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%11.4%
1 years$43,767$43,377$42,997$42,625$42,263$42,014
2 years$21,667$21,263$20,872$20,493$20,125$19,874
3 years$14,301$13,896$13,506$13,130$12,768$12,523
4 years$10,619$10,215$9,829$9,459$9,106$8,868
5 years$8,410$8,009$7,627$7,266$6,923$6,693
6 years$6,938$6,540$6,164$5,811$5,478$5,256
7 years$5,887$5,492$5,122$4,777$4,455$4,242
8 years$5,099$4,708$4,344$4,007$3,696$3,491
9 years$4,487$4,099$3,742$3,413$3,112$2,917
10 years$3,997$3,613$3,262$2,942$2,652$2,465
11 years$3,597$3,216$2,872$2,561$2,281$2,102
12 years$3,263$2,887$2,549$2,246$1,976$1,806
13 years$2,981$2,609$2,277$1,983$1,723$1,561
14 years$2,740$2,371$2,046$1,760$1,511$1,356
15 years$2,531$2,166$1,847$1,570$1,330$1,183
16 years$2,348$1,988$1,675$1,406$1,176$1,035
17 years$2,187$1,830$1,524$1,263$1,042$909
18 years$2,044$1,691$1,391$1,138$927$801
19 years$1,916$1,568$1,274$1,028$826$707
20 years$1,801$1,457$1,169$931$738$625
21 years$1,697$1,357$1,075$845$660$554
22 years$1,603$1,267$991$769$592$491
23 years$1,517$1,185$915$700$531$436
24 years$1,439$1,110$846$638$478$388
25 years$1,366$1,042$784$583$430$345
26 years$1,300$979$727$533$387$308
27 years$1,238$921$675$488$349$275
28 years$1,181$868$627$447$315$245
29 years$1,128$819$584$410$284$219
30 years$1,079$773$544$376$257$195
31 years$1,033$731$507$346$232$175
32 years$990$692$473$318$210$156
33 years$949$655$442$292$190$140
34 years$911$621$413$269$172$125
35 years$875$589$386$247$156$112
36 years$842$559$361$228$141$100
37 years$810$531$338$210$128$90
38 years$780$505$316$193$116$81
39 years$752$480$296$178$105$72
40 years$725$456$278$165$95$65
41 years$699$435$261$152$87$58
42 years$675$414$244$140$79$52
43 years$652$394$229$129$71$47
44 years$630$376$215$119$65$42
45 years$609$358$202$110$59$37
46 years$589$342$190$102$53$34
47 years$570$326$178$94$48$30
48 years$552$311$168$87$44$27
49 years$534$297$158$80$40$24
50 years$517$284$148$74$36$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $530,000, adding $2,489 every year, while hoping to spend $38,368 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: 67/16/17 Blend
58$530,000$530,000$530,000$530,000
59$586,627$558,537$550,322$623,354
60$605,640$545,082$527,935$634,753
61$625,306$529,682$503,512$642,503
62$645,652$512,201$476,944$650,031
63$666,705$492,495$448,117$657,315
64$688,493$470,412$416,914$664,330
65$711,049$445,791$383,210$671,048
66$734,403$418,463$346,875$677,444
67$758,590$388,246$307,774$683,488
68$783,647$354,951$265,765$689,150
69$809,612$318,376$220,701$694,400
70$836,525$278,309$172,427$699,204
71$864,430$234,525$120,782$703,528
72$893,373$186,788$65,599$707,338
73$923,401$134,845$6,701$710,596
74$954,568$78,433$0$713,264
75$986,929$17,271$0$725,489
76$1,020,544$0$0$739,004
77$1,055,474$0$0$761,201
78$1,091,789$0$0$787,444
79$1,129,561$0$0$814,745
80$1,168,868$0$0$843,159
81$1,209,792$0$0$872,750
82$1,252,425$0$0$903,582
83$1,296,861$0$0$935,726
84$1,343,206$0$0$969,257
85$1,391,572$0$0$1,004,259
86$1,442,078$0$0$1,040,819
87$1,494,856$0$0$1,079,034
88$1,550,046$0$0$1,119,005
89$1,607,801$0$0$1,160,847
90$1,668,286$0$0$1,204,678
91$1,731,681$0$0$1,250,631
92$1,798,178$0$0$1,298,849
93$1,867,988$0$0$1,349,485
94$1,941,341$0$0$1,402,708
95$2,018,484$0$0$1,458,700
96$2,099,688$0$0$1,517,660
97$2,185,248$0$0$1,579,805
98$2,275,484$0$0$1,645,369
99$2,370,745$0$0$1,714,611
100$2,471,412$0$0$1,787,810