Can I retire at age 59 with 496,000?

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 $496,000?

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$40,959$40,594$40,238$39,891$39,552$38,627
2 years$20,277$19,899$19,533$19,178$18,834$17,908
3 years$13,384$13,004$12,639$12,288$11,949$11,050
4 years$9,938$9,560$9,198$8,853$8,522$7,657
5 years$7,871$7,495$7,138$6,800$6,478$5,650
6 years$6,493$6,120$5,769$5,438$5,126$4,335
7 years$5,510$5,140$4,794$4,471$4,169$3,416
8 years$4,772$4,406$4,066$3,750$3,459$2,743
9 years$4,199$3,836$3,502$3,194$2,913$2,233
10 years$3,741$3,381$3,053$2,754$2,482$1,838
11 years$3,366$3,010$2,688$2,397$2,134$1,526
12 years$3,054$2,702$2,385$2,102$1,850$1,276
13 years$2,790$2,441$2,131$1,856$1,613$1,072
14 years$2,564$2,219$1,915$1,647$1,414$905
15 years$2,368$2,027$1,729$1,469$1,245$766
16 years$2,197$1,860$1,567$1,315$1,100$651
17 years$2,047$1,713$1,426$1,182$976$555
18 years$1,913$1,583$1,302$1,065$867$474
19 years$1,793$1,467$1,192$962$773$405
20 years$1,686$1,363$1,094$872$691$347
21 years$1,589$1,270$1,006$791$618$298
22 years$1,500$1,185$927$719$554$255
23 years$1,420$1,109$856$655$497$220
24 years$1,346$1,039$792$597$447$189
25 years$1,279$975$733$546$402$163
26 years$1,216$916$680$499$362$140
27 years$1,159$862$632$457$327$121
28 years$1,105$812$587$418$295$104
29 years$1,056$766$546$384$266$90
30 years$1,010$724$509$352$240$77
31 years$966$684$475$323$217$67
32 years$926$647$443$297$197$58
33 years$888$613$413$273$178$50
34 years$853$581$386$251$161$43
35 years$819$551$361$231$146$37
36 years$788$523$338$213$132$32
37 years$758$497$316$196$120$28
38 years$730$472$296$181$109$24
39 years$703$449$277$167$99$21
40 years$678$427$260$154$89$18
41 years$654$407$244$142$81$15
42 years$631$387$229$131$74$13
43 years$610$369$215$121$67$11
44 years$589$352$201$112$61$10
45 years$570$335$189$103$55$9
46 years$551$320$178$95$50$7
47 years$533$305$167$88$45$6
48 years$516$291$157$81$41$6
49 years$500$278$147$75$37$5
50 years$484$266$139$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $496,000, adding $2,435 every year, while hoping to spend $29,142 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: 61/20/19 Blend
58$496,000$496,000$496,000$496,000
59$549,104$522,816$515,128$579,761
60$574,105$517,427$501,378$595,365
61$600,681$510,797$486,190$608,933
62$628,959$502,835$469,487$623,070
63$659,082$493,444$451,184$637,837
64$691,207$482,520$431,196$653,299
65$725,502$469,956$409,434$669,530
66$762,154$455,635$385,801$686,613
67$801,369$439,436$360,200$704,641
68$843,370$421,230$332,529$723,716
69$888,404$400,880$302,678$743,956
70$936,740$378,242$270,536$765,488
71$988,674$353,162$235,986$788,458
72$1,044,531$325,480$198,904$813,025
73$1,104,669$295,024$159,163$839,368
74$1,169,479$261,615$116,629$867,688
75$1,239,393$225,060$71,163$898,206
76$1,314,882$185,159$22,618$931,169
77$1,396,466$141,698$0$966,853
78$1,484,718$94,453$0$1,011,480
79$1,580,264$43,187$0$1,064,751
80$1,683,795$0$0$1,122,487
81$1,796,070$0$0$1,187,861
82$1,917,924$0$0$1,269,159
83$2,050,275$0$0$1,357,495
84$2,194,132$0$0$1,453,545
85$2,350,606$0$0$1,558,056
86$2,520,921$0$0$1,671,850
87$2,706,419$0$0$1,795,828
88$2,908,582$0$0$1,930,987
89$3,129,038$0$0$2,078,419
90$3,369,580$0$0$2,239,329
91$3,632,180$0$0$2,415,042
92$3,919,011$0$0$2,607,018
93$4,232,464$0$0$2,816,864
94$4,575,170$0$0$3,046,347
95$4,950,030$0$0$3,297,416
96$5,360,233$0$0$3,572,215
97$5,809,293$0$0$3,873,105
98$6,301,081$0$0$4,202,686
99$6,839,857$0$0$4,563,821
100$7,430,315$0$0$4,959,666