Can I retire at age 59 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$44,428$44,032$43,646$43,269$42,901$41,362
2 years$21,994$21,584$21,187$20,802$20,429$18,896
3 years$14,517$14,106$13,710$13,328$12,961$11,481
4 years$10,779$10,369$9,977$9,602$9,244$7,828
5 years$8,537$8,129$7,743$7,375$7,027$5,680
6 years$7,043$6,638$6,257$5,898$5,560$4,282
7 years$5,976$5,575$5,200$4,849$4,522$3,313
8 years$5,176$4,779$4,410$4,068$3,751$2,611
9 years$4,555$4,161$3,798$3,465$3,159$2,085
10 years$4,057$3,667$3,311$2,987$2,692$1,682
11 years$3,651$3,265$2,915$2,599$2,315$1,368
12 years$3,312$2,930$2,587$2,280$2,006$1,119
13 years$3,026$2,648$2,311$2,013$1,749$921
14 years$2,781$2,407$2,077$1,787$1,534$760
15 years$2,569$2,199$1,875$1,594$1,350$629
16 years$2,384$2,018$1,700$1,427$1,193$523
17 years$2,220$1,858$1,547$1,282$1,058$435
18 years$2,075$1,717$1,412$1,155$941$363
19 years$1,945$1,591$1,293$1,044$839$303
20 years$1,828$1,479$1,186$946$749$253
21 years$1,723$1,377$1,091$858$670$212
22 years$1,627$1,286$1,006$780$601$177
23 years$1,540$1,202$929$711$539$149
24 years$1,460$1,127$859$648$485$125
25 years$1,387$1,057$796$592$436$105
26 years$1,319$994$738$541$393$88
27 years$1,257$935$685$495$354$74
28 years$1,199$881$637$454$320$62
29 years$1,145$831$593$416$289$52
30 years$1,095$785$552$382$261$44
31 years$1,048$742$515$351$236$37
32 years$1,005$702$480$322$213$31
33 years$963$665$448$296$193$26
34 years$925$630$419$273$175$22
35 years$889$598$392$251$158$18
36 years$854$567$366$231$143$15
37 years$822$539$343$213$130$13
38 years$792$512$321$196$118$11
39 years$763$487$301$181$107$9
40 years$736$463$282$167$97$8
41 years$710$441$264$154$88$6
42 years$685$420$248$142$80$5
43 years$662$400$233$131$72$5
44 years$639$382$218$121$66$4
45 years$618$364$205$112$60$3
46 years$598$347$193$103$54$3
47 years$578$331$181$96$49$2
48 years$560$316$170$88$45$2
49 years$542$302$160$82$41$2
50 years$525$288$150$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $538,000, adding $5,059 every year, while hoping to spend $36,982 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: 48/45/7 Blend
58$538,000$538,000$538,000$538,000
59$598,094$569,580$561,241$625,459
60$619,751$558,141$540,694$633,297
61$642,378$544,902$518,220$637,481
62$666,034$529,736$493,713$641,156
63$690,784$512,507$467,067$644,284
64$716,698$493,075$438,168$646,828
65$743,853$471,286$406,898$648,747
66$772,329$446,983$373,133$650,001
67$802,218$419,996$336,744$650,548
68$833,615$390,147$297,595$650,346
69$866,626$357,246$255,547$649,352
70$901,365$321,095$210,452$647,520
71$937,958$281,482$162,155$644,807
72$976,540$238,184$110,497$641,167
73$1,017,258$190,967$55,311$636,556
74$1,060,275$139,581$0$630,929
75$1,105,767$83,764$0$624,511
76$1,153,925$23,238$0$621,415
77$1,204,959$0$0$617,480
78$1,259,098$0$0$633,621
79$1,316,594$0$0$663,014
80$1,377,720$0$0$694,294
81$1,442,776$0$0$727,621
82$1,512,090$0$0$763,165
83$1,586,022$0$0$801,117
84$1,664,966$0$0$841,684
85$1,749,353$0$0$885,092
86$1,839,656$0$0$931,591
87$1,936,394$0$0$981,454
88$2,040,135$0$0$1,034,980
89$2,151,504$0$0$1,092,499
90$2,271,187$0$0$1,154,371
91$2,399,933$0$0$1,220,992
92$2,538,571$0$0$1,292,799
93$2,688,005$0$0$1,370,268
94$2,849,233$0$0$1,453,927
95$3,023,347$0$0$1,544,350
96$3,211,552$0$0$1,642,174
97$3,415,167$0$0$1,748,096
98$3,635,647$0$0$1,862,881
99$3,874,588$0$0$1,987,374
100$4,133,746$0$0$2,122,501