Can I retire at age 59 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$43,189$42,804$42,429$42,062$41,705$40,370
2 years$21,381$20,982$20,597$20,222$19,859$18,527
3 years$14,112$13,712$13,327$12,957$12,600$11,311
4 years$10,479$10,080$9,699$9,335$8,986$7,752
5 years$8,299$7,903$7,527$7,170$6,831$5,654
6 years$6,847$6,453$6,083$5,734$5,405$4,286
7 years$5,809$5,419$5,055$4,714$4,396$3,335
8 years$5,032$4,645$4,287$3,954$3,647$2,644
9 years$4,428$4,045$3,692$3,368$3,071$2,124
10 years$3,944$3,565$3,219$2,904$2,617$1,725
11 years$3,549$3,174$2,834$2,527$2,251$1,412
12 years$3,220$2,849$2,515$2,216$1,950$1,163
13 years$2,942$2,574$2,247$1,957$1,701$963
14 years$2,704$2,340$2,019$1,737$1,491$800
15 years$2,497$2,138$1,823$1,549$1,313$668
16 years$2,317$1,961$1,653$1,387$1,160$558
17 years$2,158$1,806$1,504$1,246$1,029$468
18 years$2,017$1,669$1,373$1,123$915$393
19 years$1,891$1,547$1,257$1,015$815$331
20 years$1,778$1,437$1,153$919$728$279
21 years$1,675$1,339$1,061$834$652$235
22 years$1,582$1,250$978$758$584$198
23 years$1,497$1,169$903$691$524$168
24 years$1,420$1,095$835$630$471$142
25 years$1,348$1,028$773$575$424$120
26 years$1,283$966$717$526$382$101
27 years$1,222$909$666$482$344$86
28 years$1,166$857$619$441$311$73
29 years$1,113$808$576$405$281$61
30 years$1,065$763$537$371$254$52
31 years$1,019$721$500$341$229$44
32 years$977$683$467$313$207$37
33 years$937$646$436$288$188$32
34 years$899$613$407$265$170$27
35 years$864$581$381$244$154$23
36 years$831$552$356$225$139$19
37 years$799$524$333$207$126$16
38 years$770$498$312$191$115$14
39 years$742$473$292$176$104$12
40 years$715$450$274$162$94$10
41 years$690$429$257$150$85$8
42 years$666$408$241$138$78$7
43 years$643$389$226$128$70$6
44 years$621$371$212$118$64$5
45 years$601$354$199$109$58$4
46 years$581$337$187$101$53$4
47 years$562$322$176$93$48$3
48 years$544$307$165$86$43$3
49 years$527$294$155$79$39$2
50 years$511$280$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $523,000, adding $4,543 every year, while hoping to spend $20,331 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: 37/40/23 Blend
58$523,000$523,000$523,000$523,000
59$581,032$553,313$545,207$598,374
60$618,665$558,793$541,839$616,929
61$659,456$563,861$537,677$634,742
62$703,704$568,474$532,673$653,576
63$751,740$572,588$526,776$673,534
64$803,929$576,155$519,934$694,733
65$860,669$579,126$512,091$717,300
66$922,401$581,447$503,190$741,381
67$989,609$583,061$493,170$767,133
68$1,062,825$583,907$481,967$794,733
69$1,142,636$583,922$469,516$824,379
70$1,229,687$583,036$455,747$856,287
71$1,324,689$581,178$440,588$890,700
72$1,428,421$578,270$423,962$927,886
73$1,541,746$574,231$405,791$968,143
74$1,665,611$568,975$385,991$1,011,802
75$1,801,057$562,409$364,476$1,059,228
76$1,949,234$554,436$341,155$1,110,827
77$2,111,406$544,954$315,934$1,167,050
78$2,288,965$533,852$288,713$1,228,394
79$2,483,444$521,015$259,390$1,295,412
80$2,696,532$506,321$227,855$1,368,715
81$2,930,087$489,640$193,998$1,448,980
82$3,186,158$470,835$157,699$1,536,956
83$3,467,001$449,760$118,836$1,633,474
84$3,775,098$426,262$77,281$1,739,450
85$4,113,187$400,178$32,899$1,855,901
86$4,484,282$371,336$0$1,983,951
87$4,891,702$339,555$0$2,128,391
88$5,339,105$304,642$0$2,295,894
89$5,830,519$266,395$0$2,479,934
90$6,370,382$224,599$0$2,682,231
91$6,963,584$179,027$0$2,904,683
92$7,615,510$129,440$0$3,149,384
93$8,332,094$75,584$0$3,418,649
94$9,119,873$17,193$0$3,715,030
95$9,986,050$0$0$4,041,346
96$10,938,560$0$0$4,420,959
97$11,986,144$0$0$4,846,868
98$13,138,435$0$0$5,315,432
99$14,406,045$0$0$5,830,976
100$15,800,668$0$0$6,398,267