Can I retire at age 59 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$36,583$36,257$35,939$35,628$35,325$34,626
2 years$18,110$17,773$17,446$17,129$16,822$16,120
3 years$11,954$11,615$11,289$10,975$10,672$9,991
4 years$8,876$8,538$8,215$7,907$7,612$6,955
5 years$7,030$6,694$6,375$6,073$5,786$5,156
6 years$5,799$5,466$5,152$4,857$4,578$3,976
7 years$4,921$4,590$4,282$3,993$3,723$3,148
8 years$4,262$3,935$3,631$3,350$3,089$2,541
9 years$3,750$3,426$3,127$2,853$2,601$2,081
10 years$3,341$3,020$2,727$2,459$2,217$1,722
11 years$3,006$2,688$2,400$2,140$1,906$1,438
12 years$2,728$2,413$2,130$1,877$1,652$1,209
13 years$2,492$2,181$1,903$1,657$1,441$1,022
14 years$2,290$1,982$1,710$1,471$1,263$868
15 years$2,115$1,811$1,544$1,312$1,112$740
16 years$1,963$1,661$1,400$1,175$983$633
17 years$1,828$1,530$1,274$1,056$871$542
18 years$1,708$1,414$1,163$951$775$466
19 years$1,602$1,310$1,065$860$691$401
20 years$1,506$1,218$977$779$617$346
21 years$1,419$1,134$899$707$552$299
22 years$1,340$1,059$828$642$495$258
23 years$1,268$990$765$585$444$224
24 years$1,203$928$707$534$399$194
25 years$1,142$871$655$487$359$168
26 years$1,086$818$608$446$324$146
27 years$1,035$770$564$408$292$126
28 years$987$726$524$374$263$110
29 years$943$685$488$343$238$95
30 years$902$646$455$315$215$83
31 years$863$611$424$289$194$72
32 years$827$578$395$265$176$63
33 years$793$548$369$244$159$54
34 years$762$519$345$225$144$47
35 years$732$492$323$207$130$41
36 years$704$467$302$190$118$36
37 years$677$444$282$175$107$31
38 years$652$422$264$162$97$27
39 years$628$401$248$149$88$24
40 years$606$382$232$138$80$21
41 years$584$363$218$127$72$18
42 years$564$346$204$117$66$16
43 years$545$330$192$108$60$14
44 years$526$314$180$100$54$12
45 years$509$300$169$92$49$10
46 years$492$286$159$85$45$9
47 years$476$273$149$79$41$8
48 years$461$260$140$73$37$7
49 years$446$249$132$67$33$6
50 years$433$237$124$62$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $443,000, adding $5,702 every year, while hoping to spend $23,238 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: 49/46/5 Blend
58$443,000$443,000$443,000$443,000
59$494,068$470,589$463,722$517,391
60$519,737$468,922$454,532$532,244
61$547,247$466,396$444,255$545,406
62$576,759$462,942$432,830$559,144
63$608,452$458,490$420,194$573,519
64$642,524$452,965$406,280$588,595
65$679,189$446,288$391,018$604,448
66$718,684$438,374$374,335$621,161
67$761,270$429,135$356,155$638,829
68$807,231$418,475$336,398$657,554
69$856,883$406,294$314,982$677,455
70$910,570$392,487$291,818$698,661
71$968,670$376,941$266,817$721,320
72$1,031,601$359,538$239,882$745,593
73$1,099,822$340,153$210,915$771,663
74$1,173,835$318,651$179,812$799,733
75$1,254,195$294,894$146,465$830,028
76$1,341,512$268,733$110,760$862,801
77$1,436,456$240,011$72,580$898,331
78$1,539,764$208,561$31,802$936,931
79$1,652,249$174,210$0$978,947
80$1,774,804$136,771$0$1,025,391
81$1,908,411$96,050$0$1,077,919
82$2,054,151$51,839$0$1,135,317
83$2,213,217$3,921$0$1,198,121
84$2,386,918$0$0$1,266,930
85$2,576,696$0$0$1,366,667
86$2,784,141$0$0$1,477,906
87$3,011,001$0$0$1,599,603
88$3,259,202$0$0$1,732,799
89$3,530,863$0$0$1,878,636
90$3,828,318$0$0$2,038,376
91$4,154,140$0$0$2,213,404
92$4,511,158$0$0$2,405,250
93$4,902,491$0$0$2,615,595
94$5,331,572$0$0$2,846,293
95$5,802,184$0$0$3,099,386
96$6,318,492$0$0$3,377,121
97$6,885,086$0$0$3,681,976
98$7,507,018$0$0$4,016,678
99$8,189,856$0$0$4,384,233
100$8,939,733$0$0$4,787,951