Can I retire at age 59 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$35,592$35,275$34,965$34,663$34,369$33,308
2 years$17,620$17,291$16,973$16,665$16,366$15,307
3 years$11,630$11,300$10,983$10,677$10,383$9,359
4 years$8,635$8,307$7,993$7,693$7,405$6,424
5 years$6,839$6,513$6,203$5,909$5,629$4,693
6 years$5,642$5,318$5,013$4,725$4,454$3,563
7 years$4,787$4,466$4,166$3,885$3,623$2,777
8 years$4,147$3,828$3,533$3,259$3,005$2,205
9 years$3,649$3,333$3,043$2,776$2,531$1,775
10 years$3,250$2,938$2,653$2,393$2,156$1,444
11 years$2,925$2,616$2,335$2,082$1,855$1,184
12 years$2,654$2,348$2,073$1,827$1,607$978
13 years$2,424$2,122$1,852$1,613$1,401$811
14 years$2,228$1,928$1,664$1,431$1,229$676
15 years$2,058$1,762$1,502$1,277$1,082$565
16 years$1,909$1,616$1,362$1,143$956$473
17 years$1,779$1,489$1,239$1,027$848$398
18 years$1,662$1,375$1,131$926$754$335
19 years$1,558$1,275$1,036$836$672$282
20 years$1,465$1,185$951$757$600$238
21 years$1,380$1,103$874$687$537$201
22 years$1,304$1,030$806$625$481$170
23 years$1,234$963$744$569$432$144
24 years$1,170$903$688$519$388$122
25 years$1,111$847$637$474$349$104
26 years$1,057$796$591$434$315$88
27 years$1,007$749$549$397$284$75
28 years$961$706$510$364$256$63
29 years$917$666$475$333$231$54
30 years$877$629$442$306$209$46
31 years$840$595$412$281$189$39
32 years$805$563$385$258$171$33
33 years$772$533$359$238$155$28
34 years$741$505$336$219$140$24
35 years$712$479$314$201$127$20
36 years$685$455$294$185$115$17
37 years$659$432$275$171$104$15
38 years$634$410$257$157$94$12
39 years$611$390$241$145$86$11
40 years$589$371$226$134$78$9
41 years$568$353$212$123$70$8
42 years$549$337$199$114$64$6
43 years$530$321$186$105$58$6
44 years$512$306$175$97$53$5
45 years$495$291$164$90$48$4
46 years$479$278$154$83$43$3
47 years$463$265$145$77$39$3
48 years$449$253$136$71$36$2
49 years$434$242$128$65$33$2
50 years$421$231$120$60$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $431,000, adding $4,625 every year, while hoping to spend $31,869 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: 56/38/6 Blend
58$431,000$431,000$431,000$431,000
59$479,733$456,890$450,209$505,725
60$494,757$445,369$431,383$512,244
61$510,246$432,216$410,858$515,369
62$526,213$417,316$388,543$517,985
63$542,672$400,550$364,345$520,047
64$559,637$381,790$338,163$521,506
65$577,124$360,901$309,896$522,312
66$595,147$337,742$279,434$522,411
67$613,722$312,161$246,665$521,745
68$632,865$284,000$211,471$520,254
69$652,591$253,090$173,729$517,872
70$672,917$219,253$133,311$514,531
71$693,860$182,302$90,082$510,159
72$715,437$142,038$43,903$504,677
73$737,665$98,251$0$498,005
74$760,562$50,721$0$490,400
75$784,145$0$0$484,447
76$808,433$0$0$477,576
77$833,444$0$0$492,339
78$859,197$0$0$507,538
79$885,709$0$0$523,185
80$913,001$0$0$539,290
81$941,090$0$0$555,864
82$969,995$0$0$572,918
83$999,736$0$0$590,462
84$1,030,330$0$0$608,508
85$1,061,796$0$0$627,065
86$1,094,153$0$0$646,146
87$1,127,418$0$0$665,758
88$1,161,609$0$0$685,913
89$1,196,741$0$0$706,619
90$1,232,831$0$0$727,886
91$1,269,894$0$0$749,721
92$1,307,944$0$0$772,133
93$1,346,994$0$0$795,128
94$1,387,054$0$0$818,712
95$1,428,135$0$0$842,890
96$1,470,243$0$0$867,664
97$1,513,383$0$0$893,038
98$1,557,560$0$0$919,012
99$1,602,771$0$0$945,584
100$1,649,013$0$0$972,750