Can I retire at age 59 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$36,995$36,666$36,344$36,031$35,724$35,544
2 years$18,315$17,973$17,643$17,322$17,011$16,829
3 years$12,088$11,746$11,416$11,099$10,793$10,615
4 years$8,976$8,634$8,308$7,996$7,698$7,525
5 years$7,109$6,770$6,447$6,142$5,852$5,685
6 years$5,865$5,528$5,210$4,912$4,630$4,469
7 years$4,976$4,642$4,330$4,038$3,766$3,611
8 years$4,310$3,979$3,672$3,387$3,124$2,975
9 years$3,793$3,465$3,163$2,885$2,631$2,488
10 years$3,379$3,054$2,757$2,487$2,242$2,105
11 years$3,040$2,719$2,428$2,165$1,928$1,797
12 years$2,758$2,440$2,154$1,899$1,671$1,546
13 years$2,520$2,205$1,925$1,676$1,457$1,338
14 years$2,316$2,004$1,729$1,488$1,277$1,164
15 years$2,139$1,831$1,561$1,327$1,124$1,017
16 years$1,985$1,680$1,416$1,188$994$891
17 years$1,849$1,547$1,288$1,068$881$784
18 years$1,728$1,430$1,176$962$783$691
19 years$1,620$1,325$1,077$869$698$611
20 years$1,523$1,231$988$787$624$541
21 years$1,435$1,147$909$715$558$480
22 years$1,355$1,071$838$650$500$426
23 years$1,283$1,001$773$592$449$379
24 years$1,216$938$715$540$404$338
25 years$1,155$880$662$493$363$301
26 years$1,099$827$614$451$327$269
27 years$1,047$779$571$412$295$240
28 years$998$734$530$378$266$215
29 years$954$692$494$347$240$192
30 years$912$654$460$318$217$172
31 years$873$618$429$292$196$154
32 years$836$585$400$268$178$138
33 years$802$554$373$247$161$124
34 years$770$525$349$227$146$111
35 years$740$498$326$209$132$99
36 years$712$473$305$193$119$89
37 years$685$449$286$177$108$80
38 years$659$426$267$164$98$72
39 years$635$406$251$151$89$64
40 years$612$386$235$139$81$58
41 years$591$367$220$128$73$52
42 years$570$350$207$118$66$47
43 years$551$333$194$109$60$42
44 years$532$318$182$101$55$38
45 years$515$303$171$93$50$34
46 years$498$289$160$86$45$30
47 years$482$276$151$80$41$27
48 years$466$263$142$74$37$25
49 years$451$251$133$68$34$22
50 years$437$240$125$63$31$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $448,000, adding $5,368 every year, while hoping to spend $24,665 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: 48/23/29 Blend
58$448,000$448,000$448,000$448,000
59$499,233$475,489$468,545$518,838
60$523,911$472,545$457,998$530,244
61$550,280$468,629$446,271$539,790
62$578,486$463,669$433,298$549,685
63$608,690$457,587$419,011$559,973
64$641,066$450,299$403,339$570,707
65$675,810$441,718$386,205$581,945
66$713,132$431,752$367,532$593,753
67$753,264$420,301$347,238$606,206
68$796,464$407,262$325,237$619,389
69$843,010$392,525$301,439$633,396
70$893,211$375,973$275,752$648,334
71$947,406$357,482$248,076$664,323
72$1,005,965$336,923$218,311$681,499
73$1,069,298$314,157$186,349$700,011
74$1,137,854$289,038$152,079$720,030
75$1,212,127$261,413$115,385$741,743
76$1,292,658$231,117$76,146$765,363
77$1,380,047$197,979$34,234$791,126
78$1,474,948$161,816$0$819,296
79$1,578,085$122,437$0$853,414
80$1,690,251$79,638$0$902,077
81$1,812,322$33,205$0$955,092
82$1,945,257$0$0$1,012,911
83$2,090,117$0$0$1,080,361
84$2,248,066$0$0$1,163,115
85$2,420,385$0$0$1,253,445
86$2,608,485$0$0$1,352,097
87$2,813,921$0$0$1,459,892
88$3,038,401$0$0$1,577,734
89$3,283,807$0$0$1,706,616
90$3,552,214$0$0$1,847,635
91$3,845,901$0$0$2,001,997
92$4,167,383$0$0$2,171,029
93$4,519,426$0$0$2,356,195
94$4,905,076$0$0$2,559,105
95$5,327,690$0$0$2,781,533
96$5,790,963$0$0$3,025,433
97$6,298,964$0$0$3,292,956
98$6,856,178$0$0$3,586,473
99$7,467,541$0$0$3,908,595
100$8,138,493$0$0$4,262,196