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%13%
1 years$44,097$43,704$43,321$42,947$42,582$42,050
2 years$21,830$21,424$21,030$20,648$20,277$19,742
3 years$14,409$14,001$13,608$13,229$12,865$12,343
4 years$10,699$10,292$9,903$9,531$9,175$8,670
5 years$8,474$8,069$7,685$7,321$6,975$6,489
6 years$6,991$6,589$6,211$5,854$5,519$5,052
7 years$5,932$5,533$5,161$4,813$4,488$4,041
8 years$5,138$4,743$4,377$4,038$3,724$3,296
9 years$4,521$4,130$3,770$3,439$3,136$2,728
10 years$4,027$3,640$3,287$2,965$2,672$2,283
11 years$3,624$3,241$2,894$2,580$2,298$1,928
12 years$3,288$2,909$2,568$2,263$1,991$1,639
13 years$3,004$2,629$2,294$1,998$1,736$1,402
14 years$2,761$2,389$2,061$1,774$1,522$1,205
15 years$2,550$2,183$1,861$1,582$1,340$1,040
16 years$2,366$2,003$1,687$1,416$1,184$901
17 years$2,204$1,844$1,536$1,272$1,050$782
18 years$2,059$1,704$1,402$1,147$934$681
19 years$1,931$1,579$1,283$1,036$832$594
20 years$1,815$1,468$1,178$938$743$519
21 years$1,710$1,367$1,083$852$665$455
22 years$1,615$1,276$998$774$596$399
23 years$1,529$1,194$922$705$535$350
24 years$1,450$1,118$853$643$481$307
25 years$1,377$1,049$790$587$433$270
26 years$1,310$986$732$537$390$238
27 years$1,248$928$680$492$352$209
28 years$1,190$875$632$450$317$184
29 years$1,137$825$588$413$286$163
30 years$1,087$779$548$379$259$143
31 years$1,041$737$511$348$234$127
32 years$997$697$477$320$212$112
33 years$956$660$445$294$192$99
34 years$918$626$416$271$173$87
35 years$882$593$389$249$157$77
36 years$848$563$364$230$142$68
37 years$816$535$340$211$129$60
38 years$786$508$319$195$117$53
39 years$757$483$299$180$106$47
40 years$730$460$280$166$96$41
41 years$704$438$262$153$87$37
42 years$680$417$246$141$79$32
43 years$657$397$231$130$72$29
44 years$634$379$217$120$65$25
45 years$613$361$204$111$59$22
46 years$593$344$191$103$54$20
47 years$574$329$180$95$49$18
48 years$556$314$169$88$44$16
49 years$538$300$159$81$40$14
50 years$521$286$149$75$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $534,000, adding $5,032 every year, while hoping to spend $21,472 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: 61/27/12 Blend
58$534,000$534,000$534,000$534,000
59$593,659$565,357$557,080$627,872
60$631,366$570,213$552,896$656,304
61$672,199$574,588$547,852$684,424
62$716,456$578,434$541,897$714,584
63$764,460$581,704$534,977$746,982
64$816,572$584,344$527,035$781,838
65$873,184$586,299$518,012$819,393
66$934,730$587,509$507,847$859,914
67$1,001,687$587,911$496,475$903,697
68$1,074,579$587,439$483,827$951,065
69$1,153,985$586,022$469,833$1,002,379
70$1,240,538$583,584$454,420$1,058,036
71$1,334,938$580,045$437,508$1,118,472
72$1,437,955$575,320$419,018$1,184,171
73$1,550,436$569,320$398,864$1,255,666
74$1,673,312$561,949$376,958$1,333,548
75$1,807,611$553,105$353,207$1,418,464
76$1,954,462$542,682$327,515$1,511,133
77$2,115,111$530,567$299,780$1,612,347
78$2,290,926$516,639$269,896$1,722,979
79$2,483,417$500,770$237,754$1,843,994
80$2,694,244$482,827$203,237$1,976,457
81$2,925,238$462,666$166,227$2,121,542
82$3,178,412$440,137$126,596$2,280,545
83$3,455,987$415,081$84,213$2,454,896
84$3,760,406$387,328$38,942$2,646,174
85$4,094,360$356,700$0$2,856,120
86$4,460,815$323,009$0$3,087,855
87$4,863,037$286,055$0$3,347,699
88$5,304,623$245,627$0$3,633,017
89$5,789,536$201,504$0$3,946,412
90$6,322,141$153,450$0$4,290,750
91$6,907,246$101,216$0$4,669,195
92$7,550,150$44,541$0$5,085,232
93$8,256,689$0$0$5,542,706
94$9,033,293$0$0$6,050,865
95$9,887,044$0$0$6,624,096
96$10,825,747$0$0$7,254,412
97$11,857,999$0$0$7,947,593
98$12,993,275$0$0$8,710,005
99$14,242,010$0$0$9,548,663
100$15,615,703$0$0$10,471,296