518$213
22 years$1,258$994$778$603$465$181
23 years$1,191$930$718$549$417$154
24 years$1,129$871$664$501$375$132
25 years$1,073$818$615$458$337$112
26 years$1,020$768$570$418$304$96
27 years$972$723$530$383$274$82
28 years$927$681$492$351$247$70
29 years$886$643$458$322$223$59
30 years$847$607$427$295$202$51
31 years$811$574$398$271$182$43
32 years$777$543$371$249$165$37
33 years$745$514$347$229$149$32
34 years$715$487$324$211$135$27
35 years$687$462$303$194$122$23
36 years$661$439$283$179$111$20
37 years$636$417$265$165$101$17
38 years$612$396$248$152$91$14
39 years$590$377$233$140$83$12
40 years$569$358$218$129$75$11
41 years$549$341$204$119$68$9
42 years$530$325$192$110$62$8
43 years$512$309$180$102$56$7
44 years$494$295$169$94$51$6
45 years$478$281$159$87$46$5
46 years$462$268$149$80$42$4
47 years$447$256$140$74$38$4
48 years$433$244$132$68$35$3
49 years$419$233$124$63$31$3
50 years$406$223$116$58$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $416,000, adding $2,054 every year, while hoping to spend $29,710 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: 71/5/24 Blend
58$416,000$416,000$416,000$416,000
59$460,551$438,503$432,055$490,335
60$475,916$428,378$414,917$500,371
61$491,852$416,762$396,210$507,673
62$508,387$403,549$375,849$514,952
63$525,549$388,629$353,746$522,203
64$543,368$371,886$329,811$529,421
65$561,878$353,194$303,946$536,601
66$581,113$332,424$276,051$543,739
67$601,111$309,437$246,023$550,831
68$621,911$284,087$213,752$557,874
69$643,557$256,218$179,123$564,865
70$666,094$225,667$142,018$571,802
71$689,573$192,261$102,313$578,684
72$714,045$155,818$59,876$585,510
73$739,569$116,144$14,573$592,282
74$766,206$73,037$0$599,003
75$794,023$26,279$0$614,326
76$823,092$0$0$634,152
77$853,490$0$0$656,135
78$885,301$0$0$680,658
79$918,618$0$0$706,346
80$953,537$0$0$733,277
81$990,167$0$0$761,534
82$1,028,623$0$0$791,208
83$1,069,032$0$0$822,396
84$1,111,530$0$0$855,205
85$1,156,267$0$0$889,752
86$1,203,405$0$0$926,163
87$1,253,121$0$0$964,576
88$1,305,607$0$0$1,005,142
89$1,361,074$0$0$1,048,024
90$1,419,751$0$0$1,093,402
91$1,481,888$0$0$1,141,470
92$1,547,758$0$0$1,192,442
93$1,617,662$0$0$1,246,551
94$1,691,924$0$0$1,304,052
95$1,770,903$0$0$1,365,225
96$1,854,989$0$0$1,430,374
97$1,944,611$0$0$1,499,834
98$2,040,237$0$0$1,573,972
99$2,142,381$0$0$1,653,187
100$2,251,607$0$0$1,737,921