Can I retire at age 59 with 422,000?

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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$34,848$34,538$34,235$33,940$33,651$32,535
2 years$17,252$16,930$16,619$16,317$16,024$14,910
3 years$11,387$11,064$10,754$10,455$10,166$9,090
4 years$8,455$8,133$7,826$7,532$7,251$6,220
5 years$6,696$6,377$6,073$5,785$5,512$4,530
6 years$5,524$5,207$4,908$4,626$4,361$3,428
7 years$4,688$4,373$4,079$3,804$3,547$2,663
8 years$4,060$3,748$3,459$3,191$2,943$2,107
9 years$3,572$3,264$2,979$2,718$2,478$1,690
10 years$3,183$2,877$2,597$2,343$2,111$1,370
11 years$2,864$2,561$2,287$2,039$1,816$1,119
12 years$2,598$2,299$2,029$1,788$1,574$920
13 years$2,374$2,077$1,813$1,579$1,372$760
14 years$2,182$1,888$1,629$1,402$1,203$631
15 years$2,015$1,725$1,471$1,250$1,059$525
16 years$1,870$1,583$1,334$1,119$936$438
17 years$1,741$1,457$1,213$1,006$830$366
18 years$1,627$1,347$1,108$906$738$307
19 years$1,526$1,248$1,014$819$658$258
20 years$1,434$1,160$931$742$588$217
21 years$1,352$1,080$856$673$526$182
22 years$1,277$1,008$789$612$471$153
23 years$1,208$943$728$557$423$129
24 years$1,146$884$674$508$380$109
25 years$1,088$829$624$464$342$92
26 years$1,035$779$579$424$308$78
27 years$986$734$537$389$278$66
28 years$941$691$500$356$251$55
29 years$898$652$465$326$226$47
30 years$859$616$433$300$205$40
31 years$822$582$404$275$185$33
32 years$788$551$377$253$167$28
33 years$756$522$352$233$151$24
34 years$725$494$329$214$137$20
35 years$697$469$307$197$124$17
36 years$670$445$287$181$112$14
37 years$645$423$269$167$102$12
38 years$621$402$252$154$92$10
39 years$598$382$236$142$84$9
40 years$577$363$221$131$76$7
41 years$557$346$207$121$69$6
42 years$537$329$195$112$63$5
43 years$519$314$183$103$57$4
44 years$501$299$171$95$52$4
45 years$485$285$161$88$47$3
46 years$469$272$151$81$42$3
47 years$454$260$142$75$39$2
48 years$439$248$133$69$35$2
49 years$425$237$125$64$32$2
50 years$412$226$118$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $422,000, adding $3,843 every year, while hoping to spend $21,509 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: 60/19/21 Blend
58$422,000$422,000$422,000$422,000
59$469,008$446,642$440,101$494,338
60$493,961$445,642$431,959$510,953
61$520,739$443,872$422,823$526,379
62$549,505$441,272$412,638$542,728
63$580,437$437,778$401,344$560,092
64$613,734$433,321$388,881$578,576
65$649,610$427,829$375,185$598,294
66$688,305$421,227$360,187$619,373
67$730,077$413,432$343,819$641,954
68$775,215$404,361$326,007$666,195
69$824,033$393,920$306,675$692,268
70$876,878$382,015$285,741$720,367
71$934,129$368,544$263,124$750,704
72$996,207$353,399$238,734$783,516
73$1,063,570$336,466$212,482$819,065
74$1,136,725$317,624$184,272$857,641
75$1,216,230$296,746$154,003$899,565
76$1,302,696$273,697$121,573$945,193
77$1,396,797$248,334$86,872$994,919
78$1,499,275$220,508$49,787$1,049,177
79$1,610,947$190,058$10,200$1,108,451
80$1,732,709$156,817$0$1,173,274
81$1,865,551$120,606$0$1,251,417
82$2,010,559$81,238$0$1,339,258
83$2,168,933$38,515$0$1,435,260
84$2,341,989$0$0$1,540,254
85$2,531,179$0$0$1,656,780
86$2,738,102$0$0$1,793,067
87$2,964,516$0$0$1,942,225
88$3,212,359$0$0$2,105,534
89$3,483,764$0$0$2,284,405
90$3,781,080$0$0$2,480,391
91$4,106,895$0$0$2,695,200
92$4,464,057$0$0$2,930,717
93$4,855,705$0$0$3,189,015
94$5,285,295$0$0$3,472,381
95$5,756,634$0$0$3,783,329
96$6,273,915$0$0$4,124,632
97$6,841,756$0$0$4,499,343
98$7,465,247$0$0$4,910,825
99$8,149,991$0$0$5,362,784
100$8,902,162$0$0$5,859,301