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%17.9%
1 years$43,271$42,886$42,510$42,143$41,784$40,447
2 years$21,422$21,023$20,636$20,261$19,897$18,562
3 years$14,139$13,738$13,353$12,981$12,624$11,333
4 years$10,499$10,099$9,717$9,352$9,003$7,766
5 years$8,315$7,918$7,541$7,184$6,844$5,665
6 years$6,860$6,466$6,094$5,745$5,416$4,295
7 years$5,821$5,430$5,064$4,723$4,404$3,342
8 years$5,042$4,654$4,295$3,962$3,654$2,649
9 years$4,436$4,052$3,699$3,375$3,077$2,128
10 years$3,952$3,572$3,225$2,909$2,622$1,728
11 years$3,556$3,180$2,839$2,532$2,255$1,414
12 years$3,226$2,854$2,520$2,221$1,954$1,165
13 years$2,948$2,579$2,251$1,961$1,704$965
14 years$2,709$2,345$2,023$1,740$1,494$802
15 years$2,502$2,142$1,826$1,552$1,315$669
16 years$2,322$1,965$1,656$1,390$1,162$560
17 years$2,162$1,810$1,507$1,249$1,031$469
18 years$2,021$1,672$1,375$1,125$916$394
19 years$1,894$1,550$1,259$1,017$817$331
20 years$1,781$1,440$1,156$921$730$279
21 years$1,678$1,341$1,063$836$653$235
22 years$1,585$1,252$980$760$585$199
23 years$1,500$1,171$905$692$525$168
24 years$1,422$1,097$837$631$472$142
25 years$1,351$1,030$775$576$425$120
26 years$1,285$968$719$527$383$101
27 years$1,224$911$667$482$345$86
28 years$1,168$858$620$442$311$73
29 years$1,115$810$577$405$281$62
30 years$1,067$765$538$372$254$52
31 years$1,021$723$501$342$230$44
32 years$978$684$468$314$208$37
33 years$938$648$437$289$188$32
34 years$901$614$408$266$170$27
35 years$866$582$381$245$154$23
36 years$832$553$357$225$140$19
37 years$801$525$334$208$127$16
38 years$771$499$313$191$115$14
39 years$743$474$293$176$104$12
40 years$716$451$275$163$94$10
41 years$691$430$258$150$86$8
42 years$667$409$242$139$78$7
43 years$644$390$227$128$71$6
44 years$623$372$213$118$64$5
45 years$602$354$200$109$58$4
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$2
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 $4,017 every year, while hoping to spend $21,895 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: 58/17/25 Blend
58$524,000$524,000$524,000$524,000
59$581,592$553,820$545,698$611,173
60$617,618$557,661$540,682$635,670
61$656,585$560,956$534,765$659,691
62$698,770$563,656$527,893$685,417
63$744,476$565,707$520,010$713,019
64$794,040$567,054$511,057$742,686
65$847,828$567,636$500,974$774,627
66$906,246$567,389$489,695$809,073
67$969,738$566,247$477,156$846,278
68$1,038,795$564,137$463,284$886,525
69$1,113,956$560,982$448,007$930,126
70$1,195,812$556,704$431,248$977,426
71$1,285,017$551,214$412,928$1,028,806
72$1,382,289$544,424$392,961$1,084,687
73$1,488,418$536,236$371,261$1,145,534
74$1,604,274$526,549$347,735$1,211,862
75$1,730,815$515,255$322,289$1,284,239
76$1,869,094$502,238$294,821$1,363,291
77$2,020,272$487,378$265,228$1,449,714
78$2,185,627$470,547$233,401$1,544,272
79$2,366,566$451,609$199,225$1,647,810
80$2,564,638$430,420$162,581$1,761,264
81$2,781,548$406,828$123,345$1,885,663
82$3,019,176$380,672$81,387$2,022,147
83$3,279,590$351,783$36,571$2,171,972
84$3,565,069$319,981$0$2,336,527
85$3,878,122$285,076$0$2,520,346
86$4,221,513$246,868$0$2,732,723
87$4,598,286$205,143$0$2,965,801
88$5,011,795$159,679$0$3,221,682
89$5,465,733$110,238$0$3,502,685
90$5,964,169$56,570$0$3,811,365
91$6,511,584$0$0$4,150,541
92$7,112,916$0$0$4,523,613
93$7,773,605$0$0$4,945,185
94$8,499,642$0$0$5,408,501
95$9,297,628$0$0$5,917,782
96$10,174,836$0$0$6,477,674
97$11,139,278$0$0$7,093,298
98$12,199,781$0$0$7,770,295
99$13,366,071$0$0$8,514,881
100$14,648,862$0$0$9,333,902