Can I retire at age 59 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$40,877$40,513$40,157$39,811$39,472$38,549
2 years$20,236$19,859$19,494$19,140$18,796$17,872
3 years$13,357$12,978$12,614$12,263$11,925$11,028
4 years$9,918$9,540$9,180$8,835$8,505$7,642
5 years$7,855$7,480$7,124$6,786$6,465$5,639
6 years$6,480$6,108$5,757$5,427$5,116$4,327
7 years$5,498$5,129$4,784$4,462$4,161$3,409
8 years$4,763$4,397$4,057$3,743$3,452$2,737
9 years$4,190$3,828$3,495$3,188$2,907$2,229
10 years$3,733$3,374$3,047$2,748$2,477$1,835
11 years$3,359$3,004$2,682$2,392$2,130$1,523
12 years$3,048$2,696$2,380$2,098$1,846$1,273
13 years$2,784$2,437$2,127$1,852$1,610$1,070
14 years$2,559$2,215$1,911$1,644$1,411$903
15 years$2,364$2,023$1,725$1,466$1,242$765
16 years$2,193$1,856$1,564$1,313$1,098$650
17 years$2,043$1,710$1,423$1,180$974$554
18 years$1,909$1,580$1,299$1,063$866$473
19 years$1,790$1,464$1,189$961$772$404
20 years$1,682$1,360$1,092$870$689$346
21 years$1,585$1,267$1,004$790$617$297
22 years$1,497$1,183$925$718$553$255
23 years$1,417$1,106$854$654$496$219
24 years$1,344$1,037$790$596$446$188
25 years$1,276$973$732$545$401$162
26 years$1,214$914$679$498$362$140
27 years$1,157$860$630$456$326$120
28 years$1,103$811$586$418$294$104
29 years$1,054$765$545$383$266$89
30 years$1,008$722$508$351$240$77
31 years$965$683$474$323$217$67
32 years$924$646$442$297$196$57
33 years$886$612$413$273$178$50
34 years$851$580$385$251$161$43
35 years$818$550$360$231$146$37
36 years$786$522$337$213$132$32
37 years$756$496$316$196$120$28
38 years$728$471$295$181$108$24
39 years$702$448$277$167$98$21
40 years$677$426$259$154$89$18
41 years$653$406$243$142$81$15
42 years$630$386$228$131$73$13
43 years$609$368$214$121$67$11
44 years$588$351$201$112$60$10
45 years$569$335$189$103$55$9
46 years$550$319$177$95$50$7
47 years$532$305$167$88$45$6
48 years$515$291$157$81$41$6
49 years$499$278$147$75$37$5
50 years$483$265$138$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $495,000, adding $5,236 every year, while hoping to spend $34,018 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: 37/44/19 Blend
58$495,000$495,000$495,000$495,000
59$550,891$524,656$516,983$567,943
60$570,887$514,169$498,107$570,281
61$591,782$502,028$477,459$569,217
62$613,633$488,117$454,943$567,362
63$636,499$472,310$430,459$564,661
64$660,447$454,478$403,904$561,063
65$685,546$434,481$375,169$556,509
66$711,874$412,173$344,139$550,942
67$739,515$387,399$310,697$544,301
68$768,558$359,994$274,718$536,521
69$799,102$329,785$236,072$527,540
70$831,254$296,588$194,625$517,287
71$865,132$260,210$150,234$505,695
72$900,861$220,446$102,752$492,691
73$938,580$177,080$52,026$478,202
74$978,440$129,882$0$462,153
75$1,020,606$78,611$0$444,893
76$1,065,257$23,013$0$437,200
77$1,112,591$0$0$428,471
78$1,162,820$0$0$436,665
79$1,216,180$0$0$457,242
80$1,272,928$0$0$479,163
81$1,333,344$0$0$502,541
82$1,397,736$0$0$527,501
83$1,466,440$0$0$554,179
84$1,539,825$0$0$582,723
85$1,618,295$0$0$613,297
86$1,702,293$0$0$646,080
87$1,792,306$0$0$681,269
88$1,888,866$0$0$719,081
89$1,992,558$0$0$759,751
90$2,104,024$0$0$803,540
91$2,223,968$0$0$850,734
92$2,353,165$0$0$901,647
93$2,492,464$0$0$956,623
94$2,642,799$0$0$1,016,041
95$2,805,195$0$0$1,080,318
96$2,980,780$0$0$1,149,912
97$3,170,793$0$0$1,225,325
98$3,376,594$0$0$1,307,111
99$3,599,683$0$0$1,395,879
100$3,841,704$0$0$1,492,298