Can I retire at age 59 with 433,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$35,757$35,438$35,127$34,824$34,528$33,984
2 years$17,701$17,372$17,052$16,742$16,442$15,895
3 years$11,684$11,353$11,034$10,727$10,431$9,899
4 years$8,675$8,345$8,030$7,728$7,440$6,926
5 years$6,871$6,543$6,231$5,936$5,656$5,162
6 years$5,668$5,343$5,036$4,747$4,475$4,002
7 years$4,810$4,487$4,185$3,903$3,639$3,187
8 years$4,166$3,846$3,549$3,274$3,019$2,587
9 years$3,666$3,349$3,057$2,789$2,543$2,131
10 years$3,266$2,952$2,665$2,404$2,166$1,775
11 years$2,938$2,628$2,346$2,092$1,863$1,491
12 years$2,666$2,358$2,082$1,835$1,615$1,262
13 years$2,436$2,131$1,860$1,620$1,408$1,074
14 years$2,238$1,937$1,672$1,438$1,234$918
15 years$2,068$1,770$1,509$1,283$1,087$788
16 years$1,918$1,624$1,368$1,148$960$679
17 years$1,787$1,495$1,245$1,032$852$586
18 years$1,670$1,382$1,137$930$757$507
19 years$1,565$1,281$1,041$840$675$440
20 years$1,472$1,190$955$761$603$382
21 years$1,387$1,109$878$691$539$333
22 years$1,310$1,035$810$628$484$290
23 years$1,240$968$747$572$434$253
24 years$1,175$907$691$522$390$221
25 years$1,116$851$640$476$351$193
26 years$1,062$800$594$436$316$169
27 years$1,012$753$551$399$285$147
28 years$965$709$513$365$257$129
29 years$922$669$477$335$232$113
30 years$881$632$444$307$210$99
31 years$844$597$414$282$190$87
32 years$808$565$386$259$172$76
33 years$775$535$361$239$155$67
34 years$744$507$337$220$141$59
35 years$715$481$315$202$127$51
36 years$688$457$295$186$115$45
37 years$662$434$276$171$105$40
38 years$637$412$258$158$95$35
39 years$614$392$242$146$86$31
40 years$592$373$227$134$78$27
41 years$571$355$213$124$71$24
42 years$551$338$200$114$64$21
43 years$532$322$187$106$58$18
44 years$514$307$176$98$53$16
45 years$497$293$165$90$48$14
46 years$481$279$155$83$44$12
47 years$465$267$146$77$40$11
48 years$451$254$137$71$36$9
49 years$436$243$129$66$33$8
50 years$423$232$121$61$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $433,000, adding $2,540 every year, while hoping to spend $32,618 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: 70/15/15 Blend
58$433,000$433,000$433,000$433,000
59$479,786$456,837$450,126$511,551
60$494,019$444,517$430,499$520,676
61$508,610$430,500$409,123$526,504
62$523,562$414,668$385,902$532,042
63$538,876$396,897$360,740$537,256
64$554,553$377,056$333,536$542,110
65$570,590$355,005$304,183$546,564
66$586,987$330,597$272,570$550,578
67$603,740$303,676$238,580$554,106
68$620,843$274,078$202,094$557,100
69$638,289$241,628$162,985$559,507
70$656,070$206,143$121,120$561,270
71$674,173$167,429$76,362$562,330
72$692,586$125,279$28,567$562,621
73$711,290$79,479$0$562,072
74$730,267$29,798$0$564,199
75$749,491$0$0$570,443
76$768,935$0$0$580,126
77$788,567$0$0$594,859
78$808,350$0$0$609,696
79$828,239$0$0$624,602
80$848,187$0$0$639,539
81$868,136$0$0$654,463
82$888,024$0$0$669,325
83$907,777$0$0$684,068
84$927,314$0$0$698,629
85$946,542$0$0$712,936
86$965,358$0$0$726,908
87$983,645$0$0$740,455
88$1,001,272$0$0$753,474
89$1,018,091$0$0$765,853
90$1,033,938$0$0$777,463
91$1,048,629$0$0$788,163
92$1,061,961$0$0$797,793
93$1,073,702$0$0$806,176
94$1,083,599$0$0$813,115
95$1,091,367$0$0$818,390
96$1,096,691$0$0$821,757
97$1,099,219$0$0$822,944
98$1,098,561$0$0$821,648
99$1,094,283$0$0$817,536
100$1,085,904$0$0$810,235