Can I retire at age 59 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$42,033$41,658$41,293$40,937$40,588$40,231
2 years$20,808$20,421$20,045$19,681$19,328$18,968
3 years$13,734$13,345$12,971$12,610$12,262$11,911
4 years$10,198$9,810$9,439$9,085$8,746$8,405
5 years$8,077$7,691$7,325$6,978$6,648$6,320
6 years$6,663$6,280$5,920$5,580$5,261$4,945
7 years$5,654$5,274$4,919$4,588$4,278$3,975
8 years$4,897$4,521$4,172$3,849$3,549$3,259
9 years$4,309$3,936$3,593$3,278$2,989$2,711
10 years$3,839$3,470$3,133$2,826$2,547$2,281
11 years$3,454$3,089$2,758$2,459$2,190$1,937
12 years$3,134$2,772$2,448$2,157$1,898$1,657
13 years$2,863$2,505$2,187$1,904$1,655$1,426
14 years$2,631$2,277$1,965$1,691$1,451$1,233
15 years$2,431$2,080$1,774$1,508$1,277$1,071
16 years$2,255$1,909$1,608$1,350$1,129$933
17 years$2,100$1,758$1,464$1,213$1,001$815
18 years$1,963$1,624$1,336$1,093$890$714
19 years$1,840$1,505$1,223$988$793$627
20 years$1,730$1,399$1,123$895$709$552
21 years$1,630$1,303$1,033$812$634$486
22 years$1,540$1,216$952$738$568$429
23 years$1,457$1,138$879$672$510$379
24 years$1,382$1,066$813$613$459$336
25 years$1,312$1,000$753$560$413$297
26 years$1,248$940$698$512$372$263
27 years$1,189$885$648$469$335$234
28 years$1,134$834$603$429$302$207
29 years$1,084$787$561$394$273$184
30 years$1,036$743$522$361$247$164
31 years$992$702$487$332$223$145
32 years$950$664$454$305$202$129
33 years$912$629$424$280$183$115
34 years$875$596$396$258$165$102
35 years$841$566$371$238$150$91
36 years$808$537$347$219$136$81
37 years$778$510$324$202$123$72
38 years$749$485$304$186$111$64
39 years$722$461$285$171$101$57
40 years$696$438$267$158$92$51
41 years$671$417$250$146$83$45
42 years$648$397$235$135$75$41
43 years$626$379$220$124$69$36
44 years$605$361$207$115$62$32
45 years$585$344$194$106$56$29
46 years$565$328$182$98$51$26
47 years$547$313$171$90$47$23
48 years$530$299$161$84$42$20
49 years$513$286$151$77$38$18
50 years$497$273$142$71$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $509,000, adding $3,281 every year, while hoping to spend $41,824 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: 51/20/29 Blend
58$509,000$509,000$509,000$509,000
59$564,302$537,325$529,436$588,318
60$577,361$519,154$502,672$587,248
61$590,349$498,690$473,609$581,645
62$603,217$475,778$442,127$574,737
63$615,906$450,252$408,098$566,421
64$628,350$421,936$371,392$556,583
65$640,477$390,646$331,868$545,101
66$652,203$356,186$289,384$531,846
67$663,438$318,348$243,788$516,677
68$674,077$276,916$194,923$499,443
69$684,004$231,656$142,625$479,981
70$693,091$182,326$86,721$458,115
71$701,193$128,667$27,033$433,659
72$708,150$70,407$0$406,407
73$713,783$7,258$0$387,487
74$717,893$0$0$374,980
75$720,258$0$0$373,764
76$720,632$0$0$372,997
77$718,742$0$0$370,926
78$714,283$0$0$367,380
79$706,921$0$0$362,169
80$696,281$0$0$355,082
81$681,948$0$0$345,886
82$663,466$0$0$334,321
83$640,324$0$0$320,100
84$611,962$0$0$302,907
85$577,756$0$0$282,390
86$537,017$0$0$258,161
87$488,984$0$0$229,790
88$432,812$0$0$196,802
89$367,570$0$0$158,672
90$292,228$0$0$114,819
91$205,647$0$0$64,602
92$106,568$0$0$7,312
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0