Can I retire at age 59 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$35,674$35,356$35,046$34,744$34,448$33,239
2 years$17,660$17,332$17,013$16,704$16,404$15,199
3 years$11,657$11,326$11,008$10,702$10,407$9,243
4 years$8,655$8,326$8,011$7,710$7,423$6,309
5 years$6,855$6,528$6,217$5,922$5,643$4,582
6 years$5,655$5,330$5,024$4,736$4,465$3,459
7 years$4,799$4,476$4,175$3,894$3,631$2,679
8 years$4,156$3,837$3,541$3,266$3,012$2,113
9 years$3,657$3,341$3,050$2,782$2,537$1,690
10 years$3,258$2,945$2,659$2,398$2,161$1,365
11 years$2,932$2,622$2,341$2,087$1,859$1,112
12 years$2,660$2,353$2,077$1,831$1,611$911
13 years$2,430$2,126$1,856$1,616$1,405$750
14 years$2,233$1,933$1,668$1,435$1,231$620
15 years$2,063$1,766$1,506$1,280$1,084$514
16 years$1,914$1,620$1,365$1,146$958$428
17 years$1,783$1,492$1,242$1,029$850$356
18 years$1,666$1,379$1,134$928$755$298
19 years$1,562$1,278$1,038$838$673$249
20 years$1,468$1,187$953$759$601$208
21 years$1,384$1,106$876$689$538$175
22 years$1,307$1,032$808$627$482$146
23 years$1,237$966$746$571$433$123
24 years$1,173$905$690$520$389$103
25 years$1,114$849$639$475$350$87
26 years$1,059$798$592$435$316$73
27 years$1,009$751$550$398$284$61
28 years$963$708$511$364$257$52
29 years$920$668$476$334$232$43
30 years$879$630$443$307$209$37
31 years$842$596$413$282$189$31
32 years$807$564$386$259$171$26
33 years$774$534$360$238$155$22
34 years$743$506$336$219$140$18
35 years$714$480$315$202$127$15
36 years$686$456$294$186$115$13
37 years$660$433$275$171$104$11
38 years$636$411$258$158$95$9
39 years$613$391$242$145$86$8
40 years$591$372$226$134$78$7
41 years$570$354$212$124$71$6
42 years$550$337$199$114$64$5
43 years$531$321$187$105$58$4
44 years$513$306$175$97$53$3
45 years$496$292$165$90$48$3
46 years$480$279$155$83$44$2
47 years$464$266$145$77$40$2
48 years$450$254$137$71$36$2
49 years$435$242$128$66$33$1
50 years$422$232$121$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $432,000, adding $3,300 every year, while hoping to spend $25,718 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: 64/21/15 Blend
58$432,000$432,000$432,000$432,000
59$479,468$456,572$449,876$508,205
60$501,010$451,580$437,583$522,873
61$523,887$445,482$424,016$535,630
62$548,209$438,196$409,106$548,939
63$574,094$429,635$392,779$562,853
64$601,674$419,710$374,959$577,431
65$631,091$408,322$355,567$592,742
66$662,502$395,369$334,518$608,860
67$696,079$380,744$311,726$625,870
68$732,009$364,331$287,099$643,864
69$770,500$346,009$260,543$662,946
70$811,777$325,649$231,957$683,234
71$856,089$303,117$201,239$704,855
72$903,709$278,268$168,279$727,955
73$954,935$250,951$132,964$752,692
74$1,010,097$221,006$95,176$779,246
75$1,069,554$188,263$54,792$807,813
76$1,133,703$152,542$11,682$838,615
77$1,202,980$113,656$0$871,896
78$1,277,862$71,404$0$913,421
79$1,358,877$25,575$0$960,351
80$1,446,601$0$0$1,011,173
81$1,541,670$0$0$1,071,841
82$1,644,782$0$0$1,144,077
83$1,756,707$0$0$1,222,512
84$1,878,289$0$0$1,307,743
85$2,010,458$0$0$1,400,425
86$2,154,237$0$0$1,501,278
87$2,310,751$0$0$1,611,095
88$2,481,237$0$0$1,730,748
89$2,667,059$0$0$1,861,200
90$2,869,717$0$0$2,003,505
91$3,090,859$0$0$2,158,829
92$3,332,304$0$0$2,328,450
93$3,596,051$0$0$2,513,780
94$3,884,301$0$0$2,716,370
95$4,199,478$0$0$2,937,929
96$4,544,252$0$0$3,180,339
97$4,921,559$0$0$3,445,671
98$5,334,637$0$0$3,736,206
99$5,787,047$0$0$4,054,456
100$6,282,715$0$0$4,403,189