Can I retire at age 59 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$40,299$39,940$39,589$39,248$38,914$37,927
2 years$19,950$19,578$19,218$18,869$18,530$17,543
3 years$13,168$12,795$12,435$12,090$11,756$10,798
4 years$9,777$9,405$9,050$8,710$8,385$7,464
5 years$7,744$7,374$7,023$6,690$6,374$5,493
6 years$6,388$6,021$5,676$5,350$5,044$4,203
7 years$5,421$5,057$4,716$4,399$4,102$3,302
8 years$4,695$4,335$4,000$3,690$3,403$2,644
9 years$4,131$3,774$3,445$3,143$2,866$2,147
10 years$3,680$3,327$3,004$2,709$2,442$1,761
11 years$3,312$2,961$2,644$2,358$2,100$1,458
12 years$3,005$2,658$2,347$2,068$1,820$1,214
13 years$2,745$2,402$2,097$1,826$1,587$1,017
14 years$2,523$2,183$1,884$1,621$1,391$855
15 years$2,330$1,995$1,701$1,445$1,225$722
16 years$2,162$1,830$1,542$1,294$1,082$611
17 years$2,014$1,685$1,403$1,163$960$519
18 years$1,882$1,557$1,281$1,048$853$441
19 years$1,764$1,443$1,173$947$761$376
20 years$1,659$1,341$1,076$858$679$321
21 years$1,563$1,249$990$778$608$274
22 years$1,476$1,166$912$708$545$235
23 years$1,397$1,091$842$645$489$201
24 years$1,325$1,022$779$588$440$172
25 years$1,258$959$722$537$396$147
26 years$1,197$901$669$491$356$126
27 years$1,140$848$621$449$321$109
28 years$1,088$799$578$412$290$93
29 years$1,039$754$538$378$262$80
30 years$993$712$501$346$237$69
31 years$951$673$467$318$214$59
32 years$911$637$436$292$193$51
33 years$874$603$407$269$175$44
34 years$839$572$380$247$159$38
35 years$806$542$355$228$144$32
36 years$775$515$332$210$130$28
37 years$746$489$311$193$118$24
38 years$718$465$291$178$107$21
39 years$692$442$273$164$97$18
40 years$667$420$256$152$88$15
41 years$644$400$240$140$80$13
42 years$621$381$225$129$72$11
43 years$600$363$211$119$66$10
44 years$580$346$198$110$60$8
45 years$561$330$186$102$54$7
46 years$542$315$175$94$49$6
47 years$525$300$164$87$45$5
48 years$508$287$154$80$41$5
49 years$492$274$145$74$37$4
50 years$476$262$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $488,000, adding $4,243 every year, while hoping to spend $34,271 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: 46/29/25 Blend
58$488,000$488,000$488,000$488,000
59$542,153$516,289$508,725$563,026
60$560,988$505,123$489,303$566,998
61$580,596$492,261$468,082$567,621
62$601,020$477,584$444,965$567,619
63$622,304$460,966$419,852$566,950
64$644,499$442,273$392,637$565,570
65$667,657$421,364$363,209$563,436
66$691,836$398,089$331,455$560,501
67$717,098$372,290$297,253$556,718
68$743,510$343,800$260,479$552,037
69$771,143$312,442$221,000$546,407
70$800,077$278,028$178,681$539,776
71$830,395$240,362$133,377$532,091
72$862,190$199,235$84,940$523,295
73$895,562$154,426$33,215$513,331
74$930,619$105,703$0$502,143
75$967,479$52,819$0$495,536
76$1,006,269$0$0$497,421
77$1,047,129$0$0$500,349
78$1,090,211$0$0$521,228
79$1,135,680$0$0$543,288
80$1,183,717$0$0$566,617
81$1,234,517$0$0$591,316
82$1,288,296$0$0$617,491
83$1,345,287$0$0$645,261
84$1,405,748$0$0$674,754
85$1,469,958$0$0$706,111
86$1,538,223$0$0$739,486
87$1,610,879$0$0$775,048
88$1,688,291$0$0$812,982
89$1,770,863$0$0$853,489
90$1,859,034$0$0$896,792
91$1,953,285$0$0$943,134
92$2,054,146$0$0$992,781
93$2,162,196$0$0$1,046,026
94$2,278,071$0$0$1,103,189
95$2,402,468$0$0$1,164,623
96$2,536,152$0$0$1,230,713
97$2,679,964$0$0$1,301,885
98$2,834,827$0$0$1,378,603
99$3,001,753$0$0$1,461,381
100$3,181,855$0$0$1,550,780