Can I retire at age 59 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$39,060$38,712$38,373$38,041$37,718$36,322
2 years$19,337$18,976$18,627$18,289$17,961$16,570
3 years$12,763$12,401$12,053$11,718$11,395$10,053
4 years$9,477$9,116$8,772$8,442$8,127$6,845
5 years$7,506$7,147$6,807$6,484$6,178$4,958
6 years$6,192$5,836$5,501$5,186$4,888$3,732
7 years$5,254$4,901$4,572$4,263$3,976$2,883
8 years$4,551$4,201$3,877$3,576$3,298$2,267
9 years$4,004$3,658$3,339$3,046$2,778$1,807
10 years$3,567$3,224$2,911$2,626$2,367$1,456
11 years$3,210$2,870$2,563$2,285$2,035$1,181
12 years$2,912$2,576$2,275$2,005$1,764$965
13 years$2,661$2,328$2,032$1,770$1,538$792
14 years$2,445$2,116$1,826$1,571$1,348$652
15 years$2,259$1,933$1,649$1,401$1,187$539
16 years$2,096$1,774$1,495$1,254$1,049$447
17 years$1,952$1,634$1,360$1,127$930$371
18 years$1,824$1,510$1,242$1,016$827$309
19 years$1,710$1,399$1,137$918$737$257
20 years$1,608$1,300$1,043$831$659$214
21 years$1,515$1,211$959$754$589$179
22 years$1,431$1,130$884$686$528$149
23 years$1,354$1,057$817$625$474$125
24 years$1,284$991$755$570$426$105
25 years$1,219$930$699$520$384$87
26 years$1,160$874$649$476$345$73
27 years$1,105$822$602$435$311$61
28 years$1,054$775$560$399$281$51
29 years$1,007$731$521$366$254$43
30 years$963$690$485$336$229$36
31 years$922$653$452$308$207$30
32 years$883$617$422$283$188$25
33 years$847$585$394$261$170$21
34 years$813$554$368$240$154$18
35 years$781$526$344$221$139$15
36 years$751$499$322$203$126$13
37 years$723$474$302$187$114$11
38 years$696$450$282$173$104$9
39 years$671$428$265$159$94$7
40 years$647$407$248$147$85$6
41 years$624$388$232$135$77$5
42 years$602$369$218$125$70$4
43 years$582$352$205$115$64$4
44 years$562$335$192$107$58$3
45 years$543$320$180$98$52$3
46 years$525$305$169$91$48$2
47 years$508$291$159$84$43$2
48 years$492$278$150$78$39$2
49 years$477$265$141$72$36$1
50 years$462$254$132$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $473,000, adding $5,582 every year, while hoping to spend $24,081 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: 53/21/26 Blend
58$473,000$473,000$473,000$473,000
59$527,004$501,935$494,603$550,857
60$555,136$500,908$485,551$566,922
61$585,331$499,023$475,387$581,470
62$617,773$496,214$464,051$596,814
63$652,666$492,408$451,477$613,039
64$690,231$487,530$437,595$630,240
65$730,715$481,499$422,335$648,522
66$774,386$474,230$405,620$668,005
67$821,539$465,633$387,374$688,819
68$872,498$455,611$367,514$711,112
69$927,622$444,065$345,954$735,046
70$987,301$430,885$322,605$760,802
71$1,051,966$415,959$297,373$788,583
72$1,122,092$399,167$270,161$818,613
73$1,198,200$380,381$240,866$851,139
74$1,280,863$359,466$209,382$886,441
75$1,370,712$336,281$175,597$924,823
76$1,468,441$310,674$139,395$966,627
77$1,574,812$282,487$100,654$1,012,232
78$1,690,665$251,552$59,249$1,062,056
79$1,816,925$217,690$15,046$1,116,565
80$1,954,608$180,714$0$1,176,275
81$2,104,835$140,425$0$1,250,669
82$2,268,836$96,614$0$1,336,502
83$2,447,969$49,060$0$1,430,338
84$2,643,726$0$0$1,532,998
85$2,857,752$0$0$1,645,958
86$3,091,856$0$0$1,781,960
87$3,348,031$0$0$1,930,829
88$3,628,470$0$0$2,093,847
89$3,935,592$0$0$2,272,425
90$4,272,056$0$0$2,468,115
91$4,640,792$0$0$2,682,628
92$5,045,029$0$0$2,917,848
93$5,488,321$0$0$3,175,852
94$5,974,582$0$0$3,458,923
95$6,508,125$0$0$3,769,581
96$7,093,701$0$0$4,110,598
97$7,736,539$0$0$4,485,029
98$8,442,405$0$0$4,896,239
99$9,217,646$0$0$5,347,936
100$10,069,256$0$0$5,844,202