Can I retire at age 59 with 411,000?

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 $411,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$33,940$33,638$33,343$33,055$32,774$31,536
2 years$16,802$16,489$16,186$15,892$15,607$14,374
3 years$11,090$10,776$10,473$10,182$9,901$8,712
4 years$8,235$7,921$7,622$7,336$7,062$5,926
5 years$6,522$6,210$5,915$5,634$5,368$4,288
6 years$5,380$5,071$4,780$4,506$4,248$3,224
7 years$4,565$4,259$3,972$3,705$3,455$2,487
8 years$3,954$3,651$3,369$3,108$2,866$1,954
9 years$3,479$3,179$2,902$2,647$2,413$1,556
10 years$3,100$2,802$2,530$2,282$2,056$1,251
11 years$2,789$2,494$2,227$1,986$1,769$1,014
12 years$2,531$2,239$1,976$1,742$1,533$827
13 years$2,312$2,023$1,766$1,538$1,336$678
14 years$2,125$1,839$1,587$1,365$1,172$558
15 years$1,963$1,680$1,432$1,217$1,032$460
16 years$1,821$1,541$1,299$1,090$912$381
17 years$1,696$1,419$1,182$979$808$316
18 years$1,585$1,312$1,079$883$719$262
19 years$1,486$1,216$988$798$641$218
20 years$1,397$1,130$906$722$572$182
21 years$1,316$1,052$834$656$512$151
22 years$1,243$982$768$596$459$126
23 years$1,177$919$709$543$412$105
24 years$1,116$861$656$495$370$88
25 years$1,060$808$608$452$333$74
26 years$1,008$759$564$413$300$61
27 years$960$714$523$378$271$51
28 years$916$673$487$347$244$43
29 years$875$635$453$318$221$36
30 years$837$600$422$292$199$30
31 years$801$567$393$268$180$25
32 years$767$536$367$246$163$21
33 years$736$508$343$226$147$18
34 years$707$482$320$208$134$15
35 years$679$457$299$192$121$12
36 years$653$433$280$177$110$10
37 years$628$412$262$163$99$9
38 years$605$391$245$150$90$7
39 years$583$372$230$138$82$6
40 years$562$354$215$128$74$5
41 years$542$337$202$118$67$4
42 years$523$321$190$109$61$4
43 years$505$306$178$100$55$3
44 years$488$291$167$93$50$3
45 years$472$278$157$86$46$2
46 years$457$265$147$79$41$2
47 years$442$253$138$73$38$1
48 years$428$242$130$67$34$1
49 years$414$231$122$62$31$1
50 years$401$220$115$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $411,000, adding $6,281 every year, while hoping to spend $33,623 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: 56/36/8 Blend
58$411,000$411,000$411,000$411,000
59$459,401$437,618$431,247$483,921
60$470,485$423,287$409,920$486,858
61$481,573$407,126$386,750$485,770
62$492,630$389,011$361,643$483,766
63$503,615$368,810$334,495$480,765
64$514,484$346,382$305,201$476,676
65$525,186$321,579$273,649$471,404
66$535,663$294,245$239,725$464,845
67$545,852$264,214$203,307$456,886
68$555,680$231,312$164,269$447,407
69$565,067$195,353$122,479$436,276
70$573,921$156,143$77,799$423,354
71$582,141$113,474$30,086$408,488
72$589,615$67,130$0$391,513
73$596,216$16,880$0$374,031
74$601,804$0$0$356,927
75$606,222$0$0$352,301
76$609,297$0$0$353,511
77$610,834$0$0$353,751
78$610,619$0$0$352,887
79$608,412$0$0$350,772
80$603,949$0$0$347,240
81$596,935$0$0$342,109
82$587,045$0$0$335,178
83$573,916$0$0$326,222
84$557,148$0$0$314,994
85$536,298$0$0$301,218
86$510,874$0$0$284,592
87$480,333$0$0$264,778
88$444,073$0$0$241,405
89$401,430$0$0$214,060
90$351,666$0$0$182,289
91$293,969$0$0$145,590
92$227,440$0$0$103,405
93$151,085$0$0$55,120
94$63,805$0$0$58
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0