Can I retire at age 59 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$43,271$42,886$42,510$42,143$41,784$40,496
2 years$21,422$21,023$20,636$20,261$19,897$18,610
3 years$14,139$13,738$13,353$12,981$12,624$11,378
4 years$10,499$10,099$9,717$9,352$9,003$7,810
5 years$8,315$7,918$7,541$7,184$6,844$5,705
6 years$6,860$6,466$6,094$5,745$5,416$4,332
7 years$5,821$5,430$5,064$4,723$4,404$3,377
8 years$5,042$4,654$4,295$3,962$3,654$2,681
9 years$4,436$4,052$3,699$3,375$3,077$2,158
10 years$3,952$3,572$3,225$2,909$2,622$1,756
11 years$3,556$3,180$2,839$2,532$2,255$1,440
12 years$3,226$2,854$2,520$2,221$1,954$1,189
13 years$2,948$2,579$2,251$1,961$1,704$986
14 years$2,709$2,345$2,023$1,740$1,494$821
15 years$2,502$2,142$1,826$1,552$1,315$687
16 years$2,322$1,965$1,656$1,390$1,162$576
17 years$2,162$1,810$1,507$1,249$1,031$484
18 years$2,021$1,672$1,375$1,125$916$407
19 years$1,894$1,550$1,259$1,017$817$343
20 years$1,781$1,440$1,156$921$730$290
21 years$1,678$1,341$1,063$836$653$245
22 years$1,585$1,252$980$760$585$207
23 years$1,500$1,171$905$692$525$175
24 years$1,422$1,097$837$631$472$149
25 years$1,351$1,030$775$576$425$126
26 years$1,285$968$719$527$383$107
27 years$1,224$911$667$482$345$91
28 years$1,168$858$620$442$311$77
29 years$1,115$810$577$405$281$65
30 years$1,067$765$538$372$254$55
31 years$1,021$723$501$342$230$47
32 years$978$684$468$314$208$40
33 years$938$648$437$289$188$34
34 years$901$614$408$266$170$29
35 years$866$582$381$245$154$25
36 years$832$553$357$225$140$21
37 years$801$525$334$208$127$18
38 years$771$499$313$191$115$15
39 years$743$474$293$176$104$13
40 years$716$451$275$163$94$11
41 years$691$430$258$150$86$9
42 years$667$409$242$139$78$8
43 years$644$390$227$128$71$7
44 years$623$372$213$118$64$6
45 years$602$354$200$109$58$5
46 years$582$338$188$101$53$4
47 years$563$323$176$93$48$3
48 years$545$308$166$86$44$3
49 years$528$294$156$79$40$3
50 years$512$281$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 $524,000, adding $4,022 every year, while hoping to spend $28,490 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: 88/6/6 Blend
58$524,000$524,000$524,000$524,000
59$581,597$553,825$545,703$632,313
60$610,606$550,649$533,671$662,763
61$641,620$546,363$520,281$691,830
62$674,813$540,882$505,457$722,847
63$710,375$534,116$489,121$755,991
64$748,516$525,971$471,190$791,454
65$789,467$516,345$451,577$829,447
66$833,479$505,133$430,191$870,202
67$880,831$492,222$406,940$913,977
68$931,827$477,491$381,723$961,051
69$986,800$460,815$354,437$1,011,737
70$1,046,118$442,060$324,976$1,066,373
71$1,110,184$421,083$293,225$1,125,336
72$1,179,442$397,735$259,067$1,189,040
73$1,254,379$371,858$222,380$1,257,938
74$1,335,531$343,284$183,034$1,332,533
75$1,423,486$311,836$140,897$1,413,375
76$1,518,892$277,327$95,827$1,501,073
77$1,622,461$239,558$47,680$1,596,296
78$1,734,976$198,320$0$1,699,781
79$1,857,299$153,393$0$1,812,576
80$1,990,378$104,544$0$1,938,612
81$2,135,255$51,525$0$2,075,829
82$2,293,079$0$0$2,225,324
83$2,465,111$0$0$2,388,695
84$2,652,741$0$0$2,570,593
85$2,857,500$0$0$2,769,099
86$3,081,071$0$0$2,985,847
87$3,325,308$0$0$3,222,633
88$3,592,251$0$0$3,481,437
89$3,884,146$0$0$3,764,437
90$4,203,468$0$0$4,074,031
91$4,552,939$0$0$4,412,861
92$4,935,559$0$0$4,783,835
93$5,354,630$0$0$5,190,156
94$5,813,790$0$0$5,635,349
95$6,317,042$0$0$6,123,301
96$6,868,799$0$0$6,658,287
97$7,473,919$0$0$7,245,020
98$8,137,753$0$0$7,888,689
99$8,866,195$0$0$8,595,009
100$9,665,738$0$0$9,370,276