Can I retire at age 59 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$42,859$42,477$42,104$41,741$41,386$40,971
2 years$21,217$20,822$20,439$20,068$19,708$19,289
3 years$14,004$13,607$13,225$12,858$12,503$12,095
4 years$10,398$10,003$9,625$9,263$8,917$8,522
5 years$8,236$7,842$7,469$7,115$6,779$6,398
6 years$6,794$6,404$6,036$5,690$5,364$4,998
7 years$5,765$5,378$5,016$4,678$4,362$4,011
8 years$4,993$4,610$4,254$3,924$3,619$3,283
9 years$4,394$4,014$3,664$3,343$3,048$2,726
10 years$3,914$3,538$3,194$2,881$2,597$2,290
11 years$3,522$3,150$2,812$2,508$2,233$1,941
12 years$3,196$2,827$2,496$2,200$1,935$1,657
13 years$2,919$2,555$2,230$1,942$1,688$1,423
14 years$2,683$2,322$2,004$1,724$1,479$1,228
15 years$2,478$2,121$1,809$1,537$1,303$1,064
16 years$2,299$1,946$1,640$1,376$1,151$925
17 years$2,142$1,792$1,492$1,237$1,021$807
18 years$2,002$1,656$1,362$1,115$908$706
19 years$1,876$1,535$1,247$1,007$809$618
20 years$1,764$1,426$1,145$912$723$543
21 years$1,662$1,329$1,053$828$647$477
22 years$1,570$1,240$970$753$580$420
23 years$1,486$1,160$896$685$520$371
24 years$1,409$1,087$829$625$468$327
25 years$1,338$1,020$767$571$421$289
26 years$1,273$959$712$522$379$255
27 years$1,213$902$661$478$342$226
28 years$1,157$850$614$438$308$200
29 years$1,105$802$572$401$278$177
30 years$1,056$757$533$368$252$157
31 years$1,011$716$497$338$227$139
32 years$969$677$463$311$206$124
33 years$929$642$433$286$186$110
34 years$892$608$404$263$169$97
35 years$857$577$378$242$153$86
36 years$824$547$353$223$138$77
37 years$793$520$331$206$125$68
38 years$764$494$310$189$114$61
39 years$736$470$290$175$103$54
40 years$710$447$272$161$94$48
41 years$685$426$255$149$85$42
42 years$661$405$239$137$77$38
43 years$638$386$225$127$70$34
44 years$617$368$211$117$63$30
45 years$596$351$198$108$58$27
46 years$577$335$186$100$52$24
47 years$558$320$175$92$47$21
48 years$540$305$164$85$43$19
49 years$523$291$154$79$39$17
50 years$507$278$145$73$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $519,000, adding $2,917 every year, while hoping to spend $44,999 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: 47/46/7 Blend
58$519,000$519,000$519,000$519,000
59$574,947$547,440$539,395$600,753
60$585,713$526,386$509,587$597,719
61$596,069$502,792$477,271$589,470
62$605,925$476,486$442,317$579,466
63$615,183$447,287$404,588$567,558
64$623,729$415,002$363,939$553,586
65$631,440$379,427$320,221$537,375
66$638,175$340,348$273,278$518,738
67$643,782$297,538$222,945$497,475
68$648,086$250,756$169,052$473,368
69$650,897$199,748$111,421$446,182
70$652,000$144,248$49,866$415,665
71$651,160$83,972$0$381,542
72$648,112$18,620$0$344,701
73$642,565$0$0$307,694
74$634,195$0$0$292,846
75$622,644$0$0$285,740
76$607,513$0$0$276,745
77$588,361$0$0$265,632
78$564,700$0$0$252,145
79$535,990$0$0$236,005
80$501,634$0$0$216,899
81$460,968$0$0$194,485
82$413,262$0$0$168,382
83$357,706$0$0$138,169
84$293,405$0$0$103,381
85$219,371$0$0$63,505
86$134,510$0$0$17,974
87$37,616$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$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