Can I retire at age 59 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$44,510$44,114$43,727$43,349$42,981$41,522
2 years$22,035$21,624$21,227$20,841$20,467$19,012
3 years$14,544$14,132$13,735$13,353$12,985$11,579
4 years$10,799$10,388$9,996$9,620$9,261$7,915
5 years$8,553$8,145$7,757$7,389$7,040$5,758
6 years$7,056$6,651$6,269$5,909$5,571$4,353
7 years$5,987$5,585$5,209$4,858$4,530$3,378
8 years$5,186$4,788$4,418$4,075$3,758$2,669
9 years$4,563$4,168$3,805$3,471$3,165$2,138
10 years$4,065$3,674$3,317$2,992$2,697$1,731
11 years$3,658$3,271$2,921$2,604$2,319$1,412
12 years$3,319$2,936$2,592$2,284$2,010$1,159
13 years$3,032$2,653$2,316$2,017$1,753$957
14 years$2,786$2,412$2,081$1,790$1,536$793
15 years$2,574$2,203$1,879$1,597$1,353$659
16 years$2,388$2,021$1,703$1,430$1,196$549
17 years$2,224$1,862$1,550$1,284$1,060$459
18 years$2,079$1,720$1,415$1,158$943$384
19 years$1,949$1,594$1,295$1,046$840$322
20 years$1,832$1,481$1,189$947$750$270
21 years$1,726$1,380$1,093$860$672$227
22 years$1,630$1,288$1,008$782$602$191
23 years$1,543$1,205$930$712$540$160
24 years$1,463$1,129$861$649$486$135
25 years$1,390$1,059$797$593$437$114
26 years$1,322$996$739$542$394$96
27 years$1,259$937$686$496$355$81
28 years$1,201$883$638$455$320$68
29 years$1,147$833$594$417$289$57
30 years$1,097$787$553$383$261$48
31 years$1,050$744$516$351$236$41
32 years$1,006$704$481$323$214$34
33 years$965$666$449$297$193$29
34 years$927$631$420$273$175$25
35 years$890$599$392$252$159$21
36 years$856$568$367$232$144$18
37 years$824$540$344$213$130$15
38 years$793$513$322$197$118$12
39 years$764$488$301$181$107$11
40 years$737$464$283$167$97$9
41 years$711$442$265$154$88$8
42 years$686$421$249$142$80$6
43 years$663$401$233$132$73$5
44 years$640$382$219$121$66$5
45 years$619$364$206$112$60$4
46 years$599$348$193$104$54$3
47 years$579$332$181$96$49$3
48 years$561$317$170$88$45$2
49 years$543$302$160$82$41$2
50 years$526$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $539,000, adding $2,771 every year, while hoping to spend $37,939 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: 65/27/8 Blend
58$539,000$539,000$539,000$539,000
59$596,836$568,269$559,915$634,524
60$617,347$555,748$538,305$647,436
61$638,678$541,341$514,700$656,787
62$660,873$524,917$488,992$666,016
63$683,979$506,335$461,071$675,107
64$708,047$485,447$430,818$684,044
65$733,129$462,096$398,113$692,811
66$759,286$436,116$362,827$701,393
67$786,579$407,331$324,827$709,774
68$815,075$375,556$283,975$717,939
69$844,849$340,594$240,124$725,872
70$875,979$302,238$193,123$733,559
71$908,550$260,269$142,814$740,986
72$942,655$214,455$89,031$748,140
73$978,393$164,551$31,601$755,008
74$1,015,874$110,299$0$761,582
75$1,055,216$51,426$0$770,386
76$1,096,545$0$0$781,924
77$1,140,001$0$0$797,180
78$1,185,735$0$0$829,328
79$1,233,912$0$0$863,207
80$1,284,711$0$0$898,944
81$1,338,327$0$0$936,679
82$1,394,974$0$0$976,562
83$1,454,882$0$0$1,018,761
84$1,518,306$0$0$1,063,455
85$1,585,522$0$0$1,110,843
86$1,656,834$0$0$1,161,140
87$1,732,571$0$0$1,214,583
88$1,813,096$0$0$1,271,430
89$1,898,805$0$0$1,331,963
90$1,990,130$0$0$1,396,492
91$2,087,545$0$0$1,465,357
92$2,191,572$0$0$1,538,927
93$2,302,779$0$0$1,617,612
94$2,421,791$0$0$1,701,856
95$2,549,291$0$0$1,792,149
96$2,686,032$0$0$1,889,028
97$2,832,837$0$0$1,993,083
98$2,990,610$0$0$2,104,959
99$3,160,344$0$0$2,225,368
100$3,343,129$0$0$2,355,087