Can I retire at age 59 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$34,270$33,965$33,667$33,377$33,093$31,792
2 years$16,966$16,650$16,343$16,046$15,758$14,464
3 years$11,198$10,881$10,575$10,281$9,998$8,750
4 years$8,315$7,998$7,696$7,407$7,131$5,940
5 years$6,585$6,271$5,972$5,689$5,420$4,289
6 years$5,433$5,121$4,827$4,550$4,289$3,218
7 years$4,610$4,300$4,011$3,741$3,488$2,477
8 years$3,993$3,686$3,402$3,138$2,894$1,941
9 years$3,513$3,209$2,930$2,673$2,437$1,542
10 years$3,130$2,829$2,554$2,304$2,076$1,237
11 years$2,816$2,518$2,249$2,005$1,786$1,000
12 years$2,555$2,260$1,996$1,759$1,548$813
13 years$2,334$2,043$1,783$1,553$1,349$665
14 years$2,145$1,857$1,602$1,378$1,183$545
15 years$1,982$1,696$1,446$1,229$1,042$449
16 years$1,839$1,556$1,311$1,101$921$370
17 years$1,712$1,433$1,193$989$816$306
18 years$1,600$1,324$1,089$891$726$253
19 years$1,500$1,227$997$805$647$210
20 years$1,410$1,141$915$729$578$174
21 years$1,329$1,062$842$662$517$145
22 years$1,255$992$776$602$463$121
23 years$1,188$928$716$548$416$100
24 years$1,127$869$663$500$374$84
25 years$1,070$816$614$457$336$70
26 years$1,018$767$569$417$303$58
27 years$970$721$528$382$273$48
28 years$925$680$491$350$247$40
29 years$883$641$457$321$223$34
30 years$845$606$426$295$201$28
31 years$809$572$397$271$182$23
32 years$775$542$370$249$165$19
33 years$743$513$346$229$149$16
34 years$713$486$323$210$135$14
35 years$685$461$302$194$122$11
36 years$659$438$283$178$111$9
37 years$634$416$265$164$100$8
38 years$611$395$248$151$91$7
39 years$588$376$232$140$82$5
40 years$567$357$218$129$75$5
41 years$547$340$204$119$68$4
42 years$528$324$191$110$62$3
43 years$510$309$180$101$56$3
44 years$493$294$169$94$51$2
45 years$477$281$158$86$46$2
46 years$461$268$149$80$42$2
47 years$446$255$140$74$38$1
48 years$432$244$131$68$34$1
49 years$418$233$123$63$31$1
50 years$405$222$116$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $415,000, adding $4,571 every year, while hoping to spend $31,810 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: 35/49/16 Blend
58$415,000$415,000$415,000$415,000
59$462,045$440,050$433,617$475,797
60$475,328$427,767$414,298$473,921
61$488,900$413,816$393,265$468,576
62$502,756$398,081$370,428$462,128
63$516,891$380,441$345,692$454,496
64$531,298$360,767$318,957$445,596
65$545,968$338,922$290,119$435,335
66$560,889$314,761$259,070$423,618
67$576,047$288,132$225,697$410,342
68$591,428$258,874$189,881$395,399
69$607,010$226,816$151,499$378,673
70$622,773$191,778$110,422$360,042
71$638,690$153,569$66,515$339,375
72$654,730$111,988$19,637$316,535
73$670,860$66,822$0$291,374
74$687,039$17,848$0$268,925
75$703,223$0$0$247,750
76$719,360$0$0$243,307
77$735,392$0$0$248,415
78$751,253$0$0$253,423
79$766,869$0$0$258,301
80$782,155$0$0$263,017
81$797,018$0$0$267,532
82$811,353$0$0$271,804
83$825,040$0$0$275,788
84$837,948$0$0$279,430
85$849,927$0$0$282,672
86$860,814$0$0$285,449
87$870,424$0$0$287,688
88$878,550$0$0$289,309
89$884,965$0$0$290,223
90$889,413$0$0$290,329
91$891,612$0$0$289,516
92$891,246$0$0$287,662
93$887,967$0$0$284,630
94$881,387$0$0$280,270
95$871,075$0$0$274,413
96$856,555$0$0$266,873
97$837,297$0$0$257,445
98$812,717$0$0$245,901
99$782,165$0$0$231,989
100$744,922$0$0$215,429