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%13.8%
1 years$41,785$41,413$41,050$40,695$40,349$39,713
2 years$20,686$20,300$19,927$19,565$19,214$18,575
3 years$13,653$13,267$12,894$12,535$12,190$11,568
4 years$10,138$9,752$9,384$9,031$8,694$8,094
5 years$8,029$7,646$7,282$6,937$6,609$6,032
6 years$6,624$6,243$5,885$5,547$5,230$4,676
7 years$5,621$5,243$4,890$4,561$4,253$3,724
8 years$4,868$4,494$4,147$3,826$3,528$3,023
9 years$4,284$3,913$3,572$3,259$2,971$2,490
10 years$3,816$3,449$3,114$2,809$2,532$2,074
11 years$3,434$3,071$2,742$2,445$2,177$1,742
12 years$3,115$2,756$2,433$2,144$1,887$1,474
13 years$2,846$2,491$2,174$1,893$1,645$1,255
14 years$2,616$2,264$1,953$1,681$1,442$1,073
15 years$2,416$2,068$1,764$1,499$1,270$921
16 years$2,242$1,898$1,599$1,342$1,122$793
17 years$2,088$1,748$1,455$1,206$995$685
18 years$1,951$1,615$1,328$1,087$885$593
19 years$1,829$1,497$1,216$982$789$514
20 years$1,720$1,391$1,116$889$704$447
21 years$1,621$1,295$1,026$807$630$389
22 years$1,531$1,209$946$734$565$339
23 years$1,449$1,131$873$668$507$295
24 years$1,374$1,060$808$610$456$258
25 years$1,305$994$748$557$410$225
26 years$1,241$935$694$509$370$197
27 years$1,182$880$644$466$333$172
28 years$1,128$829$599$427$301$151
29 years$1,077$782$557$391$271$132
30 years$1,030$738$519$359$245$116
31 years$986$698$484$330$222$101
32 years$945$660$452$303$201$89
33 years$906$625$422$279$182$78
34 years$870$593$394$257$164$68
35 years$836$562$368$236$149$60
36 years$804$534$345$218$135$53
37 years$773$507$323$200$122$46
38 years$745$482$302$185$111$41
39 years$717$458$283$170$101$36
40 years$692$436$265$157$91$31
41 years$667$415$249$145$83$27
42 years$644$395$233$134$75$24
43 years$622$376$219$123$68$21
44 years$601$359$205$114$62$19
45 years$581$342$193$105$56$16
46 years$562$326$181$97$51$14
47 years$544$312$170$90$46$13
48 years$527$297$160$83$42$11
49 years$510$284$150$77$38$10
50 years$494$271$141$71$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $506,000, adding $3,601 every year, while hoping to spend $39,489 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: 44/36/20 Blend
58$506,000$506,000$506,000$506,000
59$561,326$534,508$526,665$582,632
60$576,566$518,683$502,293$582,173
61$592,036$500,759$475,780$577,517
62$607,719$480,592$447,014$571,654
63$623,593$458,028$415,876$564,491
64$639,634$432,906$382,242$555,931
65$655,813$405,055$345,984$545,867
66$672,097$374,293$306,965$534,187
67$688,448$340,430$265,045$520,773
68$704,821$303,263$220,076$505,495
69$721,169$262,579$171,905$488,218
70$737,435$218,152$120,370$468,796
71$753,554$169,743$65,304$447,074
72$769,457$117,100$6,531$422,886
73$785,061$59,957$0$396,053
74$800,277$0$0$378,379
75$815,001$0$0$360,714
76$829,119$0$0$366,474
77$842,504$0$0$371,844
78$855,011$0$0$376,754
79$866,481$0$0$381,124
80$876,736$0$0$384,867
81$885,575$0$0$387,885
82$892,778$0$0$390,070
83$898,097$0$0$391,300
84$901,257$0$0$391,441
85$901,953$0$0$390,344
86$899,847$0$0$387,842
87$894,562$0$0$383,753
88$885,680$0$0$377,871
89$872,738$0$0$369,971
90$855,222$0$0$359,802
91$832,564$0$0$347,087
92$804,133$0$0$331,518
93$769,232$0$0$312,756
94$727,088$0$0$290,424
95$676,846$0$0$264,106
96$617,561$0$0$233,341
97$548,186$0$0$197,620
98$467,565$0$0$156,381
99$374,421$0$0$109,002
100$267,339$0$0$54,794