Can I retire at age 59 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$41,702$41,331$40,969$40,615$40,269$39,684
2 years$20,645$20,260$19,888$19,526$19,176$18,587
3 years$13,626$13,240$12,869$12,511$12,166$11,593
4 years$10,118$9,733$9,365$9,013$8,677$8,123
5 years$8,013$7,631$7,268$6,923$6,596$6,063
6 years$6,611$6,231$5,873$5,536$5,219$4,708
7 years$5,609$5,233$4,881$4,552$4,245$3,756
8 years$4,859$4,486$4,139$3,818$3,521$3,054
9 years$4,275$3,905$3,565$3,252$2,965$2,520
10 years$3,809$3,442$3,108$2,804$2,527$2,103
11 years$3,427$3,065$2,736$2,440$2,173$1,770
12 years$3,109$2,751$2,428$2,140$1,883$1,501
13 years$2,841$2,486$2,170$1,889$1,642$1,279
14 years$2,611$2,260$1,949$1,677$1,439$1,096
15 years$2,411$2,064$1,760$1,496$1,267$943
16 years$2,237$1,894$1,596$1,339$1,120$814
17 years$2,084$1,744$1,452$1,203$993$704
18 years$1,948$1,612$1,326$1,085$883$611
19 years$1,826$1,494$1,214$980$787$531
20 years$1,716$1,388$1,114$888$703$462
21 years$1,617$1,293$1,024$805$629$403
22 years$1,528$1,207$944$732$564$352
23 years$1,446$1,129$872$667$506$308
24 years$1,371$1,058$806$608$455$269
25 years$1,302$992$747$556$409$236
26 years$1,239$933$693$508$369$207
27 years$1,180$878$643$465$333$181
28 years$1,126$827$598$426$300$159
29 years$1,075$780$556$391$271$140
30 years$1,028$737$518$359$245$123
31 years$984$697$483$329$221$108
32 years$943$659$451$303$200$95
33 years$904$624$421$278$181$83
34 years$868$592$393$256$164$73
35 years$834$561$368$236$149$64
36 years$802$533$344$217$135$57
37 years$772$506$322$200$122$50
38 years$743$481$301$184$111$44
39 years$716$457$282$170$100$39
40 years$690$435$265$157$91$34
41 years$666$414$248$145$83$30
42 years$643$394$233$133$75$26
43 years$621$376$218$123$68$23
44 years$600$358$205$114$62$20
45 years$580$341$193$105$56$18
46 years$561$326$181$97$51$16
47 years$543$311$170$90$46$14
48 years$526$297$160$83$42$12
49 years$509$283$150$77$38$11
50 years$493$271$141$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $505,000, adding $6,475 every year, while hoping to spend $38,266 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: 87/7/6 Blend
58$505,000$505,000$505,000$505,000
59$563,189$536,424$528,596$611,491
60$579,920$521,994$505,590$629,508
61$597,074$505,574$480,530$643,316
62$614,655$487,027$453,307$657,247
63$632,666$466,207$423,808$671,284
64$651,105$442,959$391,914$685,411
65$669,974$417,120$357,499$699,606
66$689,269$388,517$320,433$713,847
67$708,988$356,967$280,581$728,110
68$729,124$322,279$237,800$742,366
69$749,671$284,246$191,942$756,584
70$770,619$242,655$142,853$770,728
71$791,954$197,277$90,371$784,761
72$813,661$147,872$34,326$798,639
73$835,721$94,184$0$812,315
74$858,113$35,947$0$827,368
75$880,808$0$0$844,560
76$903,776$0$0$863,727
77$926,980$0$0$885,887
78$950,379$0$0$908,230
79$973,922$0$0$930,710
80$997,555$0$0$953,272
81$1,021,214$0$0$975,857
82$1,044,826$0$0$998,393
83$1,068,309$0$0$1,020,803
84$1,091,571$0$0$1,042,996
85$1,114,505$0$0$1,064,873
86$1,136,993$0$0$1,086,318
87$1,158,903$0$0$1,107,206
88$1,180,085$0$0$1,127,391
89$1,200,371$0$0$1,146,714
90$1,219,573$0$0$1,164,994
91$1,237,482$0$0$1,182,030
92$1,253,864$0$0$1,197,597
93$1,268,456$0$0$1,211,445
94$1,280,968$0$0$1,223,293
95$1,291,075$0$0$1,232,831
96$1,298,415$0$0$1,239,712
97$1,302,587$0$0$1,243,550
98$1,303,144$0$0$1,243,917
99$1,299,590$0$0$1,240,338
100$1,291,375$0$0$1,232,284