Can I retire at age 59 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$33,032$32,737$32,450$32,170$31,897$31,524
2 years$16,352$16,048$15,753$15,466$15,189$14,814
3 years$10,793$10,487$10,193$9,909$9,636$9,271
4 years$8,014$7,709$7,418$7,139$6,873$6,519
5 years$6,347$6,044$5,757$5,484$5,225$4,884
6 years$5,236$4,936$4,652$4,385$4,134$3,807
7 years$4,443$4,145$3,866$3,605$3,362$3,049
8 years$3,849$3,553$3,279$3,024$2,789$2,489
9 years$3,386$3,093$2,824$2,576$2,349$2,062
10 years$3,017$2,727$2,462$2,221$2,001$1,728
11 years$2,714$2,427$2,167$1,933$1,721$1,461
12 years$2,463$2,179$1,924$1,695$1,492$1,244
13 years$2,250$1,969$1,719$1,497$1,301$1,066
14 years$2,068$1,790$1,544$1,329$1,140$917
15 years$1,910$1,635$1,394$1,185$1,004$793
16 years$1,772$1,500$1,264$1,061$887$687
17 years$1,651$1,381$1,150$953$787$598
18 years$1,543$1,277$1,050$859$699$521
19 years$1,446$1,183$961$776$623$455
20 years$1,359$1,099$882$703$557$399
21 years$1,281$1,024$811$638$498$349
22 years$1,210$956$748$580$447$307
23 years$1,145$894$690$528$401$270
24 years$1,086$838$639$482$360$237
25 years$1,031$786$591$440$324$209
26 years$981$739$549$402$292$184
27 years$935$695$509$368$263$162
28 years$892$655$474$337$238$143
29 years$852$618$441$309$215$127
30 years$814$584$410$284$194$112
31 years$779$552$383$261$175$99
32 years$747$522$357$240$159$87
33 years$716$494$333$220$144$77
34 years$688$469$311$203$130$68
35 years$661$444$291$187$118$60
36 years$635$422$272$172$107$54
37 years$611$401$255$158$97$47
38 years$589$381$239$146$88$42
39 years$567$362$224$135$79$37
40 years$547$345$210$124$72$33
41 years$528$328$197$115$65$29
42 years$509$312$184$106$59$26
43 years$492$298$173$98$54$23
44 years$475$284$162$90$49$20
45 years$459$270$153$83$44$18
46 years$444$258$143$77$40$16
47 years$430$246$135$71$37$14
48 years$416$235$126$66$33$12
49 years$403$224$119$61$30$11
50 years$391$214$112$56$27$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $400,000, adding $4,129 every year, while hoping to spend $30,803 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: 25/46/29 Blend
58$400,000$400,000$400,000$400,000
59$445,059$423,859$417,659$452,075
60$457,681$411,854$398,876$446,269
61$470,558$398,228$378,432$437,174
62$483,683$382,870$356,238$426,789
63$497,049$365,661$332,202$415,026
64$510,645$346,475$306,228$401,795
65$524,459$325,181$278,215$386,997
66$538,477$301,637$248,058$370,529
67$552,681$275,697$215,647$352,283
68$567,051$247,203$180,868$332,142
69$581,563$215,989$143,601$309,986
70$596,191$181,881$103,720$285,683
71$610,904$144,694$61,095$259,098
72$625,665$104,233$15,591$230,086
73$640,433$60,291$0$198,493
74$655,163$12,651$0$174,360
75$669,802$0$0$153,124
76$684,290$0$0$149,521
77$698,560$0$0$152,224
78$712,536$0$0$154,807
79$726,134$0$0$157,246
80$739,258$0$0$159,513
81$751,801$0$0$161,578
82$763,643$0$0$163,406
83$774,650$0$0$164,958
84$784,673$0$0$166,193
85$793,546$0$0$167,063
86$801,081$0$0$167,515
87$807,073$0$0$167,491
88$811,291$0$0$166,925
89$813,479$0$0$165,745
90$813,353$0$0$163,872
91$810,596$0$0$161,216
92$804,857$0$0$157,678
93$795,748$0$0$153,151
94$782,837$0$0$147,512
95$765,645$0$0$140,629
96$743,644$0$0$132,353
97$716,245$0$0$122,520
98$682,798$0$0$110,949
99$642,586$0$0$97,440
100$594,811$0$0$81,771