Can I retire at age 59 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$40,133$39,776$39,427$39,087$38,754$37,987
2 years$19,868$19,498$19,139$18,792$18,454$17,685
3 years$13,114$12,742$12,384$12,040$11,708$10,960
4 years$9,737$9,367$9,013$8,674$8,350$7,630
5 years$7,712$7,344$6,994$6,663$6,348$5,656
6 years$6,362$5,997$5,652$5,328$5,023$4,362
7 years$5,398$5,036$4,697$4,381$4,085$3,454
8 years$4,676$4,317$3,984$3,675$3,389$2,788
9 years$4,114$3,759$3,431$3,130$2,854$2,282
10 years$3,665$3,313$2,991$2,698$2,432$1,889
11 years$3,298$2,949$2,633$2,348$2,091$1,577
12 years$2,992$2,647$2,337$2,060$1,812$1,326
13 years$2,734$2,392$2,088$1,818$1,580$1,121
14 years$2,512$2,175$1,876$1,614$1,385$952
15 years$2,321$1,986$1,694$1,440$1,220$812
16 years$2,153$1,823$1,536$1,289$1,078$694
17 years$2,005$1,678$1,397$1,158$956$595
18 years$1,874$1,551$1,276$1,044$850$511
19 years$1,757$1,437$1,168$943$758$440
20 years$1,652$1,336$1,072$854$677$380
21 years$1,557$1,244$986$775$606$328
22 years$1,470$1,161$909$705$543$283
23 years$1,391$1,086$839$642$487$245
24 years$1,319$1,018$776$585$438$213
25 years$1,253$955$719$535$394$184
26 years$1,192$898$666$489$355$160
27 years$1,135$845$619$447$320$139
28 years$1,083$796$575$410$289$120
29 years$1,035$751$535$376$261$105
30 years$989$709$499$345$236$91
31 years$947$670$465$317$213$79
32 years$907$634$434$291$193$69
33 years$870$601$405$268$174$60
34 years$836$569$378$246$158$52
35 years$803$540$354$227$143$45
36 years$772$513$331$209$130$39
37 years$743$487$310$192$117$34
38 years$715$463$290$177$106$30
39 years$689$440$272$164$97$26
40 years$664$419$255$151$88$23
41 years$641$398$239$139$79$20
42 years$619$379$224$128$72$17
43 years$598$362$210$119$65$15
44 years$577$345$197$110$59$13
45 years$558$329$185$101$54$11
46 years$540$314$174$93$49$10
47 years$522$299$164$86$44$9
48 years$506$286$154$80$40$7
49 years$490$273$144$74$37$7
50 years$475$261$136$68$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $486,000, adding $6,412 every year, while hoping to spend $37,977 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: 71/5/24 Blend
58$486,000$486,000$486,000$486,000
59$542,186$516,428$508,895$576,982
60$557,082$501,326$485,536$585,949
61$572,224$484,211$460,121$590,700
62$587,598$464,944$432,542$594,987
63$603,186$443,379$402,685$598,759
64$618,966$419,360$370,431$601,961
65$634,916$392,724$335,655$604,537
66$651,006$363,296$298,228$606,423
67$667,204$330,893$258,014$607,549
68$683,472$295,320$214,872$607,842
69$699,769$256,374$168,652$607,222
70$716,046$213,836$119,202$605,599
71$732,247$167,478$66,360$602,881
72$748,310$117,059$9,957$598,963
73$764,165$62,322$0$593,733
74$779,732$2,998$0$599,935
75$794,922$0$0$608,128
76$809,635$0$0$619,034
77$823,758$0$0$629,629
78$837,165$0$0$639,650
79$849,715$0$0$648,985
80$861,251$0$0$657,512
81$871,596$0$0$665,091
82$880,556$0$0$671,570
83$887,911$0$0$676,777
84$893,419$0$0$680,521
85$896,809$0$0$682,591
86$897,781$0$0$682,750
87$896,002$0$0$680,738
88$891,100$0$0$676,263
89$882,666$0$0$669,004
90$870,242$0$0$658,602
91$853,323$0$0$644,663
92$831,350$0$0$626,746
93$803,702$0$0$604,367
94$769,692$0$0$576,986
95$728,559$0$0$544,007
96$679,461$0$0$504,773
97$621,469$0$0$458,552
98$553,551$0$0$404,539
99$474,569$0$0$341,843
100$383,265$0$0$269,476