Can I retire at age 59 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$35,674$35,356$35,046$34,744$34,448$33,412
2 years$17,660$17,332$17,013$16,704$16,404$15,369
3 years$11,657$11,326$11,008$10,702$10,407$9,406
4 years$8,655$8,326$8,011$7,710$7,423$6,462
5 years$6,855$6,528$6,217$5,922$5,643$4,726
6 years$5,655$5,330$5,024$4,736$4,465$3,593
7 years$4,799$4,476$4,175$3,894$3,631$2,803
8 years$4,156$3,837$3,541$3,266$3,012$2,229
9 years$3,657$3,341$3,050$2,782$2,537$1,796
10 years$3,258$2,945$2,659$2,398$2,161$1,463
11 years$2,932$2,622$2,341$2,087$1,859$1,201
12 years$2,660$2,353$2,077$1,831$1,611$993
13 years$2,430$2,126$1,856$1,616$1,405$825
14 years$2,233$1,933$1,668$1,435$1,231$688
15 years$2,063$1,766$1,506$1,280$1,084$576
16 years$1,914$1,620$1,365$1,146$958$484
17 years$1,783$1,492$1,242$1,029$850$407
18 years$1,666$1,379$1,134$928$755$343
19 years$1,562$1,278$1,038$838$673$290
20 years$1,468$1,187$953$759$601$245
21 years$1,384$1,106$876$689$538$207
22 years$1,307$1,032$808$627$482$176
23 years$1,237$966$746$571$433$149
24 years$1,173$905$690$520$389$126
25 years$1,114$849$639$475$350$107
26 years$1,059$798$592$435$316$91
27 years$1,009$751$550$398$284$77
28 years$963$708$511$364$257$66
29 years$920$668$476$334$232$56
30 years$879$630$443$307$209$48
31 years$842$596$413$282$189$41
32 years$807$564$386$259$171$34
33 years$774$534$360$238$155$29
34 years$743$506$336$219$140$25
35 years$714$480$315$202$127$21
36 years$686$456$294$186$115$18
37 years$660$433$275$171$104$15
38 years$636$411$258$158$95$13
39 years$613$391$242$145$86$11
40 years$591$372$226$134$78$10
41 years$570$354$212$124$71$8
42 years$550$337$199$114$64$7
43 years$531$321$187$105$58$6
44 years$513$306$175$97$53$5
45 years$496$292$165$90$48$4
46 years$480$279$155$83$44$4
47 years$464$266$145$77$40$3
48 years$450$254$137$71$36$3
49 years$435$242$128$66$33$2
50 years$422$232$121$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $432,000, adding $5,178 every year, while hoping to spend $20,586 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: 65/11/24 Blend
58$432,000$432,000$432,000$432,000
59$481,405$458,509$451,813$509,380
60$508,605$459,073$445,046$529,422
61$537,890$458,974$437,361$548,536
62$569,449$458,159$428,708$568,958
63$603,494$456,569$419,030$590,819
64$640,254$454,145$408,272$614,262
65$679,983$450,821$396,371$639,447
66$722,958$446,528$383,267$666,548
67$769,485$441,193$368,892$695,761
68$819,901$434,741$353,178$727,300
69$874,575$427,087$336,054$761,404
70$933,914$418,147$317,444$798,333
71$998,365$407,827$297,270$838,379
72$1,068,419$396,032$275,450$881,863
73$1,144,618$382,657$251,897$929,139
74$1,227,556$367,595$226,523$980,598
75$1,317,889$350,729$199,234$1,036,673
76$1,416,337$331,938$169,931$1,097,843
77$1,523,694$311,094$138,514$1,164,635
78$1,640,832$288,058$104,876$1,237,633
79$1,768,713$262,689$68,905$1,317,480
80$1,908,393$234,833$30,485$1,404,888
81$2,061,038$204,328$0$1,500,643
82$2,227,930$171,006$0$1,608,305
83$2,410,479$134,686$0$1,734,644
84$2,610,240$95,178$0$1,872,937
85$2,828,925$52,281$0$2,024,387
86$3,068,417$5,785$0$2,190,318
87$3,330,792$0$0$2,372,191
88$3,618,336$0$0$2,577,006
89$3,933,564$0$0$2,802,337
90$4,279,250$0$0$3,049,471
91$4,658,447$0$0$3,320,593
92$5,074,517$0$0$3,618,112
93$5,531,165$0$0$3,944,681
94$6,032,470$0$0$4,303,221
95$6,582,929$0$0$4,696,953
96$7,187,491$0$0$5,129,421
97$7,851,612$0$0$5,604,533
98$8,581,299$0$0$6,126,591
99$9,383,172$0$0$6,700,337
100$10,264,523$0$0$7,330,993