Can I retire at age 59 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$39,060$38,712$38,373$38,041$37,718$36,806
2 years$19,337$18,976$18,627$18,289$17,961$17,048
3 years$12,763$12,401$12,053$11,718$11,395$10,509
4 years$9,477$9,116$8,772$8,442$8,127$7,275
5 years$7,506$7,147$6,807$6,484$6,178$5,363
6 years$6,192$5,836$5,501$5,186$4,888$4,110
7 years$5,254$4,901$4,572$4,263$3,976$3,235
8 years$4,551$4,201$3,877$3,576$3,298$2,594
9 years$4,004$3,658$3,339$3,046$2,778$2,110
10 years$3,567$3,224$2,911$2,626$2,367$1,735
11 years$3,210$2,870$2,563$2,285$2,035$1,438
12 years$2,912$2,576$2,275$2,005$1,764$1,200
13 years$2,661$2,328$2,032$1,770$1,538$1,007
14 years$2,445$2,116$1,826$1,571$1,348$849
15 years$2,259$1,933$1,649$1,401$1,187$718
16 years$2,096$1,774$1,495$1,254$1,049$610
17 years$1,952$1,634$1,360$1,127$930$519
18 years$1,824$1,510$1,242$1,016$827$442
19 years$1,710$1,399$1,137$918$737$377
20 years$1,608$1,300$1,043$831$659$323
21 years$1,515$1,211$959$754$589$276
22 years$1,431$1,130$884$686$528$237
23 years$1,354$1,057$817$625$474$203
24 years$1,284$991$755$570$426$175
25 years$1,219$930$699$520$384$150
26 years$1,160$874$649$476$345$129
27 years$1,105$822$602$435$311$111
28 years$1,054$775$560$399$281$96
29 years$1,007$731$521$366$254$82
30 years$963$690$485$336$229$71
31 years$922$653$452$308$207$61
32 years$883$617$422$283$188$53
33 years$847$585$394$261$170$45
34 years$813$554$368$240$154$39
35 years$781$526$344$221$139$34
36 years$751$499$322$203$126$29
37 years$723$474$302$187$114$25
38 years$696$450$282$173$104$22
39 years$671$428$265$159$94$19
40 years$647$407$248$147$85$16
41 years$624$388$232$135$77$14
42 years$602$369$218$125$70$12
43 years$582$352$205$115$64$10
44 years$562$335$192$107$58$9
45 years$543$320$180$98$52$8
46 years$525$305$169$91$48$7
47 years$508$291$159$84$43$6
48 years$492$278$150$78$39$5
49 years$477$265$141$72$36$4
50 years$462$254$132$66$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $473,000, adding $4,898 every year, while hoping to spend $32,129 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: 50/31/19 Blend
58$473,000$473,000$473,000$473,000
59$526,298$501,229$493,898$549,603
60$545,796$491,605$476,258$556,599
61$566,205$480,431$456,951$560,498
62$587,585$467,600$435,886$564,050
63$610,001$452,994$412,970$567,235
64$633,521$436,490$388,105$570,030
65$658,221$417,959$361,187$572,417
66$684,182$397,263$332,110$574,373
67$711,495$374,255$300,762$575,879
68$740,256$348,782$267,026$576,915
69$770,571$320,680$230,780$577,462
70$802,554$289,778$191,895$577,504
71$836,330$255,894$150,240$577,023
72$872,038$218,834$105,675$576,005
73$909,825$178,397$58,055$574,438
74$949,855$134,366$7,227$572,313
75$992,306$86,515$0$569,622
76$1,037,372$34,605$0$575,893
77$1,085,266$0$0$583,781
78$1,136,221$0$0$599,233
79$1,190,491$0$0$628,291
80$1,248,356$0$0$659,303
81$1,310,121$0$0$692,437
82$1,376,120$0$0$727,875
83$1,446,721$0$0$765,819
84$1,522,325$0$0$806,491
85$1,603,374$0$0$850,131
86$1,690,353$0$0$897,006
87$1,783,791$0$0$947,408
88$1,884,272$0$0$1,001,656
89$1,992,436$0$0$1,060,102
90$2,108,986$0$0$1,123,132
91$2,234,693$0$0$1,191,171
92$2,370,406$0$0$1,264,685
93$2,517,057$0$0$1,344,185
94$2,675,670$0$0$1,430,235
95$2,847,370$0$0$1,523,454
96$3,033,395$0$0$1,624,522
97$3,235,106$0$0$1,734,188
98$3,453,998$0$0$1,853,275
99$3,691,719$0$0$1,982,688
100$3,950,078$0$0$2,123,423