Can I retire at age 59 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$39,638$39,285$38,940$38,604$38,276$37,396
2 years$19,623$19,257$18,903$18,560$18,227$17,345
3 years$12,952$12,585$12,232$11,891$11,564$10,708
4 years$9,617$9,251$8,901$8,567$8,247$7,424
5 years$7,617$7,253$6,908$6,580$6,269$5,481
6 years$6,284$5,923$5,583$5,262$4,961$4,208
7 years$5,332$4,974$4,639$4,326$4,034$3,317
8 years$4,618$4,264$3,934$3,629$3,347$2,665
9 years$4,064$3,712$3,389$3,091$2,819$2,171
10 years$3,620$3,272$2,954$2,665$2,402$1,789
11 years$3,257$2,913$2,601$2,319$2,065$1,486
12 years$2,955$2,614$2,308$2,034$1,790$1,243
13 years$2,700$2,363$2,062$1,796$1,561$1,045
14 years$2,481$2,148$1,853$1,594$1,368$883
15 years$2,292$1,962$1,673$1,422$1,205$748
16 years$2,127$1,800$1,517$1,273$1,065$636
17 years$1,981$1,658$1,380$1,144$944$542
18 years$1,851$1,532$1,260$1,031$839$463
19 years$1,735$1,420$1,153$931$748$397
20 years$1,631$1,319$1,059$844$668$340
21 years$1,537$1,229$974$766$598$292
22 years$1,452$1,147$897$696$536$251
23 years$1,374$1,073$829$634$481$216
24 years$1,303$1,005$766$578$433$186
25 years$1,238$943$710$528$389$160
26 years$1,177$887$658$483$351$138
27 years$1,121$834$611$442$316$119
28 years$1,070$786$568$405$285$102
29 years$1,022$742$529$371$258$88
30 years$977$700$493$341$233$76
31 years$935$662$459$313$210$66
32 years$896$627$428$288$190$57
33 years$860$593$400$265$172$49
34 years$825$562$374$243$156$43
35 years$793$533$349$224$141$37
36 years$762$506$327$206$128$32
37 years$734$481$306$190$116$27
38 years$706$457$287$175$105$24
39 years$681$435$268$162$95$21
40 years$656$413$252$149$86$18
41 years$633$394$236$137$78$15
42 years$611$375$221$127$71$13
43 years$590$357$208$117$65$11
44 years$570$340$195$108$59$10
45 years$551$325$183$100$53$9
46 years$533$310$172$92$48$7
47 years$516$295$162$85$44$6
48 years$500$282$152$79$40$6
49 years$484$269$143$73$36$5
50 years$469$257$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $480,000, adding $4,768 every year, while hoping to spend $21,268 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: 57/15/28 Blend
58$480,000$480,000$480,000$480,000
59$533,878$508,438$500,998$559,964
60$565,705$510,723$495,153$580,686
61$600,065$512,406$488,398$600,632
62$637,194$513,437$480,683$621,939
63$677,353$513,760$471,950$644,745
64$720,825$513,316$462,143$669,202
65$767,924$512,044$451,200$695,481
66$818,995$509,877$439,058$723,768
67$874,417$506,745$425,650$754,273
68$934,606$502,575$410,908$787,224
69$1,000,021$497,286$394,759$822,876
70$1,071,166$490,796$377,126$861,512
71$1,148,596$483,015$357,930$903,442
72$1,232,921$473,851$337,089$949,012
73$1,324,813$463,204$314,515$998,603
74$1,425,011$450,968$290,119$1,052,636
75$1,534,328$437,032$263,805$1,111,578
76$1,653,662$421,278$235,474$1,175,943
77$1,783,996$403,582$205,023$1,246,303
78$1,926,417$383,810$172,344$1,323,286
79$2,082,119$361,825$137,325$1,407,588
80$2,252,417$337,477$99,848$1,499,980
81$2,438,761$310,610$59,790$1,601,309
82$2,642,744$281,060$17,023$1,712,516
83$2,866,124$248,651$0$1,834,637
84$3,110,834$213,200$0$1,977,368
85$3,379,003$174,511$0$2,139,406
86$3,672,978$132,379$0$2,317,102
87$3,995,342$86,586$0$2,512,044
88$4,348,940$36,902$0$2,725,982
89$4,736,907$0$0$2,960,847
90$5,162,693$0$0$3,221,558
91$5,630,103$0$0$3,514,485
92$6,143,324$0$0$3,836,166
93$6,706,971$0$0$4,189,500
94$7,326,126$0$0$4,577,678
95$8,006,389$0$0$5,004,218
96$8,753,928$0$0$5,472,992
97$9,575,539$0$0$5,988,269
98$10,478,709$0$0$6,554,751
99$11,471,686$0$0$7,177,618
100$12,563,556$0$0$7,862,578