Can I retire at age 59 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$39,721$39,367$39,022$38,685$38,356$36,936
2 years$19,664$19,297$18,942$18,598$18,265$16,850
3 years$12,979$12,611$12,257$11,916$11,588$10,223
4 years$9,637$9,270$8,920$8,585$8,265$6,960
5 years$7,633$7,268$6,922$6,594$6,283$5,042
6 years$6,297$5,935$5,594$5,273$4,971$3,795
7 years$5,343$4,984$4,649$4,335$4,043$2,931
8 years$4,628$4,272$3,943$3,637$3,354$2,306
9 years$4,072$3,720$3,396$3,098$2,825$1,838
10 years$3,628$3,279$2,960$2,670$2,407$1,480
11 years$3,264$2,919$2,606$2,324$2,070$1,201
12 years$2,962$2,620$2,313$2,038$1,794$981
13 years$2,706$2,368$2,067$1,800$1,564$805
14 years$2,487$2,152$1,857$1,598$1,371$663
15 years$2,297$1,966$1,676$1,425$1,207$548
16 years$2,131$1,804$1,520$1,276$1,067$454
17 years$1,985$1,661$1,383$1,146$946$377
18 years$1,855$1,535$1,263$1,033$841$314
19 years$1,739$1,423$1,156$933$750$261
20 years$1,635$1,322$1,061$845$670$218
21 years$1,541$1,231$976$767$599$182
22 years$1,455$1,149$899$698$537$152
23 years$1,377$1,075$830$635$482$127
24 years$1,306$1,007$768$579$433$106
25 years$1,240$945$711$529$390$89
26 years$1,180$888$660$484$351$74
27 years$1,124$836$613$443$317$62
28 years$1,072$788$569$406$286$52
29 years$1,024$743$530$372$258$44
30 years$979$702$494$341$233$37
31 years$937$664$460$314$211$31
32 years$898$628$429$288$191$26
33 years$861$595$401$265$173$22
34 years$827$564$375$244$156$18
35 years$794$534$350$224$142$15
36 years$764$507$328$207$128$13
37 years$735$482$307$190$116$11
38 years$708$458$287$176$105$9
39 years$682$435$269$162$96$8
40 years$658$414$252$149$87$6
41 years$634$394$236$138$79$5
42 years$612$376$222$127$71$4
43 years$591$358$208$117$65$4
44 years$571$341$195$108$59$3
45 years$552$325$183$100$53$3
46 years$534$310$172$92$48$2
47 years$517$296$162$85$44$2
48 years$501$283$152$79$40$2
49 years$485$270$143$73$36$1
50 years$470$258$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $481,000, adding $4,338 every year, while hoping to spend $27,337 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: 64/26/10 Blend
58$481,000$481,000$481,000$481,000
59$534,537$509,044$501,588$567,310
60$559,973$504,900$489,305$585,581
61$587,088$499,638$475,694$601,937
62$616,023$493,173$460,682$619,106
63$646,935$485,416$444,193$637,167
64$679,994$476,273$426,145$656,206
65$715,388$465,645$406,456$676,320
66$753,323$453,426$385,037$697,615
67$794,023$439,505$361,796$720,211
68$837,736$423,764$336,639$744,241
69$884,733$406,077$309,465$769,850
70$935,314$386,312$280,170$797,204
71$989,804$364,329$248,644$826,482
72$1,048,563$339,981$214,772$857,887
73$1,111,986$313,110$178,437$891,643
74$1,180,507$283,551$139,514$927,996
75$1,254,604$251,129$97,872$967,224
76$1,334,799$215,660$53,376$1,009,630
77$1,421,668$176,948$5,884$1,055,553
78$1,515,847$134,786$0$1,105,369
79$1,618,030$88,958$0$1,164,274
80$1,728,985$39,232$0$1,228,930
81$1,849,553$0$0$1,299,235
82$1,980,662$0$0$1,379,961
83$2,123,331$0$0$1,480,049
84$2,278,682$0$0$1,589,064
85$2,447,951$0$0$1,707,877
86$2,632,496$0$0$1,837,447
87$2,833,812$0$0$1,978,826
88$3,053,546$0$0$2,133,176
89$3,293,509$0$0$2,301,774
90$3,555,696$0$0$2,486,026
91$3,842,303$0$0$2,687,479
92$4,155,748$0$0$2,907,839
93$4,498,692$0$0$3,148,983
94$4,874,067$0$0$3,412,976
95$5,285,101$0$0$3,702,094
96$5,735,346$0$0$4,018,844
97$6,228,719$0$0$4,365,985
98$6,769,529$0$0$4,746,557
99$7,362,524$0$0$5,163,907
100$8,012,934$0$0$5,621,723