Can I retire at age 59 with 526,000?

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 $526,000?

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$43,437$43,050$42,672$42,304$41,944$41,064
2 years$21,503$21,103$20,715$20,338$19,973$19,090
3 years$14,193$13,791$13,404$13,031$12,672$11,814
4 years$10,539$10,138$9,755$9,388$9,038$8,212
5 years$8,347$7,948$7,570$7,211$6,870$6,078
6 years$6,886$6,490$6,118$5,767$5,436$4,679
7 years$5,843$5,451$5,084$4,741$4,421$3,699
8 years$5,061$4,672$4,311$3,977$3,668$2,981
9 years$4,453$4,068$3,713$3,388$3,089$2,436
10 years$3,967$3,586$3,237$2,920$2,632$2,013
11 years$3,570$3,192$2,850$2,541$2,263$1,677
12 years$3,239$2,865$2,529$2,229$1,961$1,407
13 years$2,959$2,589$2,260$1,968$1,710$1,187
14 years$2,719$2,353$2,031$1,747$1,499$1,006
15 years$2,512$2,150$1,833$1,558$1,320$856
16 years$2,330$1,973$1,662$1,395$1,167$730
17 years$2,171$1,817$1,513$1,253$1,035$625
18 years$2,029$1,679$1,381$1,130$920$536
19 years$1,902$1,556$1,264$1,021$820$460
20 years$1,788$1,446$1,160$924$732$396
21 years$1,685$1,347$1,067$839$655$341
22 years$1,591$1,257$983$763$587$294
23 years$1,506$1,176$908$695$527$254
24 years$1,428$1,102$840$634$474$220
25 years$1,356$1,034$778$579$426$190
26 years$1,290$972$721$529$384$164
27 years$1,229$914$670$484$346$142
28 years$1,172$862$623$444$313$123
29 years$1,120$813$579$407$282$107
30 years$1,071$768$540$373$255$93
31 years$1,025$726$503$343$231$80
32 years$982$687$469$315$209$70
33 years$942$650$438$290$189$60
34 years$904$616$410$267$171$52
35 years$869$584$383$245$155$45
36 years$835$555$358$226$140$39
37 years$804$527$335$208$127$34
38 years$774$501$314$192$115$30
39 years$746$476$294$177$104$26
40 years$719$453$276$163$95$22
41 years$694$431$259$151$86$19
42 years$670$411$243$139$78$17
43 years$647$391$228$128$71$15
44 years$625$373$214$119$64$13
45 years$604$356$201$109$58$11
46 years$584$339$188$101$53$10
47 years$565$324$177$93$48$8
48 years$547$309$166$86$44$7
49 years$530$295$156$80$40$6
50 years$514$282$147$74$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $526,000, adding $3,510 every year, while hoping to spend $33,583 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: 70/12/18 Blend
58$526,000$526,000$526,000$526,000
59$583,273$555,395$547,242$621,351
60$607,034$546,877$529,842$638,650
61$632,094$536,816$510,734$653,254
62$658,549$525,102$489,825$668,394
63$686,505$511,615$467,018$684,119
64$716,077$496,233$442,212$700,482
65$747,391$478,823$415,300$717,546
66$780,585$459,245$386,172$735,378
67$815,809$437,352$354,713$754,055
68$853,227$412,988$320,802$773,660
69$893,019$385,987$284,312$794,289
70$935,382$356,176$245,112$816,047
71$980,532$323,369$203,063$839,051
72$1,028,703$287,371$158,023$863,432
73$1,080,155$247,976$109,841$889,335
74$1,135,170$204,967$58,360$916,924
75$1,194,060$158,112$3,417$946,377
76$1,257,163$107,170$0$977,895
77$1,324,855$51,882$0$1,022,306
78$1,397,544$0$0$1,070,642
79$1,475,681$0$0$1,123,615
80$1,559,758$0$0$1,188,009
81$1,650,319$0$0$1,257,389
82$1,747,958$0$0$1,332,214
83$1,853,329$0$0$1,412,988
84$1,967,151$0$0$1,500,265
85$2,090,213$0$0$1,594,654
86$2,223,384$0$0$1,696,823
87$2,367,617$0$0$1,807,508
88$2,523,962$0$0$1,927,518
89$2,693,571$0$0$2,057,742
90$2,877,714$0$0$2,199,157
91$3,077,785$0$0$2,352,840
92$3,295,320$0$0$2,519,973
93$3,532,007$0$0$2,701,859
94$3,789,704$0$0$2,899,931
95$4,070,455$0$0$3,115,763
96$4,376,510$0$0$3,351,092
97$4,710,345$0$0$3,607,826
98$5,074,685$0$0$3,888,068
99$5,472,530$0$0$4,194,129
100$5,907,182$0$0$4,528,558