Can I retire at age 59 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$35,839$35,520$35,209$34,905$34,608$33,799
2 years$17,742$17,412$17,092$16,781$16,480$15,669
3 years$11,711$11,379$11,059$10,752$10,456$9,669
4 years$8,695$8,365$8,048$7,746$7,457$6,700
5 years$6,887$6,558$6,246$5,950$5,669$4,944
6 years$5,681$5,355$5,048$4,758$4,485$3,793
7 years$4,821$4,497$4,195$3,912$3,648$2,989
8 years$4,176$3,855$3,557$3,282$3,026$2,400
9 years$3,674$3,356$3,064$2,795$2,549$1,954
10 years$3,273$2,959$2,671$2,409$2,171$1,609
11 years$2,945$2,634$2,352$2,097$1,868$1,335
12 years$2,672$2,364$2,087$1,839$1,618$1,116
13 years$2,441$2,136$1,865$1,624$1,411$938
14 years$2,244$1,942$1,675$1,441$1,237$792
15 years$2,072$1,774$1,513$1,286$1,089$671
16 years$1,923$1,628$1,371$1,151$963$570
17 years$1,791$1,499$1,248$1,034$854$485
18 years$1,674$1,385$1,139$932$759$414
19 years$1,569$1,284$1,043$842$676$354
20 years$1,475$1,193$957$763$604$304
21 years$1,390$1,111$880$692$541$260
22 years$1,313$1,037$811$629$485$224
23 years$1,242$970$749$573$435$192
24 years$1,178$909$693$523$391$165
25 years$1,119$853$642$477$352$142
26 years$1,064$802$595$437$317$122
27 years$1,014$754$553$400$286$106
28 years$967$711$514$366$258$91
29 years$924$671$478$336$233$78
30 years$883$633$445$308$210$68
31 years$846$599$415$283$190$58
32 years$810$566$387$260$172$50
33 years$777$536$362$239$156$43
34 years$746$508$338$220$141$38
35 years$717$482$316$203$128$32
36 years$689$458$296$187$116$28
37 years$663$435$277$172$105$24
38 years$639$413$259$158$95$21
39 years$615$393$243$146$86$18
40 years$593$374$228$135$78$16
41 years$572$356$213$124$71$13
42 years$553$339$200$115$64$12
43 years$534$323$188$106$58$10
44 years$516$308$176$98$53$9
45 years$499$293$165$90$48$8
46 years$482$280$155$83$44$6
47 years$467$267$146$77$40$6
48 years$452$255$137$71$36$5
49 years$437$244$129$66$33$4
50 years$424$233$121$61$30$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $434,000, adding $4,797 every year, while hoping to spend $22,308 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$434,000$434,000$434,000$434,000
59$483,216$460,214$453,487$512,086
60$508,769$459,029$444,943$530,834
61$536,180$457,038$435,366$548,304
62$565,616$454,179$424,696$566,842
63$597,259$450,384$412,873$586,555
64$631,308$445,582$399,834$607,556
65$667,985$439,698$385,512$629,975
66$707,529$432,654$369,836$653,954
67$750,207$424,363$352,735$679,648
68$796,308$414,737$334,132$707,233
69$846,154$403,682$313,948$736,901
70$900,095$391,096$292,099$768,865
71$958,520$376,874$268,499$803,361
72$1,021,851$360,903$243,056$840,650
73$1,090,558$343,065$215,676$881,021
74$1,165,154$323,234$186,260$924,793
75$1,246,204$301,278$154,705$972,320
76$1,334,331$277,054$120,902$1,023,994
77$1,430,219$250,416$84,738$1,080,246
78$1,534,621$221,206$46,096$1,141,556
79$1,648,365$189,258$4,853$1,208,451
80$1,772,363$154,396$0$1,281,517
81$1,907,618$116,436$0$1,367,666
82$2,055,236$75,182$0$1,462,584
83$2,216,432$30,428$0$1,566,303
84$2,392,543$0$0$1,679,719
85$2,585,044$0$0$1,807,991
86$2,795,557$0$0$1,955,983
87$3,025,868$0$0$2,117,923
88$3,277,943$0$0$2,295,197
89$3,553,947$0$0$2,489,332
90$3,856,267$0$0$2,702,010
91$4,187,527$0$0$2,935,083
92$4,550,620$0$0$3,190,589
93$4,948,731$0$0$3,470,775
94$5,385,370$0$0$3,778,114
95$5,864,399$0$0$4,115,331
96$6,390,075$0$0$4,485,428
97$6,967,087$0$0$4,891,710
98$7,600,599$0$0$5,337,818
99$8,296,299$0$0$5,827,766
100$9,060,455$0$0$6,365,971