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%18.6%
1 years$35,839$35,520$35,209$34,905$34,608$33,406
2 years$17,742$17,412$17,092$16,781$16,480$15,282
3 years$11,711$11,379$11,059$10,752$10,456$9,299
4 years$8,695$8,365$8,048$7,746$7,457$6,350
5 years$6,887$6,558$6,246$5,950$5,669$4,615
6 years$5,681$5,355$5,048$4,758$4,485$3,485
7 years$4,821$4,497$4,195$3,912$3,648$2,701
8 years$4,176$3,855$3,557$3,282$3,026$2,132
9 years$3,674$3,356$3,064$2,795$2,549$1,706
10 years$3,273$2,959$2,671$2,409$2,171$1,379
11 years$2,945$2,634$2,352$2,097$1,868$1,124
12 years$2,672$2,364$2,087$1,839$1,618$921
13 years$2,441$2,136$1,865$1,624$1,411$759
14 years$2,244$1,942$1,675$1,441$1,237$628
15 years$2,072$1,774$1,513$1,286$1,089$521
16 years$1,923$1,628$1,371$1,151$963$434
17 years$1,791$1,499$1,248$1,034$854$362
18 years$1,674$1,385$1,139$932$759$302
19 years$1,569$1,284$1,043$842$676$253
20 years$1,475$1,193$957$763$604$212
21 years$1,390$1,111$880$692$541$178
22 years$1,313$1,037$811$629$485$149
23 years$1,242$970$749$573$435$125
24 years$1,178$909$693$523$391$105
25 years$1,119$853$642$477$352$89
26 years$1,064$802$595$437$317$75
27 years$1,014$754$553$400$286$63
28 years$967$711$514$366$258$53
29 years$924$671$478$336$233$44
30 years$883$633$445$308$210$37
31 years$846$599$415$283$190$32
32 years$810$566$387$260$172$27
33 years$777$536$362$239$156$22
34 years$746$508$338$220$141$19
35 years$717$482$316$203$128$16
36 years$689$458$296$187$116$13
37 years$663$435$277$172$105$11
38 years$639$413$259$158$95$10
39 years$615$393$243$146$86$8
40 years$593$374$228$135$78$7
41 years$572$356$213$124$71$6
42 years$553$339$200$115$64$5
43 years$534$323$188$106$58$4
44 years$516$308$176$98$53$3
45 years$499$293$165$90$48$3
46 years$482$280$155$83$44$2
47 years$467$267$146$77$40$2
48 years$452$255$137$71$36$2
49 years$437$244$129$66$33$1
50 years$424$233$121$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $434,000, adding $2,067 every year, while hoping to spend $33,175 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: 33/50/17 Blend
58$434,000$434,000$434,000$434,000
59$480,400$457,398$450,671$493,652
60$494,103$444,513$430,471$490,718
61$508,092$429,884$408,482$484,340
62$522,360$413,392$384,609$476,757
63$536,901$394,908$358,754$467,884
64$551,705$374,298$330,812$457,626
65$566,760$351,420$300,675$445,887
66$582,053$326,123$268,231$432,562
67$597,565$298,246$233,360$417,541
68$613,279$267,622$195,939$400,707
69$629,171$234,073$155,840$381,935
70$645,213$197,409$112,928$361,094
71$661,376$157,433$67,062$338,042
72$677,623$113,935$18,096$312,633
73$693,914$66,691$0$284,706
74$710,203$15,469$0$260,292
75$726,438$0$0$236,921
76$742,557$0$0$233,145
77$758,494$0$0$237,779
78$774,173$0$0$242,282
79$789,509$0$0$246,622
80$804,404$0$0$250,763
81$818,751$0$0$254,665
82$832,428$0$0$258,282
83$845,301$0$0$261,564
84$857,218$0$0$264,454
85$868,010$0$0$266,889
86$877,489$0$0$268,799
87$885,444$0$0$270,108
88$891,641$0$0$270,727
89$895,821$0$0$270,561
90$897,694$0$0$269,502
91$896,939$0$0$267,434
92$893,198$0$0$264,223
93$886,077$0$0$259,725
94$875,135$0$0$253,776
95$859,885$0$0$246,200
96$839,788$0$0$236,796
97$814,244$0$0$225,346
98$782,593$0$0$211,607
99$744,100$0$0$195,309
100$697,953$0$0$176,156