Can I retire at age 59 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$37,491$37,157$36,831$36,513$36,203$35,185
2 years$18,560$18,214$17,879$17,554$17,239$16,222
3 years$12,250$11,903$11,569$11,247$10,937$9,952
4 years$9,096$8,750$8,419$8,103$7,801$6,855
5 years$7,204$6,860$6,534$6,224$5,930$5,026
6 years$5,943$5,602$5,280$4,977$4,692$3,831
7 years$5,043$4,704$4,388$4,092$3,816$2,998
8 years$4,368$4,033$3,721$3,433$3,166$2,390
9 years$3,843$3,511$3,205$2,924$2,666$1,933
10 years$3,424$3,095$2,794$2,520$2,272$1,579
11 years$3,081$2,755$2,460$2,194$1,954$1,301
12 years$2,795$2,473$2,183$1,924$1,693$1,079
13 years$2,554$2,235$1,951$1,699$1,476$899
14 years$2,347$2,031$1,753$1,508$1,294$753
15 years$2,168$1,856$1,582$1,345$1,139$632
16 years$2,011$1,703$1,435$1,204$1,007$533
17 years$1,873$1,568$1,305$1,082$893$450
18 years$1,751$1,449$1,192$975$794$381
19 years$1,641$1,343$1,091$881$708$323
20 years$1,543$1,248$1,001$798$632$274
21 years$1,454$1,162$921$724$566$233
22 years$1,373$1,085$849$658$507$198
23 years$1,300$1,015$784$600$455$169
24 years$1,232$951$725$547$409$144
25 years$1,170$892$671$499$368$122
26 years$1,113$839$623$457$332$104
27 years$1,061$789$578$418$299$89
28 years$1,012$744$537$383$270$76
29 years$966$702$500$351$244$65
30 years$924$663$466$322$220$55
31 years$885$626$434$296$199$47
32 years$848$593$405$272$180$40
33 years$813$561$378$250$163$35
34 years$781$532$354$230$147$30
35 years$750$504$331$212$134$25
36 years$721$479$309$195$121$22
37 years$694$455$289$180$110$18
38 years$668$432$271$166$99$16
39 years$644$411$254$153$90$14
40 years$621$391$238$141$82$12
41 years$599$372$223$130$74$10
42 years$578$354$209$120$67$8
43 years$558$338$196$111$61$7
44 years$539$322$184$102$55$6
45 years$521$307$173$94$50$5
46 years$504$293$163$87$46$5
47 years$488$279$153$81$42$4
48 years$472$267$144$74$38$3
49 years$458$255$135$69$34$3
50 years$443$243$127$64$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $454,000, adding $5,256 every year, while hoping to spend $20,400 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: 47/48/5 Blend
58$454,000$454,000$454,000$454,000
59$505,730$481,668$474,631$528,597
60$535,609$483,564$468,825$546,711
61$567,851$484,869$462,142$563,773
62$602,678$485,533$454,529$581,804
63$640,329$485,503$445,934$600,898
64$681,070$484,720$436,300$621,163
65$725,193$483,125$425,570$642,715
66$773,018$480,653$413,682$665,685
67$824,898$477,237$400,572$690,218
68$881,220$472,804$386,173$716,475
69$942,410$467,277$370,416$744,635
70$1,008,938$460,576$353,227$774,896
71$1,081,319$452,614$334,530$807,478
72$1,160,122$443,300$314,245$842,626
73$1,245,970$432,538$292,288$880,609
74$1,339,552$420,225$268,573$921,729
75$1,441,624$406,254$243,007$966,317
76$1,553,018$390,509$215,497$1,014,742
77$1,674,652$372,869$185,941$1,067,414
78$1,807,533$353,207$154,238$1,124,785
79$1,952,774$331,386$120,277$1,187,356
80$2,111,597$307,264$83,946$1,255,684
81$2,285,348$280,688$45,127$1,330,382
82$2,475,511$251,499$3,695$1,412,133
83$2,683,717$219,527$0$1,501,689
84$2,911,765$184,593$0$1,602,047
85$3,161,635$146,508$0$1,712,318
86$3,435,507$105,072$0$1,833,336
87$3,735,783$60,074$0$1,966,236
88$4,065,107$11,292$0$2,112,277
89$4,426,393$0$0$2,272,850
90$4,822,849$0$0$2,471,416
91$5,258,010$0$0$2,695,967
92$5,735,769$0$0$2,942,556
93$6,260,416$0$0$3,213,402
94$6,836,673$0$0$3,510,952
95$7,469,746$0$0$3,837,899
96$8,165,368$0$0$4,197,214
97$8,929,856$0$0$4,592,166
98$9,770,167$0$0$5,026,358
99$10,693,968$0$0$5,503,761
100$11,709,705$0$0$6,028,747