Can I retire at age 59 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$43,437$43,050$42,672$42,304$41,944$41,610
2 years$21,503$21,103$20,715$20,338$19,973$19,637
3 years$14,193$13,791$13,404$13,031$12,672$12,343
4 years$10,539$10,138$9,755$9,388$9,038$8,719
5 years$8,347$7,948$7,570$7,211$6,870$6,563
6 years$6,886$6,490$6,118$5,767$5,436$5,140
7 years$5,843$5,451$5,084$4,741$4,421$4,137
8 years$5,061$4,672$4,311$3,977$3,668$3,395
9 years$4,453$4,068$3,713$3,388$3,089$2,828
10 years$3,967$3,586$3,237$2,920$2,632$2,383
11 years$3,570$3,192$2,850$2,541$2,263$2,026
12 years$3,239$2,865$2,529$2,229$1,961$1,735
13 years$2,959$2,589$2,260$1,968$1,710$1,495
14 years$2,719$2,353$2,031$1,747$1,499$1,294
15 years$2,512$2,150$1,833$1,558$1,320$1,125
16 years$2,330$1,973$1,662$1,395$1,167$982
17 years$2,171$1,817$1,513$1,253$1,035$859
18 years$2,029$1,679$1,381$1,130$920$754
19 years$1,902$1,556$1,264$1,021$820$663
20 years$1,788$1,446$1,160$924$732$584
21 years$1,685$1,347$1,067$839$655$516
22 years$1,591$1,257$983$763$587$456
23 years$1,506$1,176$908$695$527$403
24 years$1,428$1,102$840$634$474$357
25 years$1,356$1,034$778$579$426$317
26 years$1,290$972$721$529$384$281
27 years$1,229$914$670$484$346$250
28 years$1,172$862$623$444$313$222
29 years$1,120$813$579$407$282$198
30 years$1,071$768$540$373$255$176
31 years$1,025$726$503$343$231$157
32 years$982$687$469$315$209$139
33 years$942$650$438$290$189$124
34 years$904$616$410$267$171$111
35 years$869$584$383$245$155$99
36 years$835$555$358$226$140$88
37 years$804$527$335$208$127$78
38 years$774$501$314$192$115$70
39 years$746$476$294$177$104$62
40 years$719$453$276$163$95$56
41 years$694$431$259$151$86$50
42 years$670$411$243$139$78$44
43 years$647$391$228$128$71$40
44 years$625$373$214$119$64$35
45 years$604$356$201$109$58$32
46 years$584$339$188$101$53$28
47 years$565$324$177$93$48$25
48 years$547$309$166$86$44$23
49 years$530$295$156$80$40$20
50 years$514$282$147$74$36$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $526,000, adding $3,931 every year, while hoping to spend $25,554 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: 44/43/13 Blend
58$526,000$526,000$526,000$526,000
59$583,707$555,829$547,676$607,043
60$616,056$555,875$538,834$623,758
61$650,848$555,067$528,839$638,981
62$688,305$553,336$517,626$654,918
63$728,672$550,610$505,126$671,646
64$772,216$546,809$491,267$689,249
65$819,232$541,853$475,975$707,824
66$870,043$535,653$459,170$727,478
67$925,006$528,119$440,770$748,330
68$984,511$519,151$420,690$770,514
69$1,048,987$508,645$398,840$794,181
70$1,118,908$496,493$375,125$819,496
71$1,194,793$482,578$349,448$846,647
72$1,277,214$466,776$321,706$875,840
73$1,366,799$448,957$291,793$907,309
74$1,464,240$428,983$259,595$941,311
75$1,570,297$406,709$224,997$978,133
76$1,685,809$381,979$187,875$1,018,096
77$1,811,696$354,630$148,104$1,061,555
78$1,948,973$324,491$105,549$1,108,908
79$2,098,755$291,378$60,072$1,160,593
80$2,262,271$255,098$11,527$1,217,100
81$2,440,873$215,448$0$1,278,973
82$2,636,049$172,213$0$1,352,402
83$2,849,439$125,165$0$1,434,540
84$3,082,848$74,063$0$1,524,553
85$3,338,261$18,655$0$1,623,289
86$3,617,866$0$0$1,731,688
87$3,924,073$0$0$1,870,347
88$4,259,534$0$0$2,031,986
89$4,627,171$0$0$2,209,195
90$5,030,202$0$0$2,403,532
91$5,472,171$0$0$2,616,715
92$5,956,980$0$0$2,850,635
93$6,488,929$0$0$3,107,377
94$7,072,754$0$0$3,389,234
95$7,713,670$0$0$3,698,735
96$8,417,424$0$0$4,038,665
97$9,190,345$0$0$4,412,091
98$10,039,406$0$0$4,822,394
99$10,972,288$0$0$5,273,296
100$11,997,453$0$0$5,768,899