Can I retire at age 59 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$35,179$34,865$34,560$34,261$33,970$33,339
2 years$17,415$17,091$16,777$16,472$16,176$15,542
3 years$11,495$11,169$10,856$10,554$10,263$9,646
4 years$8,535$8,210$7,900$7,603$7,320$6,725
5 years$6,760$6,437$6,131$5,840$5,564$4,994
6 years$5,577$5,256$4,955$4,670$4,403$3,857
7 years$4,732$4,414$4,117$3,840$3,581$3,059
8 years$4,099$3,784$3,492$3,221$2,970$2,474
9 years$3,606$3,295$3,007$2,744$2,502$2,029
10 years$3,213$2,904$2,622$2,365$2,131$1,683
11 years$2,891$2,585$2,308$2,058$1,833$1,407
12 years$2,623$2,320$2,049$1,805$1,589$1,185
13 years$2,396$2,097$1,830$1,594$1,385$1,004
14 years$2,202$1,906$1,645$1,415$1,214$855
15 years$2,034$1,741$1,485$1,262$1,069$730
16 years$1,887$1,598$1,346$1,130$945$626
17 years$1,758$1,471$1,225$1,015$838$538
18 years$1,643$1,360$1,118$915$745$463
19 years$1,540$1,260$1,024$827$664$399
20 years$1,448$1,171$939$749$593$345
21 years$1,364$1,091$864$679$531$299
22 years$1,289$1,018$796$618$476$259
23 years$1,220$952$735$563$427$225
24 years$1,156$892$680$513$384$195
25 years$1,098$837$630$469$345$169
26 years$1,045$787$584$429$311$147
27 years$995$740$542$392$281$128
28 years$949$698$504$359$253$112
29 years$907$658$469$330$229$97
30 years$867$622$437$302$207$85
31 years$830$588$408$278$187$74
32 years$795$556$380$255$169$64
33 years$763$527$355$235$153$56
34 years$732$499$332$216$138$49
35 years$704$473$310$199$125$43
36 years$677$449$290$183$114$37
37 years$651$427$272$169$103$32
38 years$627$406$254$156$93$28
39 years$604$386$238$143$85$25
40 years$582$367$223$132$77$22
41 years$562$349$209$122$70$19
42 years$542$333$196$113$63$16
43 years$524$317$184$104$57$14
44 years$506$302$173$96$52$13
45 years$489$288$162$89$47$11
46 years$473$275$153$82$43$10
47 years$458$262$143$76$39$8
48 years$443$250$135$70$35$7
49 years$429$239$127$65$32$6
50 years$416$228$119$60$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $426,000, adding $2,490 every year, while hoping to spend $23,606 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: 47/41/12 Blend
58$426,000$426,000$426,000$426,000
59$472,020$449,442$442,839$492,515
60$495,050$446,349$432,558$503,832
61$519,637$442,312$421,141$513,471
62$545,916$437,261$408,525$523,404
63$574,034$431,121$394,645$533,666
64$604,152$423,812$379,432$544,298
65$636,445$415,249$362,813$555,344
66$671,109$405,343$344,714$566,860
67$708,356$393,998$325,055$578,902
68$748,419$381,115$303,755$591,541
69$791,554$366,586$280,727$604,851
70$838,043$350,299$255,882$618,918
71$888,195$332,136$229,126$633,842
72$942,350$311,969$200,361$649,730
73$1,000,881$289,667$169,484$666,706
74$1,064,197$265,087$136,388$684,910
75$1,132,751$238,082$100,963$704,497
76$1,207,038$208,494$63,091$725,641
77$1,287,602$176,156$22,651$748,539
78$1,375,043$140,894$0$773,409
79$1,470,020$102,521$0$803,122
80$1,573,259$60,841$0$838,594
81$1,685,557$15,648$0$877,244
82$1,807,793$0$0$919,434
83$1,940,930$0$0$980,577
84$2,086,034$0$0$1,054,953
85$2,244,272$0$0$1,136,108
86$2,416,933$0$0$1,224,708
87$2,605,433$0$0$1,321,486
88$2,811,332$0$0$1,427,248
89$3,036,348$0$0$1,542,884
90$3,282,370$0$0$1,669,371
91$3,551,481$0$0$1,807,787
92$3,845,972$0$0$1,959,318
93$4,168,366$0$0$2,125,270
94$4,521,443$0$0$2,307,081
95$4,908,262$0$0$2,506,336
96$5,332,195$0$0$2,724,778
97$5,796,952$0$0$2,964,329
98$6,306,622$0$0$3,227,106
99$6,865,707$0$0$3,515,440
100$7,479,167$0$0$3,831,897