Can I retire at age 59 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$42,446$42,068$41,699$41,339$40,987$40,746
2 years$21,013$20,621$20,242$19,874$19,518$19,274
3 years$13,869$13,476$13,098$12,734$12,383$12,145
4 years$10,298$9,906$9,532$9,174$8,832$8,601
5 years$8,156$7,767$7,397$7,046$6,714$6,491
6 years$6,729$6,342$5,978$5,635$5,312$5,098
7 years$5,709$5,326$4,968$4,633$4,320$4,114
8 years$4,945$4,566$4,213$3,886$3,584$3,386
9 years$4,351$3,975$3,629$3,310$3,018$2,829
10 years$3,876$3,504$3,164$2,854$2,572$2,390
11 years$3,488$3,119$2,785$2,483$2,212$2,038
12 years$3,165$2,800$2,472$2,178$1,917$1,751
13 years$2,891$2,530$2,208$1,923$1,671$1,513
14 years$2,657$2,300$1,984$1,707$1,465$1,315
15 years$2,454$2,101$1,791$1,522$1,290$1,147
16 years$2,277$1,928$1,624$1,363$1,140$1,004
17 years$2,121$1,775$1,478$1,225$1,011$882
18 years$1,982$1,640$1,349$1,104$899$777
19 years$1,858$1,520$1,235$997$801$685
20 years$1,747$1,413$1,134$903$716$606
21 years$1,646$1,316$1,043$820$640$537
22 years$1,555$1,228$961$745$574$476
23 years$1,472$1,149$887$679$515$423
24 years$1,395$1,076$821$619$463$376
25 years$1,325$1,010$760$565$417$335
26 years$1,261$949$705$517$375$299
27 years$1,201$893$655$473$338$266
28 years$1,146$842$608$434$305$238
29 years$1,094$794$566$398$276$212
30 years$1,046$750$527$365$249$190
31 years$1,002$709$492$335$225$169
32 years$960$671$459$308$204$152
33 years$920$635$428$283$184$136
34 years$884$602$400$261$167$121
35 years$849$571$374$240$151$109
36 years$816$542$350$221$137$97
37 years$786$515$328$204$124$87
38 years$756$489$307$188$113$78
39 years$729$465$287$173$102$70
40 years$703$443$269$160$93$63
41 years$678$421$253$147$84$56
42 years$654$401$237$136$76$50
43 years$632$382$222$125$69$45
44 years$611$364$209$116$63$41
45 years$590$348$196$107$57$36
46 years$571$332$184$99$52$33
47 years$553$316$173$91$47$29
48 years$535$302$163$84$43$26
49 years$518$288$153$78$39$24
50 years$502$276$144$72$35$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $514,000, adding $4,615 every year, while hoping to spend $23,168 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: 34/36/30 Blend
58$514,000$514,000$514,000$514,000
59$571,188$543,946$535,979$585,312
60$604,799$545,949$529,284$598,420
61$641,061$547,274$521,588$610,170
62$680,222$547,862$512,833$622,400
63$722,550$547,653$502,959$635,171
64$768,344$546,582$491,902$648,549
65$817,929$544,579$479,595$662,610
66$871,666$541,571$465,969$677,440
67$929,948$537,480$450,952$693,135
68$993,211$532,225$434,466$709,802
69$1,061,931$525,716$416,433$727,563
70$1,136,634$517,862$396,770$746,555
71$1,217,898$508,565$375,389$766,928
72$1,306,359$497,719$352,200$788,855
73$1,402,716$485,216$327,107$812,527
74$1,507,739$470,938$300,011$838,157
75$1,622,276$454,762$270,809$865,983
76$1,747,259$436,556$239,392$896,273
77$1,883,716$416,183$205,648$929,324
78$2,032,775$393,497$169,457$965,467
79$2,195,681$368,341$130,697$1,005,072
80$2,373,804$340,553$89,239$1,048,551
81$2,568,652$309,960$44,948$1,096,361
82$2,781,884$276,378$0$1,149,012
83$3,015,331$239,615$0$1,207,813
84$3,271,004$199,466$0$1,288,054
85$3,551,121$155,714$0$1,376,081
86$3,858,124$108,133$0$1,472,723
87$4,194,703$56,481$0$1,578,895
88$4,563,818$505$0$1,695,612
89$4,968,733$0$0$1,823,994
90$5,413,040$0$0$1,989,073
91$5,900,698$0$0$2,170,558
92$6,436,066$0$0$2,369,879
93$7,023,946$0$0$2,588,837
94$7,669,630$0$0$2,829,410
95$8,378,945$0$0$3,093,782
96$9,158,310$0$0$3,384,357
97$10,014,799$0$0$3,703,784
98$10,956,204$0$0$4,054,980
99$11,991,109$0$0$4,441,160
100$13,128,971$0$0$4,865,866