Can I retire at age 59 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$42,528$42,149$41,780$41,419$41,067$40,090
2 years$21,054$20,661$20,281$19,913$19,556$18,578
3 years$13,896$13,502$13,123$12,758$12,407$11,458
4 years$10,318$9,926$9,551$9,192$8,849$7,936
5 years$8,172$7,782$7,412$7,060$6,727$5,853
6 years$6,742$6,355$5,990$5,646$5,323$4,488
7 years$5,721$5,337$4,977$4,642$4,329$3,534
8 years$4,955$4,574$4,221$3,894$3,591$2,836
9 years$4,360$3,983$3,636$3,317$3,024$2,308
10 years$3,884$3,511$3,170$2,859$2,577$1,899
11 years$3,495$3,125$2,791$2,488$2,216$1,575
12 years$3,171$2,805$2,477$2,183$1,920$1,316
13 years$2,897$2,535$2,213$1,927$1,675$1,105
14 years$2,662$2,304$1,988$1,710$1,468$932
15 years$2,459$2,105$1,795$1,525$1,293$789
16 years$2,282$1,931$1,627$1,366$1,142$670
17 years$2,125$1,779$1,481$1,227$1,013$570
18 years$1,986$1,644$1,352$1,106$901$486
19 years$1,862$1,523$1,238$999$803$416
20 years$1,750$1,415$1,136$905$717$356
21 years$1,649$1,318$1,045$821$642$305
22 years$1,558$1,231$963$747$575$262
23 years$1,474$1,151$889$680$516$225
24 years$1,398$1,078$822$620$464$193
25 years$1,328$1,012$762$567$418$166
26 years$1,263$951$706$518$376$143
27 years$1,203$895$656$474$339$123
28 years$1,148$844$610$434$306$106
29 years$1,096$796$567$398$276$91
30 years$1,048$752$528$366$250$79
31 years$1,004$710$493$336$226$68
32 years$962$672$460$309$204$58
33 years$922$637$429$284$185$50
34 years$885$603$401$261$167$44
35 years$851$572$375$240$152$38
36 years$818$543$351$221$137$32
37 years$787$516$328$204$124$28
38 years$758$490$307$188$113$24
39 years$730$466$288$173$102$21
40 years$704$444$270$160$93$18
41 years$679$422$253$148$84$16
42 years$656$402$237$136$76$13
43 years$633$383$223$126$69$12
44 years$612$365$209$116$63$10
45 years$592$348$196$107$57$9
46 years$572$332$184$99$52$7
47 years$554$317$173$91$47$6
48 years$536$303$163$85$43$6
49 years$519$289$153$78$39$5
50 years$503$276$144$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $515,000, adding $3,266 every year, while hoping to spend $38,552 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: 43/38/19 Blend
58$515,000$515,000$515,000$515,000
59$570,899$543,604$535,621$592,163
60$588,112$529,221$512,546$593,111
61$605,788$512,842$487,405$590,110
62$623,934$494,327$460,089$586,056
63$642,557$473,531$430,483$580,872
64$661,661$450,297$398,468$574,474
65$681,251$424,462$363,917$566,775
66$701,330$395,852$326,700$557,681
67$721,901$364,284$286,679$547,093
68$742,964$329,564$243,713$534,908
69$764,521$291,487$197,651$521,013
70$786,567$249,835$148,338$505,291
71$809,101$204,381$95,611$487,618
72$832,116$154,882$39,301$467,860
73$855,603$101,083$0$445,878
74$879,553$42,714$0$425,737
75$903,951$0$0$411,841
76$928,780$0$0$404,663
77$954,019$0$0$415,507
78$979,643$0$0$426,497
79$1,005,623$0$0$437,620
80$1,031,924$0$0$448,857
81$1,058,505$0$0$460,189
82$1,085,318$0$0$471,591
83$1,112,311$0$0$483,036
84$1,139,420$0$0$494,495
85$1,166,573$0$0$505,931
86$1,193,691$0$0$517,305
87$1,220,682$0$0$528,572
88$1,247,439$0$0$539,681
89$1,273,848$0$0$550,574
90$1,299,773$0$0$561,188
91$1,325,067$0$0$571,450
92$1,349,561$0$0$581,279
93$1,373,068$0$0$590,584
94$1,395,376$0$0$599,263
95$1,416,252$0$0$607,204
96$1,435,431$0$0$614,279
97$1,452,619$0$0$620,348
98$1,467,491$0$0$625,253
99$1,479,680$0$0$628,820
100$1,488,782$0$0$630,854