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%19.4%
1 years$42,941$42,559$42,185$41,821$41,466$39,899
2 years$21,258$20,862$20,478$20,106$19,745$18,186
3 years$14,031$13,634$13,251$12,882$12,527$11,023
4 years$10,419$10,022$9,643$9,281$8,935$7,497
5 years$8,251$7,857$7,484$7,129$6,792$5,425
6 years$6,807$6,416$6,048$5,701$5,374$4,079
7 years$5,776$5,388$5,026$4,687$4,371$3,147
8 years$5,003$4,619$4,262$3,932$3,626$2,472
9 years$4,402$4,021$3,671$3,349$3,054$1,968
10 years$3,922$3,545$3,201$2,887$2,602$1,583
11 years$3,529$3,156$2,818$2,512$2,238$1,283
12 years$3,202$2,832$2,501$2,204$1,939$1,047
13 years$2,925$2,560$2,234$1,946$1,691$858
14 years$2,688$2,327$2,007$1,727$1,482$706
15 years$2,483$2,125$1,812$1,540$1,305$582
16 years$2,304$1,950$1,643$1,379$1,153$482
17 years$2,146$1,796$1,495$1,239$1,023$400
18 years$2,005$1,660$1,365$1,117$909$332
19 years$1,880$1,538$1,250$1,009$811$276
20 years$1,767$1,429$1,147$914$724$230
21 years$1,665$1,331$1,055$829$648$192
22 years$1,573$1,243$972$754$581$160
23 years$1,489$1,162$898$687$521$133
24 years$1,412$1,089$830$626$469$111
25 years$1,341$1,022$769$572$422$93
26 years$1,275$960$713$523$380$78
27 years$1,215$904$662$479$342$65
28 years$1,159$852$616$439$309$54
29 years$1,107$804$573$402$279$46
30 years$1,058$759$534$369$252$38
31 years$1,013$717$497$339$228$32
32 years$971$679$464$312$206$27
33 years$931$643$433$287$187$22
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$6
41 years$686$426$256$149$85$5
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 $4,239 every year, while hoping to spend $28,662 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: 50/43/7 Blend
58$520,000$520,000$520,000$520,000
59$577,413$549,853$541,793$605,047
60$605,812$546,299$529,446$620,794
61$636,149$541,611$515,726$634,473
62$668,588$535,702$500,555$648,659
63$703,314$528,482$483,854$663,404
64$740,528$519,854$465,539$678,770
65$780,451$509,715$445,523$694,827
66$823,323$497,957$423,715$711,652
67$869,412$484,467$400,019$729,333
68$919,008$469,122$374,336$747,970
69$972,431$451,794$346,561$767,672
70$1,030,034$432,347$316,585$788,565
71$1,092,203$410,637$284,296$810,789
72$1,159,361$386,512$249,574$834,500
73$1,231,976$359,811$212,294$859,873
74$1,310,560$330,364$172,329$887,106
75$1,395,677$297,991$129,541$916,418
76$1,487,946$262,502$83,791$948,054
77$1,588,048$223,697$34,930$982,289
78$1,696,734$181,363$0$1,019,429
79$1,814,826$135,275$0$1,061,101
80$1,943,232$85,197$0$1,109,268
81$2,082,950$30,880$0$1,161,755
82$2,235,076$0$0$1,219,048
83$2,400,818$0$0$1,294,907
84$2,581,506$0$0$1,393,586
85$2,778,601$0$0$1,501,277
86$2,993,715$0$0$1,618,868
87$3,228,618$0$0$1,747,334
88$3,485,262$0$0$1,887,749
89$3,765,795$0$0$2,041,294
90$4,072,581$0$0$2,209,273
91$4,408,223$0$0$2,393,118
92$4,775,588$0$0$2,594,408
93$5,177,833$0$0$2,814,882
94$5,618,434$0$0$3,056,452
95$6,101,218$0$0$3,321,228
96$6,630,402$0$0$3,611,532
97$7,210,629$0$0$3,929,919
98$7,847,013$0$0$4,279,208
99$8,545,186$0$0$4,662,500
100$9,311,353$0$0$5,083,212