Can I retire at age 59 with 440,000?

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 $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%18.6%
1 years$36,335$36,011$35,695$35,387$35,086$33,868
2 years$17,988$17,653$17,328$17,013$16,708$15,493
3 years$11,873$11,536$11,212$10,900$10,600$9,427
4 years$8,816$8,480$8,160$7,853$7,560$6,438
5 years$6,982$6,649$6,332$6,032$5,747$4,678
6 years$5,760$5,429$5,117$4,824$4,547$3,533
7 years$4,887$4,559$4,253$3,966$3,698$2,738
8 years$4,233$3,908$3,607$3,327$3,068$2,161
9 years$3,725$3,403$3,106$2,834$2,584$1,729
10 years$3,318$2,999$2,708$2,443$2,201$1,398
11 years$2,986$2,670$2,384$2,126$1,893$1,139
12 years$2,709$2,397$2,116$1,865$1,641$934
13 years$2,475$2,166$1,890$1,646$1,431$770
14 years$2,275$1,969$1,699$1,461$1,254$637
15 years$2,101$1,798$1,534$1,303$1,104$528
16 years$1,949$1,650$1,390$1,167$976$440
17 years$1,816$1,520$1,265$1,049$865$367
18 years$1,697$1,404$1,155$945$769$306
19 years$1,591$1,301$1,057$854$686$256
20 years$1,495$1,209$970$773$613$215
21 years$1,409$1,126$893$702$548$180
22 years$1,331$1,051$823$638$491$151
23 years$1,260$983$760$581$441$127
24 years$1,194$921$702$530$396$107
25 years$1,134$865$651$484$357$90
26 years$1,079$813$603$443$321$76
27 years$1,028$765$560$405$290$64
28 years$981$721$521$371$261$54
29 years$937$680$485$340$236$45
30 years$896$642$452$312$213$38
31 years$857$607$421$287$193$32
32 years$822$574$393$264$174$27
33 years$788$544$367$242$158$23
34 years$756$515$343$223$143$19
35 years$727$489$320$205$129$16
36 years$699$464$300$189$117$14
37 years$672$441$280$174$106$11
38 years$648$419$263$161$96$10
39 years$624$398$246$148$87$8
40 years$602$379$231$137$79$7
41 years$580$361$216$126$72$6
42 years$560$344$203$116$65$5
43 years$541$327$190$107$59$4
44 years$523$312$179$99$54$3
45 years$505$298$168$92$49$3
46 years$489$284$158$85$44$2
47 years$473$271$148$78$40$2
48 years$458$259$139$72$37$2
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 $6,482 every year, while hoping to spend $31,566 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: 25/48/27 Blend
58$440,000$440,000$440,000$440,000
59$491,566$468,246$461,426$499,568
60$508,120$457,604$443,298$496,050
61$525,304$445,383$423,505$489,169
62$543,150$431,471$401,957$481,131
63$561,690$415,753$378,561$471,862
64$580,961$398,103$353,221$461,280
65$600,999$378,390$325,834$449,302
66$621,846$356,476$296,295$435,840
67$643,545$332,214$264,491$420,801
68$666,143$305,448$230,308$404,087
69$689,689$276,015$193,623$385,596
70$714,239$243,742$154,311$365,221
71$739,851$208,444$112,240$342,848
72$766,586$169,929$67,270$318,358
73$794,514$127,991$19,260$291,628
74$823,707$82,415$0$262,526
75$854,244$32,973$0$240,129
76$886,212$0$0$221,600
77$919,703$0$0$212,152
78$954,817$0$0$220,527
79$991,664$0$0$229,339
80$1,030,362$0$0$238,619
81$1,071,040$0$0$248,400
82$1,113,838$0$0$258,721
83$1,158,909$0$0$269,621
84$1,206,418$0$0$281,146
85$1,256,545$0$0$293,343
86$1,309,489$0$0$306,264
87$1,365,463$0$0$319,968
88$1,424,702$0$0$334,518
89$1,487,462$0$0$349,982
90$1,554,023$0$0$366,435
91$1,624,691$0$0$383,961
92$1,699,800$0$0$402,648
93$1,779,716$0$0$422,597
94$1,864,840$0$0$443,916
95$1,955,609$0$0$466,723
96$2,052,504$0$0$491,148
97$2,156,051$0$0$517,334
98$2,266,827$0$0$545,438
99$2,385,464$0$0$575,632
100$2,512,656$0$0$608,104