Can I retire at age 59 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$37,408$37,075$36,750$36,433$36,123$34,883
2 years$18,519$18,174$17,840$17,516$17,201$15,965
3 years$12,223$11,877$11,544$11,222$10,913$9,719
4 years$9,076$8,731$8,401$8,085$7,783$6,640
5 years$7,188$6,845$6,519$6,210$5,917$4,828
6 years$5,930$5,590$5,269$4,966$4,682$3,648
7 years$5,032$4,694$4,378$4,083$3,808$2,829
8 years$4,358$4,024$3,713$3,425$3,159$2,234
9 years$3,835$3,503$3,198$2,918$2,660$1,789
10 years$3,416$3,088$2,788$2,515$2,267$1,447
11 years$3,074$2,749$2,455$2,189$1,949$1,180
12 years$2,789$2,467$2,178$1,920$1,689$968
13 years$2,548$2,230$1,946$1,695$1,473$798
14 years$2,342$2,027$1,749$1,505$1,291$661
15 years$2,163$1,852$1,579$1,342$1,137$549
16 years$2,007$1,699$1,431$1,201$1,005$457
17 years$1,869$1,565$1,303$1,079$891$382
18 years$1,747$1,446$1,189$973$792$319
19 years$1,638$1,340$1,089$879$706$267
20 years$1,540$1,245$999$796$631$224
21 years$1,451$1,160$919$723$564$188
22 years$1,370$1,083$847$657$506$158
23 years$1,297$1,012$782$598$454$133
24 years$1,230$949$723$546$408$112
25 years$1,168$890$670$498$367$94
26 years$1,111$837$621$456$331$79
27 years$1,058$787$577$417$298$67
28 years$1,010$742$536$382$269$56
29 years$964$700$499$350$243$47
30 years$922$661$465$322$220$40
31 years$883$625$433$295$199$34
32 years$846$591$404$271$180$28
33 years$811$560$378$250$163$24
34 years$779$531$353$230$147$20
35 years$748$503$330$211$133$17
36 years$719$478$309$195$121$14
37 years$692$454$289$179$109$12
38 years$667$431$270$165$99$10
39 years$642$410$253$152$90$9
40 years$619$390$237$141$82$7
41 years$597$371$223$130$74$6
42 years$577$354$209$120$67$5
43 years$557$337$196$111$61$4
44 years$538$321$184$102$55$4
45 years$520$306$173$94$50$3
46 years$503$292$162$87$46$3
47 years$487$279$152$80$41$2
48 years$471$266$143$74$38$2
49 years$457$254$135$69$34$2
50 years$442$243$127$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $453,000, adding $4,409 every year, while hoping to spend $34,041 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: 44/41/15 Blend
58$453,000$453,000$453,000$453,000
59$503,754$479,745$472,723$523,559
60$518,917$467,033$452,340$525,138
61$534,487$452,557$430,133$523,099
62$550,467$436,196$406,006$520,152
63$566,864$417,818$379,856$516,230
64$583,681$397,288$351,578$511,258
65$600,921$374,460$321,061$505,159
66$618,588$349,182$288,189$497,851
67$636,683$321,290$252,842$489,245
68$655,206$290,615$214,894$479,250
69$674,156$256,974$174,212$467,765
70$693,530$220,176$130,658$454,687
71$713,325$180,020$84,090$439,904
72$733,535$136,291$34,358$423,298
73$754,150$88,764$0$404,744
74$775,161$37,201$0$387,105
75$796,553$0$0$373,307
76$818,311$0$0$366,138
77$840,414$0$0$375,890
78$862,839$0$0$385,767
79$885,557$0$0$395,756
80$908,536$0$0$405,838
81$931,737$0$0$415,995
82$955,116$0$0$426,204
83$978,623$0$0$436,439
84$1,002,199$0$0$446,672
85$1,025,778$0$0$456,867
86$1,049,285$0$0$466,989
87$1,072,634$0$0$476,995
88$1,095,729$0$0$486,835
89$1,118,461$0$0$496,457
90$1,140,707$0$0$505,799
91$1,162,329$0$0$514,793
92$1,183,173$0$0$523,363
93$1,203,065$0$0$531,422
94$1,221,810$0$0$538,876
95$1,239,193$0$0$545,618
96$1,254,971$0$0$551,528
97$1,268,874$0$0$556,474
98$1,280,600$0$0$560,309
99$1,289,815$0$0$562,867
100$1,296,146$0$0$563,967