Can I retire at age 59 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$40,794$40,431$40,076$39,730$39,392$38,948
2 years$20,195$19,819$19,454$19,101$18,758$18,311
3 years$13,330$12,952$12,588$12,238$11,901$11,465
4 years$9,898$9,521$9,161$8,817$8,488$8,066
5 years$7,839$7,465$7,109$6,772$6,452$6,046
6 years$6,467$6,095$5,745$5,416$5,106$4,715
7 years$5,487$5,119$4,774$4,453$4,152$3,778
8 years$4,753$4,388$4,049$3,735$3,445$3,087
9 years$4,182$3,820$3,488$3,182$2,901$2,559
10 years$3,726$3,368$3,040$2,743$2,472$2,145
11 years$3,352$2,998$2,677$2,387$2,126$1,815
12 years$3,042$2,691$2,376$2,094$1,842$1,547
13 years$2,779$2,432$2,122$1,848$1,606$1,326
14 years$2,554$2,210$1,907$1,641$1,408$1,142
15 years$2,359$2,019$1,722$1,463$1,240$987
16 years$2,189$1,853$1,561$1,310$1,096$857
17 years$2,038$1,706$1,420$1,177$972$746
18 years$1,905$1,577$1,297$1,061$864$651
19 years$1,786$1,461$1,187$959$770$569
20 years$1,679$1,358$1,089$868$688$498
21 years$1,582$1,265$1,002$788$615$437
22 years$1,494$1,181$924$716$552$384
23 years$1,414$1,104$853$652$495$338
24 years$1,341$1,034$789$595$445$297
25 years$1,274$971$730$543$401$262
26 years$1,212$912$677$497$361$231
27 years$1,154$859$629$455$325$204
28 years$1,101$809$585$417$294$180
29 years$1,052$763$544$382$265$159
30 years$1,006$721$507$351$239$141
31 years$963$681$473$322$217$125
32 years$922$645$441$296$196$110
33 years$885$611$412$272$177$98
34 years$849$579$385$250$160$86
35 years$816$549$360$231$145$76
36 years$785$521$336$212$132$68
37 years$755$495$315$196$119$60
38 years$727$470$295$180$108$53
39 years$700$447$276$166$98$47
40 years$675$425$259$153$89$42
41 years$652$405$243$141$81$37
42 years$629$386$228$131$73$33
43 years$607$368$214$121$66$29
44 years$587$350$201$111$60$26
45 years$567$334$188$103$55$23
46 years$549$319$177$95$50$20
47 years$531$304$166$88$45$18
48 years$514$290$156$81$41$16
49 years$498$277$147$75$37$14
50 years$482$265$138$69$34$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $494,000, adding $6,330 every year, while hoping to spend $42,877 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: 53/42/5 Blend
58$494,000$494,000$494,000$494,000
59$550,917$524,735$517,078$579,178
60$561,490$504,827$488,780$579,100
61$571,704$482,505$458,096$573,755
62$581,478$457,608$424,902$566,892
63$590,720$429,961$389,067$558,374
64$599,327$399,383$350,454$548,054
65$607,185$365,680$308,921$535,773
66$614,166$328,647$264,319$521,357
67$620,129$288,068$216,491$504,622
68$624,914$243,716$165,276$485,366
69$628,346$195,348$110,503$463,371
70$630,228$142,711$51,996$438,401
71$630,342$85,535$0$410,201
72$628,447$23,536$0$379,051
73$624,273$0$0$347,092
74$617,523$0$0$331,378
75$607,867$0$0$324,815
76$594,936$0$0$316,311
77$578,327$0$0$305,628
78$557,589$0$0$292,503
79$532,224$0$0$276,644
80$501,681$0$0$257,728
81$465,350$0$0$235,397
82$422,558$0$0$209,257
83$372,558$0$0$178,872
84$314,525$0$0$143,757
85$247,547$0$0$103,380
86$170,618$0$0$57,151
87$82,623$0$0$4,418
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0