Can I retire at age 59 with 465,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$38,399$38,057$37,724$37,398$37,080$36,831
2 years$19,010$18,656$18,312$17,980$17,657$17,406
3 years$12,547$12,192$11,849$11,520$11,202$10,957
4 years$9,317$8,962$8,623$8,299$7,990$7,752
5 years$7,379$7,026$6,692$6,375$6,074$5,844
6 years$6,087$5,738$5,408$5,098$4,806$4,585
7 years$5,165$4,818$4,494$4,191$3,908$3,696
8 years$4,474$4,130$3,811$3,516$3,242$3,038
9 years$3,937$3,596$3,283$2,995$2,731$2,535
10 years$3,507$3,170$2,862$2,582$2,327$2,140
11 years$3,156$2,822$2,520$2,247$2,001$1,822
12 years$2,863$2,533$2,236$1,971$1,734$1,564
13 years$2,616$2,289$1,998$1,740$1,512$1,350
14 years$2,404$2,081$1,795$1,544$1,325$1,171
15 years$2,220$1,901$1,621$1,377$1,167$1,020
16 years$2,060$1,744$1,469$1,233$1,031$892
17 years$1,919$1,606$1,337$1,108$915$782
18 years$1,793$1,484$1,221$999$813$688
19 years$1,681$1,375$1,117$902$725$606
20 years$1,580$1,278$1,025$817$647$535
21 years$1,489$1,190$943$742$579$474
22 years$1,407$1,111$869$674$519$420
23 years$1,331$1,039$803$614$466$372
24 years$1,262$974$742$560$419$330
25 years$1,199$914$688$512$377$294
26 years$1,140$859$638$468$340$261
27 years$1,086$808$592$428$306$233
28 years$1,036$762$550$392$276$207
29 years$990$719$512$360$249$185
30 years$947$679$477$330$225$165
31 years$906$641$445$303$204$147
32 years$868$607$415$279$184$131
33 years$833$575$388$256$167$117
34 years$799$545$362$236$151$105
35 years$768$517$339$217$137$94
36 years$739$490$317$200$124$84
37 years$711$466$296$184$112$75
38 years$684$443$278$170$102$67
39 years$659$421$260$157$92$60
40 years$636$400$244$144$84$54
41 years$613$381$229$133$76$48
42 years$592$363$214$123$69$43
43 years$572$346$201$113$63$38
44 years$552$330$189$105$57$34
45 years$534$314$177$97$52$31
46 years$517$300$167$89$47$28
47 years$500$286$156$83$43$25
48 years$484$273$147$76$39$22
49 years$469$261$138$71$35$20
50 years$454$249$130$65$32$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $465,000, adding $3,482 every year, while hoping to spend $34,350 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: 51/22/27 Blend
58$465,000$465,000$465,000$465,000
59$516,022$491,377$484,169$538,261
60$532,108$478,906$463,841$541,635
61$548,683$464,673$441,680$541,565
62$565,762$448,555$417,589$540,807
63$583,358$430,422$391,467$539,310
64$601,485$410,138$363,205$537,022
65$620,158$387,556$332,694$533,884
66$639,391$362,523$299,816$529,839
67$659,199$334,877$264,450$524,822
68$679,597$304,445$226,469$518,767
69$700,600$271,047$185,740$511,605
70$722,224$234,491$142,125$503,260
71$744,483$194,574$95,478$493,654
72$767,393$151,081$45,650$482,705
73$790,970$103,787$0$470,325
74$815,229$52,452$0$458,590
75$840,185$0$0$459,410
76$865,853$0$0$460,335
77$892,249$0$0$474,341
78$919,386$0$0$488,739
79$947,279$0$0$503,534
80$975,942$0$0$518,734
81$1,005,388$0$0$534,346
82$1,035,630$0$0$550,375
83$1,066,678$0$0$566,827
84$1,098,543$0$0$583,707
85$1,131,236$0$0$601,020
86$1,164,763$0$0$618,768
87$1,199,132$0$0$636,954
88$1,234,346$0$0$655,580
89$1,270,409$0$0$674,647
90$1,307,320$0$0$694,152
91$1,345,076$0$0$714,093
92$1,383,673$0$0$734,467
93$1,423,101$0$0$755,266
94$1,463,347$0$0$776,482
95$1,504,393$0$0$798,103
96$1,546,217$0$0$820,116
97$1,588,791$0$0$842,503
98$1,632,081$0$0$865,245
99$1,676,045$0$0$888,315
100$1,720,634$0$0$911,685