Can I retire at age 59 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$42,941$42,559$42,185$41,821$41,466$40,595
2 years$21,258$20,862$20,478$20,106$19,745$18,873
3 years$14,031$13,634$13,251$12,882$12,527$11,679
4 years$10,419$10,022$9,643$9,281$8,935$8,118
5 years$8,251$7,857$7,484$7,129$6,792$6,009
6 years$6,807$6,416$6,048$5,701$5,374$4,626
7 years$5,776$5,388$5,026$4,687$4,371$3,657
8 years$5,003$4,619$4,262$3,932$3,626$2,947
9 years$4,402$4,021$3,671$3,349$3,054$2,408
10 years$3,922$3,545$3,201$2,887$2,602$1,990
11 years$3,529$3,156$2,818$2,512$2,238$1,658
12 years$3,202$2,832$2,501$2,204$1,939$1,391
13 years$2,925$2,560$2,234$1,946$1,691$1,174
14 years$2,688$2,327$2,007$1,727$1,482$995
15 years$2,483$2,125$1,812$1,540$1,305$846
16 years$2,304$1,950$1,643$1,379$1,153$722
17 years$2,146$1,796$1,495$1,239$1,023$618
18 years$2,005$1,660$1,365$1,117$909$530
19 years$1,880$1,538$1,250$1,009$811$455
20 years$1,767$1,429$1,147$914$724$392
21 years$1,665$1,331$1,055$829$648$337
22 years$1,573$1,243$972$754$581$291
23 years$1,489$1,162$898$687$521$251
24 years$1,412$1,089$830$626$469$217
25 years$1,341$1,022$769$572$422$188
26 years$1,275$960$713$523$380$163
27 years$1,215$904$662$479$342$141
28 years$1,159$852$616$439$309$122
29 years$1,107$804$573$402$279$106
30 years$1,058$759$534$369$252$92
31 years$1,013$717$497$339$228$79
32 years$971$679$464$312$206$69
33 years$931$643$433$287$187$60
34 years$894$609$405$264$169$52
35 years$859$578$379$243$153$45
36 years$826$548$354$224$139$39
37 years$795$521$331$206$126$34
38 years$765$495$310$190$114$29
39 years$737$471$291$175$103$26
40 years$711$448$273$161$94$22
41 years$686$426$256$149$85$19
42 years$662$406$240$137$77$17
43 years$639$387$225$127$70$15
44 years$618$369$211$117$64$13
45 years$597$352$198$108$58$11
46 years$578$335$186$100$52$10
47 years$559$320$175$92$48$8
48 years$541$306$164$85$43$7
49 years$524$292$155$79$39$6
50 years$508$279$145$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $520,000, adding $6,436 every year, while hoping to spend $40,293 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: 53/24/23 Blend
58$520,000$520,000$520,000$520,000
59$579,679$552,119$544,059$606,406
60$595,935$536,301$519,413$609,700
61$612,498$518,358$492,592$608,580
62$629,358$498,143$463,479$606,520
63$646,501$475,500$431,953$603,444
64$663,910$450,265$397,890$599,271
65$681,566$422,266$361,157$593,915
66$699,446$391,317$321,616$587,283
67$717,523$357,225$279,124$579,277
68$735,766$319,785$233,530$569,792
69$754,139$278,780$184,678$558,714
70$772,602$233,980$132,405$545,924
71$791,105$185,143$76,539$531,292
72$809,597$132,014$16,901$514,680
73$828,015$74,322$0$495,940
74$846,291$11,782$0$486,385
75$864,346$0$0$479,547
76$882,093$0$0$485,906
77$899,431$0$0$495,110
78$916,251$0$0$503,982
79$932,425$0$0$512,447
80$947,815$0$0$520,423
81$962,264$0$0$527,818
82$975,596$0$0$534,527
83$987,617$0$0$540,437
84$998,107$0$0$545,418
85$1,006,825$0$0$549,327
86$1,013,500$0$0$552,006
87$1,017,831$0$0$553,277
88$1,019,484$0$0$552,945
89$1,018,087$0$0$550,790
90$1,013,228$0$0$546,571
91$1,004,449$0$0$540,020
92$991,242$0$0$530,837
93$973,046$0$0$518,694
94$949,235$0$0$503,224
95$919,119$0$0$484,022
96$881,933$0$0$460,640
97$836,829$0$0$432,581
98$782,870$0$0$399,296
99$719,019$0$0$360,178
100$644,129$0$0$314,555