Can I retire at age 59 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$43,767$43,377$42,997$42,625$42,263$41,997
2 years$21,667$21,263$20,872$20,493$20,125$19,857
3 years$14,301$13,896$13,506$13,130$12,768$12,506
4 years$10,619$10,215$9,829$9,459$9,106$8,852
5 years$8,410$8,009$7,627$7,266$6,923$6,677
6 years$6,938$6,540$6,164$5,811$5,478$5,241
7 years$5,887$5,492$5,122$4,777$4,455$4,227
8 years$5,099$4,708$4,344$4,007$3,696$3,477
9 years$4,487$4,099$3,742$3,413$3,112$2,903
10 years$3,997$3,613$3,262$2,942$2,652$2,452
11 years$3,597$3,216$2,872$2,561$2,281$2,089
12 years$3,263$2,887$2,549$2,246$1,976$1,794
13 years$2,981$2,609$2,277$1,983$1,723$1,549
14 years$2,740$2,371$2,046$1,760$1,511$1,345
15 years$2,531$2,166$1,847$1,570$1,330$1,173
16 years$2,348$1,988$1,675$1,406$1,176$1,026
17 years$2,187$1,830$1,524$1,263$1,042$901
18 years$2,044$1,691$1,391$1,138$927$792
19 years$1,916$1,568$1,274$1,028$826$699
20 years$1,801$1,457$1,169$931$738$618
21 years$1,697$1,357$1,075$845$660$547
22 years$1,603$1,267$991$769$592$485
23 years$1,517$1,185$915$700$531$430
24 years$1,439$1,110$846$638$478$382
25 years$1,366$1,042$784$583$430$340
26 years$1,300$979$727$533$387$303
27 years$1,238$921$675$488$349$270
28 years$1,181$868$627$447$315$241
29 years$1,128$819$584$410$284$215
30 years$1,079$773$544$376$257$192
31 years$1,033$731$507$346$232$171
32 years$990$692$473$318$210$153
33 years$949$655$442$292$190$137
34 years$911$621$413$269$172$122
35 years$875$589$386$247$156$109
36 years$842$559$361$228$141$98
37 years$810$531$338$210$128$88
38 years$780$505$316$193$116$78
39 years$752$480$296$178$105$70
40 years$725$456$278$165$95$63
41 years$699$435$261$152$87$56
42 years$675$414$244$140$79$50
43 years$652$394$229$129$71$45
44 years$630$376$215$119$65$40
45 years$609$358$202$110$59$36
46 years$589$342$190$102$53$33
47 years$570$326$178$94$48$29
48 years$552$311$168$87$44$26
49 years$534$297$158$80$40$23
50 years$517$284$148$74$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $530,000, adding $5,924 every year, while hoping to spend $21,401 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: 49/43/8 Blend
58$530,000$530,000$530,000$530,000
59$590,171$562,081$553,866$617,561
60$627,598$566,852$549,650$641,704
61$668,125$571,140$544,575$665,155
62$712,046$574,898$538,591$690,127
63$759,684$578,077$531,643$716,766
64$811,393$580,625$523,675$745,237
65$867,565$582,486$514,628$775,720
66$928,630$583,600$504,440$808,415
67$995,058$583,905$493,047$843,545
68$1,067,371$583,333$480,382$881,353
69$1,146,141$581,815$466,373$922,112
70$1,231,997$579,273$450,946$966,120
71$1,325,633$575,630$434,024$1,013,711
72$1,427,810$570,798$415,527$1,065,250
73$1,539,369$564,689$395,369$1,121,145
74$1,661,233$557,208$373,463$1,181,842
75$1,794,420$548,253$349,715$1,247,839
76$1,940,050$537,716$324,030$1,319,684
77$2,099,357$525,485$296,306$1,397,984
78$2,273,697$511,440$266,438$1,483,409
79$2,464,566$495,453$234,316$1,576,700
80$2,673,612$477,390$199,825$1,678,676
81$2,902,646$457,107$162,845$1,790,242
82$3,153,665$434,455$123,250$1,912,398
83$3,428,870$409,275$80,910$2,046,249
84$3,730,682$381,396$35,687$2,193,015
85$4,061,769$350,642$0$2,354,045
86$4,425,069$316,823$0$2,531,902
87$4,823,819$279,740$0$2,730,478
88$5,261,585$239,184$0$2,948,553
89$5,742,293$194,931$0$3,188,150
90$6,270,271$146,746$0$3,451,497
91$6,850,283$94,381$0$3,741,055
92$7,487,581$37,575$0$4,059,543
93$8,187,948$0$0$4,409,958
94$8,957,757$0$0$4,806,942
95$9,804,027$0$0$5,262,963
96$10,734,493$0$0$5,764,419
97$11,757,676$0$0$6,315,910
98$12,882,963$0$0$6,922,503
99$14,120,700$0$0$7,589,784
100$15,482,281$0$0$8,323,904