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%12.3%
1 years$38,564$38,221$37,886$37,559$37,239$36,881
2 years$19,091$18,736$18,391$18,057$17,733$17,372
3 years$12,601$12,244$11,900$11,569$11,251$10,898
4 years$9,357$9,001$8,660$8,335$8,024$7,683
5 years$7,410$7,057$6,721$6,402$6,100$5,771
6 years$6,113$5,762$5,431$5,120$4,826$4,510
7 years$5,187$4,839$4,514$4,209$3,925$3,622
8 years$4,493$4,148$3,828$3,531$3,256$2,966
9 years$3,953$3,612$3,297$3,008$2,742$2,465
10 years$3,522$3,183$2,874$2,593$2,337$2,071
11 years$3,169$2,834$2,531$2,256$2,010$1,757
12 years$2,875$2,544$2,246$1,979$1,741$1,501
13 years$2,627$2,299$2,006$1,747$1,519$1,290
14 years$2,414$2,089$1,803$1,551$1,331$1,114
15 years$2,230$1,909$1,628$1,383$1,172$966
16 years$2,069$1,751$1,476$1,239$1,036$840
17 years$1,927$1,613$1,343$1,113$918$733
18 years$1,801$1,490$1,226$1,003$817$642
19 years$1,688$1,381$1,122$906$728$563
20 years$1,587$1,284$1,030$821$650$494
21 years$1,496$1,196$947$745$582$435
22 years$1,413$1,116$873$677$522$383
23 years$1,337$1,044$806$617$468$338
24 years$1,268$978$746$563$421$299
25 years$1,204$918$691$514$379$264
26 years$1,145$863$640$470$341$234
27 years$1,091$812$595$430$308$207
28 years$1,041$765$553$394$277$183
29 years$994$722$514$361$251$163
30 years$951$681$479$332$226$144
31 years$910$644$447$304$205$128
32 years$872$610$417$280$185$114
33 years$836$577$389$257$168$101
34 years$803$547$364$237$152$90
35 years$771$519$340$218$137$80
36 years$742$493$318$201$124$71
37 years$714$468$298$185$113$63
38 years$687$445$279$170$102$56
39 years$662$423$261$157$93$50
40 years$638$402$245$145$84$44
41 years$616$383$230$134$76$39
42 years$595$365$215$123$69$35
43 years$574$347$202$114$63$31
44 years$555$331$190$105$57$28
45 years$536$316$178$97$52$25
46 years$519$301$167$90$47$22
47 years$502$287$157$83$43$20
48 years$486$274$148$77$39$17
49 years$471$262$139$71$35$15
50 years$456$250$130$65$32$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $467,000, adding $2,464 every year, while hoping to spend $28,484 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: 66/28/6 Blend
58$467,000$467,000$467,000$467,000
59$517,176$492,425$485,186$550,662
60$539,621$486,247$471,133$567,029
61$563,401$478,811$455,655$581,260
62$588,621$470,027$438,673$596,053
63$615,399$459,796$420,107$611,456
64$643,860$448,017$399,870$627,529
65$674,143$434,579$377,876$644,334
66$706,401$419,368$354,029$661,941
67$740,798$402,262$328,234$680,431
68$777,518$383,132$300,389$699,891
69$816,761$361,841$270,387$720,420
70$858,743$338,244$238,118$742,128
71$903,707$312,189$203,467$765,137
72$951,913$283,515$166,311$789,584
73$1,003,652$252,051$126,526$815,621
74$1,059,239$217,616$83,980$843,417
75$1,119,023$180,020$38,534$873,161
76$1,183,384$139,062$0$905,061
77$1,252,742$94,529$0$939,990
78$1,327,557$46,197$0$980,242
79$1,408,335$0$0$1,023,647
80$1,495,631$0$0$1,072,436
81$1,590,056$0$0$1,140,629
82$1,692,282$0$0$1,214,481
83$1,803,046$0$0$1,294,526
84$1,923,160$0$0$1,381,356
85$2,053,515$0$0$1,475,618
86$2,195,094$0$0$1,578,026
87$2,348,976$0$0$1,689,365
88$2,516,348$0$0$1,810,496
89$2,698,517$0$0$1,942,371
90$2,896,920$0$0$2,086,034
91$3,113,141$0$0$2,242,635
92$3,348,918$0$0$2,413,440
93$3,606,170$0$0$2,599,842
94$3,887,004$0$0$2,803,374
95$4,193,744$0$0$3,025,725
96$4,528,944$0$0$3,268,752
97$4,895,418$0$0$3,534,501
98$5,296,266$0$0$3,825,225
99$5,734,898$0$0$4,143,405
100$6,215,070$0$0$4,491,771