Can I retire at age 59 with 440,000?

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 $440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$36,335$36,011$35,695$35,387$35,086$33,774
2 years$17,988$17,653$17,328$17,013$16,708$15,401
3 years$11,873$11,536$11,212$10,900$10,600$9,340
4 years$8,816$8,480$8,160$7,853$7,560$6,355
5 years$6,982$6,649$6,332$6,032$5,747$4,602
6 years$5,760$5,429$5,117$4,824$4,547$3,462
7 years$4,887$4,559$4,253$3,966$3,698$2,672
8 years$4,233$3,908$3,607$3,327$3,068$2,101
9 years$3,725$3,403$3,106$2,834$2,584$1,673
10 years$3,318$2,999$2,708$2,443$2,201$1,347
11 years$2,986$2,670$2,384$2,126$1,893$1,092
12 years$2,709$2,397$2,116$1,865$1,641$892
13 years$2,475$2,166$1,890$1,646$1,431$731
14 years$2,275$1,969$1,699$1,461$1,254$602
15 years$2,101$1,798$1,534$1,303$1,104$497
16 years$1,949$1,650$1,390$1,167$976$412
17 years$1,816$1,520$1,265$1,049$865$342
18 years$1,697$1,404$1,155$945$769$284
19 years$1,591$1,301$1,057$854$686$236
20 years$1,495$1,209$970$773$613$197
21 years$1,409$1,126$893$702$548$164
22 years$1,331$1,051$823$638$491$137
23 years$1,260$983$760$581$441$115
24 years$1,194$921$702$530$396$96
25 years$1,134$865$651$484$357$80
26 years$1,079$813$603$443$321$67
27 years$1,028$765$560$405$290$56
28 years$981$721$521$371$261$47
29 years$937$680$485$340$236$39
30 years$896$642$452$312$213$33
31 years$857$607$421$287$193$28
32 years$822$574$393$264$174$23
33 years$788$544$367$242$158$19
34 years$756$515$343$223$143$16
35 years$727$489$320$205$129$14
36 years$699$464$300$189$117$11
37 years$672$441$280$174$106$10
38 years$648$419$263$161$96$8
39 years$624$398$246$148$87$7
40 years$602$379$231$137$79$6
41 years$580$361$216$126$72$5
42 years$560$344$203$116$65$4
43 years$541$327$190$107$59$3
44 years$523$312$179$99$54$3
45 years$505$298$168$92$49$2
46 years$489$284$158$85$44$2
47 years$473$271$148$78$40$2
48 years$458$259$139$72$37$1
49 years$443$247$131$67$33$1
50 years$430$236$123$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $440,000, adding $2,209 every year, while hoping to spend $34,108 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: 62/16/22 Blend
58$440,000$440,000$440,000$440,000
59$487,159$463,839$457,019$514,430
60$500,558$450,276$436,038$519,565
61$514,181$434,906$413,212$521,192
62$528,015$417,603$388,441$522,200
63$542,043$398,236$361,625$522,533
64$556,247$376,666$332,655$522,129
65$570,607$352,745$301,421$520,925
66$585,096$326,316$267,806$518,850
67$599,685$297,216$231,687$515,830
68$614,343$265,269$192,939$511,784
69$629,031$230,292$151,427$506,625
70$643,705$192,090$107,013$500,259
71$658,318$150,457$59,553$492,587
72$672,813$105,176$8,894$483,499
73$687,128$56,018$0$472,877
74$701,193$2,740$0$471,200
75$714,927$0$0$470,644
76$728,242$0$0$478,683
77$741,037$0$0$486,830
78$753,201$0$0$494,527
79$764,607$0$0$501,688
80$775,116$0$0$508,215
81$784,572$0$0$514,002
82$792,799$0$0$518,929
83$799,604$0$0$522,862
84$804,771$0$0$525,653
85$808,057$0$0$527,136
86$809,197$0$0$527,129
87$807,893$0$0$525,427
88$803,814$0$0$521,804
89$796,596$0$0$516,008
90$785,831$0$0$507,763
91$771,069$0$0$496,759
92$751,812$0$0$482,655
93$727,506$0$0$465,072
94$697,540$0$0$443,590
95$661,237$0$0$417,747
96$617,845$0$0$387,028
97$566,537$0$0$350,866
98$506,393$0$0$308,632
99$436,400$0$0$259,634
100$355,436$0$0$203,102