Can I retire at age 59 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$44,097$43,704$43,321$42,947$42,582$41,351
2 years$21,830$21,424$21,030$20,648$20,277$19,047
3 years$14,409$14,001$13,608$13,229$12,865$11,674
4 years$10,699$10,292$9,903$9,531$9,175$8,033
5 years$8,474$8,069$7,685$7,321$6,975$5,884
6 years$6,991$6,589$6,211$5,854$5,519$4,480
7 years$5,932$5,533$5,161$4,813$4,488$3,502
8 years$5,138$4,743$4,377$4,038$3,724$2,789
9 years$4,521$4,130$3,770$3,439$3,136$2,252
10 years$4,027$3,640$3,287$2,965$2,672$1,838
11 years$3,624$3,241$2,894$2,580$2,298$1,512
12 years$3,288$2,909$2,568$2,263$1,991$1,252
13 years$3,004$2,629$2,294$1,998$1,736$1,042
14 years$2,761$2,389$2,061$1,774$1,522$871
15 years$2,550$2,183$1,861$1,582$1,340$731
16 years$2,366$2,003$1,687$1,416$1,184$615
17 years$2,204$1,844$1,536$1,272$1,050$519
18 years$2,059$1,704$1,402$1,147$934$438
19 years$1,931$1,579$1,283$1,036$832$371
20 years$1,815$1,468$1,178$938$743$314
21 years$1,710$1,367$1,083$852$665$267
22 years$1,615$1,276$998$774$596$226
23 years$1,529$1,194$922$705$535$192
24 years$1,450$1,118$853$643$481$164
25 years$1,377$1,049$790$587$433$139
26 years$1,310$986$732$537$390$119
27 years$1,248$928$680$492$352$101
28 years$1,190$875$632$450$317$86
29 years$1,137$825$588$413$286$73
30 years$1,087$779$548$379$259$63
31 years$1,041$737$511$348$234$53
32 years$997$697$477$320$212$46
33 years$956$660$445$294$192$39
34 years$918$626$416$271$173$33
35 years$882$593$389$249$157$28
36 years$848$563$364$230$142$24
37 years$816$535$340$211$129$21
38 years$786$508$319$195$117$18
39 years$757$483$299$180$106$15
40 years$730$460$280$166$96$13
41 years$704$438$262$153$87$11
42 years$680$417$246$141$79$9
43 years$657$397$231$130$72$8
44 years$634$379$217$120$65$7
45 years$613$361$204$111$59$6
46 years$593$344$191$103$54$5
47 years$574$329$180$95$49$4
48 years$556$314$169$88$44$4
49 years$538$300$159$81$40$3
50 years$521$286$149$75$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $534,000, adding $3,485 every year, while hoping to spend $38,817 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: 52/33/15 Blend
58$534,000$534,000$534,000$534,000
59$592,063$563,761$555,484$620,280
60$611,152$550,084$532,791$626,299
61$630,888$534,436$508,038$628,451
62$651,294$516,680$481,113$629,924
63$672,398$496,669$451,903$630,664
64$694,227$474,250$420,285$630,616
65$716,809$449,259$386,136$629,721
66$740,176$421,525$349,324$627,916
67$764,359$390,864$309,711$625,136
68$789,392$357,085$267,155$621,310
69$815,311$319,983$221,505$616,366
70$842,154$279,344$172,607$610,227
71$869,961$234,939$120,297$602,813
72$898,774$186,528$64,404$594,036
73$928,639$133,858$4,751$583,810
74$959,602$76,660$0$572,038
75$991,716$14,650$0$568,051
76$1,025,034$0$0$563,742
77$1,059,613$0$0$577,325
78$1,095,516$0$0$596,957
79$1,132,806$0$0$617,355
80$1,171,555$0$0$638,559
81$1,211,838$0$0$660,609
82$1,253,734$0$0$683,552
83$1,297,329$0$0$707,435
84$1,342,716$0$0$732,310
85$1,389,994$0$0$758,233
86$1,439,270$0$0$785,264
87$1,490,657$0$0$813,467
88$1,544,281$0$0$842,912
89$1,600,274$0$0$873,674
90$1,658,780$0$0$905,835
91$1,719,954$0$0$939,482
92$1,783,967$0$0$974,711
93$1,850,998$0$0$1,011,624
94$1,921,246$0$0$1,050,333
95$1,994,926$0$0$1,090,960
96$2,072,268$0$0$1,133,636
97$2,153,526$0$0$1,178,503
98$2,238,974$0$0$1,225,718
99$2,328,909$0$0$1,275,450
100$2,423,657$0$0$1,327,883