Can I retire at age 59 with 444,000?

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 $444,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$36,665$36,339$36,020$35,709$35,405$34,776
2 years$18,151$17,813$17,485$17,168$16,860$16,228
3 years$11,980$11,641$11,314$11,000$10,696$10,082
4 years$8,896$8,557$8,234$7,925$7,629$7,036
5 years$7,046$6,709$6,390$6,087$5,799$5,230
6 years$5,812$5,478$5,164$4,868$4,589$4,043
7 years$4,932$4,601$4,291$4,002$3,732$3,211
8 years$4,272$3,944$3,639$3,357$3,096$2,599
9 years$3,759$3,434$3,135$2,860$2,607$2,135
10 years$3,348$3,027$2,733$2,465$2,222$1,772
11 years$3,013$2,694$2,406$2,145$1,911$1,484
12 years$2,734$2,418$2,135$1,882$1,656$1,252
13 years$2,498$2,186$1,908$1,661$1,444$1,062
14 years$2,295$1,987$1,714$1,475$1,266$905
15 years$2,120$1,815$1,548$1,315$1,114$774
16 years$1,967$1,665$1,403$1,178$985$664
17 years$1,832$1,533$1,277$1,058$873$572
18 years$1,712$1,417$1,165$954$776$493
19 years$1,605$1,313$1,067$862$692$426
20 years$1,509$1,220$979$780$618$369
21 years$1,422$1,137$901$708$553$320
22 years$1,343$1,061$830$644$496$277
23 years$1,271$992$766$586$445$241
24 years$1,205$930$709$535$400$210
25 years$1,145$873$657$488$360$182
26 years$1,089$820$609$447$324$159
27 years$1,037$772$565$409$292$138
28 years$990$727$526$375$264$121
29 years$945$686$489$343$238$105
30 years$904$648$456$315$215$92
31 years$865$612$425$290$195$80
32 years$829$580$396$266$176$70
33 years$795$549$370$245$159$61
34 years$763$520$346$225$144$53
35 years$733$493$323$207$131$47
36 years$705$468$302$191$118$41
37 years$679$445$283$176$107$36
38 years$653$423$265$162$97$31
39 years$630$402$248$149$88$27
40 years$607$382$233$138$80$24
41 years$586$364$218$127$73$21
42 years$565$347$205$117$66$18
43 years$546$330$192$108$60$16
44 years$528$315$180$100$54$14
45 years$510$300$169$92$49$12
46 years$493$286$159$85$45$11
47 years$477$273$149$79$41$9
48 years$462$261$140$73$37$8
49 years$447$249$132$67$33$7
50 years$433$238$124$62$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $444,000, adding $3,375 every year, while hoping to spend $35,536 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: 78/16/6 Blend
58$444,000$444,000$444,000$444,000
59$492,769$469,237$462,355$530,681
60$505,222$454,420$440,034$541,205
61$517,753$437,685$415,774$547,770
62$530,335$418,902$389,473$553,911
63$542,932$397,932$361,024$559,569
64$555,507$374,627$330,314$564,679
65$568,016$348,831$297,227$569,171
66$580,411$320,381$261,641$572,967
67$592,635$289,102$223,429$575,983
68$604,627$254,810$182,456$578,127
69$616,315$217,312$138,584$579,296
70$627,620$176,402$91,669$579,379
71$638,455$131,863$41,557$578,254
72$648,720$83,467$0$575,789
73$658,303$30,971$0$572,600
74$667,082$0$0$570,653
75$674,918$0$0$571,677
76$681,656$0$0$577,203
77$687,125$0$0$581,629
78$691,135$0$0$584,792
79$693,472$0$0$586,508
80$693,900$0$0$586,575
81$692,157$0$0$584,766
82$687,952$0$0$580,831
83$680,962$0$0$574,491
84$670,829$0$0$565,440
85$657,154$0$0$553,333
86$639,499$0$0$537,794
87$617,375$0$0$518,403
88$590,243$0$0$494,695
89$557,505$0$0$466,156
90$518,500$0$0$432,218
91$472,497$0$0$392,251
92$418,687$0$0$345,561
93$356,174$0$0$291,376
94$283,971$0$0$228,848
95$200,985$0$0$157,036
96$106,007$0$0$74,902
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0