Can I retire at age 59 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$42,941$42,559$42,185$41,821$41,466$39,915
2 years$21,258$20,862$20,478$20,106$19,745$18,201
3 years$14,031$13,634$13,251$12,882$12,527$11,038
4 years$10,419$10,022$9,643$9,281$8,935$7,511
5 years$8,251$7,857$7,484$7,129$6,792$5,438
6 years$6,807$6,416$6,048$5,701$5,374$4,091
7 years$5,776$5,388$5,026$4,687$4,371$3,158
8 years$5,003$4,619$4,262$3,932$3,626$2,482
9 years$4,402$4,021$3,671$3,349$3,054$1,978
10 years$3,922$3,545$3,201$2,887$2,602$1,592
11 years$3,529$3,156$2,818$2,512$2,238$1,291
12 years$3,202$2,832$2,501$2,204$1,939$1,054
13 years$2,925$2,560$2,234$1,946$1,691$864
14 years$2,688$2,327$2,007$1,727$1,482$711
15 years$2,483$2,125$1,812$1,540$1,305$587
16 years$2,304$1,950$1,643$1,379$1,153$486
17 years$2,146$1,796$1,495$1,239$1,023$404
18 years$2,005$1,660$1,365$1,117$909$335
19 years$1,880$1,538$1,250$1,009$811$279
20 years$1,767$1,429$1,147$914$724$233
21 years$1,665$1,331$1,055$829$648$194
22 years$1,573$1,243$972$754$581$162
23 years$1,489$1,162$898$687$521$135
24 years$1,412$1,089$830$626$469$113
25 years$1,341$1,022$769$572$422$95
26 years$1,275$960$713$523$380$79
27 years$1,215$904$662$479$342$66
28 years$1,159$852$616$439$309$55
29 years$1,107$804$573$402$279$46
30 years$1,058$759$534$369$252$39
31 years$1,013$717$497$339$228$33
32 years$971$679$464$312$206$27
33 years$931$643$433$287$187$23
34 years$894$609$405$264$169$19
35 years$859$578$379$243$153$16
36 years$826$548$354$224$139$13
37 years$795$521$331$206$126$11
38 years$765$495$310$190$114$9
39 years$737$471$291$175$103$8
40 years$711$448$273$161$94$7
41 years$686$426$256$149$85$6
42 years$662$406$240$137$77$5
43 years$639$387$225$127$70$4
44 years$618$369$211$117$64$3
45 years$597$352$198$108$58$3
46 years$578$335$186$100$52$2
47 years$559$320$175$92$48$2
48 years$541$306$164$85$43$2
49 years$524$292$155$79$39$1
50 years$508$279$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $520,000, adding $5,786 every year, while hoping to spend $30,440 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: 68/6/26 Blend
58$520,000$520,000$520,000$520,000
59$579,008$551,448$543,388$614,124
60$605,679$546,081$529,204$633,068
61$634,050$539,431$513,524$649,779
62$664,263$531,403$496,267$667,362
63$696,472$521,895$477,346$685,903
64$730,846$510,803$456,671$705,499
65$767,572$498,011$434,149$726,256
66$806,852$483,402$409,681$748,294
67$848,910$466,848$383,164$771,743
68$893,990$448,215$354,492$796,749
69$942,361$427,361$323,551$823,476
70$994,318$404,137$290,225$852,102
71$1,050,182$378,384$254,392$882,828
72$1,110,310$349,934$215,923$915,874
73$1,175,090$318,610$174,685$951,485
74$1,244,951$284,223$130,539$989,933
75$1,320,364$246,577$83,340$1,031,519
76$1,401,843$205,462$32,934$1,076,576
77$1,489,958$160,657$0$1,125,473
78$1,585,332$111,927$0$1,184,405
79$1,688,651$59,027$0$1,258,164
80$1,800,670$1,696$0$1,338,153
81$1,922,218$0$0$1,424,975
82$2,054,206$0$0$1,523,280
83$2,197,639$0$0$1,630,257
84$2,353,620$0$0$1,746,621
85$2,523,364$0$0$1,873,282
86$2,708,206$0$0$2,011,240
87$2,909,617$0$0$2,161,596
88$3,129,215$0$0$2,325,564
89$3,368,781$0$0$2,504,475
90$3,630,274$0$0$2,699,799
91$3,915,853$0$0$2,913,153
92$4,227,893$0$0$3,146,314
93$4,569,009$0$0$3,401,242
94$4,942,079$0$0$3,680,094
95$5,350,274$0$0$3,985,245
96$5,797,083$0$0$4,319,310
97$6,286,352$0$0$4,685,167
98$6,822,312$0$0$5,085,988
99$7,409,624$0$0$5,525,266
100$8,053,423$0$0$6,006,846