Can I retire at age 59 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$35,839$35,520$35,209$34,905$34,608$34,034
2 years$17,742$17,412$17,092$16,781$16,480$15,904
3 years$11,711$11,379$11,059$10,752$10,456$9,895
4 years$8,695$8,365$8,048$7,746$7,457$6,916
5 years$6,887$6,558$6,246$5,950$5,669$5,149
6 years$5,681$5,355$5,048$4,758$4,485$3,987
7 years$4,821$4,497$4,195$3,912$3,648$3,172
8 years$4,176$3,855$3,557$3,282$3,026$2,572
9 years$3,674$3,356$3,064$2,795$2,549$2,116
10 years$3,273$2,959$2,671$2,409$2,171$1,760
11 years$2,945$2,634$2,352$2,097$1,868$1,477
12 years$2,672$2,364$2,087$1,839$1,618$1,248
13 years$2,441$2,136$1,865$1,624$1,411$1,061
14 years$2,244$1,942$1,675$1,441$1,237$906
15 years$2,072$1,774$1,513$1,286$1,089$776
16 years$1,923$1,628$1,371$1,151$963$668
17 years$1,791$1,499$1,248$1,034$854$576
18 years$1,674$1,385$1,139$932$759$498
19 years$1,569$1,284$1,043$842$676$431
20 years$1,475$1,193$957$763$604$374
21 years$1,390$1,111$880$692$541$325
22 years$1,313$1,037$811$629$485$283
23 years$1,242$970$749$573$435$246
24 years$1,178$909$693$523$391$215
25 years$1,119$853$642$477$352$187
26 years$1,064$802$595$437$317$163
27 years$1,014$754$553$400$286$143
28 years$967$711$514$366$258$125
29 years$924$671$478$336$233$109
30 years$883$633$445$308$210$95
31 years$846$599$415$283$190$83
32 years$810$566$387$260$172$73
33 years$777$536$362$239$156$64
34 years$746$508$338$220$141$56
35 years$717$482$316$203$128$49
36 years$689$458$296$187$116$43
37 years$663$435$277$172$105$38
38 years$639$413$259$158$95$33
39 years$615$393$243$146$86$29
40 years$593$374$228$135$78$25
41 years$572$356$213$124$71$22
42 years$553$339$200$115$64$19
43 years$534$323$188$106$58$17
44 years$516$308$176$98$53$15
45 years$499$293$165$90$48$13
46 years$482$280$155$83$44$12
47 years$467$267$146$77$40$10
48 years$452$255$137$71$36$9
49 years$437$244$129$66$33$8
50 years$424$233$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 $434,000, adding $6,047 every year, while hoping to spend $32,053 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: 64/31/5 Blend
58$434,000$434,000$434,000$434,000
59$484,505$461,503$454,776$514,777
60$499,821$450,013$435,907$524,180
61$515,624$436,885$415,332$530,082
62$531,931$422,006$392,959$535,680
63$548,759$405,255$368,693$540,940
64$566,124$386,504$342,436$545,830
65$584,043$365,618$314,083$550,311
66$602,537$342,454$283,525$554,345
67$621,622$316,861$250,650$557,891
68$641,319$288,679$215,339$560,903
69$661,649$257,739$177,468$563,336
70$682,632$223,863$136,908$565,140
71$704,291$186,863$93,525$566,262
72$726,648$146,538$47,177$566,645
73$749,726$102,679$0$566,232
74$773,551$55,063$0$565,080
75$798,148$3,455$0$565,696
76$823,542$0$0$565,497
77$849,763$0$0$582,291
78$876,838$0$0$600,850
79$904,797$0$0$620,016
80$933,671$0$0$639,810
81$963,493$0$0$660,254
82$994,296$0$0$681,371
83$1,026,116$0$0$703,187
84$1,058,989$0$0$725,725
85$1,092,953$0$0$749,013
86$1,128,050$0$0$773,079
87$1,164,320$0$0$797,950
88$1,201,808$0$0$823,658
89$1,240,559$0$0$850,234
90$1,280,622$0$0$877,712
91$1,322,048$0$0$906,126
92$1,364,890$0$0$935,513
93$1,409,203$0$0$965,912
94$1,455,046$0$0$997,364
95$1,502,482$0$0$1,029,910
96$1,551,576$0$0$1,063,598
97$1,602,396$0$0$1,098,473
98$1,655,015$0$0$1,134,587
99$1,709,511$0$0$1,171,993
100$1,765,964$0$0$1,210,747