Can I retire at age 59 with 527,000?

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 $527,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$43,519$43,132$42,753$42,384$42,024$41,379
2 years$21,544$21,143$20,754$20,377$20,011$19,363
3 years$14,220$13,817$13,429$13,056$12,696$12,065
4 years$10,559$10,157$9,773$9,406$9,055$8,445
5 years$8,363$7,963$7,584$7,225$6,883$6,297
6 years$6,899$6,503$6,129$5,778$5,447$4,885
7 years$5,854$5,461$5,093$4,750$4,430$3,892
8 years$5,070$4,681$4,320$3,985$3,675$3,162
9 years$4,461$4,076$3,720$3,394$3,095$2,605
10 years$3,974$3,592$3,244$2,926$2,637$2,171
11 years$3,576$3,198$2,856$2,546$2,268$1,825
12 years$3,245$2,870$2,534$2,233$1,965$1,546
13 years$2,964$2,594$2,264$1,972$1,714$1,316
14 years$2,724$2,358$2,034$1,750$1,502$1,126
15 years$2,517$2,154$1,837$1,561$1,323$967
16 years$2,335$1,976$1,665$1,398$1,169$833
17 years$2,175$1,820$1,515$1,256$1,036$720
18 years$2,032$1,682$1,383$1,132$922$624
19 years$1,905$1,559$1,266$1,023$821$542
20 years$1,791$1,448$1,162$926$734$471
21 years$1,688$1,349$1,069$841$657$410
22 years$1,594$1,259$985$764$589$358
23 years$1,509$1,178$910$696$528$312
24 years$1,431$1,104$841$635$475$273
25 years$1,359$1,036$779$580$427$238
26 years$1,292$973$723$530$385$209
27 years$1,231$916$671$485$347$183
28 years$1,175$863$624$445$313$160
29 years$1,122$814$581$408$283$140
30 years$1,073$769$541$374$255$123
31 years$1,027$727$504$344$231$108
32 years$984$688$470$316$209$95
33 years$944$651$439$290$189$83
34 years$906$617$410$267$171$73
35 years$870$586$384$246$155$64
36 years$837$556$359$227$140$56
37 years$805$528$336$209$127$49
38 years$776$502$315$192$115$43
39 years$747$477$295$177$105$38
40 years$720$454$276$164$95$34
41 years$695$432$259$151$86$29
42 years$671$411$243$139$78$26
43 years$648$392$228$129$71$23
44 years$626$374$214$119$64$20
45 years$605$356$201$110$58$18
46 years$585$340$189$101$53$15
47 years$567$324$177$94$48$14
48 years$548$310$167$86$44$12
49 years$531$296$157$80$40$11
50 years$515$283$147$74$36$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $527,000, adding $3,261 every year, while hoping to spend $20,032 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: 53/28/19 Blend
58$527,000$527,000$527,000$527,000
59$584,118$556,187$548,018$611,885
60$622,384$562,126$545,063$637,229
61$663,882$567,685$541,337$662,417
62$708,920$572,824$536,794$689,391
63$757,837$577,500$531,385$718,326
64$811,008$581,668$525,057$749,417
65$868,842$585,281$517,757$782,879
66$931,790$588,287$509,429$818,951
67$1,000,351$590,631$500,013$857,894
68$1,075,071$592,256$489,448$899,999
69$1,156,552$593,100$477,668$945,587
70$1,245,456$593,098$464,606$995,013
71$1,342,513$592,180$450,190$1,048,668
72$1,448,526$590,273$434,348$1,106,985
73$1,564,377$587,299$417,001$1,170,441
74$1,691,041$583,173$398,067$1,239,565
75$1,829,588$577,810$377,464$1,314,941
76$1,981,198$571,114$355,100$1,397,211
77$2,147,169$562,988$330,885$1,487,088
78$2,328,932$553,326$304,721$1,585,357
79$2,528,061$542,017$276,508$1,692,886
80$2,746,291$528,943$246,139$1,810,632
81$2,985,532$513,981$213,504$1,939,652
82$3,247,888$496,998$178,488$2,081,115
83$3,535,676$477,854$140,970$2,236,309
84$3,851,448$456,402$100,826$2,406,657
85$4,198,016$432,486$57,924$2,593,729
86$4,578,476$405,940$12,127$2,799,258
87$4,996,239$376,589$0$3,025,158
88$5,455,063$344,250$0$3,280,989
89$5,959,086$308,725$0$3,564,739
90$6,512,870$269,810$0$3,876,550
91$7,121,437$227,285$0$4,219,292
92$7,790,323$180,921$0$4,596,128
93$8,525,623$130,473$0$5,010,549
94$9,334,055$75,685$0$5,466,401
95$10,223,021$16,286$0$5,967,928
96$11,200,673$0$0$6,519,807
97$12,275,995$0$0$7,141,988
98$13,458,884$0$0$7,831,987
99$14,760,247$0$0$8,591,154
100$16,192,098$0$0$9,426,505