Can I retire at age 59 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$41,537$41,167$40,806$40,454$40,110$38,641
2 years$20,563$20,180$19,809$19,449$19,100$17,636
3 years$13,572$13,188$12,818$12,461$12,118$10,705
4 years$10,078$9,694$9,328$8,978$8,643$7,292
5 years$7,982$7,601$7,239$6,896$6,570$5,285
6 years$6,585$6,206$5,850$5,514$5,199$3,981
7 years$5,587$5,212$4,861$4,534$4,228$3,076
8 years$4,839$4,468$4,123$3,803$3,507$2,421
9 years$4,258$3,890$3,551$3,240$2,954$1,931
10 years$3,793$3,429$3,096$2,793$2,517$1,556
11 years$3,413$3,053$2,726$2,430$2,164$1,264
12 years$3,097$2,740$2,419$2,132$1,876$1,033
13 years$2,829$2,476$2,161$1,882$1,636$848
14 years$2,600$2,251$1,942$1,671$1,434$699
15 years$2,402$2,056$1,753$1,490$1,262$578
16 years$2,228$1,886$1,589$1,334$1,116$480
17 years$2,076$1,737$1,446$1,199$989$398
18 years$1,940$1,605$1,320$1,080$880$332
19 years$1,819$1,488$1,209$976$784$277
20 years$1,710$1,382$1,109$884$700$231
21 years$1,611$1,288$1,020$802$627$193
22 years$1,522$1,202$940$729$562$161
23 years$1,440$1,124$868$664$504$135
24 years$1,365$1,053$803$606$453$113
25 years$1,297$989$744$553$408$95
26 years$1,234$929$690$506$367$79
27 years$1,175$874$641$463$331$66
28 years$1,121$824$595$424$299$56
29 years$1,071$777$554$389$270$47
30 years$1,024$734$516$357$244$39
31 years$980$694$481$328$220$33
32 years$939$657$449$301$199$28
33 years$901$622$419$277$180$23
34 years$865$589$392$255$163$19
35 years$831$559$366$235$148$16
36 years$799$531$343$216$134$14
37 years$769$504$321$199$122$11
38 years$740$479$300$184$110$10
39 years$713$455$281$169$100$8
40 years$688$433$264$156$91$7
41 years$663$412$247$144$82$6
42 years$640$393$232$133$75$5
43 years$618$374$218$123$68$4
44 years$598$357$204$113$61$3
45 years$578$340$192$105$56$3
46 years$559$324$180$97$51$2
47 years$541$310$169$89$46$2
48 years$523$296$159$83$42$2
49 years$507$282$149$76$38$1
50 years$491$270$141$71$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $503,000, adding $6,377 every year, while hoping to spend $32,347 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: 62/23/15 Blend
58$503,000$503,000$503,000$503,000
59$560,884$534,225$526,428$593,197
60$583,677$525,985$509,647$607,441
61$607,711$516,257$491,219$618,745
62$633,078$504,934$471,055$630,308
63$659,879$491,903$449,063$642,158
64$688,224$477,044$425,144$654,325
65$718,233$460,229$399,196$666,847
66$750,037$441,324$371,113$679,762
67$783,779$420,187$340,783$693,118
68$819,615$396,667$308,091$706,968
69$857,718$370,606$272,913$721,370
70$898,273$341,834$235,124$736,393
71$941,487$310,174$194,591$752,114
72$987,584$275,437$151,175$768,619
73$1,036,810$237,426$104,732$786,006
74$1,089,434$195,930$55,110$804,386
75$1,145,753$150,726$2,152$823,882
76$1,206,089$101,582$0$844,635
77$1,270,800$48,249$0$875,500
78$1,340,274$0$0$908,887
79$1,414,939$0$0$947,090
80$1,495,266$0$0$1,001,354
81$1,581,771$0$0$1,059,819
82$1,675,020$0$0$1,122,872
83$1,775,635$0$0$1,190,937
84$1,884,300$0$0$1,264,480
85$2,001,767$0$0$1,344,016
86$2,128,862$0$0$1,430,106
87$2,266,493$0$0$1,523,372
88$2,415,656$0$0$1,624,493
89$2,577,452$0$0$1,734,219
90$2,753,085$0$0$1,853,375
91$2,943,884$0$0$1,982,866
92$3,151,308$0$0$2,123,688
93$3,376,966$0$0$2,276,940
94$3,622,623$0$0$2,443,827
95$3,890,226$0$0$2,625,678
96$4,181,914$0$0$2,823,955
97$4,500,043$0$0$3,040,264
98$4,847,206$0$0$3,276,378
99$5,226,256$0$0$3,534,244
100$5,640,336$0$0$3,816,009