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%19.8%
1 years$44,428$44,032$43,646$43,269$42,901$41,215
2 years$21,994$21,584$21,187$20,802$20,429$18,751
3 years$14,517$14,106$13,710$13,328$12,961$11,344
4 years$10,779$10,369$9,977$9,602$9,244$7,700
5 years$8,537$8,129$7,743$7,375$7,027$5,560
6 years$7,043$6,638$6,257$5,898$5,560$4,172
7 years$5,976$5,575$5,200$4,849$4,522$3,211
8 years$5,176$4,779$4,410$4,068$3,751$2,517
9 years$4,555$4,161$3,798$3,465$3,159$1,999
10 years$4,057$3,667$3,311$2,987$2,692$1,603
11 years$3,651$3,265$2,915$2,599$2,315$1,296
12 years$3,312$2,930$2,587$2,280$2,006$1,054
13 years$3,026$2,648$2,311$2,013$1,749$862
14 years$2,781$2,407$2,077$1,787$1,534$707
15 years$2,569$2,199$1,875$1,594$1,350$582
16 years$2,384$2,018$1,700$1,427$1,193$480
17 years$2,220$1,858$1,547$1,282$1,058$397
18 years$2,075$1,717$1,412$1,155$941$329
19 years$1,945$1,591$1,293$1,044$839$272
20 years$1,828$1,479$1,186$946$749$226
21 years$1,723$1,377$1,091$858$670$188
22 years$1,627$1,286$1,006$780$601$156
23 years$1,540$1,202$929$711$539$130
24 years$1,460$1,127$859$648$485$108
25 years$1,387$1,057$796$592$436$90
26 years$1,319$994$738$541$393$75
27 years$1,257$935$685$495$354$63
28 years$1,199$881$637$454$320$52
29 years$1,145$831$593$416$289$44
30 years$1,095$785$552$382$261$36
31 years$1,048$742$515$351$236$30
32 years$1,005$702$480$322$213$25
33 years$963$665$448$296$193$21
34 years$925$630$419$273$175$18
35 years$889$598$392$251$158$15
36 years$854$567$366$231$143$12
37 years$822$539$343$213$130$10
38 years$792$512$321$196$118$9
39 years$763$487$301$181$107$7
40 years$736$463$282$167$97$6
41 years$710$441$264$154$88$5
42 years$685$420$248$142$80$4
43 years$662$400$233$131$72$3
44 years$639$382$218$121$66$3
45 years$618$364$205$112$60$2
46 years$598$347$193$103$54$2
47 years$578$331$181$96$49$2
48 years$560$316$170$88$45$1
49 years$542$302$160$82$41$1
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 $3,761 every year, while hoping to spend $27,551 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: 52/30/18 Blend
58$538,000$538,000$538,000$538,000
59$596,755$568,241$559,902$624,663
60$628,310$566,771$549,345$642,767
61$662,161$564,306$537,511$659,255
62$698,511$560,767$524,327$676,590
63$737,587$556,072$509,720$694,859
64$779,635$550,133$493,610$714,163
65$824,927$542,859$475,915$734,613
66$873,760$534,149$456,548$756,332
67$926,461$523,901$435,421$779,459
68$983,391$512,003$412,438$804,147
69$1,044,945$498,339$387,503$830,568
70$1,111,556$482,784$360,511$858,913
71$1,183,703$465,209$331,356$889,394
72$1,261,909$445,473$299,925$922,247
73$1,346,753$423,430$266,102$957,736
74$1,438,869$398,925$229,763$996,152
75$1,538,955$371,794$190,782$1,037,821
76$1,647,780$341,864$149,025$1,083,104
77$1,766,189$308,950$104,352$1,132,400
78$1,895,110$272,859$56,618$1,186,154
79$2,035,568$233,385$5,671$1,244,861
80$2,188,688$190,313$0$1,309,068
81$2,355,709$143,413$0$1,388,736
82$2,537,995$92,445$0$1,476,954
83$2,737,048$37,151$0$1,573,414
84$2,954,519$0$0$1,678,975
85$3,192,229$0$0$1,802,098
86$3,452,180$0$0$1,950,205
87$3,736,578$0$0$2,112,293
88$4,047,851$0$0$2,289,754
89$4,388,674$0$0$2,484,120
90$4,761,990$0$0$2,697,076
91$5,171,044$0$0$2,930,480
92$5,619,406$0$0$3,186,378
93$6,111,010$0$0$3,467,023
94$6,650,187$0$0$3,774,897
95$7,241,711$0$0$4,112,732
96$7,890,835$0$0$4,483,539
97$8,603,350$0$0$4,890,634
98$9,385,633$0$0$5,337,671
99$10,244,708$0$0$5,828,674
100$11,188,313$0$0$6,368,076