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%13.6%
1 years$43,437$43,050$42,672$42,304$41,944$41,317
2 years$21,503$21,103$20,715$20,338$19,973$19,343
3 years$14,193$13,791$13,404$13,031$12,672$12,058
4 years$10,539$10,138$9,755$9,388$9,038$8,445
5 years$8,347$7,948$7,570$7,211$6,870$6,300
6 years$6,886$6,490$6,118$5,767$5,436$4,890
7 years$5,843$5,451$5,084$4,741$4,421$3,898
8 years$5,061$4,672$4,311$3,977$3,668$3,168
9 years$4,453$4,068$3,713$3,388$3,089$2,613
10 years$3,967$3,586$3,237$2,920$2,632$2,179
11 years$3,570$3,192$2,850$2,541$2,263$1,833
12 years$3,239$2,865$2,529$2,229$1,961$1,553
13 years$2,959$2,589$2,260$1,968$1,710$1,323
14 years$2,719$2,353$2,031$1,747$1,499$1,133
15 years$2,512$2,150$1,833$1,558$1,320$974
16 years$2,330$1,973$1,662$1,395$1,167$840
17 years$2,171$1,817$1,513$1,253$1,035$726
18 years$2,029$1,679$1,381$1,130$920$629
19 years$1,902$1,556$1,264$1,021$820$547
20 years$1,788$1,446$1,160$924$732$476
21 years$1,685$1,347$1,067$839$655$415
22 years$1,591$1,257$983$763$587$362
23 years$1,506$1,176$908$695$527$316
24 years$1,428$1,102$840$634$474$276
25 years$1,356$1,034$778$579$426$242
26 years$1,290$972$721$529$384$212
27 years$1,229$914$670$484$346$186
28 years$1,172$862$623$444$313$163
29 years$1,120$813$579$407$282$143
30 years$1,071$768$540$373$255$125
31 years$1,025$726$503$343$231$110
32 years$982$687$469$315$209$97
33 years$942$650$438$290$189$85
34 years$904$616$410$267$171$75
35 years$869$584$383$245$155$66
36 years$835$555$358$226$140$58
37 years$804$527$335$208$127$51
38 years$774$501$314$192$115$45
39 years$746$476$294$177$104$39
40 years$719$453$276$163$95$34
41 years$694$431$259$151$86$30
42 years$670$411$243$139$78$27
43 years$647$391$228$128$71$23
44 years$625$373$214$119$64$21
45 years$604$356$201$109$58$18
46 years$584$339$188$101$53$16
47 years$565$324$177$93$48$14
48 years$547$309$166$86$44$12
49 years$530$295$156$80$40$11
50 years$514$282$147$74$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $526,000, adding $2,807 every year, while hoping to spend $37,312 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: 48/45/7 Blend
58$526,000$526,000$526,000$526,000
59$582,547$554,669$546,516$609,301
60$602,268$542,149$525,125$615,399
61$622,749$527,764$501,767$617,844
62$644,029$511,384$476,336$619,623
63$666,149$492,871$448,722$620,685
64$689,153$472,078$418,811$620,975
65$713,088$448,851$386,482$620,436
66$738,004$423,026$351,610$619,009
67$763,954$394,429$314,064$616,631
68$790,999$362,876$273,706$613,236
69$819,198$328,175$230,393$608,756
70$848,621$290,121$183,976$603,119
71$879,340$248,496$134,299$596,251
72$911,434$203,073$81,198$588,072
73$944,986$153,610$24,505$578,503
74$980,090$99,852$0$567,457
75$1,016,843$41,529$0$557,537
76$1,055,354$0$0$548,089
77$1,095,739$0$0$547,919
78$1,138,124$0$0$569,342
79$1,182,648$0$0$591,863
80$1,229,458$0$0$615,562
81$1,278,718$0$0$640,523
82$1,330,604$0$0$666,839
83$1,385,308$0$0$694,610
84$1,443,040$0$0$723,946
85$1,504,028$0$0$754,966
86$1,568,521$0$0$787,801
87$1,636,792$0$0$822,594
88$1,709,137$0$0$859,501
89$1,785,882$0$0$898,692
90$1,867,380$0$0$940,354
91$1,954,020$0$0$984,689
92$2,046,227$0$0$1,031,922
93$2,144,465$0$0$1,082,297
94$2,249,244$0$0$1,136,082
95$2,361,120$0$0$1,193,569
96$2,480,705$0$0$1,255,080
97$2,608,668$0$0$1,320,969
98$2,745,744$0$0$1,391,620
99$2,892,737$0$0$1,467,460
100$3,050,533$0$0$1,548,953