Can I retire at age 59 with 535,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$44,180$43,786$43,402$43,028$42,662$41,749
2 years$21,871$21,464$21,069$20,686$20,315$19,400
3 years$14,436$14,027$13,633$13,254$12,889$12,000
4 years$10,719$10,311$9,921$9,549$9,192$8,337
5 years$8,490$8,084$7,699$7,334$6,988$6,168
6 years$7,004$6,601$6,222$5,865$5,529$4,745
7 years$5,943$5,544$5,171$4,822$4,497$3,749
8 years$5,147$4,752$4,385$4,045$3,731$3,019
9 years$4,529$4,137$3,777$3,446$3,142$2,466
10 years$4,035$3,647$3,293$2,970$2,677$2,036
11 years$3,631$3,247$2,899$2,585$2,302$1,696
12 years$3,294$2,914$2,573$2,267$1,995$1,422
13 years$3,009$2,633$2,299$2,002$1,740$1,199
14 years$2,766$2,394$2,065$1,777$1,525$1,015
15 years$2,555$2,187$1,865$1,585$1,343$863
16 years$2,370$2,006$1,691$1,419$1,187$736
17 years$2,208$1,848$1,538$1,275$1,052$629
18 years$2,063$1,707$1,404$1,149$936$539
19 years$1,934$1,582$1,286$1,038$834$463
20 years$1,818$1,470$1,180$940$745$398
21 years$1,714$1,370$1,085$853$667$343
22 years$1,618$1,279$1,000$776$597$295
23 years$1,532$1,196$924$707$536$255
24 years$1,452$1,120$854$644$482$220
25 years$1,379$1,051$791$589$434$190
26 years$1,312$988$734$538$391$164
27 years$1,250$930$681$493$352$142
28 years$1,192$876$633$451$318$123
29 years$1,139$827$589$414$287$107
30 years$1,089$781$549$380$259$92
31 years$1,042$738$512$349$234$80
32 years$999$698$478$321$212$69
33 years$958$661$446$295$192$60
34 years$920$627$417$271$174$52
35 years$884$595$389$250$157$45
36 years$850$564$364$230$143$39
37 years$818$536$341$212$129$34
38 years$787$509$319$195$117$29
39 years$759$484$299$180$106$26
40 years$731$461$280$166$96$22
41 years$706$439$263$153$87$19
42 years$681$418$247$141$79$17
43 years$658$398$231$131$72$14
44 years$636$379$217$121$65$13
45 years$615$362$204$111$59$11
46 years$594$345$192$103$54$9
47 years$575$329$180$95$49$8
48 years$557$314$169$88$44$7
49 years$539$300$159$81$40$6
50 years$522$287$149$75$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $535,000, adding $2,831 every year, while hoping to spend $34,801 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: 82/6/12 Blend
58$535,000$535,000$535,000$535,000
59$592,490$564,135$555,843$639,576
60$615,896$554,750$537,435$661,472
61$640,523$543,738$517,245$680,634
62$666,459$530,984$495,175$700,640
63$693,799$516,364$471,125$721,556
64$722,648$499,747$444,989$743,453
65$753,119$480,995$416,657$766,414
66$785,336$459,963$386,014$790,526
67$819,435$436,495$352,940$815,887
68$855,562$410,428$317,308$842,604
69$893,879$381,589$278,988$870,797
70$934,563$349,795$237,842$900,596
71$977,806$314,852$193,727$932,146
72$1,023,819$276,557$146,494$965,606
73$1,072,833$234,693$95,986$1,001,151
74$1,125,101$189,032$42,041$1,038,976
75$1,180,900$139,333$0$1,079,296
76$1,240,533$85,341$0$1,124,334
77$1,304,332$26,789$0$1,178,236
78$1,372,663$0$0$1,235,927
79$1,445,926$0$0$1,300,165
80$1,524,559$0$0$1,371,018
81$1,609,043$0$0$1,447,152
82$1,699,908$0$0$1,529,046
83$1,797,733$0$0$1,617,222
84$1,903,156$0$0$1,712,257
85$2,016,877$0$0$1,814,784
86$2,139,665$0$0$1,925,496
87$2,272,365$0$0$2,045,157
88$2,415,906$0$0$2,174,606
89$2,571,308$0$0$2,314,766
90$2,739,694$0$0$2,466,650
91$2,922,298$0$0$2,631,373
92$3,120,477$0$0$2,810,162
93$3,335,723$0$0$3,004,364
94$3,569,679$0$0$3,215,463
95$3,824,150$0$0$3,445,091
96$4,101,124$0$0$3,695,043
97$4,402,787$0$0$3,967,294
98$4,731,545$0$0$4,264,019
99$5,090,046$0$0$4,587,609
100$5,481,204$0$0$4,940,699