Can I retire at age 59 with 528,000?

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 $528,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$43,602$43,213$42,834$42,465$42,103$40,626
2 years$21,585$21,183$20,793$20,416$20,049$18,576
3 years$14,247$13,843$13,455$13,081$12,720$11,298
4 years$10,579$10,176$9,792$9,424$9,072$7,711
5 years$8,378$7,978$7,599$7,238$6,896$5,601
6 years$6,912$6,515$6,141$5,789$5,457$4,227
7 years$5,865$5,471$5,103$4,759$4,438$3,274
8 years$5,080$4,690$4,328$3,992$3,682$2,583
9 years$4,470$4,083$3,728$3,401$3,101$2,066
10 years$3,982$3,599$3,250$2,931$2,642$1,669
11 years$3,583$3,204$2,861$2,551$2,272$1,359
12 years$3,251$2,876$2,539$2,238$1,969$1,113
13 years$2,970$2,599$2,269$1,976$1,717$917
14 years$2,730$2,362$2,038$1,754$1,505$758
15 years$2,521$2,158$1,840$1,564$1,325$629
16 years$2,339$1,980$1,668$1,400$1,171$523
17 years$2,179$1,824$1,518$1,258$1,038$436
18 years$2,036$1,685$1,386$1,134$923$364
19 years$1,909$1,562$1,269$1,025$823$304
20 years$1,795$1,451$1,164$928$735$255
21 years$1,691$1,352$1,071$842$658$213
22 years$1,597$1,262$987$766$590$179
23 years$1,512$1,180$911$697$529$150
24 years$1,433$1,106$843$636$476$126
25 years$1,361$1,038$781$581$428$106
26 years$1,295$975$724$531$386$89
27 years$1,234$918$672$486$348$75
28 years$1,177$865$625$445$314$63
29 years$1,124$816$582$408$283$53
30 years$1,075$770$542$375$256$45
31 years$1,029$728$505$344$231$38
32 years$986$689$471$316$209$32
33 years$946$653$440$291$189$27
34 years$908$619$411$268$172$22
35 years$872$587$384$246$155$19
36 years$839$557$360$227$141$16
37 years$807$529$337$209$128$13
38 years$777$503$315$193$116$11
39 years$749$478$295$178$105$9
40 years$722$455$277$164$95$8
41 years$696$433$260$151$86$7
42 years$672$412$243$140$78$6
43 years$649$393$228$129$71$5
44 years$627$374$214$119$65$4
45 years$606$357$201$110$59$3
46 years$587$341$189$101$53$3
47 years$568$325$178$94$48$2
48 years$549$310$167$87$44$2
49 years$532$296$157$80$40$2
50 years$516$283$148$74$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $528,000, adding $2,261 every year, while hoping to spend $30,204 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: 81/7/12 Blend
58$528,000$528,000$528,000$528,000
59$584,188$556,204$548,020$630,056
60$611,639$551,321$534,242$655,596
61$640,877$545,187$518,990$679,443
62$672,053$537,708$502,183$704,732
63$705,332$528,785$483,736$731,592
64$740,894$518,314$463,559$760,164
65$778,938$506,184$441,561$790,607
66$819,680$492,278$417,644$823,093
67$863,358$476,470$391,706$857,814
68$910,234$458,631$363,641$894,979
69$960,594$438,619$333,339$934,821
70$1,014,752$416,289$300,684$977,594
71$1,073,054$391,485$265,554$1,023,582
72$1,135,879$364,041$227,824$1,073,094
73$1,203,644$333,784$187,360$1,126,474
74$1,276,805$300,529$144,027$1,184,100
75$1,355,866$264,082$97,678$1,246,388
76$1,441,379$224,237$48,166$1,313,797
77$1,533,952$180,777$0$1,386,836
78$1,634,252$133,472$0$1,466,660
79$1,743,014$82,080$0$1,559,910
80$1,861,045$26,345$0$1,661,112
81$1,989,232$0$0$1,771,039
82$2,128,553$0$0$1,893,162
83$2,280,082$0$0$2,028,204
84$2,445,001$0$0$2,175,192
85$2,624,610$0$0$2,335,287
86$2,820,342$0$0$2,509,765
87$3,033,771$0$0$2,700,032
88$3,266,631$0$0$2,907,637
89$3,520,831$0$0$3,134,281
90$3,798,470$0$0$3,381,840
91$4,101,862$0$0$3,652,378
92$4,433,552$0$0$3,948,167
93$4,796,343$0$0$4,271,709
94$5,193,322$0$0$4,625,757
95$5,627,887$0$0$5,013,347
96$6,103,780$0$0$5,437,817
97$6,625,123$0$0$5,902,846
98$7,196,454$0$0$6,412,484
99$7,822,770$0$0$6,971,194
100$8,509,578$0$0$7,583,888