Can I retire at age 59 with 457,000?

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 $457,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$37,739$37,402$37,075$36,754$36,442$36,167
2 years$18,682$18,335$17,997$17,670$17,353$17,076
3 years$12,331$11,982$11,645$11,322$11,010$10,739
4 years$9,156$8,808$8,475$8,157$7,852$7,590
5 years$7,252$6,906$6,577$6,265$5,969$5,716
6 years$5,983$5,639$5,315$5,010$4,723$4,479
7 years$5,076$4,736$4,417$4,119$3,841$3,607
8 years$4,397$4,059$3,746$3,455$3,187$2,962
9 years$3,869$3,534$3,226$2,943$2,684$2,469
10 years$3,447$3,115$2,813$2,537$2,287$2,081
11 years$3,101$2,773$2,476$2,208$1,967$1,770
12 years$2,814$2,489$2,198$1,937$1,704$1,517
13 years$2,571$2,250$1,963$1,710$1,486$1,308
14 years$2,363$2,045$1,764$1,518$1,303$1,133
15 years$2,182$1,868$1,593$1,354$1,147$986
16 years$2,025$1,714$1,444$1,212$1,014$861
17 years$1,886$1,578$1,314$1,089$899$754
18 years$1,762$1,458$1,200$981$799$662
19 years$1,652$1,352$1,098$887$712$583
20 years$1,553$1,256$1,008$803$636$514
21 years$1,464$1,170$927$729$569$454
22 years$1,382$1,092$854$663$510$401
23 years$1,308$1,021$789$604$458$355
24 years$1,241$957$730$551$412$315
25 years$1,178$898$676$503$371$280
26 years$1,121$844$627$460$334$248
27 years$1,068$794$582$421$301$221
28 years$1,019$749$541$386$272$197
29 years$973$706$503$354$245$175
30 years$930$667$469$324$222$156
31 years$890$630$437$298$200$139
32 years$853$597$408$274$181$124
33 years$818$565$381$252$164$110
34 years$786$535$356$232$148$98
35 years$755$508$333$213$134$88
36 years$726$482$311$196$122$78
37 years$698$458$291$181$110$70
38 years$673$435$273$167$100$62
39 years$648$414$256$154$91$56
40 years$625$394$240$142$82$50
41 years$603$375$225$131$75$45
42 years$582$357$211$121$68$40
43 years$562$340$198$112$62$36
44 years$543$324$186$103$56$32
45 years$525$309$174$95$51$28
46 years$508$295$164$88$46$25
47 years$491$281$154$81$42$23
48 years$476$269$145$75$38$20
49 years$461$256$136$69$34$18
50 years$446$245$128$64$31$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $457,000, adding $4,845 every year, while hoping to spend $38,194 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: 54/40/6 Blend
58$457,000$457,000$457,000$457,000
59$508,612$484,391$477,307$535,129
60$519,852$467,488$452,659$536,697
61$530,959$448,476$425,905$533,769
62$541,878$427,213$396,934$529,649
63$552,549$403,546$365,630$524,232
64$562,903$377,314$331,873$517,401
65$572,864$348,348$295,536$509,032
66$582,347$316,467$256,487$498,991
67$591,255$281,482$214,588$487,133
68$599,481$243,193$169,695$473,300
69$606,905$201,387$121,657$457,323
70$613,395$155,840$70,318$439,020
71$618,801$106,316$15,513$418,192
72$622,957$52,564$0$394,625
73$625,681$0$0$370,840
74$626,766$0$0$347,574
75$625,986$0$0$346,309
76$623,088$0$0$343,760
77$617,792$0$0$339,757
78$609,787$0$0$334,115
79$598,729$0$0$326,628
80$584,234$0$0$317,069
81$565,881$0$0$305,183
82$543,201$0$0$290,692
83$515,675$0$0$273,287
84$482,729$0$0$252,623
85$443,727$0$0$228,323
86$397,968$0$0$199,967
87$344,674$0$0$167,092
88$282,987$0$0$129,186
89$211,957$0$0$85,682
90$130,536$0$0$35,956
91$37,564$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0