Can I retire at age 59 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$42,363$41,986$41,618$41,258$40,907$40,599
2 years$20,972$20,581$20,203$19,836$19,480$19,168
3 years$13,842$13,450$13,072$12,709$12,359$12,054
4 years$10,278$9,887$9,513$9,156$8,814$8,520
5 years$8,140$7,752$7,383$7,033$6,701$6,416
6 years$6,716$6,330$5,966$5,624$5,302$5,028
7 years$5,698$5,316$4,958$4,624$4,312$4,049
8 years$4,936$4,557$4,205$3,879$3,577$3,325
9 years$4,343$3,967$3,622$3,304$3,012$2,771
10 years$3,869$3,497$3,157$2,848$2,567$2,336
11 years$3,481$3,113$2,780$2,479$2,207$1,987
12 years$3,159$2,794$2,467$2,174$1,913$1,703
13 years$2,886$2,525$2,204$1,919$1,668$1,468
14 years$2,652$2,295$1,980$1,704$1,462$1,272
15 years$2,450$2,097$1,788$1,520$1,288$1,107
16 years$2,273$1,924$1,621$1,361$1,138$966
17 years$2,117$1,772$1,475$1,222$1,009$846
18 years$1,978$1,637$1,347$1,102$897$743
19 years$1,855$1,517$1,233$995$800$654
20 years$1,744$1,410$1,131$902$714$577
21 years$1,643$1,313$1,041$818$639$509
22 years$1,552$1,226$959$744$573$451
23 years$1,469$1,147$886$678$514$399
24 years$1,393$1,074$819$618$462$354
25 years$1,323$1,008$759$564$416$314
26 years$1,258$948$704$516$375$279
27 years$1,199$892$653$472$338$248
28 years$1,143$840$607$433$305$221
29 years$1,092$793$565$397$275$196
30 years$1,044$749$526$364$249$175
31 years$1,000$708$491$334$225$156
32 years$958$670$458$307$203$139
33 years$919$634$428$283$184$124
34 years$882$601$399$260$167$110
35 years$847$570$373$239$151$99
36 years$815$541$349$221$137$88
37 years$784$514$327$203$124$79
38 years$755$488$306$187$112$70
39 years$727$464$287$173$102$63
40 years$701$442$269$159$92$56
41 years$677$421$252$147$84$50
42 years$653$401$237$136$76$45
43 years$631$382$222$125$69$40
44 years$610$364$208$116$63$36
45 years$589$347$196$107$57$32
46 years$570$331$184$99$52$28
47 years$551$316$173$91$47$25
48 years$534$301$162$84$43$23
49 years$517$288$152$78$39$20
50 years$501$275$143$72$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $513,000, adding $6,142 every year, while hoping to spend $28,493 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: 58/29/13 Blend
58$513,000$513,000$513,000$513,000
59$571,661$544,472$536,521$602,609
60$599,655$540,835$524,178$620,585
61$629,548$536,065$510,467$636,473
62$661,506$530,076$495,311$653,117
63$695,707$522,777$478,632$670,595
64$732,348$514,073$460,345$688,991
65$771,646$503,861$440,365$708,402
66$813,838$492,033$418,601$728,933
67$859,182$478,476$394,957$750,704
68$907,965$463,067$369,334$773,846
69$960,500$445,680$341,630$798,508
70$1,017,131$426,179$311,734$824,854
71$1,078,236$404,419$279,535$853,065
72$1,144,231$380,251$244,915$883,347
73$1,215,572$353,512$207,748$915,925
74$1,292,760$324,034$167,908$951,052
75$1,376,348$291,638$125,259$989,007
76$1,466,940$256,133$79,660$1,030,101
77$1,565,205$217,320$30,965$1,074,680
78$1,671,874$174,988$0$1,123,128
79$1,787,755$128,912$0$1,178,783
80$1,913,735$78,857$0$1,243,979
81$2,050,788$24,573$0$1,314,964
82$2,199,990$0$0$1,392,344
83$2,362,520$0$0$1,487,704
84$2,539,680$0$0$1,600,234
85$2,732,900$0$0$1,723,007
86$2,943,754$0$0$1,857,029
87$3,173,977$0$0$2,003,406
88$3,425,477$0$0$2,163,358
89$3,700,354$0$0$2,338,227
90$4,000,920$0$0$2,529,491
91$4,329,723$0$0$2,738,775
92$4,689,567$0$0$2,967,871
93$5,083,538$0$0$3,218,752
94$5,515,036$0$0$3,493,589
95$5,987,806$0$0$3,794,776
96$6,505,971$0$0$4,124,946
97$7,074,073$0$0$4,487,001
98$7,697,112$0$0$4,884,138
99$8,380,598$0$0$5,319,875
100$9,130,599$0$0$5,798,090