Can I retire at age 59 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$38,564$38,221$37,886$37,559$37,239$35,990
2 years$19,091$18,736$18,391$18,057$17,733$16,486
3 years$12,601$12,244$11,900$11,569$11,251$10,046
4 years$9,357$9,001$8,660$8,335$8,024$6,871
5 years$7,410$7,057$6,721$6,402$6,100$5,001
6 years$6,113$5,762$5,431$5,120$4,826$3,783
7 years$5,187$4,839$4,514$4,209$3,925$2,937
8 years$4,493$4,148$3,828$3,531$3,256$2,322
9 years$3,953$3,612$3,297$3,008$2,742$1,862
10 years$3,522$3,183$2,874$2,593$2,337$1,508
11 years$3,169$2,834$2,531$2,256$2,010$1,231
12 years$2,875$2,544$2,246$1,979$1,741$1,011
13 years$2,627$2,299$2,006$1,747$1,519$835
14 years$2,414$2,089$1,803$1,551$1,331$692
15 years$2,230$1,909$1,628$1,383$1,172$576
16 years$2,069$1,751$1,476$1,239$1,036$480
17 years$1,927$1,613$1,343$1,113$918$401
18 years$1,801$1,490$1,226$1,003$817$336
19 years$1,688$1,381$1,122$906$728$282
20 years$1,587$1,284$1,030$821$650$237
21 years$1,496$1,196$947$745$582$199
22 years$1,413$1,116$873$677$522$167
23 years$1,337$1,044$806$617$468$141
24 years$1,268$978$746$563$421$119
25 years$1,204$918$691$514$379$100
26 years$1,145$863$640$470$341$84
27 years$1,091$812$595$430$308$71
28 years$1,041$765$553$394$277$60
29 years$994$722$514$361$251$51
30 years$951$681$479$332$226$43
31 years$910$644$447$304$205$36
32 years$872$610$417$280$185$31
33 years$836$577$389$257$168$26
34 years$803$547$364$237$152$22
35 years$771$519$340$218$137$18
36 years$742$493$318$201$124$16
37 years$714$468$298$185$113$13
38 years$687$445$279$170$102$11
39 years$662$423$261$157$93$9
40 years$638$402$245$145$84$8
41 years$616$383$230$134$76$7
42 years$595$365$215$123$69$6
43 years$574$347$202$114$63$5
44 years$555$331$190$105$57$4
45 years$536$316$178$97$52$3
46 years$519$301$167$90$47$3
47 years$502$287$157$83$43$2
48 years$486$274$148$77$39$2
49 years$471$262$139$71$35$2
50 years$456$250$130$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $467,000, adding $5,628 every year, while hoping to spend $21,303 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: 48/43/9 Blend
58$467,000$467,000$467,000$467,000
59$520,439$495,688$488,450$543,891
60$550,858$497,311$482,147$562,206
61$583,665$498,299$474,918$579,385
62$619,082$498,599$466,711$597,545
63$657,352$498,154$457,470$616,784
64$698,742$496,903$447,135$637,209
65$743,546$494,783$435,646$658,943
66$792,085$491,726$422,938$682,118
67$844,716$487,658$408,944$706,884
68$901,828$482,504$393,595$733,406
69$963,850$476,183$376,816$761,868
70$1,031,255$468,608$358,531$792,474
71$1,104,561$459,688$338,661$825,450
72$1,184,341$449,327$317,120$861,046
73$1,271,222$437,422$293,822$899,541
74$1,365,896$423,865$268,674$941,244
75$1,469,125$408,542$241,582$986,496
76$1,581,746$391,331$212,446$1,035,678
77$1,704,682$372,104$181,160$1,089,209
78$1,838,947$350,725$147,617$1,147,555
79$1,985,660$327,051$111,703$1,211,233
80$2,146,051$300,930$73,298$1,280,812
81$2,321,474$272,201$32,279$1,356,927
82$2,513,420$240,695$0$1,440,277
83$2,723,533$206,233$0$1,532,742
84$2,953,620$168,625$0$1,637,456
85$3,205,673$127,671$0$1,752,278
86$3,481,885$83,160$0$1,878,275
87$3,784,671$34,869$0$2,016,622
88$4,116,692$0$0$2,168,621
89$4,480,878$0$0$2,343,960
90$4,880,455$0$0$2,554,494
91$5,318,979$0$0$2,785,603
92$5,800,365$0$0$3,039,357
93$6,328,927$0$0$3,318,038
94$6,909,414$0$0$3,624,157
95$7,547,062$0$0$3,960,481
96$8,247,636$0$0$4,330,061
97$9,017,488$0$0$4,736,255
98$9,863,615$0$0$5,182,763
99$10,793,728$0$0$5,673,662
100$11,816,318$0$0$6,213,444