Can I retire at age 59 with 523,000?

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 $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%14.8%
1 years$43,189$42,804$42,429$42,062$41,705$40,879
2 years$21,381$20,982$20,597$20,222$19,859$19,031
3 years$14,112$13,712$13,327$12,957$12,600$11,795
4 years$10,479$10,080$9,699$9,335$8,986$8,211
5 years$8,299$7,903$7,527$7,170$6,831$6,087
6 years$6,847$6,453$6,083$5,734$5,405$4,694
7 years$5,809$5,419$5,055$4,714$4,396$3,717
8 years$5,032$4,645$4,287$3,954$3,647$3,000
9 years$4,428$4,045$3,692$3,368$3,071$2,456
10 years$3,944$3,565$3,219$2,904$2,617$2,033
11 years$3,549$3,174$2,834$2,527$2,251$1,697
12 years$3,220$2,849$2,515$2,216$1,950$1,427
13 years$2,942$2,574$2,247$1,957$1,701$1,206
14 years$2,704$2,340$2,019$1,737$1,491$1,025
15 years$2,497$2,138$1,823$1,549$1,313$873
16 years$2,317$1,961$1,653$1,387$1,160$747
17 years$2,158$1,806$1,504$1,246$1,029$640
18 years$2,017$1,669$1,373$1,123$915$550
19 years$1,891$1,547$1,257$1,015$815$474
20 years$1,778$1,437$1,153$919$728$409
21 years$1,675$1,339$1,061$834$652$353
22 years$1,582$1,250$978$758$584$305
23 years$1,497$1,169$903$691$524$264
24 years$1,420$1,095$835$630$471$229
25 years$1,348$1,028$773$575$424$198
26 years$1,283$966$717$526$382$172
27 years$1,222$909$666$482$344$149
28 years$1,166$857$619$441$311$130
29 years$1,113$808$576$405$281$113
30 years$1,065$763$537$371$254$98
31 years$1,019$721$500$341$229$85
32 years$977$683$467$313$207$74
33 years$937$646$436$288$188$64
34 years$899$613$407$265$170$56
35 years$864$581$381$244$154$49
36 years$831$552$356$225$139$42
37 years$799$524$333$207$126$37
38 years$770$498$312$191$115$32
39 years$742$473$292$176$104$28
40 years$715$450$274$162$94$24
41 years$690$429$257$150$85$21
42 years$666$408$241$138$78$18
43 years$643$389$226$128$70$16
44 years$621$371$212$118$64$14
45 years$601$354$199$109$58$12
46 years$581$337$187$101$53$11
47 years$562$322$176$93$48$9
48 years$544$307$165$86$43$8
49 years$527$294$155$79$39$7
50 years$511$280$146$73$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $523,000, adding $3,877 every year, while hoping to spend $31,697 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: 63/14/23 Blend
58$523,000$523,000$523,000$523,000
59$580,345$552,626$544,520$613,189
60$605,815$545,979$529,036$629,188
61$632,820$537,945$511,971$642,785
62$661,485$528,420$493,238$656,920
63$691,942$517,299$472,748$671,650
64$724,340$504,467$450,405$687,040
65$758,841$489,804$426,111$703,158
66$795,619$473,181$399,763$720,086
67$834,870$454,464$371,252$737,911
68$876,804$433,510$340,467$756,733
69$921,654$410,168$307,288$776,663
70$969,674$384,278$271,594$797,825
71$1,021,144$355,671$233,255$820,358
72$1,076,369$324,167$192,138$844,417
73$1,135,686$289,579$148,102$870,172
74$1,199,464$251,705$101,001$897,817
75$1,268,106$210,336$50,682$927,566
76$1,342,059$165,249$0$959,656
77$1,421,810$116,207$0$995,094
78$1,507,896$62,962$0$1,046,754
79$1,600,905$5,251$0$1,102,557
80$1,701,487$0$0$1,162,910
81$1,810,353$0$0$1,237,078
82$1,928,285$0$0$1,318,331
83$2,056,145$0$0$1,406,456
84$2,194,878$0$0$1,502,110
85$2,345,526$0$0$1,606,016
86$2,509,233$0$0$1,718,966
87$2,687,259$0$0$1,841,834
88$2,880,989$0$0$1,975,583
89$3,091,948$0$0$2,121,269
90$3,321,814$0$0$2,280,057
91$3,572,432$0$0$2,453,228
92$3,845,834$0$0$2,642,191
93$4,144,258$0$0$2,848,498
94$4,470,164$0$0$3,073,858
95$4,826,264$0$0$3,320,151
96$5,215,540$0$0$3,589,449
97$5,641,277$0$0$3,884,029
98$6,107,093$0$0$4,206,403
99$6,616,971$0$0$4,559,335
100$7,175,294$0$0$4,945,868