Can I retire at age 59 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$39,638$39,285$38,940$38,604$38,276$37,442
2 years$19,623$19,257$18,903$18,560$18,227$17,391
3 years$12,952$12,585$12,232$11,891$11,564$10,752
4 years$9,617$9,251$8,901$8,567$8,247$7,466
5 years$7,617$7,253$6,908$6,580$6,269$5,520
6 years$6,284$5,923$5,583$5,262$4,961$4,245
7 years$5,332$4,974$4,639$4,326$4,034$3,352
8 years$4,618$4,264$3,934$3,629$3,347$2,698
9 years$4,064$3,712$3,389$3,091$2,819$2,202
10 years$3,620$3,272$2,954$2,665$2,402$1,817
11 years$3,257$2,913$2,601$2,319$2,065$1,512
12 years$2,955$2,614$2,308$2,034$1,790$1,267
13 years$2,700$2,363$2,062$1,796$1,561$1,068
14 years$2,481$2,148$1,853$1,594$1,368$904
15 years$2,292$1,962$1,673$1,422$1,205$768
16 years$2,127$1,800$1,517$1,273$1,065$654
17 years$1,981$1,658$1,380$1,144$944$559
18 years$1,851$1,532$1,260$1,031$839$479
19 years$1,735$1,420$1,153$931$748$411
20 years$1,631$1,319$1,059$844$668$353
21 years$1,537$1,229$974$766$598$303
22 years$1,452$1,147$897$696$536$261
23 years$1,374$1,073$829$634$481$225
24 years$1,303$1,005$766$578$433$194
25 years$1,238$943$710$528$389$168
26 years$1,177$887$658$483$351$145
27 years$1,121$834$611$442$316$125
28 years$1,070$786$568$405$285$108
29 years$1,022$742$529$371$258$94
30 years$977$700$493$341$233$81
31 years$935$662$459$313$210$70
32 years$896$627$428$288$190$61
33 years$860$593$400$265$172$53
34 years$825$562$374$243$156$46
35 years$793$533$349$224$141$40
36 years$762$506$327$206$128$34
37 years$734$481$306$190$116$30
38 years$706$457$287$175$105$26
39 years$681$435$268$162$95$22
40 years$656$413$252$149$86$19
41 years$633$394$236$137$78$17
42 years$611$375$221$127$71$15
43 years$590$357$208$117$65$13
44 years$570$340$195$108$59$11
45 years$551$325$183$100$53$9
46 years$533$310$172$92$48$8
47 years$516$295$162$85$44$7
48 years$500$282$152$79$40$6
49 years$484$269$143$73$36$5
50 years$469$257$134$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $480,000, adding $5,015 every year, while hoping to spend $30,799 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: 37/47/16 Blend
58$480,000$480,000$480,000$480,000
59$534,133$508,693$501,253$551,133
60$555,845$500,849$485,275$555,986
61$578,739$491,588$467,730$557,922
62$602,903$480,809$448,532$559,356
63$628,434$468,404$427,592$560,260
64$655,436$454,257$404,818$560,604
65$684,024$438,249$380,113$560,360
66$714,322$420,251$353,375$559,499
67$746,468$400,128$324,497$557,991
68$780,609$377,737$293,370$555,810
69$816,910$352,925$259,877$552,928
70$855,550$325,532$223,897$549,318
71$896,723$295,390$185,305$544,956
72$940,643$262,319$143,967$539,820
73$987,546$226,130$99,747$533,888
74$1,037,688$186,623$52,501$527,145
75$1,091,351$143,586$2,079$519,574
76$1,148,844$96,797$0$511,168
77$1,210,506$46,020$0$510,752
78$1,276,708$0$0$510,448
79$1,347,859$0$0$514,589
80$1,424,407$0$0$544,699
81$1,506,843$0$0$577,175
82$1,595,707$0$0$612,236
83$1,691,594$0$0$650,123
84$1,795,154$0$0$691,101
85$1,907,105$0$0$735,461
86$2,028,233$0$0$783,522
87$2,159,405$0$0$835,637
88$2,301,571$0$0$892,191
89$2,455,778$0$0$953,610
90$2,623,177$0$0$1,020,363
91$2,805,033$0$0$1,092,963
92$3,002,738$0$0$1,171,976
93$3,217,825$0$0$1,258,026
94$3,451,978$0$0$1,351,798
95$3,707,051$0$0$1,454,047
96$3,985,086$0$0$1,565,603
97$4,288,327$0$0$1,687,379
98$4,619,247$0$0$1,820,383
99$4,980,567$0$0$1,965,720
100$5,375,281$0$0$2,124,612