Can I retire at age 59 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$37,904$37,566$37,237$36,915$36,601$36,025
2 years$18,764$18,415$18,076$17,748$17,429$16,850
3 years$12,385$12,034$11,696$11,371$11,058$10,493
4 years$9,196$8,846$8,512$8,192$7,887$7,342
5 years$7,284$6,936$6,606$6,292$5,995$5,472
6 years$6,009$5,664$5,338$5,032$4,744$4,242
7 years$5,099$4,756$4,436$4,137$3,858$3,378
8 years$4,416$4,077$3,762$3,471$3,201$2,742
9 years$3,886$3,550$3,240$2,956$2,695$2,259
10 years$3,462$3,129$2,825$2,548$2,297$1,881
11 years$3,115$2,785$2,487$2,218$1,975$1,581
12 years$2,826$2,500$2,207$1,945$1,712$1,337
13 years$2,582$2,259$1,972$1,717$1,493$1,138
14 years$2,373$2,054$1,772$1,524$1,308$973
15 years$2,192$1,876$1,600$1,360$1,152$835
16 years$2,034$1,721$1,450$1,217$1,018$719
17 years$1,894$1,585$1,320$1,094$903$621
18 years$1,770$1,465$1,205$986$803$538
19 years$1,659$1,358$1,103$891$715$466
20 years$1,560$1,262$1,012$807$639$405
21 years$1,470$1,175$931$732$572$353
22 years$1,388$1,097$858$666$513$307
23 years$1,314$1,026$792$606$460$268
24 years$1,246$961$733$553$414$234
25 years$1,183$902$679$505$372$204
26 years$1,126$848$629$462$335$179
27 years$1,072$798$585$423$302$156
28 years$1,023$752$543$387$273$137
29 years$977$709$506$355$246$120
30 years$934$670$471$326$223$105
31 years$894$633$439$299$201$92
32 years$857$599$410$275$182$81
33 years$822$567$383$253$165$71
34 years$789$538$357$233$149$62
35 years$758$510$334$214$135$54
36 years$729$484$313$197$122$48
37 years$701$460$293$182$111$42
38 years$675$437$274$168$101$37
39 years$651$416$257$154$91$32
40 years$628$395$241$142$83$28
41 years$605$376$226$131$75$25
42 years$584$358$212$121$68$22
43 years$564$341$199$112$62$19
44 years$545$325$186$103$56$17
45 years$527$310$175$96$51$15
46 years$510$296$164$88$46$13
47 years$493$283$154$82$42$11
48 years$478$270$145$75$38$10
49 years$463$258$136$70$35$9
50 years$448$246$128$64$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $459,000, adding $2,335 every year, while hoping to spend $26,898 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: 67/12/21 Blend
58$459,000$459,000$459,000$459,000
59$508,227$483,900$476,785$539,441
60$531,446$478,991$464,138$555,743
61$556,133$472,941$450,166$570,250
62$582,408$465,665$434,796$585,473
63$610,404$457,072$417,952$601,484
64$640,266$447,070$399,554$618,361
65$672,153$435,556$379,519$636,190
66$706,240$422,426$357,760$655,068
67$742,718$407,566$334,187$675,102
68$781,797$390,858$308,703$696,413
69$823,706$372,176$281,211$719,131
70$868,698$351,387$251,606$743,406
71$917,051$328,350$219,780$769,399
72$969,067$302,917$185,619$797,292
73$1,025,080$274,928$149,006$827,286
74$1,085,458$244,220$109,818$859,604
75$1,150,603$210,615$67,925$894,494
76$1,220,957$173,927$23,193$932,229
77$1,297,007$133,962$0$973,114
78$1,379,286$90,510$0$1,022,984
79$1,468,382$43,354$0$1,082,618
80$1,564,941$0$0$1,147,259
81$1,669,673$0$0$1,218,423
82$1,783,358$0$0$1,301,909
83$1,906,855$0$0$1,392,625
84$2,041,110$0$0$1,491,269
85$2,187,160$0$0$1,598,608
86$2,346,151$0$0$1,715,484
87$2,519,339$0$0$1,842,828
88$2,708,109$0$0$1,981,660
89$2,913,986$0$0$2,133,105
90$3,138,646$0$0$2,298,400
91$3,383,936$0$0$2,478,909
92$3,651,887$0$0$2,676,132
93$3,944,738$0$0$2,891,718
94$4,264,950$0$0$3,127,488
95$4,615,236$0$0$3,385,441
96$4,998,582$0$0$3,667,782
97$5,418,277$0$0$3,976,939
98$5,877,939$0$0$4,315,583
99$6,381,558$0$0$4,686,659
100$6,933,525$0$0$5,093,407