Can I retire at age 59 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$35,509$35,193$34,884$34,583$34,289$33,959
2 years$17,579$17,251$16,934$16,626$16,328$15,996
3 years$11,603$11,274$10,957$10,653$10,359$10,035
4 years$8,615$8,288$7,974$7,675$7,388$7,074
5 years$6,823$6,498$6,188$5,895$5,616$5,314
6 years$5,629$5,306$5,001$4,714$4,444$4,153
7 years$4,776$4,456$4,156$3,876$3,614$3,335
8 years$4,137$3,819$3,525$3,251$2,998$2,731
9 years$3,640$3,325$3,036$2,769$2,525$2,269
10 years$3,243$2,931$2,647$2,387$2,151$1,907
11 years$2,918$2,610$2,330$2,078$1,850$1,617
12 years$2,648$2,342$2,068$1,822$1,603$1,382
13 years$2,419$2,117$1,847$1,609$1,398$1,187
14 years$2,223$1,924$1,660$1,428$1,226$1,025
15 years$2,053$1,758$1,499$1,274$1,079$889
16 years$1,905$1,613$1,359$1,140$954$774
17 years$1,774$1,485$1,236$1,025$846$675
18 years$1,658$1,372$1,129$923$752$591
19 years$1,555$1,272$1,033$834$670$518
20 years$1,461$1,182$948$756$599$455
21 years$1,377$1,101$872$686$536$401
22 years$1,301$1,028$804$624$480$353
23 years$1,231$961$742$568$431$311
24 years$1,167$900$686$518$387$275
25 years$1,109$845$636$473$349$243
26 years$1,055$794$590$433$314$215
27 years$1,005$747$548$396$283$191
28 years$958$704$509$363$255$169
29 years$915$664$474$333$231$150
30 years$875$627$441$305$208$133
31 years$838$593$411$280$188$118
32 years$803$561$384$258$170$105
33 years$770$532$358$237$154$93
34 years$739$504$335$218$140$82
35 years$710$478$313$201$127$73
36 years$683$454$293$185$115$65
37 years$657$431$274$170$104$58
38 years$633$409$257$157$94$51
39 years$610$389$240$145$85$46
40 years$588$370$225$133$77$41
41 years$567$353$211$123$70$36
42 years$547$336$198$114$64$32
43 years$529$320$186$105$58$29
44 years$511$305$175$97$53$26
45 years$494$291$164$89$48$23
46 years$478$277$154$83$43$20
47 years$462$265$145$76$39$18
48 years$447$253$136$71$36$16
49 years$433$241$128$65$32$14
50 years$420$231$120$60$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $430,000, adding $2,807 every year, while hoping to spend $34,813 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: 49/39/12 Blend
58$430,000$430,000$430,000$430,000
59$476,755$453,965$447,300$498,423
60$488,344$439,169$425,244$498,811
61$499,947$422,481$401,282$495,363
62$511,531$403,771$375,314$490,831
63$523,054$382,903$347,235$485,125
64$534,473$359,733$316,934$478,147
65$545,735$334,106$284,297$469,793
66$556,784$305,860$249,205$459,951
67$567,554$274,825$211,531$448,500
68$577,972$240,820$171,146$435,312
69$587,959$203,654$127,912$420,246
70$597,421$163,123$81,688$403,154
71$606,258$119,016$32,324$383,875
72$614,354$71,106$0$362,236
73$621,584$19,156$0$340,657
74$627,805$0$0$320,919
75$632,859$0$0$314,598
76$636,571$0$0$315,748
77$638,745$0$0$316,040
78$639,164$0$0$315,357
79$637,586$0$0$313,567
80$633,745$0$0$310,525
81$627,342$0$0$306,070
82$618,048$0$0$300,022
83$605,497$0$0$292,183
84$589,285$0$0$282,333
85$568,964$0$0$270,230
86$544,036$0$0$255,604
87$513,952$0$0$238,157
88$478,104$0$0$217,560
89$435,819$0$0$193,448
90$386,353$0$0$165,418
91$328,883$0$0$133,024
92$262,499$0$0$95,774
93$186,196$0$0$53,124
94$98,863$0$0$4,473
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0