Can I retire at age 59 with 526,000?

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 $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%16.2%
1 years$43,437$43,050$42,672$42,304$41,944$40,880
2 years$21,503$21,103$20,715$20,338$19,973$18,909
3 years$14,193$13,791$13,404$13,031$12,672$11,639
4 years$10,539$10,138$9,755$9,388$9,038$8,045
5 years$8,347$7,948$7,570$7,211$6,870$5,921
6 years$6,886$6,490$6,118$5,767$5,436$4,531
7 years$5,843$5,451$5,084$4,741$4,421$3,560
8 years$5,061$4,672$4,311$3,977$3,668$2,850
9 years$4,453$4,068$3,713$3,388$3,089$2,314
10 years$3,967$3,586$3,237$2,920$2,632$1,899
11 years$3,570$3,192$2,850$2,541$2,263$1,571
12 years$3,239$2,865$2,529$2,229$1,961$1,309
13 years$2,959$2,589$2,260$1,968$1,710$1,096
14 years$2,719$2,353$2,031$1,747$1,499$922
15 years$2,512$2,150$1,833$1,558$1,320$778
16 years$2,330$1,973$1,662$1,395$1,167$659
17 years$2,171$1,817$1,513$1,253$1,035$559
18 years$2,029$1,679$1,381$1,130$920$476
19 years$1,902$1,556$1,264$1,021$820$405
20 years$1,788$1,446$1,160$924$732$346
21 years$1,685$1,347$1,067$839$655$296
22 years$1,591$1,257$983$763$587$253
23 years$1,506$1,176$908$695$527$216
24 years$1,428$1,102$840$634$474$185
25 years$1,356$1,034$778$579$426$159
26 years$1,290$972$721$529$384$136
27 years$1,229$914$670$484$346$117
28 years$1,172$862$623$444$313$100
29 years$1,120$813$579$407$282$86
30 years$1,071$768$540$373$255$74
31 years$1,025$726$503$343$231$64
32 years$982$687$469$315$209$55
33 years$942$650$438$290$189$47
34 years$904$616$410$267$171$40
35 years$869$584$383$245$155$35
36 years$835$555$358$226$140$30
37 years$804$527$335$208$127$26
38 years$774$501$314$192$115$22
39 years$746$476$294$177$104$19
40 years$719$453$276$163$95$16
41 years$694$431$259$151$86$14
42 years$670$411$243$139$78$12
43 years$647$391$228$128$71$10
44 years$625$373$214$119$64$9
45 years$604$356$201$109$58$8
46 years$584$339$188$101$53$7
47 years$565$324$177$93$48$6
48 years$547$309$166$86$44$5
49 years$530$295$156$80$40$4
50 years$514$282$147$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $526,000, adding $6,505 every year, while hoping to spend $36,849 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: 35/45/20 Blend
58$526,000$526,000$526,000$526,000
59$586,362$558,484$550,331$603,113
60$606,964$546,643$529,560$604,135
61$628,432$532,986$506,858$601,356
62$650,816$517,386$482,122$597,595
63$674,169$499,708$455,243$592,786
64$698,549$479,808$426,108$586,861
65$724,017$457,535$394,599$579,747
66$750,641$432,729$360,592$571,370
67$778,493$405,219$323,959$561,650
68$807,652$374,827$284,563$550,506
69$838,201$341,363$242,266$537,851
70$870,235$304,626$196,918$523,597
71$903,851$264,405$148,367$507,650
72$939,159$220,476$96,453$489,913
73$976,277$172,603$41,008$470,285
74$1,015,332$120,536$0$448,663
75$1,056,465$64,011$0$428,814
76$1,099,826$2,750$0$416,340
77$1,145,582$0$0$402,407
78$1,193,913$0$0$418,401
79$1,245,015$0$0$436,785
80$1,299,103$0$0$456,279
81$1,356,411$0$0$476,972
82$1,417,196$0$0$498,962
83$1,481,738$0$0$522,355
84$1,550,343$0$0$547,267
85$1,623,345$0$0$573,827
86$1,701,112$0$0$602,175
87$1,784,045$0$0$632,463
88$1,872,584$0$0$664,860
89$1,967,211$0$0$699,549
90$2,068,454$0$0$736,734
91$2,176,893$0$0$776,635
92$2,293,162$0$0$819,495
93$2,417,958$0$0$865,583
94$2,552,047$0$0$915,189
95$2,696,268$0$0$968,638
96$2,851,542$0$0$1,026,281
97$3,018,883$0$0$1,088,507
98$3,199,401$0$0$1,155,743
99$3,394,320$0$0$1,228,457
100$3,604,980$0$0$1,307,166