Can I retire at age 59 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$37,491$37,157$36,831$36,513$36,203$36,050
2 years$18,560$18,214$17,879$17,554$17,239$17,085
3 years$12,250$11,903$11,569$11,247$10,937$10,787
4 years$9,096$8,750$8,419$8,103$7,801$7,654
5 years$7,204$6,860$6,534$6,224$5,930$5,789
6 years$5,943$5,602$5,280$4,977$4,692$4,556
7 years$5,043$4,704$4,388$4,092$3,816$3,685
8 years$4,368$4,033$3,721$3,433$3,166$3,040
9 years$3,843$3,511$3,205$2,924$2,666$2,545
10 years$3,424$3,095$2,794$2,520$2,272$2,156
11 years$3,081$2,755$2,460$2,194$1,954$1,843
12 years$2,795$2,473$2,183$1,924$1,693$1,587
13 years$2,554$2,235$1,951$1,699$1,476$1,375
14 years$2,347$2,031$1,753$1,508$1,294$1,198
15 years$2,168$1,856$1,582$1,345$1,139$1,048
16 years$2,011$1,703$1,435$1,204$1,007$920
17 years$1,873$1,568$1,305$1,082$893$810
18 years$1,751$1,449$1,192$975$794$715
19 years$1,641$1,343$1,091$881$708$633
20 years$1,543$1,248$1,001$798$632$562
21 years$1,454$1,162$921$724$566$499
22 years$1,373$1,085$849$658$507$444
23 years$1,300$1,015$784$600$455$396
24 years$1,232$951$725$547$409$353
25 years$1,170$892$671$499$368$315
26 years$1,113$839$623$457$332$282
27 years$1,061$789$578$418$299$252
28 years$1,012$744$537$383$270$226
29 years$966$702$500$351$244$202
30 years$924$663$466$322$220$181
31 years$885$626$434$296$199$162
32 years$848$593$405$272$180$146
33 years$813$561$378$250$163$131
34 years$781$532$354$230$147$117
35 years$750$504$331$212$134$106
36 years$721$479$309$195$121$95
37 years$694$455$289$180$110$85
38 years$668$432$271$166$99$77
39 years$644$411$254$153$90$69
40 years$621$391$238$141$82$62
41 years$599$372$223$130$74$56
42 years$578$354$209$120$67$50
43 years$558$338$196$111$61$45
44 years$539$322$184$102$55$41
45 years$521$307$173$94$50$37
46 years$504$293$163$87$46$33
47 years$488$279$153$81$42$30
48 years$472$267$144$74$38$27
49 years$458$255$135$69$34$24
50 years$443$243$127$64$31$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $454,000, adding $6,704 every year, while hoping to spend $27,772 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: 41/33/26 Blend
58$454,000$454,000$454,000$454,000
59$507,223$483,161$476,124$523,908
60$529,411$477,287$462,525$530,677
61$552,931$470,194$447,540$534,884
62$577,889$461,793$431,092$538,897
63$604,404$451,991$413,103$542,715
64$632,601$440,686$393,490$546,340
65$662,620$427,774$372,166$549,774
66$694,615$413,142$349,041$553,023
67$728,752$396,672$324,020$556,097
68$765,214$378,239$297,005$559,008
69$804,203$357,709$267,891$561,774
70$845,938$334,943$236,572$564,416
71$890,660$309,793$202,934$566,962
72$938,635$282,100$166,860$569,445
73$990,153$251,700$128,227$571,908
74$1,045,533$218,418$86,907$574,398
75$1,105,125$182,068$42,765$576,974
76$1,169,313$142,454$0$579,704
77$1,238,519$99,371$0$583,874
78$1,313,207$52,599$0$601,110
79$1,393,887$1,909$0$619,687
80$1,481,118$0$0$639,772
81$1,575,516$0$0$680,781
82$1,677,758$0$0$725,997
83$1,788,586$0$0$775,062
84$1,908,820$0$0$828,345
85$2,039,357$0$0$886,250
86$2,181,189$0$0$949,225
87$2,335,403$0$0$1,017,759
88$2,503,196$0$0$1,092,392
89$2,685,885$0$0$1,173,719
90$2,884,921$0$0$1,262,393
91$3,101,899$0$0$1,359,134
92$3,338,574$0$0$1,464,734
93$3,596,878$0$0$1,580,065
94$3,878,940$0$0$1,706,086
95$4,187,099$0$0$1,843,854
96$4,523,936$0$0$1,994,532
97$4,892,286$0$0$2,159,402
98$5,295,276$0$0$2,339,874
99$5,736,346$0$0$2,537,500
100$6,219,285$0$0$2,753,991