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%12.4%
1 years$44,097$43,704$43,321$42,947$42,582$42,155
2 years$21,830$21,424$21,030$20,648$20,277$19,847
3 years$14,409$14,001$13,608$13,229$12,865$12,445
4 years$10,699$10,292$9,903$9,531$9,175$8,769
5 years$8,474$8,069$7,685$7,321$6,975$6,583
6 years$6,991$6,589$6,211$5,854$5,519$5,142
7 years$5,932$5,533$5,161$4,813$4,488$4,127
8 years$5,138$4,743$4,377$4,038$3,724$3,378
9 years$4,521$4,130$3,770$3,439$3,136$2,805
10 years$4,027$3,640$3,287$2,965$2,672$2,356
11 years$3,624$3,241$2,894$2,580$2,298$1,997
12 years$3,288$2,909$2,568$2,263$1,991$1,705
13 years$3,004$2,629$2,294$1,998$1,736$1,464
14 years$2,761$2,389$2,061$1,774$1,522$1,263
15 years$2,550$2,183$1,861$1,582$1,340$1,095
16 years$2,366$2,003$1,687$1,416$1,184$952
17 years$2,204$1,844$1,536$1,272$1,050$830
18 years$2,059$1,704$1,402$1,147$934$726
19 years$1,931$1,579$1,283$1,036$832$636
20 years$1,815$1,468$1,178$938$743$559
21 years$1,710$1,367$1,083$852$665$491
22 years$1,615$1,276$998$774$596$432
23 years$1,529$1,194$922$705$535$381
24 years$1,450$1,118$853$643$481$336
25 years$1,377$1,049$790$587$433$297
26 years$1,310$986$732$537$390$263
27 years$1,248$928$680$492$352$233
28 years$1,190$875$632$450$317$206
29 years$1,137$825$588$413$286$182
30 years$1,087$779$548$379$259$162
31 years$1,041$737$511$348$234$143
32 years$997$697$477$320$212$127
33 years$956$660$445$294$192$113
34 years$918$626$416$271$173$100
35 years$882$593$389$249$157$89
36 years$848$563$364$230$142$79
37 years$816$535$340$211$129$70
38 years$786$508$319$195$117$62
39 years$757$483$299$180$106$55
40 years$730$460$280$166$96$49
41 years$704$438$262$153$87$44
42 years$680$417$246$141$79$39
43 years$657$397$231$130$72$35
44 years$634$379$217$120$65$31
45 years$613$361$204$111$59$27
46 years$593$344$191$103$54$24
47 years$574$329$180$95$49$22
48 years$556$314$169$88$44$19
49 years$538$300$159$81$40$17
50 years$521$286$149$75$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $534,000, adding $5,623 every year, while hoping to spend $40,503 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: 47/38/15 Blend
58$534,000$534,000$534,000$534,000
59$594,268$565,966$557,689$619,441
60$611,789$550,604$533,277$622,108
61$629,739$533,131$506,689$620,415
62$648,119$513,402$477,811$617,694
63$666,931$491,261$446,520$613,864
64$686,171$466,546$412,692$608,840
65$705,836$439,083$376,194$602,530
66$725,923$408,690$336,887$594,838
67$746,423$375,172$294,629$585,661
68$767,328$338,324$249,269$574,889
69$788,625$297,932$200,649$562,406
70$810,300$253,766$148,606$548,087
71$832,334$205,584$92,968$531,801
72$854,707$153,132$33,557$513,407
73$877,392$96,141$0$492,755
74$900,360$34,325$0$474,464
75$923,574$0$0$459,629
76$946,995$0$0$456,365
77$970,575$0$0$467,503
78$994,261$0$0$478,662
79$1,017,989$0$0$489,808
80$1,041,692$0$0$500,905
81$1,065,287$0$0$511,909
82$1,088,686$0$0$522,773
83$1,111,785$0$0$533,443
84$1,134,471$0$0$543,857
85$1,156,612$0$0$553,947
86$1,178,065$0$0$563,638
87$1,198,665$0$0$572,842
88$1,218,231$0$0$581,464
89$1,236,557$0$0$589,396
90$1,253,415$0$0$596,519
91$1,268,551$0$0$602,699
92$1,281,680$0$0$607,788
93$1,292,487$0$0$611,619
94$1,300,617$0$0$614,010
95$1,305,681$0$0$614,754
96$1,307,242$0$0$613,625
97$1,304,815$0$0$610,369
98$1,297,865$0$0$604,708
99$1,285,795$0$0$596,330
100$1,267,943$0$0$584,890