Can I retire at age 59 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$37,904$37,566$37,237$36,915$36,601$36,432
2 years$18,764$18,415$18,076$17,748$17,429$17,258
3 years$12,385$12,034$11,696$11,371$11,058$10,890
4 years$9,196$8,846$8,512$8,192$7,887$7,724
5 years$7,284$6,936$6,606$6,292$5,995$5,838
6 years$6,009$5,664$5,338$5,032$4,744$4,593
7 years$5,099$4,756$4,436$4,137$3,858$3,712
8 years$4,416$4,077$3,762$3,471$3,201$3,061
9 years$3,886$3,550$3,240$2,956$2,695$2,561
10 years$3,462$3,129$2,825$2,548$2,297$2,168
11 years$3,115$2,785$2,487$2,218$1,975$1,852
12 years$2,826$2,500$2,207$1,945$1,712$1,594
13 years$2,582$2,259$1,972$1,717$1,493$1,381
14 years$2,373$2,054$1,772$1,524$1,308$1,202
15 years$2,192$1,876$1,600$1,360$1,152$1,050
16 years$2,034$1,721$1,450$1,217$1,018$922
17 years$1,894$1,585$1,320$1,094$903$811
18 years$1,770$1,465$1,205$986$803$716
19 years$1,659$1,358$1,103$891$715$633
20 years$1,560$1,262$1,012$807$639$561
21 years$1,470$1,175$931$732$572$498
22 years$1,388$1,097$858$666$513$443
23 years$1,314$1,026$792$606$460$394
24 years$1,246$961$733$553$414$351
25 years$1,183$902$679$505$372$314
26 years$1,126$848$629$462$335$280
27 years$1,072$798$585$423$302$250
28 years$1,023$752$543$387$273$224
29 years$977$709$506$355$246$200
30 years$934$670$471$326$223$180
31 years$894$633$439$299$201$161
32 years$857$599$410$275$182$144
33 years$822$567$383$253$165$129
34 years$789$538$357$233$149$116
35 years$758$510$334$214$135$104
36 years$729$484$313$197$122$94
37 years$701$460$293$182$111$84
38 years$675$437$274$168$101$75
39 years$651$416$257$154$91$68
40 years$628$395$241$142$83$61
41 years$605$376$226$131$75$55
42 years$584$358$212$121$68$49
43 years$564$341$199$112$62$44
44 years$545$325$186$103$56$40
45 years$527$310$175$96$51$36
46 years$510$296$164$88$46$32
47 years$493$283$154$82$42$29
48 years$478$270$145$75$38$26
49 years$463$258$136$70$35$23
50 years$448$246$128$64$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $459,000, adding $4,249 every year, while hoping to spend $25,537 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: 49/33/18 Blend
58$459,000$459,000$459,000$459,000
59$510,201$485,874$478,759$532,440
60$535,070$482,510$467,627$544,912
61$561,620$478,126$455,265$555,493
62$589,996$472,645$441,607$566,440
63$620,355$465,984$426,580$577,798
64$652,871$458,057$410,110$589,616
65$687,735$448,773$392,120$601,951
66$725,155$438,035$372,528$614,867
67$765,362$425,739$351,248$628,438
68$808,606$411,777$328,192$642,743
69$855,164$396,035$303,267$657,877
70$905,340$378,390$276,376$673,941
71$959,467$358,713$247,416$691,054
72$1,017,910$336,867$216,282$709,345
73$1,081,073$312,710$182,864$728,962
74$1,149,398$286,088$147,045$750,069
75$1,223,371$256,840$108,705$772,851
76$1,303,526$224,797$67,718$797,514
77$1,390,450$189,777$23,952$824,289
78$1,484,792$151,591$0$853,433
79$1,587,260$110,039$0$889,604
80$1,698,637$64,907$0$933,947
81$1,819,783$15,973$0$982,242
82$1,951,644$0$0$1,034,920
83$2,095,262$0$0$1,105,891
84$2,251,782$0$0$1,189,606
85$2,422,466$0$0$1,280,943
86$2,608,700$0$0$1,380,651
87$2,812,014$0$0$1,489,554
88$3,034,089$0$0$1,608,560
89$3,276,775$0$0$1,738,668
90$3,542,111$0$0$1,880,976
91$3,832,342$0$0$2,036,697
92$4,149,937$0$0$2,207,162
93$4,497,619$0$0$2,393,841
94$4,878,382$0$0$2,598,350
95$5,295,525$0$0$2,822,469
96$5,752,684$0$0$3,068,159
97$6,253,858$0$0$3,337,581
98$6,803,456$0$0$3,633,113
99$7,406,332$0$0$3,957,374
100$8,067,832$0$0$4,313,251