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%19.3%
1 years$40,959$40,594$40,238$39,891$39,552$38,073
2 years$20,277$19,899$19,533$19,178$18,834$17,361
3 years$13,384$13,004$12,639$12,288$11,949$10,528
4 years$9,938$9,560$9,198$8,853$8,522$7,164
5 years$7,871$7,495$7,138$6,800$6,478$5,187
6 years$6,493$6,120$5,769$5,438$5,126$3,902
7 years$5,510$5,140$4,794$4,471$4,169$3,012
8 years$4,772$4,406$4,066$3,750$3,459$2,368
9 years$4,199$3,836$3,502$3,194$2,913$1,886
10 years$3,741$3,381$3,053$2,754$2,482$1,518
11 years$3,366$3,010$2,688$2,397$2,134$1,231
12 years$3,054$2,702$2,385$2,102$1,850$1,005
13 years$2,790$2,441$2,131$1,856$1,613$824
14 years$2,564$2,219$1,915$1,647$1,414$679
15 years$2,368$2,027$1,729$1,469$1,245$560
16 years$2,197$1,860$1,567$1,315$1,100$464
17 years$2,047$1,713$1,426$1,182$976$385
18 years$1,913$1,583$1,302$1,065$867$320
19 years$1,793$1,467$1,192$962$773$266
20 years$1,686$1,363$1,094$872$691$222
21 years$1,589$1,270$1,006$791$618$185
22 years$1,500$1,185$927$719$554$155
23 years$1,420$1,109$856$655$497$129
24 years$1,346$1,039$792$597$447$108
25 years$1,279$975$733$546$402$90
26 years$1,216$916$680$499$362$76
27 years$1,159$862$632$457$327$63
28 years$1,105$812$587$418$295$53
29 years$1,056$766$546$384$266$44
30 years$1,010$724$509$352$240$37
31 years$966$684$475$323$217$31
32 years$926$647$443$297$197$26
33 years$888$613$413$273$178$22
34 years$853$581$386$251$161$18
35 years$819$551$361$231$146$15
36 years$788$523$338$213$132$13
37 years$758$497$316$196$120$11
38 years$730$472$296$181$109$9
39 years$703$449$277$167$99$8
40 years$678$427$260$154$89$6
41 years$654$407$244$142$81$5
42 years$631$387$229$131$74$4
43 years$610$369$215$121$67$4
44 years$589$352$201$112$61$3
45 years$570$335$189$103$55$3
46 years$551$320$178$95$50$2
47 years$533$305$167$88$45$2
48 years$516$291$157$81$41$2
49 years$500$278$147$75$37$1
50 years$484$266$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $496,000, adding $3,184 every year, while hoping to spend $38,423 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: 69/23/8 Blend
58$496,000$496,000$496,000$496,000
59$549,876$523,588$515,900$586,819
60$565,082$508,362$492,301$596,481
61$580,551$491,103$466,624$602,064
62$596,269$471,669$438,758$607,135
63$612,220$449,912$408,588$611,636
64$628,385$425,677$375,994$615,505
65$644,741$398,796$340,851$618,673
66$661,262$369,093$303,026$621,068
67$677,916$336,385$262,383$622,611
68$694,670$300,473$218,779$623,215
69$711,481$261,152$172,063$622,788
70$728,305$218,201$122,081$621,229
71$745,089$171,390$68,667$618,429
72$761,774$120,474$11,653$614,270
73$778,292$65,194$0$608,624
74$794,568$5,278$0$605,551
75$810,516$0$0$602,037
76$826,040$0$0$612,014
77$841,032$0$0$622,907
78$855,371$0$0$633,288
79$868,923$0$0$643,053
80$881,536$0$0$652,087
81$893,040$0$0$660,261
82$903,248$0$0$667,431
83$911,949$0$0$673,437
84$918,910$0$0$678,100
85$923,870$0$0$681,222
86$926,540$0$0$682,582
87$926,598$0$0$681,934
88$923,686$0$0$679,007
89$917,409$0$0$673,499
90$907,325$0$0$665,073
91$892,948$0$0$653,359
92$873,737$0$0$637,944
93$849,091$0$0$618,371
94$818,349$0$0$594,136
95$780,773$0$0$564,679
96$735,553$0$0$529,381
97$681,786$0$0$487,555
98$618,479$0$0$438,445
99$544,529$0$0$381,213
100$458,720$0$0$314,931