Can I retire at age 59 with 522,000?

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 $522,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$43,106$42,722$42,348$41,982$41,625$41,397
2 years$21,340$20,942$20,557$20,184$19,821$19,592
3 years$14,085$13,686$13,302$12,932$12,576$12,351
4 years$10,459$10,061$9,680$9,317$8,969$8,751
5 years$8,283$7,888$7,512$7,156$6,818$6,608
6 years$6,833$6,441$6,071$5,723$5,395$5,192
7 years$5,798$5,409$5,045$4,705$4,388$4,193
8 years$5,022$4,637$4,279$3,947$3,640$3,453
9 years$4,419$4,037$3,685$3,362$3,065$2,886
10 years$3,937$3,558$3,213$2,898$2,612$2,440
11 years$3,542$3,168$2,829$2,522$2,246$2,082
12 years$3,214$2,843$2,510$2,212$1,947$1,790
13 years$2,936$2,569$2,243$1,953$1,697$1,548
14 years$2,699$2,336$2,015$1,734$1,488$1,346
15 years$2,493$2,134$1,819$1,546$1,310$1,175
16 years$2,313$1,958$1,650$1,384$1,158$1,029
17 years$2,154$1,803$1,501$1,244$1,027$904
18 years$2,013$1,666$1,370$1,121$913$797
19 years$1,887$1,544$1,254$1,013$814$704
20 years$1,774$1,435$1,151$917$727$623
21 years$1,672$1,336$1,059$833$650$552
22 years$1,579$1,247$976$757$583$490
23 years$1,494$1,167$901$689$523$436
24 years$1,417$1,093$833$629$470$388
25 years$1,346$1,026$772$574$423$346
26 years$1,280$964$716$525$381$308
27 years$1,220$907$665$481$344$275
28 years$1,163$855$618$440$310$246
29 years$1,111$807$575$404$280$220
30 years$1,063$762$536$371$253$196
31 years$1,017$720$499$340$229$176
32 years$975$681$466$313$207$157
33 years$935$645$435$288$187$141
34 years$897$612$406$265$170$126
35 years$862$580$380$244$154$113
36 years$829$551$356$224$139$101
37 years$798$523$333$207$126$91
38 years$768$497$312$191$114$81
39 years$740$473$292$176$104$73
40 years$714$450$274$162$94$66
41 years$688$428$257$150$85$59
42 years$665$408$241$138$77$53
43 years$642$388$226$127$70$47
44 years$620$370$212$118$64$42
45 years$600$353$199$109$58$38
46 years$580$337$187$100$53$34
47 years$561$321$176$93$48$31
48 years$543$307$165$86$43$28
49 years$526$293$155$79$39$25
50 years$510$280$146$73$36$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $522,000, adding $2,800 every year, while hoping to spend $37,420 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: 44/27/29 Blend
58$522,000$522,000$522,000$522,000
59$578,132$550,466$542,375$598,595
60$597,287$537,624$520,730$600,655
61$617,142$522,899$497,106$599,116
62$637,728$506,159$471,397$596,739
63$659,079$487,264$443,491$593,467
64$681,232$466,067$413,275$589,242
65$704,224$442,411$380,627$584,001
66$728,098$416,131$345,420$577,681
67$752,895$387,053$307,523$570,214
68$778,664$354,992$266,799$561,528
69$805,454$319,753$223,103$551,549
70$833,318$281,129$176,285$540,201
71$862,315$238,903$126,188$527,403
72$892,505$192,843$72,650$513,069
73$923,955$142,706$15,498$497,112
74$956,735$88,236$0$479,441
75$990,924$29,161$0$474,037
76$1,026,602$0$0$472,756
77$1,063,860$0$0$481,096
78$1,102,793$0$0$498,880
79$1,143,505$0$0$517,491
80$1,186,109$0$0$536,985
81$1,230,727$0$0$557,418
82$1,277,491$0$0$578,853
83$1,326,543$0$0$601,359
84$1,378,038$0$0$625,010
85$1,432,147$0$0$649,886
86$1,489,051$0$0$676,075
87$1,548,950$0$0$703,672
88$1,612,062$0$0$732,781
89$1,678,622$0$0$763,515
90$1,748,888$0$0$795,998
91$1,823,142$0$0$830,364
92$1,901,689$0$0$866,760
93$1,984,865$0$0$905,348
94$2,073,034$0$0$946,301
95$2,166,597$0$0$989,814
96$2,265,989$0$0$1,036,094
97$2,371,689$0$0$1,085,373
98$2,484,220$0$0$1,137,901
99$2,604,153$0$0$1,193,955
100$2,732,116$0$0$1,253,836