Can I retire at age 59 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$35,426$35,111$34,803$34,502$34,209$33,698
2 years$17,538$17,211$16,895$16,588$16,290$15,776
3 years$11,576$11,248$10,932$10,628$10,335$9,834
4 years$8,595$8,268$7,956$7,657$7,371$6,888
5 years$6,807$6,482$6,174$5,881$5,603$5,139
6 years$5,616$5,293$4,989$4,703$4,434$3,988
7 years$4,765$4,445$4,146$3,867$3,606$3,179
8 years$4,128$3,811$3,516$3,244$2,991$2,584
9 years$3,632$3,318$3,029$2,763$2,519$2,131
10 years$3,235$2,924$2,640$2,382$2,146$1,777
11 years$2,911$2,603$2,325$2,073$1,846$1,495
12 years$2,641$2,337$2,063$1,818$1,600$1,266
13 years$2,413$2,112$1,843$1,605$1,395$1,079
14 years$2,218$1,919$1,656$1,425$1,223$924
15 years$2,049$1,753$1,495$1,271$1,077$794
16 years$1,901$1,609$1,356$1,138$952$685
17 years$1,770$1,482$1,234$1,022$844$592
18 years$1,654$1,369$1,126$921$750$513
19 years$1,551$1,269$1,031$832$669$446
20 years$1,458$1,179$946$754$597$388
21 years$1,374$1,098$870$684$534$338
22 years$1,298$1,025$802$622$479$295
23 years$1,228$959$741$567$430$258
24 years$1,165$898$685$517$387$225
25 years$1,106$843$634$472$348$197
26 years$1,052$792$588$432$313$173
27 years$1,002$746$546$395$282$151
28 years$956$703$508$362$255$133
29 years$913$663$473$332$230$116
30 years$873$626$440$305$208$102
31 years$836$592$410$280$188$90
32 years$801$560$383$257$170$79
33 years$768$530$358$236$154$69
34 years$738$503$334$218$139$61
35 years$709$477$312$200$126$53
36 years$681$452$292$184$114$47
37 years$656$430$273$170$104$41
38 years$631$408$256$157$94$36
39 years$608$388$240$144$85$32
40 years$587$369$225$133$77$28
41 years$566$352$211$123$70$25
42 years$546$335$198$113$64$22
43 years$527$319$186$105$58$19
44 years$510$304$174$97$52$17
45 years$493$290$164$89$48$15
46 years$477$277$154$82$43$13
47 years$461$264$144$76$39$11
48 years$446$252$136$70$36$10
49 years$432$241$128$65$32$9
50 years$419$230$120$60$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $429,000, adding $3,919 every year, while hoping to spend $20,726 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: 67/28/5 Blend
58$429,000$429,000$429,000$429,000
59$476,800$454,063$447,414$508,190
60$503,382$454,260$440,350$529,694
61$531,980$453,772$432,355$550,311
62$562,778$452,543$423,375$572,285
63$595,979$450,515$413,356$595,747
64$631,804$447,626$402,238$620,839
65$670,497$443,808$389,962$647,717
66$712,325$438,992$376,463$676,557
67$757,583$433,103$361,675$707,549
68$806,594$426,063$345,529$740,905
69$859,714$417,788$327,952$776,862
70$917,334$408,188$308,867$815,676
71$979,883$397,172$288,196$857,634
72$1,047,836$384,638$265,855$903,053
73$1,121,713$370,482$241,759$952,280
74$1,202,085$354,593$215,815$1,005,701
75$1,289,582$336,853$187,930$1,063,742
76$1,384,899$317,138$158,004$1,126,874
77$1,488,796$295,315$125,935$1,195,614
78$1,602,115$271,247$91,615$1,270,537
79$1,725,777$244,785$54,931$1,352,276
80$1,860,801$215,774$15,766$1,441,530
81$2,008,306$184,050$0$1,539,070
82$2,169,524$149,440$0$1,647,139
83$2,345,812$111,759$0$1,766,276
84$2,538,664$70,814$0$1,896,685
85$2,749,724$26,400$0$2,039,521
86$2,980,805$0$0$2,196,058
87$3,233,899$0$0$2,374,386
88$3,511,204$0$0$2,578,712
89$3,815,140$0$0$2,802,686
90$4,148,368$0$0$3,048,276
91$4,513,825$0$0$3,317,646
92$4,914,742$0$0$3,613,184
93$5,354,678$0$0$3,937,516
94$5,837,555$0$0$4,293,537
95$6,367,691$0$0$4,684,436
96$6,949,844$0$0$5,113,725
97$7,589,255$0$0$5,585,272
98$8,291,698$0$0$6,103,341
99$9,063,532$0$0$6,672,627
100$9,911,765$0$0$7,298,302