Can I retire at age 59 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$45,501$45,096$44,700$44,314$43,938$43,424
2 years$22,525$22,106$21,699$21,305$20,923$20,406
3 years$14,868$14,446$14,041$13,650$13,274$12,770
4 years$11,040$10,620$10,218$9,834$9,467$8,980
5 years$8,743$8,326$7,930$7,554$7,197$6,728
6 years$7,213$6,799$6,408$6,041$5,695$5,244
7 years$6,120$5,710$5,325$4,966$4,631$4,199
8 years$5,301$4,894$4,516$4,166$3,842$3,429
9 years$4,665$4,261$3,890$3,549$3,236$2,841
10 years$4,155$3,756$3,391$3,059$2,757$2,380
11 years$3,739$3,344$2,986$2,662$2,371$2,013
12 years$3,393$3,001$2,650$2,335$2,055$1,714
13 years$3,099$2,712$2,367$2,062$1,792$1,468
14 years$2,848$2,465$2,127$1,830$1,571$1,263
15 years$2,631$2,252$1,920$1,632$1,383$1,092
16 years$2,441$2,066$1,741$1,461$1,222$947
17 years$2,274$1,903$1,584$1,313$1,084$824
18 years$2,125$1,758$1,446$1,183$964$718
19 years$1,992$1,630$1,324$1,069$859$627
20 years$1,873$1,514$1,215$968$767$549
21 years$1,765$1,411$1,118$879$686$481
22 years$1,667$1,317$1,030$799$615$423
23 years$1,577$1,232$951$728$552$371
24 years$1,496$1,154$880$664$496$327
25 years$1,421$1,083$815$606$447$288
26 years$1,351$1,018$756$554$402$254
27 years$1,287$958$702$507$363$224
28 years$1,228$903$652$465$327$197
29 years$1,173$851$607$426$296$174
30 years$1,122$804$565$391$267$154
31 years$1,074$760$527$359$241$136
32 years$1,029$719$492$330$218$120
33 years$987$681$459$304$198$106
34 years$947$646$429$279$179$94
35 years$910$612$401$257$162$83
36 years$875$581$375$237$147$74
37 years$842$552$351$218$133$65
38 years$811$525$329$201$121$58
39 years$781$499$308$185$109$51
40 years$753$475$289$171$99$45
41 years$727$452$271$158$90$40
42 years$702$430$254$146$82$36
43 years$678$410$238$134$74$31
44 years$655$391$224$124$67$28
45 years$633$373$210$115$61$25
46 years$612$355$197$106$55$22
47 years$592$339$185$98$50$19
48 years$573$324$174$90$46$17
49 years$555$309$164$84$42$15
50 years$538$295$154$77$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $551,000, adding $3,263 every year, while hoping to spend $41,529 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: 37/40/23 Blend
58$551,000$551,000$551,000$551,000
59$610,568$581,365$572,824$628,838
60$628,659$565,665$547,827$626,778
61$647,204$547,804$520,601$620,464
62$666,205$527,633$491,027$612,811
63$685,662$504,992$458,982$603,723
64$705,577$479,713$424,335$593,100
65$725,948$451,621$386,952$580,835
66$746,771$420,527$346,691$566,813
67$768,041$386,232$303,405$550,916
68$789,752$348,528$256,939$533,015
69$811,893$307,192$207,133$512,975
70$834,453$261,991$153,818$490,654
71$857,415$212,677$96,820$465,899
72$880,762$158,989$35,954$438,550
73$904,471$100,651$0$408,437
74$928,516$37,371$0$382,497
75$952,864$0$0$363,298
76$977,479$0$0$355,573
77$1,002,319$0$0$364,347
78$1,027,335$0$0$373,150
79$1,052,469$0$0$381,958
80$1,077,658$0$0$390,743
81$1,102,829$0$0$399,473
82$1,127,897$0$0$408,113
83$1,152,768$0$0$416,623
84$1,177,336$0$0$424,958
85$1,201,479$0$0$433,067
86$1,225,063$0$0$440,893
87$1,247,935$0$0$448,373
88$1,269,925$0$0$455,434
89$1,290,840$0$0$461,998
90$1,310,467$0$0$467,974
91$1,328,567$0$0$473,264
92$1,344,873$0$0$477,756
93$1,359,087$0$0$481,328
94$1,370,878$0$0$483,842
95$1,379,875$0$0$485,144
96$1,385,670$0$0$485,066
97$1,387,804$0$0$483,418
98$1,385,771$0$0$479,992
99$1,379,008$0$0$474,556
100$1,366,889$0$0$466,852