Can I retire at age 59 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$41,785$41,413$41,050$40,695$40,349$39,697
2 years$20,686$20,300$19,927$19,565$19,214$18,559
3 years$13,653$13,267$12,894$12,535$12,190$11,552
4 years$10,138$9,752$9,384$9,031$8,694$8,078
5 years$8,029$7,646$7,282$6,937$6,609$6,017
6 years$6,624$6,243$5,885$5,547$5,230$4,663
7 years$5,621$5,243$4,890$4,561$4,253$3,711
8 years$4,868$4,494$4,147$3,826$3,528$3,011
9 years$4,284$3,913$3,572$3,259$2,971$2,478
10 years$3,816$3,449$3,114$2,809$2,532$2,063
11 years$3,434$3,071$2,742$2,445$2,177$1,732
12 years$3,115$2,756$2,433$2,144$1,887$1,465
13 years$2,846$2,491$2,174$1,893$1,645$1,246
14 years$2,616$2,264$1,953$1,681$1,442$1,064
15 years$2,416$2,068$1,764$1,499$1,270$913
16 years$2,242$1,898$1,599$1,342$1,122$786
17 years$2,088$1,748$1,455$1,206$995$678
18 years$1,951$1,615$1,328$1,087$885$586
19 years$1,829$1,497$1,216$982$789$508
20 years$1,720$1,391$1,116$889$704$441
21 years$1,621$1,295$1,026$807$630$384
22 years$1,531$1,209$946$734$565$334
23 years$1,449$1,131$873$668$507$291
24 years$1,374$1,060$808$610$456$254
25 years$1,305$994$748$557$410$222
26 years$1,241$935$694$509$370$194
27 years$1,182$880$644$466$333$169
28 years$1,128$829$599$427$301$148
29 years$1,077$782$557$391$271$130
30 years$1,030$738$519$359$245$113
31 years$986$698$484$330$222$99
32 years$945$660$452$303$201$87
33 years$906$625$422$279$182$76
34 years$870$593$394$257$164$67
35 years$836$562$368$236$149$59
36 years$804$534$345$218$135$51
37 years$773$507$323$200$122$45
38 years$745$482$302$185$111$40
39 years$717$458$283$170$101$35
40 years$692$436$265$157$91$30
41 years$667$415$249$145$83$27
42 years$644$395$233$134$75$23
43 years$622$376$219$123$68$21
44 years$601$359$205$114$62$18
45 years$581$342$193$105$56$16
46 years$562$326$181$97$51$14
47 years$544$312$170$90$46$12
48 years$527$297$160$83$42$11
49 years$510$284$150$77$38$9
50 years$494$271$141$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $506,000, adding $2,303 every year, while hoping to spend $27,092 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: 38/40/22 Blend
58$506,000$506,000$506,000$506,000
59$559,988$533,170$525,327$577,506
60$588,281$530,469$514,099$587,719
61$618,552$526,728$501,588$596,040
62$650,973$521,868$487,721$604,486
63$685,736$515,803$472,423$613,084
64$723,049$508,444$455,616$621,865
65$763,139$499,697$437,219$630,868
66$806,257$489,461$417,144$640,135
67$852,681$477,630$395,304$649,716
68$902,711$464,091$371,603$659,671
69$956,681$448,724$345,945$670,067
70$1,014,955$431,405$318,227$680,979
71$1,077,935$411,998$288,342$692,496
72$1,146,062$390,363$256,179$704,718
73$1,219,820$366,351$221,621$717,759
74$1,299,743$339,804$184,547$731,747
75$1,386,417$310,553$144,828$746,831
76$1,480,485$278,424$102,334$763,174
77$1,582,656$243,229$56,924$780,965
78$1,693,711$204,771$8,455$800,414
79$1,814,506$162,842$0$821,759
80$1,945,986$117,221$0$855,423
81$2,089,188$67,677$0$894,329
82$2,245,256$13,963$0$936,864
83$2,415,445$0$0$983,446
84$2,601,141$0$0$1,053,985
85$2,803,867$0$0$1,137,767
86$3,025,299$0$0$1,229,348
87$3,267,284$0$0$1,329,499
88$3,531,853$0$0$1,439,071
89$3,821,244$0$0$1,558,999
90$4,137,921$0$0$1,690,313
91$4,484,597$0$0$1,834,149
92$4,864,259$0$0$1,991,756
93$5,280,197$0$0$2,164,510
94$5,736,033$0$0$2,353,927
95$6,235,759$0$0$2,561,678
96$6,783,768$0$0$2,789,599
97$7,384,901$0$0$3,039,718
98$8,044,488$0$0$3,314,264
99$8,768,403$0$0$3,615,696
100$9,563,114$0$0$3,946,720