Can I retire at age 59 with 531,000?

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 $531,000?

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$43,849$43,459$43,078$42,706$42,343$42,076
2 years$21,708$21,303$20,912$20,532$20,163$19,894
3 years$14,328$13,922$13,531$13,155$12,792$12,529
4 years$10,639$10,234$9,847$9,477$9,124$8,868
5 years$8,426$8,024$7,642$7,279$6,936$6,689
6 years$6,951$6,552$6,176$5,821$5,488$5,251
7 years$5,898$5,502$5,132$4,786$4,463$4,235
8 years$5,109$4,716$4,352$4,015$3,703$3,484
9 years$4,495$4,107$3,749$3,420$3,118$2,909
10 years$4,005$3,620$3,268$2,948$2,657$2,456
11 years$3,603$3,222$2,877$2,566$2,285$2,093
12 years$3,269$2,892$2,554$2,250$1,980$1,797
13 years$2,987$2,614$2,281$1,987$1,727$1,552
14 years$2,745$2,376$2,050$1,764$1,514$1,348
15 years$2,536$2,170$1,851$1,573$1,333$1,175
16 years$2,353$1,991$1,678$1,408$1,178$1,028
17 years$2,191$1,834$1,527$1,265$1,044$902
18 years$2,048$1,695$1,394$1,140$929$794
19 years$1,920$1,571$1,276$1,030$828$700
20 years$1,805$1,459$1,171$933$739$619
21 years$1,701$1,359$1,077$847$662$548
22 years$1,606$1,269$993$770$593$486
23 years$1,520$1,187$917$701$532$431
24 years$1,441$1,112$848$640$478$383
25 years$1,369$1,044$785$584$431$341
26 years$1,302$981$728$534$388$303
27 years$1,241$923$676$489$350$270
28 years$1,183$870$629$448$315$241
29 years$1,130$821$585$411$285$215
30 years$1,081$775$545$377$257$192
31 years$1,035$733$508$346$233$172
32 years$991$693$474$318$211$153
33 years$951$656$443$293$191$137
34 years$913$622$413$269$172$123
35 years$877$590$387$248$156$110
36 years$843$560$362$228$142$98
37 years$812$532$338$210$128$88
38 years$781$506$317$194$116$79
39 years$753$481$297$179$105$70
40 years$726$457$278$165$96$63
41 years$700$435$261$152$87$56
42 years$676$415$245$140$79$51
43 years$653$395$230$130$71$45
44 years$631$377$216$120$65$41
45 years$610$359$202$110$59$36
46 years$590$343$190$102$53$33
47 years$571$327$179$94$49$29
48 years$553$312$168$87$44$26
49 years$535$298$158$81$40$23
50 years$518$285$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 $531,000, adding $5,230 every year, while hoping to spend $38,656 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: 53/20/27 Blend
58$531,000$531,000$531,000$531,000
59$590,557$562,414$554,183$617,164
60$609,664$548,842$531,619$622,571
61$629,424$533,310$507,003$624,080
62$649,864$515,681$480,226$624,944
63$671,010$495,809$451,173$625,119
64$692,891$473,542$419,725$624,556
65$715,537$448,716$385,757$623,202
66$738,980$421,162$349,138$621,006
67$763,254$390,697$309,732$617,909
68$788,394$357,129$267,396$613,853
69$814,437$320,256$221,982$608,777
70$841,425$279,863$173,333$602,614
71$869,398$235,724$121,288$595,298
72$898,403$187,601$65,677$586,757
73$928,486$135,239$6,323$576,917
74$959,699$78,373$0$565,700
75$992,095$16,721$0$569,450
76$1,025,733$0$0$574,670
77$1,060,674$0$0$590,513
78$1,096,984$0$0$610,807
79$1,134,733$0$0$631,913
80$1,173,997$0$0$653,874
81$1,214,857$0$0$676,737
82$1,257,400$0$0$700,551
83$1,301,719$0$0$725,370
84$1,347,914$0$0$751,251
85$1,396,094$0$0$778,256
86$1,446,376$0$0$806,454
87$1,498,884$0$0$835,915
88$1,553,755$0$0$866,718
89$1,611,135$0$0$898,947
90$1,671,183$0$0$932,694
91$1,734,071$0$0$968,058
92$1,799,985$0$0$1,005,146
93$1,869,128$0$0$1,044,076
94$1,941,717$0$0$1,084,973
95$2,017,991$0$0$1,127,975
96$2,098,210$0$0$1,173,231
97$2,182,653$0$0$1,220,906
98$2,271,629$0$0$1,271,175
99$2,365,469$0$0$1,324,232
100$2,464,539$0$0$1,380,288