Can I retire at age 59 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$40,381$40,021$39,671$39,328$38,994$38,780
2 years$19,991$19,618$19,258$18,908$18,568$18,353
3 years$13,195$12,821$12,461$12,114$11,781$11,570
4 years$9,797$9,425$9,068$8,728$8,402$8,198
5 years$7,760$7,389$7,037$6,704$6,387$6,190
6 years$6,401$6,034$5,687$5,361$5,054$4,864
7 years$5,432$5,067$4,726$4,408$4,110$3,928
8 years$4,705$4,343$4,008$3,697$3,410$3,234
9 years$4,140$3,782$3,452$3,149$2,872$2,703
10 years$3,688$3,333$3,010$2,715$2,447$2,286
11 years$3,318$2,968$2,650$2,363$2,104$1,950
12 years$3,011$2,664$2,352$2,072$1,823$1,677
13 years$2,751$2,407$2,101$1,830$1,590$1,450
14 years$2,528$2,188$1,888$1,624$1,394$1,261
15 years$2,335$1,999$1,704$1,448$1,227$1,100
16 years$2,166$1,834$1,545$1,297$1,085$964
17 years$2,018$1,689$1,406$1,165$962$847
18 years$1,886$1,561$1,284$1,050$855$747
19 years$1,768$1,446$1,175$949$762$659
20 years$1,662$1,344$1,078$859$681$584
21 years$1,566$1,252$992$780$609$517
22 years$1,479$1,169$914$709$546$459
23 years$1,400$1,093$844$646$490$408
24 years$1,327$1,024$781$589$441$363
25 years$1,261$961$723$538$396$324
26 years$1,199$903$671$492$357$289
27 years$1,143$850$623$450$322$258
28 years$1,090$801$579$413$291$230
29 years$1,041$756$539$378$262$206
30 years$995$714$502$347$237$184
31 years$953$675$468$319$214$165
32 years$913$638$436$293$194$147
33 years$876$604$408$269$175$132
34 years$841$573$381$248$159$118
35 years$808$543$356$228$144$106
36 years$777$516$333$210$130$95
37 years$747$490$312$194$118$85
38 years$720$466$292$179$107$76
39 years$693$443$273$165$97$68
40 years$669$421$256$152$88$61
41 years$645$401$240$140$80$55
42 years$623$382$225$129$73$49
43 years$601$364$212$119$66$44
44 years$581$347$199$110$60$40
45 years$562$331$186$102$54$36
46 years$543$315$175$94$49$32
47 years$526$301$165$87$45$29
48 years$509$287$155$80$41$26
49 years$493$274$145$74$37$23
50 years$477$262$137$69$34$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $489,000, adding $4,813 every year, while hoping to spend $25,788 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: 48/22/30 Blend
58$489,000$489,000$489,000$489,000
59$543,843$517,926$510,346$565,084
60$571,876$515,866$500,004$578,492
61$601,905$512,841$488,452$590,157
62$634,105$508,776$475,621$602,335
63$668,671$503,592$461,441$615,090
64$705,813$497,206$445,837$628,491
65$745,765$489,528$428,732$642,617
66$788,783$480,465$410,044$657,557
67$835,148$469,917$389,690$673,410
68$885,168$457,778$367,579$690,286
69$939,182$443,936$343,620$708,312
70$997,563$428,274$317,716$727,627
71$1,060,721$410,665$289,766$748,388
72$1,129,105$390,979$259,664$770,769
73$1,203,210$369,073$227,299$794,965
74$1,283,581$344,801$192,557$821,194
75$1,370,815$318,005$155,316$849,700
76$1,465,570$288,519$115,451$880,754
77$1,568,571$256,169$72,832$914,656
78$1,680,614$220,770$27,320$951,744
79$1,802,575$182,126$0$992,392
80$1,935,417$140,030$0$1,043,817
81$2,080,203$94,264$0$1,109,454
82$2,238,099$44,598$0$1,181,115
83$2,410,390$0$0$1,259,421
84$2,598,491$0$0$1,347,291
85$2,803,959$0$0$1,455,118
86$3,028,508$0$0$1,573,012
87$3,274,025$0$0$1,701,969
88$3,542,588$0$0$1,843,087
89$3,836,485$0$0$1,997,577
90$4,158,234$0$0$2,166,769
91$4,510,611$0$0$2,352,129
92$4,896,669$0$0$2,555,274
93$5,319,774$0$0$2,777,981
94$5,783,630$0$0$3,022,210
95$6,292,319$0$0$3,290,117
96$6,850,334$0$0$3,584,079
97$7,462,628$0$0$3,906,715
98$8,134,652$0$0$4,260,906
99$8,872,415$0$0$4,649,830
100$9,682,532$0$0$5,076,985