Can I retire at age 59 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$35,344$35,029$34,722$34,422$34,129$33,372
2 years$17,497$17,171$16,855$16,549$16,252$15,493
3 years$11,549$11,221$10,906$10,603$10,311$9,574
4 years$8,575$8,249$7,937$7,639$7,354$6,644
5 years$6,792$6,467$6,160$5,867$5,590$4,911
6 years$5,603$5,281$4,978$4,692$4,423$3,774
7 years$4,754$4,435$4,137$3,858$3,597$2,978
8 years$4,118$3,802$3,508$3,236$2,984$2,396
9 years$3,623$3,310$3,022$2,757$2,513$1,954
10 years$3,228$2,918$2,634$2,376$2,141$1,612
11 years$2,904$2,597$2,319$2,068$1,842$1,341
12 years$2,635$2,331$2,058$1,814$1,596$1,123
13 years$2,408$2,107$1,839$1,601$1,392$945
14 years$2,213$1,915$1,652$1,422$1,220$799
15 years$2,044$1,749$1,492$1,268$1,074$679
16 years$1,896$1,605$1,352$1,135$949$578
17 years$1,766$1,478$1,231$1,020$842$493
18 years$1,651$1,366$1,123$919$748$422
19 years$1,547$1,266$1,028$831$667$362
20 years$1,455$1,176$944$752$596$311
21 years$1,371$1,096$868$683$533$267
22 years$1,295$1,023$800$621$478$230
23 years$1,225$957$739$565$429$198
24 years$1,162$896$683$516$386$171
25 years$1,103$841$633$471$347$147
26 years$1,050$791$587$431$313$127
27 years$1,000$744$545$394$282$110
28 years$954$701$507$361$254$95
29 years$911$661$472$331$230$82
30 years$871$625$439$304$207$71
31 years$834$590$409$279$188$61
32 years$799$559$382$256$170$53
33 years$766$529$357$236$154$46
34 years$736$501$333$217$139$40
35 years$707$476$312$200$126$34
36 years$680$451$291$184$114$30
37 years$654$429$273$170$103$26
38 years$630$407$255$156$94$22
39 years$607$387$239$144$85$19
40 years$585$369$224$133$77$17
41 years$565$351$210$123$70$15
42 years$545$334$197$113$63$13
43 years$526$318$185$104$58$11
44 years$509$304$174$96$52$9
45 years$492$289$163$89$47$8
46 years$475$276$153$82$43$7
47 years$460$263$144$76$39$6
48 years$445$252$135$70$36$5
49 years$431$240$127$65$32$5
50 years$418$229$120$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $428,000, adding $3,618 every year, while hoping to spend $21,888 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: 71/19/10 Blend
58$428,000$428,000$428,000$428,000
59$475,388$452,704$446,070$507,965
60$500,589$451,598$437,725$528,899
61$527,627$449,704$428,366$548,772
62$556,666$446,960$417,937$569,932
63$587,886$443,302$406,379$592,502
64$621,486$438,659$393,628$616,617
65$657,682$432,958$379,619$642,424
66$696,714$426,122$364,285$670,089
67$738,844$418,066$347,553$699,792
68$784,359$408,704$329,349$731,734
69$833,576$397,944$309,595$766,137
70$886,844$385,686$288,210$803,244
71$944,545$371,828$265,108$843,326
72$1,007,100$356,258$240,200$886,680
73$1,074,971$338,862$213,393$933,637
74$1,148,667$319,515$184,591$984,558
75$1,228,747$298,087$153,691$1,039,847
76$1,315,827$274,442$120,588$1,099,946
77$1,410,585$248,433$85,171$1,165,344
78$1,513,765$219,906$47,324$1,236,583
79$1,626,187$188,700$6,928$1,314,259
80$1,748,754$154,642$0$1,399,031
81$1,882,459$117,551$0$1,495,486
82$2,028,394$77,236$0$1,601,608
83$2,187,764$33,494$0$1,717,558
84$2,361,892$0$0$1,844,328
85$2,552,237$0$0$1,985,919
86$2,760,405$0$0$2,148,447
87$2,988,162$0$0$2,326,291
88$3,237,456$0$0$2,520,975
89$3,510,429$0$0$2,734,174
90$3,809,443$0$0$2,967,736
91$4,137,096$0$0$3,223,693
92$4,496,250$0$0$3,504,286
93$4,890,060$0$0$3,811,980
94$5,321,996$0$0$4,149,491
95$5,795,885$0$0$4,519,813
96$6,315,938$0$0$4,926,240
97$6,886,795$0$0$5,372,403
98$7,513,569$0$0$5,862,301
99$8,201,891$0$0$6,400,338
100$8,957,962$0$0$6,991,368