Can I retire at age 59 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$38,812$38,466$38,129$37,800$37,478$36,063
2 years$19,214$18,856$18,509$18,173$17,847$16,437
3 years$12,682$12,323$11,977$11,644$11,323$9,963
4 years$9,417$9,058$8,716$8,389$8,076$6,776
5 years$7,458$7,102$6,764$6,443$6,139$4,904
6 years$6,153$5,799$5,466$5,153$4,857$3,687
7 years$5,221$4,870$4,543$4,236$3,950$2,844
8 years$4,522$4,175$3,852$3,554$3,277$2,235
9 years$3,979$3,635$3,318$3,027$2,760$1,779
10 years$3,545$3,204$2,893$2,609$2,352$1,431
11 years$3,190$2,852$2,547$2,271$2,022$1,160
12 years$2,894$2,560$2,260$1,992$1,753$946
13 years$2,644$2,314$2,019$1,759$1,528$775
14 years$2,430$2,103$1,814$1,561$1,340$638
15 years$2,244$1,921$1,638$1,392$1,180$526
16 years$2,082$1,763$1,485$1,247$1,043$436
17 years$1,939$1,623$1,351$1,120$924$361
18 years$1,813$1,500$1,234$1,009$822$300
19 years$1,699$1,390$1,129$912$733$249
20 years$1,597$1,292$1,037$826$654$208
21 years$1,505$1,203$953$750$586$173
22 years$1,422$1,123$879$682$525$144
23 years$1,346$1,050$811$621$471$121
24 years$1,276$984$750$566$423$101
25 years$1,212$924$695$517$381$84
26 years$1,153$868$645$473$343$70
27 years$1,098$817$599$433$309$59
28 years$1,048$770$556$396$279$49
29 years$1,001$726$518$364$252$41
30 years$957$686$482$334$228$34
31 years$916$648$450$306$206$29
32 years$878$613$420$282$186$24
33 years$842$581$392$259$169$20
34 years$808$551$366$238$153$17
35 years$776$522$342$219$138$14
36 years$746$496$320$202$125$12
37 years$718$471$300$186$114$10
38 years$692$447$281$172$103$8
39 years$666$425$263$158$93$7
40 years$643$405$246$146$85$6
41 years$620$385$231$135$77$5
42 years$598$367$217$124$70$4
43 years$578$350$203$115$63$3
44 years$558$333$191$106$57$3
45 years$540$318$179$98$52$2
46 years$522$303$168$90$47$2
47 years$505$289$158$83$43$2
48 years$489$276$149$77$39$1
49 years$474$264$140$71$35$1
50 years$459$252$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $470,000, adding $4,074 every year, while hoping to spend $30,931 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: 57/18/25 Blend
58$470,000$470,000$470,000$470,000
59$522,142$497,232$489,947$548,139
60$542,491$488,686$473,450$557,841
61$563,878$478,685$455,364$564,791
62$586,377$467,124$435,602$571,716
63$610,068$453,894$414,075$578,620
64$635,038$438,878$390,690$585,513
65$661,381$421,952$365,347$592,404
66$689,200$402,986$337,945$599,309
67$718,609$381,843$308,376$606,243
68$749,729$358,375$276,529$613,228
69$782,694$332,429$242,286$620,289
70$817,652$303,840$205,525$627,455
71$854,762$272,438$166,120$634,760
72$894,199$238,038$123,936$642,247
73$936,154$200,449$78,835$649,964
74$980,837$159,467$30,671$657,966
75$1,028,478$114,876$0$666,317
76$1,079,327$66,449$0$680,621
77$1,133,660$13,947$0$704,525
78$1,191,779$0$0$729,979
79$1,254,014$0$0$765,635
80$1,320,728$0$0$806,846
81$1,392,319$0$0$851,099
82$1,469,225$0$0$898,667
83$1,551,924$0$0$949,850
84$1,640,942$0$0$1,004,980
85$1,736,858$0$0$1,064,417
86$1,840,306$0$0$1,128,560
87$1,951,985$0$0$1,197,846
88$2,072,659$0$0$1,272,756
89$2,203,172$0$0$1,353,818
90$2,344,449$0$0$1,441,612
91$2,497,507$0$0$1,536,776
92$2,663,466$0$0$1,640,014
93$2,843,557$0$0$1,752,095
94$3,039,131$0$0$1,873,871
95$3,251,678$0$0$2,006,274
96$3,482,836$0$0$2,150,332
97$3,734,405$0$0$2,307,175
98$4,008,369$0$0$2,478,048
99$4,306,908$0$0$2,664,320
100$4,632,423$0$0$2,867,497