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%13.5%
1 years$37,491$37,157$36,831$36,513$36,203$35,676
2 years$18,560$18,214$17,879$17,554$17,239$16,710
3 years$12,250$11,903$11,569$11,247$10,937$10,422
4 years$9,096$8,750$8,419$8,103$7,801$7,303
5 years$7,204$6,860$6,534$6,224$5,930$5,451
6 years$5,943$5,602$5,280$4,977$4,692$4,233
7 years$5,043$4,704$4,388$4,092$3,816$3,376
8 years$4,368$4,033$3,721$3,433$3,166$2,746
9 years$3,843$3,511$3,205$2,924$2,666$2,266
10 years$3,424$3,095$2,794$2,520$2,272$1,890
11 years$3,081$2,755$2,460$2,194$1,954$1,591
12 years$2,795$2,473$2,183$1,924$1,693$1,349
13 years$2,554$2,235$1,951$1,699$1,476$1,150
14 years$2,347$2,031$1,753$1,508$1,294$985
15 years$2,168$1,856$1,582$1,345$1,139$848
16 years$2,011$1,703$1,435$1,204$1,007$731
17 years$1,873$1,568$1,305$1,082$893$633
18 years$1,751$1,449$1,192$975$794$549
19 years$1,641$1,343$1,091$881$708$477
20 years$1,543$1,248$1,001$798$632$416
21 years$1,454$1,162$921$724$566$363
22 years$1,373$1,085$849$658$507$317
23 years$1,300$1,015$784$600$455$277
24 years$1,232$951$725$547$409$242
25 years$1,170$892$671$499$368$212
26 years$1,113$839$623$457$332$186
27 years$1,061$789$578$418$299$163
28 years$1,012$744$537$383$270$143
29 years$966$702$500$351$244$126
30 years$924$663$466$322$220$110
31 years$885$626$434$296$199$97
32 years$848$593$405$272$180$85
33 years$813$561$378$250$163$75
34 years$781$532$354$230$147$66
35 years$750$504$331$212$134$58
36 years$721$479$309$195$121$51
37 years$694$455$289$180$110$45
38 years$668$432$271$166$99$39
39 years$644$411$254$153$90$35
40 years$621$391$238$141$82$31
41 years$599$372$223$130$74$27
42 years$578$354$209$120$67$24
43 years$558$338$196$111$61$21
44 years$539$322$184$102$55$18
45 years$521$307$173$94$50$16
46 years$504$293$163$87$46$14
47 years$488$279$153$81$42$13
48 years$472$267$144$74$38$11
49 years$458$255$135$69$34$10
50 years$443$243$127$64$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $454,000, adding $2,069 every year, while hoping to spend $27,677 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: 61/11/28 Blend
58$454,000$454,000$454,000$454,000
59$502,442$478,380$471,343$529,185
60$524,243$472,373$457,685$541,626
61$547,340$465,143$442,642$552,036
62$571,836$456,603$426,138$562,815
63$597,844$446,657$408,094$574,005
64$625,487$435,205$388,427$585,653
65$654,899$422,143$367,052$597,812
66$686,227$407,357$343,877$610,543
67$719,634$390,729$318,809$623,912
68$755,296$372,134$291,748$637,997
69$793,407$351,439$262,592$652,882
70$834,178$328,503$231,233$668,663
71$877,843$303,179$197,558$685,446
72$924,658$275,309$161,451$703,351
73$974,901$244,728$122,788$722,513
74$1,028,882$211,260$81,442$743,080
75$1,086,936$174,720$37,278$765,219
76$1,149,435$134,912$0$789,116
77$1,216,784$91,630$0$817,923
78$1,289,432$44,656$0$861,005
79$1,367,869$0$0$907,514
80$1,452,635$0$0$958,542
81$1,544,321$0$0$1,019,610
82$1,643,581$0$0$1,085,751
83$1,751,129$0$0$1,157,446
84$1,867,755$0$0$1,235,223
85$1,994,324$0$0$1,319,665
86$2,131,788$0$0$1,411,411
87$2,281,196$0$0$1,511,166
88$2,443,701$0$0$1,619,702
89$2,620,571$0$0$1,737,873
90$2,813,201$0$0$1,866,616
91$3,023,128$0$0$2,006,961
92$3,252,041$0$0$2,160,046
93$3,501,800$0$0$2,327,119
94$3,774,454$0$0$2,509,556
95$4,072,255$0$0$2,708,871
96$4,397,686$0$0$2,926,732
97$4,753,477$0$0$3,164,974
98$5,142,637$0$0$3,425,617
99$5,568,477$0$0$3,710,887
100$6,034,643$0$0$4,023,234