Can I retire at age 59 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$43,189$42,804$42,429$42,062$41,705$41,494
2 years$21,381$20,982$20,597$20,222$19,859$19,647
3 years$14,112$13,712$13,327$12,957$12,600$12,392
4 years$10,479$10,080$9,699$9,335$8,986$8,784
5 years$8,299$7,903$7,527$7,170$6,831$6,636
6 years$6,847$6,453$6,083$5,734$5,405$5,217
7 years$5,809$5,419$5,055$4,714$4,396$4,215
8 years$5,032$4,645$4,287$3,954$3,647$3,473
9 years$4,428$4,045$3,692$3,368$3,071$2,905
10 years$3,944$3,565$3,219$2,904$2,617$2,458
11 years$3,549$3,174$2,834$2,527$2,251$2,098
12 years$3,220$2,849$2,515$2,216$1,950$1,805
13 years$2,942$2,574$2,247$1,957$1,701$1,562
14 years$2,704$2,340$2,019$1,737$1,491$1,359
15 years$2,497$2,138$1,823$1,549$1,313$1,187
16 years$2,317$1,961$1,653$1,387$1,160$1,041
17 years$2,158$1,806$1,504$1,246$1,029$915
18 years$2,017$1,669$1,373$1,123$915$807
19 years$1,891$1,547$1,257$1,015$815$713
20 years$1,778$1,437$1,153$919$728$632
21 years$1,675$1,339$1,061$834$652$560
22 years$1,582$1,250$978$758$584$498
23 years$1,497$1,169$903$691$524$443
24 years$1,420$1,095$835$630$471$395
25 years$1,348$1,028$773$575$424$352
26 years$1,283$966$717$526$382$314
27 years$1,222$909$666$482$344$280
28 years$1,166$857$619$441$311$251
29 years$1,113$808$576$405$281$224
30 years$1,065$763$537$371$254$201
31 years$1,019$721$500$341$229$180
32 years$977$683$467$313$207$161
33 years$937$646$436$288$188$144
34 years$899$613$407$265$170$129
35 years$864$581$381$244$154$116
36 years$831$552$356$225$139$104
37 years$799$524$333$207$126$93
38 years$770$498$312$191$115$84
39 years$742$473$292$176$104$75
40 years$715$450$274$162$94$67
41 years$690$429$257$150$85$61
42 years$666$408$241$138$78$54
43 years$643$389$226$128$70$49
44 years$621$371$212$118$64$44
45 years$601$354$199$109$58$39
46 years$581$337$187$101$53$35
47 years$562$322$176$93$48$32
48 years$544$307$165$86$43$29
49 years$527$294$155$79$39$26
50 years$511$280$146$73$36$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $523,000, adding $3,800 every year, while hoping to spend $49,970 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: 37/34/29 Blend
58$523,000$523,000$523,000$523,000
59$580,266$552,547$544,440$596,594
60$586,285$526,454$509,511$582,934
61$591,244$497,408$471,737$563,382
62$594,981$465,211$430,971$541,315
63$597,317$429,654$387,056$516,538
64$598,053$390,517$339,832$488,844
65$596,968$347,566$289,131$458,008
66$593,817$300,555$234,775$423,791
67$588,327$249,223$176,581$385,932
68$580,197$193,295$114,356$344,153
69$569,091$132,480$47,901$298,155
70$554,638$66,472$0$247,612
71$536,427$0$0$199,300
72$514,002$0$0$163,892
73$486,861$0$0$151,387
74$454,444$0$0$136,685
75$416,136$0$0$119,534
76$371,254$0$0$99,654
77$319,042$0$0$76,736
78$258,668$0$0$50,438
79$189,208$0$0$20,383
80$109,645$0$0$0
81$18,852$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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