Can I retire at age 59 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$40,546$40,185$39,833$39,489$39,153$38,160
2 years$20,072$19,699$19,336$18,985$18,644$17,650
3 years$13,249$12,873$12,512$12,164$11,829$10,865
4 years$9,838$9,463$9,105$8,763$8,436$7,510
5 years$7,791$7,419$7,066$6,731$6,413$5,527
6 years$6,428$6,058$5,711$5,383$5,075$4,229
7 years$5,454$5,088$4,745$4,426$4,127$3,323
8 years$4,724$4,361$4,025$3,713$3,424$2,660
9 years$4,157$3,797$3,466$3,162$2,883$2,160
10 years$3,703$3,347$3,022$2,726$2,457$1,772
11 years$3,332$2,980$2,661$2,372$2,113$1,467
12 years$3,023$2,674$2,361$2,081$1,831$1,222
13 years$2,762$2,417$2,110$1,837$1,597$1,023
14 years$2,538$2,197$1,895$1,631$1,400$861
15 years$2,345$2,007$1,711$1,454$1,232$727
16 years$2,175$1,841$1,552$1,302$1,089$615
17 years$2,026$1,696$1,412$1,170$966$522
18 years$1,894$1,567$1,289$1,054$859$444
19 years$1,775$1,452$1,180$953$765$378
20 years$1,669$1,349$1,083$863$684$323
21 years$1,573$1,257$996$783$612$276
22 years$1,485$1,173$918$712$548$236
23 years$1,406$1,097$848$648$492$202
24 years$1,333$1,028$784$591$442$173
25 years$1,266$965$726$540$398$148
26 years$1,204$907$673$494$359$127
27 years$1,147$853$625$452$323$109
28 years$1,094$804$581$414$292$94
29 years$1,045$759$541$380$263$80
30 years$999$717$504$349$238$69
31 years$957$677$470$320$215$59
32 years$917$641$438$294$195$51
33 years$879$607$409$271$176$44
34 years$844$575$382$249$159$38
35 years$811$546$357$229$144$32
36 years$780$518$334$211$131$28
37 years$750$492$313$194$119$24
38 years$723$467$293$179$108$21
39 years$696$444$275$165$98$18
40 years$671$423$257$152$88$15
41 years$648$403$241$141$80$13
42 years$625$383$226$130$73$11
43 years$604$365$212$120$66$10
44 years$583$348$199$111$60$8
45 years$564$332$187$102$54$7
46 years$545$317$176$94$49$6
47 years$528$302$165$87$45$5
48 years$511$289$155$81$41$5
49 years$495$276$146$74$37$4
50 years$479$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $491,000, adding $4,486 every year, while hoping to spend $26,994 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: 74/20/6 Blend
58$491,000$491,000$491,000$491,000
59$545,709$519,686$512,076$585,395
60$572,650$516,430$500,509$608,875
61$601,434$512,108$487,650$630,723
62$632,221$506,642$473,427$653,882
63$665,186$499,946$457,765$678,472
64$700,520$491,928$440,585$704,626
65$738,434$482,494$421,805$732,489
66$779,159$471,540$401,340$762,224
67$822,947$458,960$379,100$794,010
68$870,079$444,640$354,990$828,043
69$920,858$428,458$328,913$864,542
70$975,620$410,288$300,767$903,746
71$1,034,735$389,993$270,444$945,923
72$1,098,606$367,432$237,832$991,364
73$1,167,680$342,452$202,816$1,040,395
74$1,242,446$314,894$165,272$1,093,373
75$1,323,441$284,589$125,074$1,150,694
76$1,411,257$251,359$82,089$1,212,795
77$1,506,544$215,015$36,178$1,280,157
78$1,610,017$175,356$0$1,353,314
79$1,722,464$132,174$0$1,433,674
80$1,844,749$85,244$0$1,523,590
81$1,977,825$34,333$0$1,621,472
82$2,122,740$0$0$1,728,122
83$2,280,645$0$0$1,849,005
84$2,452,811$0$0$1,989,063
85$2,640,634$0$0$2,141,877
86$2,845,650$0$0$2,308,700
87$3,069,551$0$0$2,490,913
88$3,314,199$0$0$2,690,034
89$3,581,646$0$0$2,907,734
90$3,874,149$0$0$3,145,853
91$4,194,193$0$0$3,406,419
92$4,544,515$0$0$3,691,663
93$4,928,129$0$0$4,004,042
94$5,348,354$0$0$4,346,263
95$5,808,845$0$0$4,721,305
96$6,313,627$0$0$5,132,451
97$6,867,134$0$0$5,583,314
98$7,474,248$0$0$6,077,878
99$8,140,348$0$0$6,620,527
100$8,871,358$0$0$7,216,091