Can I retire at age 59 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$39,555$39,203$38,859$38,524$38,196$36,681
2 years$19,582$19,217$18,864$18,521$18,189$16,681
3 years$12,925$12,559$12,206$11,867$11,540$10,087
4 years$9,597$9,232$8,883$8,549$8,230$6,843
5 years$7,601$7,238$6,893$6,567$6,256$4,939
6 years$6,271$5,910$5,571$5,251$4,951$3,703
7 years$5,321$4,963$4,630$4,317$4,026$2,849
8 years$4,609$4,255$3,926$3,622$3,340$2,231
9 years$4,055$3,704$3,382$3,085$2,813$1,771
10 years$3,612$3,265$2,948$2,659$2,397$1,420
11 years$3,251$2,907$2,596$2,314$2,061$1,147
12 years$2,949$2,609$2,303$2,030$1,786$933
13 years$2,694$2,358$2,058$1,792$1,558$762
14 years$2,476$2,143$1,849$1,591$1,365$624
15 years$2,287$1,958$1,670$1,419$1,202$513
16 years$2,122$1,796$1,514$1,270$1,062$423
17 years$1,977$1,654$1,377$1,141$942$350
18 years$1,847$1,529$1,257$1,029$838$289
19 years$1,732$1,417$1,151$929$747$240
20 years$1,628$1,317$1,056$842$667$199
21 years$1,534$1,226$972$764$597$165
22 years$1,449$1,145$896$695$535$137
23 years$1,371$1,071$827$633$480$114
24 years$1,300$1,003$765$577$432$95
25 years$1,235$941$708$527$388$79
26 years$1,175$885$657$482$350$66
27 years$1,119$833$610$441$315$55
28 years$1,068$785$567$404$285$46
29 years$1,020$740$528$371$257$38
30 years$975$699$492$340$232$32
31 years$933$661$458$312$210$26
32 years$894$625$428$287$190$22
33 years$858$592$399$264$172$18
34 years$823$561$373$243$156$15
35 years$791$532$349$224$141$13
36 years$761$505$326$206$128$11
37 years$732$480$305$190$116$9
38 years$705$456$286$175$105$7
39 years$679$434$268$161$95$6
40 years$655$413$251$149$86$5
41 years$632$393$235$137$78$4
42 years$610$374$221$127$71$4
43 years$589$356$207$117$64$3
44 years$569$340$195$108$59$2
45 years$550$324$183$100$53$2
46 years$532$309$172$92$48$2
47 years$515$295$161$85$44$1
48 years$498$282$151$79$40$1
49 years$483$269$142$73$36$1
50 years$468$257$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $479,000, adding $6,703 every year, while hoping to spend $36,409 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: 75/10/15 Blend
58$479,000$479,000$479,000$479,000
59$534,772$509,385$501,961$572,643
60$550,580$495,606$480,037$584,809
61$566,780$479,932$456,160$592,958
62$583,374$462,230$430,223$600,904
63$600,362$442,363$402,119$608,616
64$617,743$420,184$371,735$616,060
65$635,516$395,536$338,951$623,201
66$653,676$368,255$303,644$629,999
67$672,220$338,168$265,684$636,411
68$691,138$305,090$224,937$642,391
69$710,422$268,828$181,260$647,890
70$730,060$229,175$134,507$652,853
71$750,038$185,916$84,524$657,221
72$770,336$138,820$31,150$660,932
73$790,935$87,647$0$663,915
74$811,808$32,139$0$670,228
75$832,926$0$0$681,248
76$854,256$0$0$695,003
77$875,757$0$0$712,425
78$897,383$0$0$729,941
79$919,083$0$0$747,506
80$940,796$0$0$765,070
81$962,455$0$0$782,578
82$983,983$0$0$799,964
83$1,005,292$0$0$817,158
84$1,026,285$0$0$834,076
85$1,046,850$0$0$850,628
86$1,066,863$0$0$866,709
87$1,086,185$0$0$882,204
88$1,104,658$0$0$896,983
89$1,122,107$0$0$910,900
90$1,138,337$0$0$923,793
91$1,153,127$0$0$935,481
92$1,166,235$0$0$945,761
93$1,177,388$0$0$954,407
94$1,186,282$0$0$961,169
95$1,192,581$0$0$965,768
96$1,195,910$0$0$967,892
97$1,195,851$0$0$967,196
98$1,191,941$0$0$963,298
99$1,183,668$0$0$955,772
100$1,170,460$0$0$944,146