Can I retire at age 59 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$39,225$38,876$38,535$38,202$37,877$37,718
2 years$19,418$19,057$18,706$18,366$18,037$17,876
3 years$12,817$12,454$12,104$11,768$11,443$11,286
4 years$9,517$9,155$8,809$8,478$8,161$8,008
5 years$7,537$7,178$6,836$6,512$6,204$6,056
6 years$6,218$5,861$5,524$5,208$4,909$4,767
7 years$5,276$4,922$4,591$4,281$3,992$3,855
8 years$4,570$4,219$3,893$3,592$3,312$3,180
9 years$4,021$3,673$3,353$3,059$2,789$2,663
10 years$3,582$3,238$2,924$2,637$2,377$2,256
11 years$3,223$2,883$2,574$2,295$2,044$1,928
12 years$2,925$2,587$2,284$2,013$1,771$1,661
13 years$2,672$2,338$2,041$1,777$1,545$1,439
14 years$2,456$2,125$1,834$1,578$1,354$1,253
15 years$2,268$1,941$1,656$1,407$1,192$1,096
16 years$2,104$1,781$1,501$1,260$1,054$962
17 years$1,960$1,640$1,366$1,132$934$848
18 years$1,832$1,516$1,247$1,020$831$748
19 years$1,717$1,405$1,141$922$740$662
20 years$1,614$1,306$1,048$835$661$587
21 years$1,521$1,216$964$758$592$522
22 years$1,437$1,135$888$689$530$464
23 years$1,360$1,062$820$627$476$414
24 years$1,289$995$758$572$428$369
25 years$1,225$933$702$523$385$330
26 years$1,165$877$651$478$347$295
27 years$1,110$826$605$437$313$264
28 years$1,059$778$562$401$282$236
29 years$1,011$734$523$367$255$211
30 years$967$693$487$337$230$190
31 years$926$655$454$310$208$170
32 years$887$620$424$285$188$153
33 years$851$587$396$262$170$137
34 years$817$556$370$241$154$123
35 years$785$528$346$222$140$110
36 years$754$501$323$204$127$99
37 years$726$476$303$188$115$89
38 years$699$452$284$173$104$80
39 years$674$430$266$160$94$72
40 years$649$409$249$147$86$65
41 years$626$389$233$136$78$58
42 years$605$371$219$126$70$52
43 years$584$353$206$116$64$47
44 years$564$337$193$107$58$42
45 years$546$321$181$99$53$38
46 years$528$306$170$91$48$34
47 years$511$292$160$84$43$31
48 years$494$279$150$78$39$28
49 years$479$267$141$72$36$25
50 years$464$255$133$67$33$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $475,000, adding $5,174 every year, while hoping to spend $38,244 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: 80/6/14 Blend
58$475,000$475,000$475,000$475,000
59$528,787$503,612$496,249$569,202
60$542,032$487,598$472,183$580,496
61$555,346$469,517$446,028$587,425
62$568,696$449,228$417,674$593,933
63$582,044$426,581$387,007$599,960
64$595,347$401,418$353,906$605,440
65$608,555$373,570$318,245$610,302
66$621,614$342,862$279,893$614,466
67$634,461$309,104$238,712$617,847
68$647,026$272,100$194,558$620,348
69$659,230$231,640$147,283$621,867
70$670,984$187,503$96,730$622,288
71$682,189$139,456$42,735$621,486
72$692,734$87,251$0$619,322
73$702,496$30,628$0$617,870
74$711,334$0$0$621,697
75$719,095$0$0$626,283
76$725,607$0$0$631,782
77$730,678$0$0$636,003
78$734,094$0$0$638,758
79$735,619$0$0$639,837
80$734,988$0$0$639,007
81$731,910$0$0$636,011
82$726,060$0$0$630,563
83$717,077$0$0$622,343
84$704,561$0$0$611,000
85$688,071$0$0$596,142
86$667,116$0$0$577,339
87$641,153$0$0$554,109
88$609,580$0$0$525,924
89$571,731$0$0$492,195
90$526,872$0$0$452,274
91$474,187$0$0$405,442
92$412,776$0$0$350,905
93$341,642$0$0$287,785
94$259,686$0$0$215,110
95$165,691$0$0$131,808
96$58,314$0$0$36,695
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0