Can I retire at age 59 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$41,868$41,495$41,131$40,776$40,429$39,198
2 years$20,727$20,341$19,966$19,604$19,252$18,022
3 years$13,680$13,293$12,920$12,560$12,214$11,024
4 years$10,158$9,772$9,402$9,049$8,711$7,570
5 years$8,045$7,661$7,296$6,950$6,622$5,533
6 years$6,637$6,256$5,897$5,558$5,240$4,204
7 years$5,632$5,254$4,900$4,570$4,261$3,279
8 years$4,878$4,503$4,156$3,834$3,535$2,605
9 years$4,292$3,921$3,579$3,265$2,977$2,098
10 years$3,824$3,456$3,121$2,815$2,537$1,708
11 years$3,441$3,077$2,747$2,450$2,182$1,402
12 years$3,122$2,762$2,438$2,149$1,891$1,158
13 years$2,852$2,496$2,178$1,897$1,649$961
14 years$2,621$2,268$1,957$1,684$1,445$801
15 years$2,421$2,072$1,767$1,502$1,272$670
16 years$2,246$1,901$1,602$1,345$1,125$562
17 years$2,092$1,751$1,458$1,208$997$473
18 years$1,955$1,618$1,331$1,089$887$398
19 years$1,833$1,500$1,218$984$790$336
20 years$1,723$1,393$1,118$891$706$284
21 years$1,624$1,298$1,028$809$632$240
22 years$1,534$1,212$948$735$566$203
23 years$1,451$1,133$875$670$508$172
24 years$1,376$1,062$809$611$457$146
25 years$1,307$996$750$558$411$124
26 years$1,243$936$695$510$370$105
27 years$1,185$881$646$467$334$89
28 years$1,130$830$600$428$301$76
29 years$1,079$783$559$392$272$64
30 years$1,032$740$520$360$246$55
31 years$988$699$485$331$222$47
32 years$947$662$453$304$201$40
33 years$908$627$423$279$182$34
34 years$872$594$395$257$165$29
35 years$837$563$369$237$149$24
36 years$805$535$345$218$135$21
37 years$775$508$323$201$122$18
38 years$746$483$303$185$111$15
39 years$719$459$284$171$101$13
40 years$693$437$266$157$91$11
41 years$669$416$249$145$83$9
42 years$645$396$234$134$75$8
43 years$623$377$219$124$68$7
44 years$602$360$206$114$62$6
45 years$582$343$193$105$56$5
46 years$563$327$182$97$51$4
47 years$545$312$171$90$46$4
48 years$528$298$160$83$42$3
49 years$511$285$151$77$38$3
50 years$495$272$142$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $507,000, adding $6,264 every year, while hoping to spend $29,342 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: 28/49/23 Blend
58$507,000$507,000$507,000$507,000
59$565,175$538,304$530,446$576,784
60$591,604$533,462$516,996$581,524
61$619,744$527,398$502,112$583,612
62$649,740$520,023$485,716$585,240
63$681,750$511,240$467,723$586,389
64$715,946$500,948$448,049$587,038
65$752,515$489,038$426,602$587,170
66$791,667$475,396$403,288$586,766
67$833,628$459,901$378,009$585,811
68$878,647$442,425$350,661$584,292
69$926,997$422,832$321,137$582,198
70$978,979$400,979$289,323$579,521
71$1,034,922$376,715$255,103$576,257
72$1,095,189$349,878$218,353$572,406
73$1,160,175$320,299$178,945$567,973
74$1,230,318$287,799$136,745$562,969
75$1,306,098$252,189$91,614$557,411
76$1,388,042$213,268$43,404$551,324
77$1,476,728$170,824$0$544,742
78$1,572,794$124,634$0$539,684
79$1,676,941$74,463$0$545,726
80$1,789,937$20,060$0$552,314
81$1,912,631$0$0$559,574
82$2,045,953$0$0$588,592
83$2,190,928$0$0$631,980
84$2,348,684$0$0$679,269
85$2,520,461$0$0$730,841
86$2,707,624$0$0$787,116
87$2,911,674$0$0$848,555
88$3,134,266$0$0$915,667
89$3,377,219$0$0$989,012
90$3,642,535$0$0$1,069,206
91$3,932,421$0$0$1,156,929
92$4,249,302$0$0$1,252,928
93$4,595,852$0$0$1,358,025
94$4,975,014$0$0$1,473,127
95$5,390,027$0$0$1,599,231
96$5,844,460$0$0$1,737,438
97$6,342,241$0$0$1,888,956
98$6,887,698$0$0$2,055,121
99$7,485,596$0$0$2,237,398
100$8,141,183$0$0$2,437,407