Can I retire at age 59 with 537,000?

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 $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%13.1%
1 years$44,345$43,950$43,565$43,188$42,821$42,269
2 years$21,953$21,544$21,148$20,764$20,391$19,835
3 years$14,490$14,079$13,684$13,303$12,937$12,395
4 years$10,759$10,350$9,958$9,584$9,227$8,703
5 years$8,521$8,114$7,728$7,362$7,014$6,510
6 years$7,030$6,626$6,246$5,887$5,550$5,066
7 years$5,965$5,564$5,190$4,840$4,514$4,050
8 years$5,167$4,770$4,402$4,060$3,744$3,301
9 years$4,546$4,153$3,791$3,459$3,153$2,730
10 years$4,050$3,661$3,305$2,981$2,687$2,284
11 years$3,644$3,259$2,910$2,595$2,311$1,927
12 years$3,306$2,925$2,582$2,276$2,002$1,638
13 years$3,021$2,643$2,307$2,009$1,746$1,400
14 years$2,776$2,403$2,073$1,784$1,531$1,203
15 years$2,564$2,195$1,872$1,591$1,348$1,037
16 years$2,379$2,014$1,697$1,424$1,191$898
17 years$2,216$1,855$1,544$1,280$1,056$779
18 years$2,071$1,714$1,410$1,153$939$678
19 years$1,942$1,588$1,290$1,042$837$591
20 years$1,825$1,476$1,184$944$748$516
21 years$1,720$1,375$1,089$857$669$451
22 years$1,624$1,283$1,004$779$600$395
23 years$1,537$1,200$927$709$538$347
24 years$1,458$1,125$857$647$484$304
25 years$1,384$1,055$794$591$435$267
26 years$1,317$992$736$540$392$235
27 years$1,255$933$684$494$354$207
28 years$1,197$880$636$453$319$182
29 years$1,143$830$592$415$288$160
30 years$1,093$784$551$381$260$141
31 years$1,046$741$514$350$235$125
32 years$1,003$701$479$322$213$110
33 years$962$664$448$296$193$97
34 years$923$629$418$272$174$86
35 years$887$597$391$251$158$76
36 years$853$566$366$231$143$67
37 years$821$538$342$213$130$59
38 years$790$511$321$196$118$52
39 years$761$486$300$181$107$46
40 years$734$463$281$167$97$41
41 years$708$440$264$154$88$36
42 years$684$419$248$142$80$32
43 years$660$400$232$131$72$28
44 years$638$381$218$121$66$25
45 years$617$363$205$112$60$22
46 years$597$346$192$103$54$19
47 years$577$331$181$95$49$17
48 years$559$316$170$88$45$15
49 years$541$301$160$81$41$13
50 years$524$288$150$75$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $537,000, adding $6,486 every year, while hoping to spend $40,095 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: 61/28/11 Blend
58$537,000$537,000$537,000$537,000
59$598,464$570,003$561,680$633,043
60$616,847$555,273$537,835$642,292
61$635,761$538,476$511,848$647,226
62$655,218$519,471$483,604$651,622
63$675,229$498,105$452,985$655,432
64$695,807$474,216$419,864$658,600
65$716,963$447,636$384,113$661,071
66$738,707$418,185$345,595$662,783
67$761,051$385,671$304,168$663,673
68$784,004$349,895$259,683$663,670
69$807,576$310,643$211,986$662,701
70$831,775$267,692$160,915$660,688
71$856,611$220,803$106,300$657,548
72$882,090$169,727$47,965$653,192
73$908,218$114,198$0$647,526
74$935,000$53,938$0$642,125
75$962,439$0$0$641,323
76$990,537$0$0$642,891
77$1,019,294$0$0$661,498
78$1,048,707$0$0$680,524
79$1,078,772$0$0$699,965
80$1,109,481$0$0$719,814
81$1,140,824$0$0$740,064
82$1,172,786$0$0$760,705
83$1,205,349$0$0$781,723
84$1,238,492$0$0$803,104
85$1,272,187$0$0$824,827
86$1,306,400$0$0$846,869
87$1,341,094$0$0$869,204
88$1,376,221$0$0$891,800
89$1,411,729$0$0$914,620
90$1,447,556$0$0$937,620
91$1,483,630$0$0$960,753
92$1,519,868$0$0$983,961
93$1,556,178$0$0$1,007,181
94$1,592,451$0$0$1,030,339
95$1,628,567$0$0$1,053,352
96$1,664,388$0$0$1,076,127
97$1,699,758$0$0$1,098,559
98$1,734,503$0$0$1,120,527
99$1,768,425$0$0$1,141,899
100$1,801,302$0$0$1,162,523