Can I retire at age 59 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$38,647$38,303$37,967$37,639$37,319$36,153
2 years$19,132$18,776$18,431$18,096$17,771$16,607
3 years$12,628$12,270$11,926$11,594$11,275$10,149
4 years$9,377$9,020$8,679$8,353$8,041$6,962
5 years$7,426$7,072$6,735$6,416$6,113$5,083
6 years$6,127$5,775$5,443$5,131$4,837$3,858
7 years$5,198$4,849$4,523$4,218$3,934$3,005
8 years$4,503$4,157$3,836$3,539$3,263$2,385
9 years$3,962$3,619$3,304$3,014$2,748$1,919
10 years$3,529$3,190$2,880$2,598$2,342$1,560
11 years$3,176$2,840$2,536$2,261$2,014$1,278
12 years$2,882$2,549$2,251$1,983$1,745$1,055
13 years$2,633$2,304$2,011$1,751$1,522$874
14 years$2,419$2,094$1,807$1,554$1,334$728
15 years$2,235$1,913$1,631$1,386$1,175$608
16 years$2,073$1,755$1,479$1,241$1,038$509
17 years$1,931$1,616$1,346$1,115$920$428
18 years$1,805$1,494$1,228$1,005$818$360
19 years$1,692$1,384$1,125$908$729$303
20 years$1,591$1,286$1,032$822$652$256
21 years$1,499$1,198$949$746$583$216
22 years$1,416$1,118$875$679$523$182
23 years$1,340$1,046$808$618$469$154
24 years$1,270$980$747$564$422$131
25 years$1,207$920$692$515$379$111
26 years$1,148$864$642$471$342$94
27 years$1,093$813$596$431$308$80
28 years$1,043$767$554$395$278$67
29 years$996$723$516$362$251$57
30 years$953$683$480$332$227$49
31 years$912$646$448$305$205$41
32 years$874$611$418$280$186$35
33 years$838$579$390$258$168$30
34 years$805$548$364$237$152$25
35 years$773$520$341$218$138$21
36 years$743$494$319$201$125$18
37 years$715$469$298$185$113$15
38 years$689$446$279$171$103$13
39 years$664$424$262$158$93$11
40 years$640$403$245$145$84$9
41 years$617$384$230$134$76$8
42 years$596$365$216$124$69$7
43 years$575$348$202$114$63$6
44 years$556$332$190$105$57$5
45 years$538$316$178$97$52$4
46 years$520$302$168$90$47$4
47 years$503$288$157$83$43$3
48 years$487$275$148$77$39$3
49 years$472$263$139$71$35$2
50 years$457$251$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $468,000, adding $2,414 every year, while hoping to spend $22,102 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: 57/24/19 Blend
58$468,000$468,000$468,000$468,000
59$518,226$493,422$486,168$545,019
60$547,569$494,083$478,938$564,180
61$579,164$494,036$470,726$582,458
62$613,217$493,223$461,474$601,886
63$649,956$491,581$451,124$622,577
64$689,629$489,047$439,614$644,661
65$732,510$485,549$426,880$668,279
66$778,900$481,015$412,854$693,589
67$829,130$475,366$397,467$720,765
68$883,562$468,520$380,643$749,999
69$942,598$460,390$362,307$781,506
70$1,006,675$450,882$342,377$815,523
71$1,076,279$439,897$320,769$852,313
72$1,151,940$427,333$297,395$892,165
73$1,234,244$413,078$272,164$935,402
74$1,323,834$397,016$244,979$982,380
75$1,421,418$379,024$215,739$1,033,492
76$1,527,777$358,970$184,341$1,089,176
77$1,643,768$336,717$150,674$1,149,914
78$1,770,335$312,119$114,624$1,216,239
79$1,908,517$285,021$76,071$1,288,743
80$2,059,458$255,259$34,892$1,368,078
81$2,224,418$222,662$0$1,454,967
82$2,404,783$187,047$0$1,552,043
83$2,602,079$148,221$0$1,666,022
84$2,817,988$105,980$0$1,790,827
85$3,054,361$60,111$0$1,927,567
86$3,313,235$10,386$0$2,077,464
87$3,596,855$0$0$2,241,868
88$3,907,692$0$0$2,433,738
89$4,248,470$0$0$2,647,138
90$4,622,187$0$0$2,881,207
91$5,032,144$0$0$3,138,019
92$5,481,979$0$0$3,419,859
93$5,975,700$0$0$3,729,241
94$6,517,718$0$0$4,068,938
95$7,112,896$0$0$4,442,002
96$7,766,588$0$0$4,851,797
97$8,484,695$0$0$5,302,027
98$9,273,715$0$0$5,796,774
99$10,140,808$0$0$6,340,535
100$11,093,861$0$0$6,938,262