Can I retire at age 59 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$44,345$43,950$43,565$43,188$42,821$42,533
2 years$21,953$21,544$21,148$20,764$20,391$20,101
3 years$14,490$14,079$13,684$13,303$12,937$12,653
4 years$10,759$10,350$9,958$9,584$9,227$8,952
5 years$8,521$8,114$7,728$7,362$7,014$6,749
6 years$7,030$6,626$6,246$5,887$5,550$5,294
7 years$5,965$5,564$5,190$4,840$4,514$4,268
8 years$5,167$4,770$4,402$4,060$3,744$3,509
9 years$4,546$4,153$3,791$3,459$3,153$2,928
10 years$4,050$3,661$3,305$2,981$2,687$2,471
11 years$3,644$3,259$2,910$2,595$2,311$2,105
12 years$3,306$2,925$2,582$2,276$2,002$1,806
13 years$3,021$2,643$2,307$2,009$1,746$1,559
14 years$2,776$2,403$2,073$1,784$1,531$1,352
15 years$2,564$2,195$1,872$1,591$1,348$1,178
16 years$2,379$2,014$1,697$1,424$1,191$1,030
17 years$2,216$1,855$1,544$1,280$1,056$903
18 years$2,071$1,714$1,410$1,153$939$794
19 years$1,942$1,588$1,290$1,042$837$700
20 years$1,825$1,476$1,184$944$748$618
21 years$1,720$1,375$1,089$857$669$547
22 years$1,624$1,283$1,004$779$600$484
23 years$1,537$1,200$927$709$538$430
24 years$1,458$1,125$857$647$484$382
25 years$1,384$1,055$794$591$435$339
26 years$1,317$992$736$540$392$302
27 years$1,255$933$684$494$354$269
28 years$1,197$880$636$453$319$239
29 years$1,143$830$592$415$288$213
30 years$1,093$784$551$381$260$190
31 years$1,046$741$514$350$235$170
32 years$1,003$701$479$322$213$152
33 years$962$664$448$296$193$136
34 years$923$629$418$272$174$121
35 years$887$597$391$251$158$108
36 years$853$566$366$231$143$97
37 years$821$538$342$213$130$87
38 years$790$511$321$196$118$77
39 years$761$486$300$181$107$69
40 years$734$463$281$167$97$62
41 years$708$440$264$154$88$55
42 years$684$419$248$142$80$50
43 years$660$400$232$131$72$44
44 years$638$381$218$121$66$40
45 years$617$363$205$112$60$36
46 years$597$346$192$103$54$32
47 years$577$331$181$95$49$29
48 years$559$316$170$88$45$26
49 years$541$301$160$81$41$23
50 years$524$288$150$75$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $537,000, adding $4,177 every year, while hoping to spend $46,557 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: 52/37/11 Blend
58$537,000$537,000$537,000$537,000
59$596,083$567,622$559,298$625,151
60$607,347$545,899$528,498$623,704
61$618,199$521,551$495,106$616,794
62$628,550$494,401$458,986$608,201
63$638,295$464,260$419,996$597,779
64$647,322$430,930$377,987$585,367
65$655,504$394,200$332,804$570,795
66$662,697$353,848$284,285$553,876
67$668,745$309,639$232,261$534,410
68$673,471$261,326$176,556$512,178
69$676,680$208,645$116,985$486,947
70$678,152$151,320$53,355$458,462
71$677,648$89,059$0$426,449
72$674,897$21,551$0$392,317
73$669,601$0$0$360,830
74$661,430$0$0$346,376
75$650,017$0$0$338,808
76$634,955$0$0$329,115
77$615,794$0$0$317,041
78$592,034$0$0$302,297
79$563,124$0$0$284,566
80$528,453$0$0$263,497
81$487,343$0$0$238,701
82$439,047$0$0$209,748
83$382,738$0$0$176,162
84$317,501$0$0$137,419
85$242,326$0$0$92,938
86$156,094$0$0$42,077
87$57,572$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0