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%13.8%
1 years$44,510$44,114$43,727$43,349$42,981$42,303
2 years$22,035$21,624$21,227$20,841$20,467$19,786
3 years$14,544$14,132$13,735$13,353$12,985$12,322
4 years$10,799$10,388$9,996$9,620$9,261$8,621
5 years$8,553$8,145$7,757$7,389$7,040$6,425
6 years$7,056$6,651$6,269$5,909$5,571$4,981
7 years$5,987$5,585$5,209$4,858$4,530$3,967
8 years$5,186$4,788$4,418$4,075$3,758$3,220
9 years$4,563$4,168$3,805$3,471$3,165$2,652
10 years$4,065$3,674$3,317$2,992$2,697$2,209
11 years$3,658$3,271$2,921$2,604$2,319$1,856
12 years$3,319$2,936$2,592$2,284$2,010$1,570
13 years$3,032$2,653$2,316$2,017$1,753$1,336
14 years$2,786$2,412$2,081$1,790$1,536$1,143
15 years$2,574$2,203$1,879$1,597$1,353$981
16 years$2,388$2,021$1,703$1,430$1,196$845
17 years$2,224$1,862$1,550$1,284$1,060$729
18 years$2,079$1,720$1,415$1,158$943$631
19 years$1,949$1,594$1,295$1,046$840$548
20 years$1,832$1,481$1,189$947$750$476
21 years$1,726$1,380$1,093$860$672$414
22 years$1,630$1,288$1,008$782$602$361
23 years$1,543$1,205$930$712$540$315
24 years$1,463$1,129$861$649$486$275
25 years$1,390$1,059$797$593$437$240
26 years$1,322$996$739$542$394$210
27 years$1,259$937$686$496$355$184
28 years$1,201$883$638$455$320$161
29 years$1,147$833$594$417$289$141
30 years$1,097$787$553$383$261$123
31 years$1,050$744$516$351$236$108
32 years$1,006$704$481$323$214$95
33 years$965$666$449$297$193$83
34 years$927$631$420$273$175$73
35 years$890$599$392$252$159$64
36 years$856$568$367$232$144$56
37 years$824$540$344$213$130$49
38 years$793$513$322$197$118$43
39 years$764$488$301$181$107$38
40 years$737$464$283$167$97$33
41 years$711$442$265$154$88$29
42 years$686$421$249$142$80$26
43 years$663$401$233$132$73$23
44 years$640$382$219$121$66$20
45 years$619$364$206$112$60$17
46 years$599$348$193$104$54$15
47 years$579$332$181$96$49$13
48 years$561$317$170$88$45$12
49 years$543$302$160$82$41$10
50 years$526$289$151$76$37$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $539,000, adding $2,213 every year, while hoping to spend $45,197 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: 57/21/22 Blend
58$539,000$539,000$539,000$539,000
59$596,261$567,694$559,339$626,596
60$608,990$547,421$529,988$627,271
61$621,503$524,641$498,138$622,986
62$633,730$499,182$463,659$617,336
63$645,592$470,863$426,414$610,203
64$657,001$439,495$386,258$601,455
65$667,860$404,874$343,041$590,953
66$678,057$366,789$296,609$578,545
67$687,469$325,012$246,796$564,067
68$695,960$279,306$193,432$547,341
69$703,375$229,419$136,339$528,175
70$709,544$175,086$75,331$506,361
71$714,276$116,024$10,214$481,674
72$717,361$51,937$0$453,869
73$718,562$0$0$436,597
74$717,619$0$0$423,160
75$714,241$0$0$420,168
76$708,107$0$0$415,418
77$698,858$0$0$408,684
78$686,100$0$0$399,715
79$669,394$0$0$388,237
80$648,252$0$0$373,942
81$622,138$0$0$356,491
82$590,454$0$0$335,508
83$552,541$0$0$310,580
84$507,671$0$0$281,245
85$455,034$0$0$246,996
86$393,740$0$0$207,271
87$322,800$0$0$161,450
88$241,125$0$0$108,845
89$147,510$0$0$48,699
90$40,622$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