Can I retire at age 59 with 473,000?

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 $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%14%
1 years$39,060$38,712$38,373$38,041$37,718$37,093
2 years$19,337$18,976$18,627$18,289$17,961$17,333
3 years$12,763$12,401$12,053$11,718$11,395$10,784
4 years$9,477$9,116$8,772$8,442$8,127$7,537
5 years$7,506$7,147$6,807$6,484$6,178$5,612
6 years$6,192$5,836$5,501$5,186$4,888$4,346
7 years$5,254$4,901$4,572$4,263$3,976$3,457
8 years$4,551$4,201$3,877$3,576$3,298$2,803
9 years$4,004$3,658$3,339$3,046$2,778$2,306
10 years$3,567$3,224$2,911$2,626$2,367$1,918
11 years$3,210$2,870$2,563$2,285$2,035$1,610
12 years$2,912$2,576$2,275$2,005$1,764$1,360
13 years$2,661$2,328$2,032$1,770$1,538$1,156
14 years$2,445$2,116$1,826$1,571$1,348$987
15 years$2,259$1,933$1,649$1,401$1,187$846
16 years$2,096$1,774$1,495$1,254$1,049$728
17 years$1,952$1,634$1,360$1,127$930$627
18 years$1,824$1,510$1,242$1,016$827$542
19 years$1,710$1,399$1,137$918$737$470
20 years$1,608$1,300$1,043$831$659$408
21 years$1,515$1,211$959$754$589$354
22 years$1,431$1,130$884$686$528$308
23 years$1,354$1,057$817$625$474$268
24 years$1,284$991$755$570$426$234
25 years$1,219$930$699$520$384$204
26 years$1,160$874$649$476$345$178
27 years$1,105$822$602$435$311$156
28 years$1,054$775$560$399$281$136
29 years$1,007$731$521$366$254$119
30 years$963$690$485$336$229$104
31 years$922$653$452$308$207$91
32 years$883$617$422$283$188$80
33 years$847$585$394$261$170$70
34 years$813$554$368$240$154$61
35 years$781$526$344$221$139$53
36 years$751$499$322$203$126$47
37 years$723$474$302$187$114$41
38 years$696$450$282$173$104$36
39 years$671$428$265$159$94$32
40 years$647$407$248$147$85$28
41 years$624$388$232$135$77$24
42 years$602$369$218$125$70$21
43 years$582$352$205$115$64$19
44 years$562$335$192$107$58$16
45 years$543$320$180$98$52$14
46 years$525$305$169$91$48$13
47 years$508$291$159$84$43$11
48 years$492$278$150$78$39$10
49 years$477$265$141$72$36$8
50 years$462$254$132$66$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $473,000, adding $4,704 every year, while hoping to spend $37,338 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: 55/36/9 Blend
58$473,000$473,000$473,000$473,000
59$526,098$501,029$493,698$553,626
60$540,033$485,852$470,509$557,605
61$554,137$468,680$445,293$557,419
62$568,390$449,376$417,940$556,323
63$582,765$427,794$388,340$554,234
64$597,232$403,782$356,375$551,067
65$611,759$377,176$321,922$546,728
66$626,305$347,805$284,854$541,117
67$640,829$315,488$245,037$534,128
68$655,278$280,032$202,331$525,643
69$669,598$241,235$156,591$515,540
70$683,724$198,882$107,663$503,684
71$697,585$152,748$55,391$489,931
72$711,099$102,593$0$474,128
73$724,176$48,165$0$456,146
74$736,714$0$0$441,446
75$748,599$0$0$428,808
76$759,704$0$0$434,753
77$769,885$0$0$440,115
78$778,986$0$0$444,795
79$786,827$0$0$448,687
80$793,212$0$0$451,668
81$797,922$0$0$453,606
82$800,712$0$0$454,352
83$801,310$0$0$453,739
84$799,416$0$0$451,585
85$794,694$0$0$447,686
86$786,774$0$0$441,815
87$775,243$0$0$433,721
88$759,644$0$0$423,128
89$739,472$0$0$409,727
90$714,166$0$0$393,178
91$683,106$0$0$373,103
92$645,606$0$0$349,084
93$600,903$0$0$320,660
94$548,159$0$0$287,320
95$486,443$0$0$248,499
96$414,726$0$0$203,572
97$331,872$0$0$151,849
98$236,625$0$0$92,567
99$127,596$0$0$24,882
100$3,251$0$0$0