Can I retire at age 59 with 445,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$36,748$36,420$36,101$35,789$35,485$34,557
2 years$18,192$17,853$17,525$17,206$16,898$15,969
3 years$12,007$11,667$11,340$11,024$10,721$9,820
4 years$8,916$8,577$8,252$7,942$7,646$6,781
5 years$7,061$6,724$6,404$6,101$5,812$4,985
6 years$5,825$5,491$5,176$4,879$4,599$3,811
7 years$4,943$4,611$4,301$4,011$3,740$2,990
8 years$4,281$3,953$3,647$3,365$3,103$2,391
9 years$3,767$3,441$3,142$2,866$2,613$1,939
10 years$3,356$3,033$2,739$2,471$2,227$1,589
11 years$3,020$2,701$2,411$2,150$1,915$1,313
12 years$2,740$2,424$2,140$1,886$1,659$1,093
13 years$2,503$2,190$1,912$1,665$1,447$914
14 years$2,300$1,991$1,718$1,478$1,268$768
15 years$2,125$1,819$1,551$1,318$1,117$647
16 years$1,972$1,669$1,406$1,180$987$547
17 years$1,836$1,537$1,280$1,060$875$464
18 years$1,716$1,420$1,168$956$778$394
19 years$1,609$1,316$1,069$864$694$335
20 years$1,512$1,223$981$782$620$286
21 years$1,425$1,139$903$710$554$244
22 years$1,346$1,063$832$645$497$208
23 years$1,274$995$768$588$446$178
24 years$1,208$932$710$536$401$152
25 years$1,147$875$658$490$361$130
26 years$1,091$822$610$448$325$111
27 years$1,040$774$567$410$293$95
28 years$992$729$527$375$264$82
29 years$947$688$490$344$239$70
30 years$906$649$457$316$216$60
31 years$867$614$426$290$195$52
32 years$831$581$397$267$176$44
33 years$797$550$371$245$160$38
34 years$765$521$347$226$145$33
35 years$735$494$324$208$131$28
36 years$707$469$303$191$119$24
37 years$680$446$284$176$108$21
38 years$655$424$266$162$97$18
39 years$631$403$249$150$88$15
40 years$608$383$233$138$80$13
41 years$587$365$219$127$73$11
42 years$567$347$205$118$66$10
43 years$547$331$193$109$60$8
44 years$529$316$181$100$54$7
45 years$511$301$170$93$49$6
46 years$494$287$159$86$45$5
47 years$478$274$150$79$41$5
48 years$463$262$141$73$37$4
49 years$448$250$132$67$34$3
50 years$434$239$124$62$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $445,000, adding $3,426 every year, while hoping to spend $30,443 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: 43/44/13 Blend
58$445,000$445,000$445,000$445,000
59$493,924$470,339$463,441$513,160
60$511,913$460,994$446,576$517,611
61$530,717$450,172$428,124$519,119
62$550,386$437,766$408,003$520,083
63$570,976$423,667$386,121$520,468
64$592,546$407,758$362,387$520,236
65$615,161$389,913$336,703$519,346
66$638,892$370,003$308,966$517,757
67$663,814$347,889$279,072$515,429
68$690,010$323,422$246,908$512,317
69$717,571$296,450$212,359$508,377
70$746,594$266,807$175,304$503,564
71$777,187$234,320$135,617$497,830
72$809,464$198,806$93,164$491,130
73$843,554$160,072$47,809$483,415
74$879,593$117,912$0$474,637
75$917,734$72,112$0$464,830
76$958,140$22,443$0$460,947
77$1,000,992$0$0$456,322
78$1,046,485$0$0$466,104
79$1,094,837$0$0$488,078
80$1,146,280$0$0$511,487
81$1,201,074$0$0$536,453
82$1,259,500$0$0$563,109
83$1,321,866$0$0$591,600
84$1,388,512$0$0$622,085
85$1,459,807$0$0$654,739
86$1,536,159$0$0$689,754
87$1,618,014$0$0$727,339
88$1,705,861$0$0$767,726
89$1,800,237$0$0$811,168
90$1,901,731$0$0$857,942
91$2,010,990$0$0$908,355
92$2,128,725$0$0$962,740
93$2,255,716$0$0$1,021,468
94$2,392,822$0$0$1,084,943
95$2,540,983$0$0$1,153,610
96$2,701,235$0$0$1,227,957
97$2,874,717$0$0$1,308,524
98$3,062,680$0$0$1,395,901
99$3,266,499$0$0$1,490,738
100$3,487,688$0$0$1,593,751