Can I retire at age 59 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$42,693$42,313$41,942$41,580$41,226$40,932
2 years$21,135$20,742$20,360$19,990$19,632$19,335
3 years$13,950$13,555$13,174$12,808$12,455$12,165
4 years$10,358$9,964$9,588$9,227$8,883$8,602
5 years$8,204$7,812$7,440$7,088$6,753$6,482
6 years$6,768$6,379$6,013$5,668$5,343$5,082
7 years$5,743$5,357$4,997$4,660$4,345$4,095
8 years$4,974$4,592$4,238$3,909$3,605$3,365
9 years$4,377$3,998$3,650$3,330$3,036$2,806
10 years$3,899$3,524$3,182$2,870$2,587$2,367
11 years$3,508$3,137$2,801$2,498$2,225$2,014
12 years$3,183$2,816$2,486$2,191$1,928$1,727
13 years$2,908$2,545$2,221$1,934$1,681$1,490
14 years$2,673$2,313$1,996$1,717$1,474$1,292
15 years$2,469$2,113$1,802$1,531$1,298$1,125
16 years$2,291$1,939$1,634$1,371$1,147$983
17 years$2,133$1,786$1,487$1,232$1,017$861
18 years$1,994$1,650$1,357$1,110$904$757
19 years$1,869$1,529$1,242$1,003$806$667
20 years$1,757$1,421$1,140$909$720$588
21 years$1,656$1,324$1,049$825$644$520
22 years$1,564$1,235$967$750$577$460
23 years$1,480$1,156$892$683$518$408
24 years$1,403$1,083$825$623$466$362
25 years$1,333$1,016$764$569$419$321
26 years$1,268$955$709$520$378$286
27 years$1,208$899$658$476$340$254
28 years$1,152$847$612$436$307$226
29 years$1,101$799$570$400$277$202
30 years$1,052$754$531$367$251$180
31 years$1,007$713$495$337$227$160
32 years$965$675$461$310$205$143
33 years$926$639$431$285$185$128
34 years$889$606$403$262$168$114
35 years$854$574$376$241$152$102
36 years$821$545$352$222$138$91
37 years$790$518$330$205$125$81
38 years$761$492$309$189$113$73
39 years$733$468$289$174$103$65
40 years$707$445$271$161$93$58
41 years$682$424$254$148$85$52
42 years$658$404$238$137$77$46
43 years$636$385$224$126$70$41
44 years$614$367$210$116$63$37
45 years$594$350$197$108$57$33
46 years$574$334$185$99$52$30
47 years$556$318$174$92$47$27
48 years$538$304$163$85$43$24
49 years$521$290$154$78$39$21
50 years$505$277$144$72$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $517,000, adding $4,568 every year, while hoping to spend $31,488 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: 39/37/24 Blend
58$517,000$517,000$517,000$517,000
59$574,446$547,045$539,031$592,600
60$599,536$540,347$523,586$599,473
61$626,131$532,266$506,568$603,615
62$654,349$522,700$487,891$607,469
63$684,323$511,542$467,465$611,028
64$716,196$498,680$445,197$614,287
65$750,125$483,992$420,989$617,243
66$786,283$467,353$394,737$619,894
67$824,857$448,627$366,334$622,243
68$866,055$427,672$335,669$624,297
69$910,103$404,338$302,624$626,063
70$957,248$378,465$267,076$627,558
71$1,007,763$349,886$228,899$628,801
72$1,061,946$318,421$187,958$629,819
73$1,120,124$283,884$144,115$630,644
74$1,182,658$246,075$97,224$631,318
75$1,249,940$204,784$47,132$631,891
76$1,322,405$159,790$0$632,425
77$1,400,528$110,857$0$634,610
78$1,484,832$57,739$0$649,900
79$1,575,890$173$0$666,356
80$1,674,334$0$0$684,143
81$1,780,856$0$0$728,734
82$1,896,220$0$0$777,161
83$2,021,263$0$0$829,711
84$2,156,906$0$0$886,780
85$2,304,164$0$0$948,802
86$2,464,150$0$0$1,016,254
87$2,638,091$0$0$1,089,663
88$2,827,336$0$0$1,169,606
89$3,033,369$0$0$1,256,721
90$3,257,823$0$0$1,351,707
91$3,502,496$0$0$1,455,337
92$3,769,365$0$0$1,568,458
93$4,060,608$0$0$1,692,005
94$4,378,620$0$0$1,827,006
95$4,726,041$0$0$1,974,593
96$5,105,773$0$0$2,136,012
97$5,521,015$0$0$2,312,637
98$5,975,287$0$0$2,505,978
99$6,472,465$0$0$2,717,700
100$7,016,818$0$0$2,949,635