Can I retire at age 59 with 516,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,611$42,231$41,861$41,499$41,147$40,582
2 years$21,094$20,702$20,321$19,952$19,594$19,026
3 years$13,923$13,529$13,149$12,783$12,431$11,878
4 years$10,338$9,945$9,569$9,210$8,866$8,331
5 years$8,188$7,797$7,426$7,074$6,740$6,225
6 years$6,755$6,367$6,001$5,657$5,333$4,839
7 years$5,732$5,347$4,987$4,651$4,337$3,864
8 years$4,965$4,583$4,229$3,902$3,598$3,146
9 years$4,368$3,991$3,643$3,323$3,030$2,599
10 years$3,891$3,517$3,176$2,865$2,582$2,171
11 years$3,502$3,131$2,796$2,493$2,220$1,830
12 years$3,177$2,811$2,481$2,187$1,924$1,553
13 years$2,903$2,540$2,217$1,931$1,678$1,326
14 years$2,668$2,309$1,992$1,714$1,471$1,138
15 years$2,464$2,109$1,798$1,528$1,295$980
16 years$2,286$1,935$1,631$1,369$1,145$847
17 years$2,129$1,782$1,484$1,230$1,015$734
18 years$1,990$1,647$1,354$1,108$902$638
19 years$1,866$1,526$1,240$1,001$804$555
20 years$1,754$1,418$1,138$907$718$484
21 years$1,653$1,321$1,047$823$643$423
22 years$1,561$1,233$965$748$576$370
23 years$1,477$1,153$891$682$517$324
24 years$1,401$1,081$824$622$465$284
25 years$1,330$1,014$763$568$418$249
26 years$1,266$953$708$519$377$218
27 years$1,206$897$657$475$340$192
28 years$1,150$845$611$435$307$169
29 years$1,098$797$568$399$277$148
30 years$1,050$753$529$366$250$131
31 years$1,005$712$494$336$226$115
32 years$963$674$461$309$205$101
33 years$924$638$430$284$185$89
34 years$887$605$402$262$168$78
35 years$852$573$376$241$152$69
36 years$820$544$351$222$138$61
37 years$789$517$329$204$125$54
38 years$759$491$308$188$113$47
39 years$732$467$289$174$102$42
40 years$705$444$270$160$93$37
41 years$681$423$254$148$84$32
42 years$657$403$238$136$77$29
43 years$634$384$223$126$69$25
44 years$613$366$210$116$63$22
45 years$593$349$197$107$57$20
46 years$573$333$185$99$52$17
47 years$555$318$174$92$47$15
48 years$537$303$163$85$43$13
49 years$520$290$153$78$39$12
50 years$504$277$144$72$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $516,000, adding $4,673 every year, while hoping to spend $25,179 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: 36/45/19 Blend
58$516,000$516,000$516,000$516,000
59$573,452$546,104$538,106$590,640
60$605,154$546,073$529,342$603,540
61$639,246$545,196$519,441$614,762
62$675,944$543,406$508,338$626,352
63$715,488$540,631$495,965$638,358
64$758,139$536,793$482,251$650,835
65$804,185$531,812$467,122$663,842
66$853,942$525,601$450,501$677,451
67$907,758$518,070$432,307$691,739
68$966,015$509,121$412,455$706,796
69$1,029,133$498,651$390,856$722,723
70$1,097,573$486,554$367,418$739,634
71$1,171,843$472,712$342,044$757,657
72$1,252,501$457,006$314,633$776,937
73$1,340,163$439,305$285,080$797,635
74$1,435,503$419,475$253,273$819,933
75$1,539,264$397,369$219,098$844,037
76$1,652,266$372,837$182,435$870,175
77$1,775,408$345,717$143,157$898,603
78$1,909,680$315,838$101,134$929,608
79$2,056,174$283,020$56,228$963,512
80$2,216,088$247,073$8,296$1,000,671
81$2,390,745$207,795$0$1,041,487
82$2,581,598$164,974$0$1,095,092
83$2,790,249$118,385$0$1,155,657
84$3,018,459$67,792$0$1,222,083
85$3,268,171$12,942$0$1,295,024
86$3,541,521$0$0$1,375,202
87$3,840,862$0$0$1,486,408
88$4,168,787$0$0$1,615,326
89$4,528,149$0$0$1,756,679
90$4,922,091$0$0$1,911,712
91$5,354,076$0$0$2,081,798
92$5,827,916$0$0$2,268,448
93$6,347,811$0$0$2,473,328
94$6,918,387$0$0$2,698,270
95$7,544,739$0$0$2,945,295
96$8,232,481$0$0$3,216,628
97$8,987,794$0$0$3,514,721
98$9,817,492$0$0$3,842,275
99$10,729,076$0$0$4,202,264
100$11,730,812$0$0$4,597,967