Can I retire at age 59 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$40,216$39,858$39,508$39,167$38,834$38,034
2 years$19,909$19,538$19,179$18,830$18,492$17,690
3 years$13,141$12,768$12,410$12,065$11,732$10,953
4 years$9,757$9,386$9,031$8,692$8,368$7,617
5 years$7,728$7,359$7,009$6,676$6,361$5,641
6 years$6,375$6,009$5,664$5,339$5,033$4,345
7 years$5,410$5,046$4,707$4,390$4,093$3,437
8 years$4,686$4,326$3,992$3,682$3,396$2,771
9 years$4,123$3,766$3,438$3,136$2,860$2,266
10 years$3,673$3,320$2,997$2,704$2,437$1,873
11 years$3,305$2,955$2,639$2,353$2,096$1,562
12 years$2,998$2,653$2,342$2,064$1,816$1,311
13 years$2,739$2,397$2,092$1,822$1,584$1,107
14 years$2,518$2,179$1,880$1,617$1,388$939
15 years$2,326$1,991$1,697$1,443$1,222$799
16 years$2,158$1,826$1,539$1,292$1,080$683
17 years$2,010$1,682$1,400$1,161$958$584
18 years$1,878$1,554$1,278$1,046$852$502
19 years$1,761$1,440$1,170$945$759$431
20 years$1,655$1,338$1,074$856$678$371
21 years$1,560$1,247$988$777$607$320
22 years$1,473$1,164$910$706$544$276
23 years$1,394$1,088$841$643$488$239
24 years$1,322$1,020$777$587$439$207
25 years$1,256$957$720$536$395$179
26 years$1,194$899$668$490$356$155
27 years$1,138$847$620$448$321$134
28 years$1,085$798$577$411$289$116
29 years$1,037$753$537$377$261$101
30 years$991$711$500$346$236$87
31 years$949$672$466$318$213$76
32 years$909$636$435$292$193$66
33 years$872$602$406$268$175$57
34 years$837$571$379$247$158$50
35 years$804$541$355$227$143$43
36 years$773$514$332$209$130$37
37 years$744$488$310$193$118$33
38 years$717$464$291$178$107$28
39 years$691$441$272$164$97$25
40 years$666$419$255$151$88$21
41 years$642$399$239$139$80$19
42 years$620$380$225$129$72$16
43 years$599$362$211$119$66$14
44 years$579$345$198$110$60$12
45 years$559$329$186$101$54$11
46 years$541$314$174$94$49$9
47 years$524$300$164$86$45$8
48 years$507$286$154$80$40$7
49 years$491$273$145$74$37$6
50 years$475$261$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $487,000, adding $4,458 every year, while hoping to spend $22,066 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: 40/36/24 Blend
58$487,000$487,000$487,000$487,000
59$541,272$515,461$507,913$558,929
60$573,004$517,241$501,450$573,852
61$607,233$518,368$494,031$587,574
62$644,190$518,788$485,600$601,983
63$684,130$518,441$476,101$617,154
64$727,333$517,266$465,471$633,171
65$774,104$515,195$453,648$650,129
66$824,783$512,160$440,565$668,134
67$879,740$508,085$426,154$687,305
68$939,384$502,892$410,340$707,774
69$1,004,164$496,496$393,049$729,688
70$1,074,574$488,809$374,201$753,211
71$1,151,157$479,737$353,714$778,528
72$1,234,511$469,181$331,499$805,843
73$1,325,294$457,034$307,468$835,384
74$1,424,230$443,185$281,524$867,404
75$1,532,117$427,516$253,570$902,185
76$1,649,830$409,901$223,502$940,041
77$1,778,335$390,209$191,211$981,321
78$1,918,694$368,298$156,586$1,026,412
79$2,072,078$344,022$119,509$1,075,745
80$2,239,773$317,222$79,856$1,129,798
81$2,423,199$287,735$37,500$1,189,101
82$2,623,915$255,384$0$1,254,245
83$2,843,642$219,985$0$1,327,853
84$3,084,271$181,342$0$1,419,055
85$3,347,887$139,248$0$1,519,078
86$3,636,786$93,486$0$1,628,852
87$3,953,497$43,826$0$1,749,404
88$4,300,804$0$0$1,881,868
89$4,681,773$0$0$2,031,453
90$5,099,784$0$0$2,214,695
91$5,558,556$0$0$2,415,873
92$6,062,189$0$0$2,636,793
93$6,615,197$0$0$2,879,443
94$7,222,554$0$0$3,146,016
95$7,889,738$0$0$3,438,923
96$8,622,786$0$0$3,760,826
97$9,428,345$0$0$4,114,654
98$10,313,742$0$0$4,503,634
99$11,287,046$0$0$4,931,322
100$12,357,148$0$0$5,401,637