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%16%
1 years$36,335$36,011$35,695$35,387$35,086$34,224
2 years$17,988$17,653$17,328$17,013$16,708$15,845
3 years$11,873$11,536$11,212$10,900$10,600$9,763
4 years$8,816$8,480$8,160$7,853$7,560$6,755
5 years$6,982$6,649$6,332$6,032$5,747$4,977
6 years$5,760$5,429$5,117$4,824$4,547$3,812
7 years$4,887$4,559$4,253$3,966$3,698$2,998
8 years$4,233$3,908$3,607$3,327$3,068$2,403
9 years$3,725$3,403$3,106$2,834$2,584$1,954
10 years$3,318$2,999$2,708$2,443$2,201$1,605
11 years$2,986$2,670$2,384$2,126$1,893$1,330
12 years$2,709$2,397$2,116$1,865$1,641$1,109
13 years$2,475$2,166$1,890$1,646$1,431$930
14 years$2,275$1,969$1,699$1,461$1,254$784
15 years$2,101$1,798$1,534$1,303$1,104$662
16 years$1,949$1,650$1,390$1,167$976$562
17 years$1,816$1,520$1,265$1,049$865$478
18 years$1,697$1,404$1,155$945$769$407
19 years$1,591$1,301$1,057$854$686$347
20 years$1,495$1,209$970$773$613$297
21 years$1,409$1,126$893$702$548$254
22 years$1,331$1,051$823$638$491$217
23 years$1,260$983$760$581$441$186
24 years$1,194$921$702$530$396$160
25 years$1,134$865$651$484$357$137
26 years$1,079$813$603$443$321$118
27 years$1,028$765$560$405$290$101
28 years$981$721$521$371$261$87
29 years$937$680$485$340$236$75
30 years$896$642$452$312$213$65
31 years$857$607$421$287$193$56
32 years$822$574$393$264$174$48
33 years$788$544$367$242$158$41
34 years$756$515$343$223$143$35
35 years$727$489$320$205$129$31
36 years$699$464$300$189$117$26
37 years$672$441$280$174$106$23
38 years$648$419$263$161$96$20
39 years$624$398$246$148$87$17
40 years$602$379$231$137$79$14
41 years$580$361$216$126$72$12
42 years$560$344$203$116$65$11
43 years$541$327$190$107$59$9
44 years$523$312$179$99$54$8
45 years$505$298$168$92$49$7
46 years$489$284$158$85$44$6
47 years$473$271$148$78$40$5
48 years$458$259$139$72$37$4
49 years$443$247$131$67$33$4
50 years$430$236$123$62$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $440,000, adding $4,058 every year, while hoping to spend $31,994 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: 57/19/24 Blend
58$440,000$440,000$440,000$440,000
59$489,066$465,746$458,926$513,546
60$504,909$454,526$440,258$519,517
61$521,296$441,684$419,893$522,280
62$538,249$427,107$397,740$524,612
63$555,789$410,674$373,704$526,479
64$573,942$392,260$347,685$527,847
65$592,733$371,729$319,581$528,678
66$612,188$348,940$289,284$528,936
67$632,336$323,743$256,679$528,580
68$653,207$295,979$221,651$527,569
69$674,832$265,480$184,074$525,857
70$697,246$232,069$143,821$523,399
71$720,483$195,559$100,758$520,148
72$744,582$155,752$54,743$516,052
73$769,584$112,438$5,631$511,059
74$795,531$65,397$0$505,115
75$822,470$14,396$0$510,142
76$850,449$0$0$516,419
77$879,520$0$0$531,015
78$909,740$0$0$549,321
79$941,168$0$0$568,366
80$973,869$0$0$588,188
81$1,007,911$0$0$608,830
82$1,043,369$0$0$630,338
83$1,080,322$0$0$652,761
84$1,118,857$0$0$676,152
85$1,159,064$0$0$700,568
86$1,201,044$0$0$726,072
87$1,244,905$0$0$752,729
88$1,290,762$0$0$780,613
89$1,338,741$0$0$809,800
90$1,388,978$0$0$840,376
91$1,441,621$0$0$872,432
92$1,496,828$0$0$906,067
93$1,554,773$0$0$941,389
94$1,615,645$0$0$978,515
95$1,679,648$0$0$1,017,573
96$1,747,004$0$0$1,058,702
97$1,817,956$0$0$1,102,052
98$1,892,766$0$0$1,147,787
99$1,971,723$0$0$1,196,087
100$2,055,139$0$0$1,247,147