Can I retire at age 59 with 465,000?

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 $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%17.2%
1 years$38,399$38,057$37,724$37,398$37,080$35,994
2 years$19,010$18,656$18,312$17,980$17,657$16,572
3 years$12,547$12,192$11,849$11,520$11,202$10,152
4 years$9,317$8,962$8,623$8,299$7,990$6,982
5 years$7,379$7,026$6,692$6,375$6,074$5,111
6 years$6,087$5,738$5,408$5,098$4,806$3,890
7 years$5,165$4,818$4,494$4,191$3,908$3,039
8 years$4,474$4,130$3,811$3,516$3,242$2,419
9 years$3,937$3,596$3,283$2,995$2,731$1,952
10 years$3,507$3,170$2,862$2,582$2,327$1,592
11 years$3,156$2,822$2,520$2,247$2,001$1,309
12 years$2,863$2,533$2,236$1,971$1,734$1,083
13 years$2,616$2,289$1,998$1,740$1,512$901
14 years$2,404$2,081$1,795$1,544$1,325$753
15 years$2,220$1,901$1,621$1,377$1,167$631
16 years$2,060$1,744$1,469$1,233$1,031$530
17 years$1,919$1,606$1,337$1,108$915$447
18 years$1,793$1,484$1,221$999$813$377
19 years$1,681$1,375$1,117$902$725$319
20 years$1,580$1,278$1,025$817$647$270
21 years$1,489$1,190$943$742$579$229
22 years$1,407$1,111$869$674$519$194
23 years$1,331$1,039$803$614$466$165
24 years$1,262$974$742$560$419$140
25 years$1,199$914$688$512$377$119
26 years$1,140$859$638$468$340$102
27 years$1,086$808$592$428$306$86
28 years$1,036$762$550$392$276$74
29 years$990$719$512$360$249$63
30 years$947$679$477$330$225$53
31 years$906$641$445$303$204$46
32 years$868$607$415$279$184$39
33 years$833$575$388$256$167$33
34 years$799$545$362$236$151$28
35 years$768$517$339$217$137$24
36 years$739$490$317$200$124$21
37 years$711$466$296$184$112$17
38 years$684$443$278$170$102$15
39 years$659$421$260$157$92$13
40 years$636$400$244$144$84$11
41 years$613$381$229$133$76$9
42 years$592$363$214$123$69$8
43 years$572$346$201$113$63$7
44 years$552$330$189$105$57$6
45 years$534$314$177$97$52$5
46 years$517$300$167$89$47$4
47 years$500$286$156$83$43$4
48 years$484$273$147$76$39$3
49 years$469$261$138$71$35$3
50 years$454$249$130$65$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $465,000, adding $4,219 every year, while hoping to spend $30,790 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: 62/14/24 Blend
58$465,000$465,000$465,000$465,000
59$516,782$492,137$484,929$545,303
60$536,733$483,491$468,414$556,469
61$557,688$473,390$450,314$564,893
62$579,715$461,729$430,543$573,410
63$602,892$448,400$409,011$582,032
64$627,299$433,284$385,626$590,777
65$653,028$416,259$360,289$599,662
66$680,176$397,195$332,898$608,711
67$708,851$375,954$303,346$617,950
68$739,168$352,390$271,522$627,410
69$771,255$326,349$237,310$637,126
70$805,250$297,668$200,588$647,139
71$841,306$266,174$161,227$657,496
72$879,588$231,685$119,097$668,250
73$920,277$194,009$74,059$679,463
74$963,573$152,943$25,967$691,205
75$1,009,691$108,271$0$703,556
76$1,058,871$59,767$0$723,098
77$1,111,372$7,192$0$750,960
78$1,167,479$0$0$780,641
79$1,227,506$0$0$819,975
80$1,291,795$0$0$863,310
81$1,360,723$0$0$909,797
82$1,434,703$0$0$959,716
83$1,514,187$0$0$1,013,375
84$1,599,672$0$0$1,071,115
85$1,691,704$0$0$1,133,307
86$1,790,883$0$0$1,200,360
87$1,897,866$0$0$1,272,724
88$2,013,378$0$0$1,350,891
89$2,138,213$0$0$1,435,404
90$2,273,244$0$0$1,526,859
91$2,419,432$0$0$1,625,912
92$2,577,833$0$0$1,733,282
93$2,749,606$0$0$1,849,763
94$2,936,028$0$0$1,976,224
95$3,138,502$0$0$2,113,625
96$3,358,574$0$0$2,263,019
97$3,597,942$0$0$2,425,566
98$3,858,474$0$0$2,602,542
99$4,142,226$0$0$2,795,351
100$4,451,463$0$0$3,005,538