Can I retire at age 59 with 497,000?

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 $497,000?

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$41,042$40,676$40,320$39,971$39,631$39,349
2 years$20,318$19,939$19,573$19,217$18,872$18,587
3 years$13,411$13,031$12,665$12,313$11,973$11,695
4 years$9,958$9,579$9,217$8,870$8,539$8,269
5 years$7,887$7,510$7,153$6,813$6,492$6,231
6 years$6,506$6,132$5,780$5,449$5,137$4,886
7 years$5,521$5,150$4,803$4,480$4,177$3,936
8 years$4,782$4,415$4,074$3,758$3,466$3,234
9 years$4,207$3,844$3,509$3,201$2,918$2,697
10 years$3,748$3,388$3,059$2,759$2,487$2,275
11 years$3,373$3,016$2,693$2,401$2,139$1,936
12 years$3,060$2,707$2,390$2,106$1,853$1,660
13 years$2,796$2,446$2,135$1,860$1,616$1,432
14 years$2,569$2,224$1,919$1,651$1,417$1,242
15 years$2,373$2,031$1,732$1,472$1,247$1,081
16 years$2,202$1,864$1,571$1,318$1,102$945
17 years$2,051$1,716$1,429$1,184$977$828
18 years$1,917$1,586$1,305$1,067$869$728
19 years$1,797$1,470$1,194$964$775$641
20 years$1,689$1,366$1,096$873$692$565
21 years$1,592$1,272$1,008$793$619$500
22 years$1,503$1,188$929$721$555$442
23 years$1,423$1,111$858$656$498$392
24 years$1,349$1,041$793$599$448$348
25 years$1,281$977$735$547$403$309
26 years$1,219$918$682$500$363$275
27 years$1,161$864$633$458$327$244
28 years$1,108$814$588$419$295$218
29 years$1,058$768$548$384$267$194
30 years$1,012$725$510$353$241$173
31 years$968$686$475$324$218$154
32 years$928$649$444$298$197$137
33 years$890$614$414$274$178$123
34 years$854$582$387$252$161$110
35 years$821$552$362$232$146$98
36 years$789$524$338$214$132$87
37 years$760$498$317$197$120$78
38 years$731$473$297$181$109$70
39 years$705$450$278$167$99$62
40 years$679$428$261$154$90$56
41 years$656$407$244$142$81$50
42 years$633$388$229$131$74$45
43 years$611$370$215$121$67$40
44 years$591$352$202$112$61$36
45 years$571$336$190$103$55$32
46 years$552$321$178$96$50$29
47 years$534$306$167$88$45$26
48 years$517$292$157$82$41$23
49 years$501$279$148$75$37$20
50 years$485$266$139$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $497,000, adding $5,937 every year, while hoping to spend $39,766 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: 63/24/13 Blend
58$497,000$497,000$497,000$497,000
59$553,818$527,477$519,774$586,633
60$567,997$511,013$494,875$592,880
61$582,289$492,409$467,810$594,589
62$596,664$471,519$438,463$595,478
63$611,087$448,187$406,716$595,466
64$625,519$422,249$372,441$594,468
65$639,914$393,531$335,510$592,391
66$654,221$361,850$295,786$589,136
67$668,382$327,011$253,125$584,593
68$682,332$288,809$207,379$578,647
69$695,996$247,027$158,392$571,170
70$709,292$201,435$106,003$562,026
71$722,127$151,793$50,041$551,066
72$734,396$97,843$0$538,129
73$745,983$39,316$0$524,386
74$756,757$0$0$515,800
75$766,573$0$0$511,602
76$775,268$0$0$516,990
77$782,660$0$0$521,453
78$788,548$0$0$524,850
79$792,708$0$0$527,026
80$794,890$0$0$527,806
81$794,816$0$0$526,997
82$792,178$0$0$524,384
83$786,634$0$0$519,729
84$777,804$0$0$512,767
85$765,269$0$0$503,207
86$748,560$0$0$490,722
87$727,163$0$0$474,954
88$700,504$0$0$455,504
89$667,949$0$0$431,932
90$628,798$0$0$403,749
91$582,274$0$0$370,416
92$527,518$0$0$331,336
93$463,582$0$0$285,848
94$389,416$0$0$233,223
95$303,859$0$0$172,655
96$205,628$0$0$103,251
97$93,308$0$0$24,027
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0