Can I retire at age 59 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$40,629$40,267$39,914$39,569$39,233$38,759
2 years$20,113$19,739$19,376$19,024$18,682$18,205
3 years$13,276$12,899$12,537$12,189$11,853$11,387
4 years$9,858$9,482$9,124$8,781$8,454$8,003
5 years$7,807$7,434$7,081$6,745$6,426$5,993
6 years$6,441$6,071$5,722$5,394$5,085$4,669
7 years$5,465$5,098$4,755$4,435$4,135$3,737
8 years$4,734$4,370$4,033$3,720$3,431$3,049
9 years$4,165$3,805$3,473$3,169$2,889$2,525
10 years$3,710$3,354$3,028$2,731$2,462$2,114
11 years$3,339$2,986$2,666$2,377$2,117$1,787
12 years$3,029$2,680$2,366$2,085$1,835$1,520
13 years$2,768$2,422$2,114$1,841$1,600$1,301
14 years$2,543$2,201$1,899$1,634$1,402$1,119
15 years$2,349$2,011$1,715$1,457$1,235$967
16 years$2,180$1,845$1,555$1,305$1,091$838
17 years$2,030$1,699$1,415$1,172$968$728
18 years$1,897$1,570$1,291$1,057$860$634
19 years$1,779$1,455$1,182$955$767$554
20 years$1,672$1,352$1,085$865$685$484
21 years$1,576$1,260$998$785$613$424
22 years$1,488$1,176$920$714$549$372
23 years$1,409$1,100$849$650$493$327
24 years$1,336$1,030$785$593$443$287
25 years$1,268$967$727$541$399$253
26 years$1,207$909$675$495$359$223
27 years$1,150$855$627$453$324$196
28 years$1,097$806$582$415$292$173
29 years$1,047$760$542$381$264$153
30 years$1,001$718$505$349$239$135
31 years$959$679$471$321$216$119
32 years$919$642$439$295$195$105
33 years$881$608$410$271$177$93
34 years$846$576$383$249$160$82
35 years$813$547$358$230$145$73
36 years$781$519$335$211$131$64
37 years$752$493$314$195$119$57
38 years$724$468$294$180$108$50
39 years$698$445$275$166$98$44
40 years$673$424$258$153$89$39
41 years$649$403$242$141$80$35
42 years$626$384$227$130$73$31
43 years$605$366$213$120$66$27
44 years$585$349$200$111$60$24
45 years$565$333$188$102$55$21
46 years$547$317$176$95$50$19
47 years$529$303$166$87$45$17
48 years$512$289$156$81$41$15
49 years$496$276$146$75$37$13
50 years$480$264$137$69$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $492,000, adding $5,166 every year, while hoping to spend $34,222 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: 70/10/20 Blend
58$492,000$492,000$492,000$492,000
59$547,513$521,437$513,811$582,812
60$566,947$510,575$494,611$596,161
61$587,217$498,034$473,622$606,238
62$608,371$483,696$450,746$616,422
63$630,462$467,435$425,884$626,720
64$653,548$449,118$398,930$637,140
65$677,690$428,605$369,774$647,693
66$702,956$405,748$338,303$658,391
67$729,417$380,389$304,395$669,248
68$757,152$352,362$267,927$680,283
69$786,245$321,492$228,767$691,515
70$816,790$287,593$186,778$702,969
71$848,887$250,469$141,819$714,671
72$882,644$209,913$93,741$726,653
73$918,181$165,705$42,388$738,952
74$955,625$117,615$0$751,609
75$995,118$65,398$0$767,322
76$1,036,813$8,795$0$793,322
77$1,080,878$0$0$820,654
78$1,127,493$0$0$855,201
79$1,176,859$0$0$892,824
80$1,229,192$0$0$932,721
81$1,284,731$0$0$975,076
82$1,343,734$0$0$1,020,088
83$1,406,487$0$0$1,067,977
84$1,473,300$0$0$1,118,982
85$1,544,513$0$0$1,173,364
86$1,620,500$0$0$1,231,410
87$1,701,668$0$0$1,293,436
88$1,788,466$0$0$1,359,786
89$1,881,383$0$0$1,430,838
90$1,980,959$0$0$1,507,006
91$2,087,783$0$0$1,588,746
92$2,202,504$0$0$1,676,555
93$2,325,831$0$0$1,770,983
94$2,458,547$0$0$1,872,630
95$2,601,506$0$0$1,982,156
96$2,755,652$0$0$2,100,288
97$2,922,017$0$0$2,227,821
98$3,101,739$0$0$2,365,632
99$3,296,064$0$0$2,514,683
100$3,506,366$0$0$2,676,031