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%12.5%
1 years$43,602$43,213$42,834$42,465$42,103$41,664
2 years$21,585$21,183$20,793$20,416$20,049$19,606
3 years$14,247$13,843$13,455$13,081$12,720$12,288
4 years$10,579$10,176$9,792$9,424$9,072$8,654
5 years$8,378$7,978$7,599$7,238$6,896$6,493
6 years$6,912$6,515$6,141$5,789$5,457$5,070
7 years$5,865$5,471$5,103$4,759$4,438$4,067
8 years$5,080$4,690$4,328$3,992$3,682$3,326
9 years$4,470$4,083$3,728$3,401$3,101$2,761
10 years$3,982$3,599$3,250$2,931$2,642$2,317
11 years$3,583$3,204$2,861$2,551$2,272$1,963
12 years$3,251$2,876$2,539$2,238$1,969$1,675
13 years$2,970$2,599$2,269$1,976$1,717$1,437
14 years$2,730$2,362$2,038$1,754$1,505$1,240
15 years$2,521$2,158$1,840$1,564$1,325$1,073
16 years$2,339$1,980$1,668$1,400$1,171$933
17 years$2,179$1,824$1,518$1,258$1,038$813
18 years$2,036$1,685$1,386$1,134$923$710
19 years$1,909$1,562$1,269$1,025$823$622
20 years$1,795$1,451$1,164$928$735$546
21 years$1,691$1,352$1,071$842$658$479
22 years$1,597$1,262$987$766$590$422
23 years$1,512$1,180$911$697$529$372
24 years$1,433$1,106$843$636$476$328
25 years$1,361$1,038$781$581$428$289
26 years$1,295$975$724$531$386$256
27 years$1,234$918$672$486$348$226
28 years$1,177$865$625$445$314$200
29 years$1,124$816$582$408$283$177
30 years$1,075$770$542$375$256$157
31 years$1,029$728$505$344$231$139
32 years$986$689$471$316$209$123
33 years$946$653$440$291$189$109
34 years$908$619$411$268$172$97
35 years$872$587$384$246$155$86
36 years$839$557$360$227$141$76
37 years$807$529$337$209$128$68
38 years$777$503$315$193$116$60
39 years$749$478$295$178$105$53
40 years$722$455$277$164$95$47
41 years$696$433$260$151$86$42
42 years$672$412$243$140$78$37
43 years$649$393$228$129$71$33
44 years$627$374$214$119$65$29
45 years$606$357$201$110$59$26
46 years$587$341$189$101$53$23
47 years$568$325$178$94$48$21
48 years$549$310$167$87$44$18
49 years$532$296$157$80$40$16
50 years$516$283$148$74$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $528,000, adding $3,604 every year, while hoping to spend $37,432 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: 35/37/28 Blend
58$528,000$528,000$528,000$528,000
59$585,574$557,590$549,406$601,025
60$605,475$545,084$527,983$600,400
61$626,151$530,711$504,589$596,106
62$647,643$514,340$479,116$590,752
63$669,991$495,832$451,456$584,268
64$693,243$475,040$421,492$576,582
65$717,445$451,809$389,104$567,618
66$742,652$425,975$354,166$557,295
67$768,918$397,363$316,546$545,530
68$796,305$365,791$276,108$532,236
69$824,877$331,064$232,707$517,320
70$854,706$292,977$186,193$500,687
71$885,865$251,313$136,411$482,236
72$918,439$205,843$83,196$461,863
73$952,515$156,324$26,378$439,460
74$988,189$102,501$0$414,912
75$1,025,565$44,105$0$398,336
76$1,064,756$0$0$388,448
77$1,105,884$0$0$385,088
78$1,149,081$0$0$400,444
79$1,194,492$0$0$416,612
80$1,242,273$0$0$433,652
81$1,292,595$0$0$451,628
82$1,345,644$0$0$470,610
83$1,401,622$0$0$490,676
84$1,460,749$0$0$511,909
85$1,523,266$0$0$534,399
86$1,589,435$0$0$558,248
87$1,659,544$0$0$583,562
88$1,733,906$0$0$610,463
89$1,812,863$0$0$639,080
90$1,896,790$0$0$669,556
91$1,986,096$0$0$702,048
92$2,081,230$0$0$736,725
93$2,182,683$0$0$773,777
94$2,290,993$0$0$813,407
95$2,406,750$0$0$855,842
96$2,530,599$0$0$901,329
97$2,663,249$0$0$950,139
98$2,805,478$0$0$1,002,568
99$2,958,136$0$0$1,058,944
100$3,122,161$0$0$1,119,625