Can I retire at age 59 with 505,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$41,702$41,331$40,969$40,615$40,269$39,999
2 years$20,645$20,260$19,888$19,526$19,176$18,903
3 years$13,626$13,240$12,869$12,511$12,166$11,899
4 years$10,118$9,733$9,365$9,013$8,677$8,418
5 years$8,013$7,631$7,268$6,923$6,596$6,346
6 years$6,611$6,231$5,873$5,536$5,219$4,979
7 years$5,609$5,233$4,881$4,552$4,245$4,014
8 years$4,859$4,486$4,139$3,818$3,521$3,300
9 years$4,275$3,905$3,565$3,252$2,965$2,753
10 years$3,809$3,442$3,108$2,804$2,527$2,324
11 years$3,427$3,065$2,736$2,440$2,173$1,979
12 years$3,109$2,751$2,428$2,140$1,883$1,698
13 years$2,841$2,486$2,170$1,889$1,642$1,466
14 years$2,611$2,260$1,949$1,677$1,439$1,272
15 years$2,411$2,064$1,760$1,496$1,267$1,108
16 years$2,237$1,894$1,596$1,339$1,120$969
17 years$2,084$1,744$1,452$1,203$993$850
18 years$1,948$1,612$1,326$1,085$883$747
19 years$1,826$1,494$1,214$980$787$658
20 years$1,716$1,388$1,114$888$703$581
21 years$1,617$1,293$1,024$805$629$514
22 years$1,528$1,207$944$732$564$456
23 years$1,446$1,129$872$667$506$404
24 years$1,371$1,058$806$608$455$359
25 years$1,302$992$747$556$409$319
26 years$1,239$933$693$508$369$284
27 years$1,180$878$643$465$333$253
28 years$1,126$827$598$426$300$225
29 years$1,075$780$556$391$271$201
30 years$1,028$737$518$359$245$179
31 years$984$697$483$329$221$160
32 years$943$659$451$303$200$143
33 years$904$624$421$278$181$127
34 years$868$592$393$256$164$114
35 years$834$561$368$236$149$102
36 years$802$533$344$217$135$91
37 years$772$506$322$200$122$81
38 years$743$481$301$184$111$73
39 years$716$457$282$170$100$65
40 years$690$435$265$157$91$58
41 years$666$414$248$145$83$52
42 years$643$394$233$133$75$47
43 years$621$376$218$123$68$42
44 years$600$358$205$114$62$37
45 years$580$341$193$105$56$33
46 years$561$326$181$97$51$30
47 years$543$311$170$90$46$27
48 years$526$297$160$83$42$24
49 years$509$283$150$77$38$22
50 years$493$271$141$71$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $505,000, adding $6,963 every year, while hoping to spend $37,548 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: 79/11/10 Blend
58$505,000$505,000$505,000$505,000
59$563,692$536,927$529,100$606,736
60$581,238$523,286$506,874$622,350
61$599,315$507,718$482,645$633,900
62$617,938$490,089$456,306$645,472
63$637,121$470,257$427,746$657,052
64$656,880$448,072$396,848$668,624
65$677,230$423,375$363,491$680,170
66$698,186$395,999$327,546$691,671
67$719,763$365,765$288,881$703,107
68$741,978$332,487$247,357$714,455
69$764,846$295,965$202,830$725,691
70$788,383$255,989$155,147$736,789
71$812,604$212,339$104,151$747,722
72$837,526$164,780$49,677$758,459
73$863,164$113,065$0$768,967
74$889,534$56,932$0$780,115
75$916,651$0$0$796,676
76$944,530$0$0$813,796
77$973,185$0$0$838,476
78$1,002,631$0$0$863,835
79$1,032,882$0$0$889,886
80$1,063,949$0$0$916,639
81$1,095,846$0$0$944,104
82$1,128,582$0$0$972,291
83$1,162,167$0$0$1,001,208
84$1,196,610$0$0$1,030,860
85$1,231,916$0$0$1,061,255
86$1,268,092$0$0$1,092,395
87$1,305,139$0$0$1,124,283
88$1,343,057$0$0$1,156,917
89$1,381,844$0$0$1,190,296
90$1,421,494$0$0$1,224,414
91$1,461,997$0$0$1,259,263
92$1,503,340$0$0$1,294,829
93$1,545,505$0$0$1,331,098
94$1,588,469$0$0$1,368,048
95$1,632,203$0$0$1,405,654
96$1,676,671$0$0$1,443,885
97$1,721,832$0$0$1,482,704
98$1,767,635$0$0$1,522,066
99$1,814,020$0$0$1,561,918
100$1,860,918$0$0$1,602,201