Can I retire at age 59 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$44,428$44,032$43,646$43,269$42,901$42,382
2 years$21,994$21,584$21,187$20,802$20,429$19,907
3 years$14,517$14,106$13,710$13,328$12,961$12,452
4 years$10,779$10,369$9,977$9,602$9,244$8,752
5 years$8,537$8,129$7,743$7,375$7,027$6,553
6 years$7,043$6,638$6,257$5,898$5,560$5,105
7 years$5,976$5,575$5,200$4,849$4,522$4,086
8 years$5,176$4,779$4,410$4,068$3,751$3,334
9 years$4,555$4,161$3,798$3,465$3,159$2,761
10 years$4,057$3,667$3,311$2,987$2,692$2,312
11 years$3,651$3,265$2,915$2,599$2,315$1,954
12 years$3,312$2,930$2,587$2,280$2,006$1,662
13 years$3,026$2,648$2,311$2,013$1,749$1,423
14 years$2,781$2,407$2,077$1,787$1,534$1,224
15 years$2,569$2,199$1,875$1,594$1,350$1,057
16 years$2,384$2,018$1,700$1,427$1,193$916
17 years$2,220$1,858$1,547$1,282$1,058$796
18 years$2,075$1,717$1,412$1,155$941$694
19 years$1,945$1,591$1,293$1,044$839$606
20 years$1,828$1,479$1,186$946$749$530
21 years$1,723$1,377$1,091$858$670$464
22 years$1,627$1,286$1,006$780$601$407
23 years$1,540$1,202$929$711$539$358
24 years$1,460$1,127$859$648$485$314
25 years$1,387$1,057$796$592$436$277
26 years$1,319$994$738$541$393$244
27 years$1,257$935$685$495$354$215
28 years$1,199$881$637$454$320$189
29 years$1,145$831$593$416$289$167
30 years$1,095$785$552$382$261$147
31 years$1,048$742$515$351$236$130
32 years$1,005$702$480$322$213$115
33 years$963$665$448$296$193$102
34 years$925$630$419$273$175$90
35 years$889$598$392$251$158$79
36 years$854$567$366$231$143$70
37 years$822$539$343$213$130$62
38 years$792$512$321$196$118$55
39 years$763$487$301$181$107$49
40 years$736$463$282$167$97$43
41 years$710$441$264$154$88$38
42 years$685$420$248$142$80$34
43 years$662$400$233$131$72$30
44 years$639$382$218$121$66$26
45 years$618$364$205$112$60$23
46 years$598$347$193$103$54$21
47 years$578$331$181$96$49$18
48 years$560$316$170$88$45$16
49 years$542$302$160$82$41$14
50 years$525$288$150$75$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $538,000, adding $2,372 every year, while hoping to spend $33,413 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: 31/42/27 Blend
58$538,000$538,000$538,000$538,000
59$595,323$566,809$558,470$608,787
60$620,494$559,031$541,627$611,587
61$647,114$549,753$523,101$611,492
62$675,293$538,864$502,798$610,727
63$705,156$526,251$480,625$609,256
64$736,835$511,791$456,479$607,045
65$770,477$495,354$430,256$604,057
66$806,244$476,804$401,848$600,255
67$844,309$455,996$371,138$595,605
68$884,866$432,777$338,009$590,071
69$928,125$406,986$302,334$583,619
70$974,316$378,450$263,984$576,216
71$1,023,691$346,989$222,823$567,830
72$1,076,527$312,411$178,707$558,431
73$1,133,127$274,514$131,488$547,994
74$1,193,825$233,084$81,012$536,494
75$1,258,985$187,895$27,116$523,911
76$1,329,009$138,709$0$510,230
77$1,404,335$85,273$0$504,200
78$1,485,447$27,321$0$505,964
79$1,572,876$0$0$507,759
80$1,667,204$0$0$526,028
81$1,769,071$0$0$559,456
82$1,879,180$0$0$595,658
83$1,998,305$0$0$634,894
84$2,127,295$0$0$677,455
85$2,267,085$0$0$723,658
86$2,418,702$0$0$773,853
87$2,583,275$0$0$828,423
88$2,762,048$0$0$887,792
89$2,956,387$0$0$952,425
90$3,167,796$0$0$1,022,834
91$3,397,929$0$0$1,099,583
92$3,648,606$0$0$1,183,291
93$3,921,831$0$0$1,274,641
94$4,219,809$0$0$1,374,384
95$4,544,967$0$0$1,483,348
96$4,899,974$0$0$1,602,443
97$5,287,772$0$0$1,732,671
98$5,711,598$0$0$1,875,135
99$6,175,014$0$0$2,031,052
100$6,681,945$0$0$2,201,758