Can I retire at age 59 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$37,656$37,321$36,993$36,674$36,362$35,628
2 years$18,642$18,294$17,958$17,632$17,315$16,579
3 years$12,304$11,956$11,620$11,297$10,986$10,270
4 years$9,136$8,789$8,456$8,139$7,835$7,145
5 years$7,236$6,890$6,562$6,251$5,956$5,295
6 years$5,969$5,627$5,303$4,999$4,713$4,080
7 years$5,065$4,725$4,407$4,110$3,833$3,229
8 years$4,387$4,050$3,738$3,448$3,180$2,605
9 years$3,860$3,527$3,219$2,937$2,678$2,132
10 years$3,439$3,108$2,807$2,532$2,282$1,763
11 years$3,094$2,767$2,471$2,203$1,962$1,471
12 years$2,808$2,484$2,193$1,933$1,700$1,236
13 years$2,565$2,245$1,959$1,706$1,483$1,044
14 years$2,357$2,040$1,760$1,515$1,300$886
15 years$2,177$1,864$1,589$1,351$1,144$755
16 years$2,020$1,710$1,441$1,209$1,011$645
17 years$1,882$1,575$1,311$1,087$897$553
18 years$1,759$1,455$1,197$979$797$475
19 years$1,649$1,349$1,096$885$711$408
20 years$1,550$1,253$1,006$801$635$352
21 years$1,460$1,167$925$727$568$304
22 years$1,379$1,090$853$661$509$262
23 years$1,305$1,019$787$602$457$227
24 years$1,238$955$728$549$411$196
25 years$1,176$896$674$502$370$170
26 years$1,118$842$625$459$333$147
27 years$1,065$793$581$420$300$128
28 years$1,016$747$540$385$271$111
29 years$971$705$502$353$245$96
30 years$928$665$468$324$221$84
31 years$889$629$436$297$200$73
32 years$851$595$407$273$181$63
33 years$817$564$380$251$164$55
34 years$784$534$355$231$148$48
35 years$753$507$332$213$134$41
36 years$724$481$311$196$122$36
37 years$697$457$291$181$110$31
38 years$671$434$272$166$100$27
39 years$647$413$255$153$91$24
40 years$623$393$239$142$82$21
41 years$601$374$224$131$75$18
42 years$581$356$210$121$68$16
43 years$561$339$197$111$61$14
44 years$542$323$185$103$56$12
45 years$524$308$174$95$51$10
46 years$507$294$163$88$46$9
47 years$490$281$153$81$42$8
48 years$475$268$144$75$38$7
49 years$460$256$136$69$34$6
50 years$445$244$127$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $456,000, adding $4,205 every year, while hoping to spend $36,724 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: 61/32/7 Blend
58$456,000$456,000$456,000$456,000
59$506,849$482,681$475,613$536,801
60$519,474$467,259$452,472$541,920
61$532,156$449,850$427,325$542,880
62$544,861$430,318$400,066$542,994
63$557,553$408,519$370,584$542,181
64$570,188$384,302$338,764$540,352
65$582,719$357,504$304,484$537,412
66$595,091$327,956$267,619$533,258
67$607,242$295,478$228,036$527,779
68$619,103$259,879$185,598$520,855
69$630,596$220,958$140,160$512,356
70$641,635$178,503$91,574$502,140
71$652,122$132,289$39,681$490,057
72$661,946$82,080$0$475,941
73$670,987$27,624$0$460,786
74$679,109$0$0$446,466
75$686,158$0$0$440,855
76$691,967$0$0$444,117
77$696,346$0$0$446,399
78$699,087$0$0$447,557
79$699,957$0$0$447,437
80$698,696$0$0$445,862
81$695,018$0$0$442,640
82$688,604$0$0$437,554
83$679,101$0$0$430,368
84$666,116$0$0$420,816
85$649,217$0$0$408,606
86$627,921$0$0$393,415
87$601,696$0$0$374,882
88$569,952$0$0$352,611
89$532,037$0$0$326,163
90$487,230$0$0$295,051
91$434,731$0$0$258,737
92$373,658$0$0$216,627
93$303,035$0$0$168,065
94$221,784$0$0$112,323
95$128,712$0$0$48,600
96$22,502$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0