Can I retire at age 59 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$43,024$42,640$42,267$41,902$41,545$40,492
2 years$21,299$20,902$20,518$20,145$19,783$18,729
3 years$14,058$13,660$13,276$12,907$12,551$11,529
4 years$10,439$10,041$9,662$9,299$8,952$7,969
5 years$8,267$7,873$7,498$7,142$6,805$5,865
6 years$6,820$6,429$6,059$5,712$5,385$4,488
7 years$5,787$5,399$5,035$4,696$4,379$3,526
8 years$5,013$4,628$4,270$3,939$3,633$2,823
9 years$4,411$4,029$3,678$3,355$3,059$2,292
10 years$3,929$3,552$3,207$2,892$2,607$1,881
11 years$3,536$3,162$2,823$2,517$2,242$1,556
12 years$3,208$2,838$2,505$2,208$1,943$1,296
13 years$2,931$2,565$2,238$1,949$1,694$1,086
14 years$2,693$2,331$2,011$1,730$1,485$913
15 years$2,488$2,130$1,816$1,543$1,308$771
16 years$2,308$1,954$1,646$1,382$1,156$653
17 years$2,150$1,799$1,498$1,242$1,025$554
18 years$2,009$1,663$1,368$1,119$911$471
19 years$1,884$1,541$1,252$1,011$812$402
20 years$1,771$1,432$1,149$916$725$343
21 years$1,669$1,334$1,057$831$649$293
22 years$1,576$1,245$974$756$582$250
23 years$1,492$1,164$899$688$522$214
24 years$1,414$1,091$832$628$469$184
25 years$1,343$1,024$770$573$422$157
26 years$1,278$962$714$524$381$135
27 years$1,217$906$663$480$343$116
28 years$1,161$853$617$440$310$99
29 years$1,109$805$574$403$280$85
30 years$1,061$760$535$370$253$73
31 years$1,015$719$498$340$228$63
32 years$973$680$465$312$207$54
33 years$933$644$434$287$187$47
34 years$896$610$406$264$169$40
35 years$861$579$379$243$153$34
36 years$827$550$355$224$139$30
37 years$796$522$332$206$126$25
38 years$767$496$311$190$114$22
39 years$739$472$291$175$103$19
40 years$712$449$273$162$94$16
41 years$687$427$256$149$85$14
42 years$663$407$240$138$77$12
43 years$641$388$225$127$70$10
44 years$619$369$212$117$64$9
45 years$598$352$199$108$58$8
46 years$579$336$187$100$52$7
47 years$560$321$175$93$48$6
48 years$542$306$165$85$43$5
49 years$525$292$155$79$39$4
50 years$509$279$146$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $521,000, adding $6,409 every year, while hoping to spend $40,931 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: 70/22/8 Blend
58$521,000$521,000$521,000$521,000
59$580,753$553,140$545,064$620,151
60$596,439$536,693$519,774$630,622
61$612,354$518,069$492,264$636,443
62$628,477$497,118$462,418$641,697
63$644,785$473,680$430,112$646,321
64$661,251$447,588$395,218$650,244
65$677,843$418,664$357,603$653,389
66$694,526$386,721$317,125$655,676
67$711,257$351,561$273,639$657,013
68$727,991$312,973$226,992$657,305
69$744,674$270,736$177,024$656,444
70$761,245$224,617$123,568$654,318
71$777,636$174,366$66,451$650,801
72$793,768$119,724$5,491$645,759
73$809,556$60,414$0$639,045
74$824,901$0$0$635,586
75$839,694$0$0$631,887
76$853,811$0$0$642,278
77$867,115$0$0$652,025
78$879,452$0$0$661,010
79$890,649$0$0$669,100
80$900,516$0$0$676,146
81$908,838$0$0$681,982
82$915,378$0$0$686,426
83$919,870$0$0$689,271
84$922,022$0$0$690,291
85$921,505$0$0$689,232
86$917,957$0$0$685,814
87$910,974$0$0$679,725
88$900,110$0$0$670,620
89$884,868$0$0$658,115
90$864,699$0$0$641,786
91$838,995$0$0$621,163
92$807,081$0$0$595,724
93$768,211$0$0$564,893
94$721,559$0$0$528,033
95$666,210$0$0$484,437
96$601,154$0$0$433,324
97$525,272$0$0$373,831
98$437,328$0$0$305,003
99$335,957$0$0$225,786
100$219,647$0$0$135,013