Can I retire at age 59 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$38,234$37,894$37,561$37,237$36,920$35,455
2 years$18,928$18,575$18,234$17,902$17,581$16,123
3 years$12,493$12,139$11,798$11,470$11,154$9,750
4 years$9,277$8,924$8,586$8,264$7,955$6,614
5 years$7,347$6,996$6,663$6,347$6,047$4,774
6 years$6,061$5,713$5,385$5,076$4,785$3,580
7 years$5,143$4,798$4,475$4,173$3,892$2,754
8 years$4,455$4,113$3,795$3,501$3,228$2,157
9 years$3,920$3,581$3,269$2,982$2,719$1,712
10 years$3,492$3,156$2,850$2,570$2,317$1,373
11 years$3,142$2,810$2,509$2,237$1,992$1,109
12 years$2,851$2,522$2,227$1,962$1,727$901
13 years$2,604$2,279$1,989$1,732$1,506$736
14 years$2,394$2,072$1,787$1,538$1,320$604
15 years$2,211$1,892$1,614$1,371$1,162$496
16 years$2,051$1,736$1,463$1,228$1,027$409
17 years$1,911$1,599$1,331$1,103$911$338
18 years$1,786$1,478$1,215$994$810$280
19 years$1,674$1,369$1,113$898$722$232
20 years$1,574$1,273$1,021$814$645$192
21 years$1,483$1,185$939$738$577$160
22 years$1,401$1,106$866$671$517$133
23 years$1,326$1,035$799$612$464$110
24 years$1,257$970$739$558$417$92
25 years$1,194$910$685$509$375$76
26 years$1,136$855$635$466$338$64
27 years$1,082$805$590$426$305$53
28 years$1,032$758$548$391$275$44
29 years$986$715$510$358$248$37
30 years$942$676$475$329$224$31
31 years$902$639$443$302$203$26
32 years$864$604$413$277$184$21
33 years$829$572$386$255$166$18
34 years$796$542$361$235$150$15
35 years$765$514$337$216$136$12
36 years$735$488$315$199$123$10
37 years$708$464$295$183$112$9
38 years$681$441$276$169$101$7
39 years$657$419$259$156$92$6
40 years$633$399$243$144$83$5
41 years$611$380$228$133$76$4
42 years$589$362$213$122$69$3
43 years$569$344$200$113$62$3
44 years$550$328$188$104$57$2
45 years$532$313$177$96$51$2
46 years$514$299$166$89$47$2
47 years$498$285$156$82$42$1
48 years$482$272$146$76$38$1
49 years$467$260$138$70$35$1
50 years$452$248$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $463,000, adding $4,132 every year, while hoping to spend $25,851 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: 35/44/21 Blend
58$463,000$463,000$463,000$463,000
59$514,488$489,949$482,773$529,084
60$539,461$486,451$471,440$536,684
61$566,114$481,916$458,862$542,196
62$594,592$476,264$444,968$547,614
63$625,053$469,414$429,688$552,944
64$657,671$461,277$412,944$558,196
65$692,634$451,761$394,659$563,383
66$730,152$440,766$374,749$568,523
67$770,453$428,189$353,129$573,637
68$813,789$413,920$329,708$578,752
69$860,434$397,841$304,391$583,898
70$910,691$379,828$277,082$589,115
71$964,894$359,752$247,676$594,448
72$1,023,406$337,473$216,066$599,952
73$1,086,630$312,845$182,141$605,687
74$1,155,005$285,714$145,782$611,730
75$1,229,018$255,916$106,868$618,163
76$1,309,200$223,278$65,270$625,085
77$1,396,138$187,618$20,856$632,610
78$1,490,475$148,743$0$640,866
79$1,592,921$106,448$0$655,949
80$1,704,254$60,520$0$677,453
81$1,825,332$10,729$0$700,925
82$1,957,099$0$0$726,619
83$2,100,591$0$0$775,716
84$2,256,952$0$0$834,938
85$2,427,437$0$0$899,574
86$2,613,431$0$0$970,156
87$2,816,455$0$0$1,047,271
88$3,038,186$0$0$1,131,563
89$3,280,469$0$0$1,223,743
90$3,545,335$0$0$1,324,594
91$3,835,021$0$0$1,434,976
92$4,151,988$0$0$1,555,838
93$4,498,949$0$0$1,688,225
94$4,878,889$0$0$1,833,286
95$5,295,095$0$0$1,992,290
96$5,751,189$0$0$2,166,629
97$6,251,159$0$0$2,357,842
98$6,799,396$0$0$2,567,620
99$7,400,737$0$0$2,797,828
100$8,060,512$0$0$3,050,519