Can I retire at age 59 with 450,000?

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 $450,000?

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$37,161$36,830$36,507$36,191$35,884$35,479
2 years$18,396$18,054$17,722$17,400$17,087$16,680
3 years$12,142$11,798$11,467$11,148$10,841$10,444
4 years$9,016$8,673$8,345$8,032$7,732$7,348
5 years$7,141$6,800$6,476$6,169$5,878$5,508
6 years$5,891$5,552$5,234$4,933$4,651$4,295
7 years$4,999$4,663$4,349$4,056$3,782$3,442
8 years$4,330$3,997$3,688$3,403$3,138$2,812
9 years$3,810$3,480$3,177$2,898$2,642$2,331
10 years$3,394$3,068$2,770$2,498$2,252$1,954
11 years$3,054$2,731$2,438$2,174$1,936$1,653
12 years$2,771$2,451$2,164$1,907$1,678$1,409
13 years$2,531$2,215$1,933$1,684$1,463$1,207
14 years$2,326$2,013$1,737$1,495$1,283$1,040
15 years$2,149$1,839$1,568$1,333$1,129$899
16 years$1,994$1,688$1,422$1,193$998$781
17 years$1,857$1,554$1,294$1,072$885$679
18 years$1,735$1,436$1,181$966$787$593
19 years$1,627$1,331$1,081$873$701$518
20 years$1,529$1,237$992$791$627$454
21 years$1,441$1,152$913$718$561$398
22 years$1,361$1,075$841$653$503$350
23 years$1,288$1,006$777$594$451$308
24 years$1,222$942$718$542$405$271
25 years$1,160$884$665$495$365$239
26 years$1,104$831$617$453$329$211
27 years$1,051$782$573$414$296$186
28 years$1,003$737$533$380$267$164
29 years$958$695$496$348$241$145
30 years$916$657$462$319$218$128
31 years$877$621$430$293$197$113
32 years$840$587$402$270$178$100
33 years$806$556$375$248$161$89
34 years$774$527$350$228$146$79
35 years$743$500$328$210$132$70
36 years$715$475$306$193$120$62
37 years$688$451$287$178$109$55
38 years$662$428$269$164$99$48
39 years$638$407$252$151$89$43
40 years$615$388$236$140$81$38
41 years$594$369$221$129$74$34
42 years$573$351$207$119$67$30
43 years$553$335$195$110$61$27
44 years$535$319$183$101$55$24
45 years$517$304$172$94$50$21
46 years$500$290$161$86$45$18
47 years$484$277$151$80$41$16
48 years$468$264$142$74$37$15
49 years$454$253$134$68$34$13
50 years$439$241$126$63$31$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $450,000, adding $3,097 every year, while hoping to spend $28,830 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: 75/14/11 Blend
58$450,000$450,000$450,000$450,000
59$499,095$475,245$468,270$535,253
60$519,327$467,857$453,282$552,135
61$540,658$459,140$436,825$566,698
62$563,167$449,000$418,821$581,852
63$586,944$437,336$399,186$597,648
64$612,086$424,039$377,832$614,140
65$638,698$408,996$354,669$631,388
66$666,897$392,088$329,602$649,459
67$696,808$373,188$302,531$668,429
68$728,569$352,161$273,353$688,379
69$762,331$328,866$241,959$709,401
70$798,260$303,151$208,236$731,597
71$836,537$274,859$172,065$755,080
72$877,358$243,822$133,324$779,975
73$920,941$209,862$91,883$806,420
74$967,523$172,792$47,607$834,568
75$1,017,366$132,413$357$864,591
76$1,070,753$88,518$0$896,677
77$1,127,999$40,884$0$936,911
78$1,189,447$0$0$980,075
79$1,255,474$0$0$1,028,055
80$1,326,494$0$0$1,086,451
81$1,402,961$0$0$1,149,339
82$1,485,375$0$0$1,217,133
83$1,574,283$0$0$1,290,283
84$1,670,287$0$0$1,369,289
85$1,774,051$0$0$1,454,697
86$1,886,300$0$0$1,547,106
87$2,007,834$0$0$1,647,179
88$2,139,532$0$0$1,755,640
89$2,282,361$0$0$1,873,289
90$2,437,383$0$0$2,001,003
91$2,605,768$0$0$2,139,747
92$2,788,800$0$0$2,290,585
93$2,987,895$0$0$2,454,685
94$3,204,609$0$0$2,633,332
95$3,440,654$0$0$2,827,942
96$3,697,915$0$0$3,040,072
97$3,978,465$0$0$3,271,434
98$4,284,587$0$0$3,523,916
99$4,618,793$0$0$3,799,593
100$4,983,850$0$0$4,100,750