Can I retire at age 59 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$39,803$39,449$39,103$38,765$38,435$38,161
2 years$19,705$19,338$18,982$18,637$18,303$18,026
3 years$13,006$12,637$12,283$11,941$11,612$11,342
4 years$9,657$9,290$8,939$8,603$8,282$8,020
5 years$7,649$7,283$6,937$6,608$6,296$6,043
6 years$6,310$5,947$5,606$5,284$4,982$4,738
7 years$5,354$4,995$4,658$4,344$4,051$3,818
8 years$4,637$4,281$3,951$3,644$3,361$3,137
9 years$4,080$3,728$3,403$3,104$2,830$2,616
10 years$3,635$3,286$2,967$2,676$2,412$2,206
11 years$3,271$2,925$2,612$2,329$2,074$1,878
12 years$2,968$2,625$2,318$2,043$1,797$1,610
13 years$2,711$2,373$2,071$1,803$1,567$1,389
14 years$2,492$2,157$1,861$1,601$1,374$1,204
15 years$2,302$1,970$1,680$1,428$1,210$1,049
16 years$2,135$1,808$1,523$1,278$1,069$916
17 years$1,989$1,665$1,386$1,149$948$803
18 years$1,859$1,538$1,265$1,035$843$706
19 years$1,743$1,426$1,158$935$751$621
20 years$1,638$1,325$1,063$847$671$548
21 years$1,544$1,234$978$769$601$485
22 years$1,458$1,152$901$699$538$429
23 years$1,380$1,077$832$637$483$380
24 years$1,308$1,009$770$581$434$337
25 years$1,243$947$713$530$391$300
26 years$1,182$890$661$485$352$266
27 years$1,126$838$614$444$317$237
28 years$1,074$789$571$407$286$211
29 years$1,026$745$531$373$259$188
30 years$981$703$495$342$234$168
31 years$939$665$461$314$211$149
32 years$900$629$430$289$191$133
33 years$863$596$402$266$173$119
34 years$829$565$375$244$157$106
35 years$796$536$351$225$142$95
36 years$766$508$328$207$128$85
37 years$737$483$307$191$116$76
38 years$709$459$288$176$106$68
39 years$683$436$270$162$96$60
40 years$659$415$253$150$87$54
41 years$636$395$237$138$79$48
42 years$614$376$222$127$71$43
43 years$593$359$209$118$65$39
44 years$573$342$196$109$59$35
45 years$554$326$184$100$53$31
46 years$535$311$173$93$49$28
47 years$518$297$162$86$44$25
48 years$502$283$152$79$40$22
49 years$486$271$143$73$36$20
50 years$471$258$135$68$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $482,000, adding $3,655 every year, while hoping to spend $35,171 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: 59/20/21 Blend
58$482,000$482,000$482,000$482,000
59$534,934$509,388$501,917$563,316
60$552,076$496,926$481,310$570,547
61$569,787$482,675$458,833$574,285
62$588,089$466,510$434,388$577,581
63$607,003$448,299$407,869$580,399
64$626,553$427,901$379,168$582,702
65$646,763$405,169$348,172$584,448
66$667,658$379,947$314,760$585,596
67$689,264$352,069$278,809$586,102
68$711,609$321,361$240,190$585,919
69$734,722$287,637$198,766$584,997
70$758,635$250,703$154,396$583,286
71$783,380$210,351$106,932$580,731
72$808,990$166,364$56,219$577,275
73$835,503$118,511$2,098$572,859
74$862,955$66,550$0$567,420
75$891,388$10,222$0$573,364
76$920,844$0$0$579,462
77$951,369$0$0$596,382
78$983,010$0$0$616,256
79$1,015,818$0$0$636,866
80$1,049,848$0$0$658,248
81$1,085,157$0$0$680,439
82$1,121,806$0$0$703,476
83$1,159,862$0$0$727,403
84$1,199,393$0$0$752,265
85$1,240,475$0$0$778,107
86$1,283,189$0$0$804,983
87$1,327,618$0$0$832,947
88$1,373,857$0$0$862,058
89$1,422,002$0$0$892,378
90$1,472,161$0$0$923,977
91$1,524,447$0$0$956,926
92$1,578,983$0$0$991,306
93$1,635,901$0$0$1,027,201
94$1,695,345$0$0$1,064,703
95$1,757,469$0$0$1,103,910
96$1,822,439$0$0$1,144,932
97$1,890,435$0$0$1,187,882
98$1,961,654$0$0$1,232,888
99$2,036,306$0$0$1,280,086
100$2,114,622$0$0$1,329,623