Can I retire at age 59 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$37,243$36,911$36,588$36,272$35,963$34,924
2 years$18,437$18,094$17,761$17,438$17,125$16,087
3 years$12,169$11,825$11,493$11,173$10,865$9,859
4 years$9,036$8,692$8,364$8,049$7,749$6,784
5 years$7,157$6,815$6,491$6,183$5,891$4,969
6 years$5,904$5,565$5,245$4,944$4,661$3,784
7 years$5,010$4,673$4,359$4,065$3,791$2,958
8 years$4,339$4,006$3,697$3,410$3,145$2,355
9 years$3,818$3,488$3,184$2,905$2,648$1,902
10 years$3,401$3,074$2,776$2,504$2,257$1,552
11 years$3,061$2,737$2,444$2,179$1,941$1,277
12 years$2,777$2,457$2,169$1,911$1,682$1,057
13 years$2,537$2,220$1,938$1,687$1,467$880
14 years$2,331$2,018$1,741$1,498$1,286$736
15 years$2,154$1,843$1,572$1,336$1,132$617
16 years$1,998$1,691$1,425$1,196$1,000$519
17 years$1,861$1,558$1,297$1,075$887$438
18 years$1,739$1,439$1,184$969$789$370
19 years$1,631$1,334$1,084$875$703$313
20 years$1,533$1,240$995$793$628$265
21 years$1,444$1,155$915$719$562$225
22 years$1,364$1,078$843$654$504$191
23 years$1,291$1,008$779$596$452$163
24 years$1,224$944$720$543$406$138
25 years$1,163$886$667$496$366$118
26 years$1,106$833$618$454$329$100
27 years$1,054$784$574$415$297$85
28 years$1,005$739$534$380$268$73
29 years$960$697$497$349$242$62
30 years$918$658$463$320$219$53
31 years$879$622$431$294$198$45
32 years$842$589$403$270$179$38
33 years$808$557$376$249$162$33
34 years$775$528$351$229$147$28
35 years$745$501$328$210$133$24
36 years$716$476$307$194$120$20
37 years$689$452$287$179$109$17
38 years$664$429$269$165$99$15
39 years$640$408$252$152$90$13
40 years$617$388$236$140$81$11
41 years$595$370$222$129$74$9
42 years$574$352$208$119$67$8
43 years$555$336$195$110$61$7
44 years$536$320$183$102$55$6
45 years$518$305$172$94$50$5
46 years$501$291$162$87$45$4
47 years$485$278$152$80$41$4
48 years$469$265$143$74$37$3
49 years$455$253$134$68$34$3
50 years$440$242$126$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $451,000, adding $6,688 every year, while hoping to spend $26,787 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: 47/25/28 Blend
58$451,000$451,000$451,000$451,000
59$503,901$479,998$473,007$523,269
60$526,797$475,016$460,352$532,622
61$551,132$468,893$446,375$539,638
62$577,022$461,544$431,003$546,736
63$604,598$452,879$414,161$553,939
64$634,002$442,805$395,770$561,273
65$665,388$431,220$375,747$568,768
66$698,927$418,020$354,004$576,458
67$734,806$403,091$330,451$584,386
68$773,229$386,315$304,994$592,598
69$814,420$367,567$277,534$601,149
70$858,627$346,713$247,966$610,103
71$906,118$323,613$216,184$619,531
72$957,190$298,119$182,075$629,514
73$1,012,169$270,072$145,520$640,147
74$1,071,413$239,308$106,397$651,536
75$1,135,313$205,650$64,578$663,800
76$1,204,301$168,913$19,928$677,077
77$1,278,852$128,902$0$691,519
78$1,359,486$85,409$0$715,582
79$1,446,775$38,216$0$748,072
80$1,541,350$0$0$783,293
81$1,643,902$0$0$825,090
82$1,755,192$0$0$881,902
83$1,876,057$0$0$943,646
84$2,007,419$0$0$1,010,801
85$2,150,289$0$0$1,083,888
86$2,305,783$0$0$1,163,485
87$2,475,127$0$0$1,250,225
88$2,659,669$0$0$1,344,807
89$2,860,895$0$0$1,447,999
90$3,080,440$0$0$1,560,646
91$3,320,101$0$0$1,683,679
92$3,581,860$0$0$1,818,122
93$3,867,897$0$0$1,965,104
94$4,180,610$0$0$2,125,867
95$4,522,643$0$0$2,301,777
96$4,896,906$0$0$2,494,341
97$5,306,601$0$0$2,705,217
98$5,755,257$0$0$2,936,230
99$6,246,758$0$0$3,189,392
100$6,785,383$0$0$3,466,917