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%19.8%
1 years$38,234$37,894$37,561$37,237$36,920$35,469
2 years$18,928$18,575$18,234$17,902$17,581$16,137
3 years$12,493$12,139$11,798$11,470$11,154$9,763
4 years$9,277$8,924$8,586$8,264$7,955$6,627
5 years$7,347$6,996$6,663$6,347$6,047$4,785
6 years$6,061$5,713$5,385$5,076$4,785$3,590
7 years$5,143$4,798$4,475$4,173$3,892$2,763
8 years$4,455$4,113$3,795$3,501$3,228$2,166
9 years$3,920$3,581$3,269$2,982$2,719$1,720
10 years$3,492$3,156$2,850$2,570$2,317$1,380
11 years$3,142$2,810$2,509$2,237$1,992$1,116
12 years$2,851$2,522$2,227$1,962$1,727$907
13 years$2,604$2,279$1,989$1,732$1,506$742
14 years$2,394$2,072$1,787$1,538$1,320$608
15 years$2,211$1,892$1,614$1,371$1,162$501
16 years$2,051$1,736$1,463$1,228$1,027$413
17 years$1,911$1,599$1,331$1,103$911$341
18 years$1,786$1,478$1,215$994$810$283
19 years$1,674$1,369$1,113$898$722$234
20 years$1,574$1,273$1,021$814$645$195
21 years$1,483$1,185$939$738$577$162
22 years$1,401$1,106$866$671$517$134
23 years$1,326$1,035$799$612$464$112
24 years$1,257$970$739$558$417$93
25 years$1,194$910$685$509$375$78
26 years$1,136$855$635$466$338$65
27 years$1,082$805$590$426$305$54
28 years$1,032$758$548$391$275$45
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$22
33 years$829$572$386$255$166$18
34 years$796$542$361$235$150$15
35 years$765$514$337$216$136$13
36 years$735$488$315$199$123$11
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$4
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 $5,764 every year, while hoping to spend $28,128 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: 29/41/30 Blend
58$463,000$463,000$463,000$463,000
59$516,172$491,633$484,456$526,255
60$538,893$485,795$470,757$528,900
61$562,989$478,728$455,657$528,936
62$588,571$470,342$439,078$528,423
63$615,759$460,543$420,941$527,334
64$644,686$449,229$401,162$525,641
65$675,496$436,293$379,653$523,319
66$708,347$421,622$356,322$520,340
67$743,414$405,097$331,075$516,679
68$780,887$386,591$303,810$512,312
69$820,973$365,970$274,423$507,214
70$863,902$343,092$242,806$501,366
71$909,925$317,808$208,844$494,746
72$959,315$289,959$172,419$487,338
73$1,012,375$259,377$133,405$479,128
74$1,069,437$225,886$91,674$470,105
75$1,130,864$189,299$47,089$460,263
76$1,197,055$149,417$0$449,602
77$1,268,450$106,034$0$438,282
78$1,345,529$58,927$0$442,255
79$1,428,823$7,864$0$446,500
80$1,518,913$0$0$451,097
81$1,616,439$0$0$477,524
82$1,722,105$0$0$510,062
83$1,836,684$0$0$545,410
84$1,961,026$0$0$583,839
85$2,096,067$0$0$625,644
86$2,242,834$0$0$671,156
87$2,402,461$0$0$720,732
88$2,576,191$0$0$774,771
89$2,765,395$0$0$833,708
90$2,971,581$0$0$898,024
91$3,196,407$0$0$968,248
92$3,441,700$0$0$1,044,961
93$3,709,469$0$0$1,128,804
94$4,001,927$0$0$1,220,483
95$4,321,510$0$0$1,320,774
96$4,670,899$0$0$1,430,532
97$5,053,047$0$0$1,550,700
98$5,471,203$0$0$1,682,314
99$5,928,949$0$0$1,826,515
100$6,430,224$0$0$1,984,563