Can I retire at age 59 with 425,000?

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 $425,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$35,096$34,783$34,478$34,181$33,890$33,578
2 years$17,374$17,051$16,737$16,433$16,138$15,824
3 years$11,468$11,143$10,830$10,529$10,239$9,932
4 years$8,515$8,191$7,881$7,585$7,302$7,005
5 years$6,744$6,422$6,116$5,826$5,551$5,265
6 years$5,564$5,244$4,943$4,659$4,392$4,117
7 years$4,721$4,404$4,108$3,831$3,572$3,308
8 years$4,089$3,775$3,484$3,213$2,963$2,710
9 years$3,598$3,287$3,000$2,737$2,496$2,253
10 years$3,205$2,897$2,616$2,359$2,126$1,895
11 years$2,884$2,579$2,303$2,053$1,829$1,608
12 years$2,617$2,315$2,044$1,801$1,585$1,375
13 years$2,391$2,092$1,826$1,590$1,382$1,182
14 years$2,197$1,902$1,641$1,412$1,211$1,021
15 years$2,029$1,737$1,481$1,259$1,067$886
16 years$1,883$1,594$1,343$1,127$943$772
17 years$1,754$1,468$1,222$1,013$836$674
18 years$1,639$1,356$1,116$913$743$590
19 years$1,537$1,257$1,021$825$662$518
20 years$1,444$1,168$937$747$592$455
21 years$1,361$1,088$862$678$530$401
22 years$1,286$1,016$795$616$475$354
23 years$1,217$950$734$561$426$312
24 years$1,154$890$679$512$383$276
25 years$1,096$835$628$468$345$244
26 years$1,042$785$583$428$310$216
27 years$993$739$541$391$280$192
28 years$947$696$503$359$253$170
29 years$905$657$468$329$228$151
30 years$865$620$436$302$206$134
31 years$828$586$407$277$186$119
32 years$794$555$379$255$168$106
33 years$761$525$354$234$152$94
34 years$731$498$331$215$138$83
35 years$702$472$309$198$125$74
36 years$675$448$289$183$113$66
37 years$650$426$271$168$103$59
38 years$625$405$254$155$93$52
39 years$603$385$238$143$84$47
40 years$581$366$223$132$77$41
41 years$561$348$209$122$69$37
42 years$541$332$196$112$63$33
43 years$523$316$184$104$57$29
44 years$505$301$173$96$52$26
45 years$488$287$162$88$47$23
46 years$472$274$152$82$43$21
47 years$457$262$143$75$39$18
48 years$442$250$134$70$35$16
49 years$428$239$126$64$32$15
50 years$415$228$119$60$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $425,000, adding $5,224 every year, while hoping to spend $32,422 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: 51/35/14 Blend
58$425,000$425,000$425,000$425,000
59$473,739$451,214$444,626$495,849
60$487,563$438,826$425,024$499,180
61$501,711$424,745$403,679$498,953
62$516,181$408,854$380,498$497,980
63$530,971$391,027$355,384$496,199
64$546,077$371,134$328,237$493,545
65$561,494$349,037$298,949$489,950
66$577,214$324,587$267,412$485,339
67$593,229$297,631$233,509$479,634
68$609,527$268,004$197,121$472,751
69$626,095$235,532$158,120$464,600
70$642,917$200,033$116,377$455,087
71$659,972$161,312$71,754$444,109
72$677,239$119,166$24,107$431,558
73$694,690$73,378$0$417,318
74$712,295$23,720$0$405,261
75$730,018$0$0$395,362
76$747,819$0$0$395,472
77$765,650$0$0$404,712
78$783,459$0$0$413,915
79$801,186$0$0$423,046
80$818,762$0$0$432,066
81$836,110$0$0$440,931
82$853,143$0$0$449,592
83$869,764$0$0$457,991
84$885,863$0$0$466,068
85$901,316$0$0$473,751
86$915,986$0$0$480,962
87$929,719$0$0$487,615
88$942,342$0$0$493,609
89$953,663$0$0$498,838
90$963,467$0$0$503,178
91$971,516$0$0$506,495
92$977,544$0$0$508,638
93$981,256$0$0$509,440
94$982,321$0$0$508,715
95$980,377$0$0$506,256
96$975,017$0$0$501,834
97$965,791$0$0$495,195
98$952,201$0$0$486,058
99$933,693$0$0$474,110
100$909,655$0$0$459,005