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%14.4%
1 years$45,501$45,096$44,700$44,314$43,938$43,139
2 years$22,525$22,106$21,699$21,305$20,923$20,121
3 years$14,868$14,446$14,041$13,650$13,274$12,494
4 years$11,040$10,620$10,218$9,834$9,467$8,715
5 years$8,743$8,326$7,930$7,554$7,197$6,475
6 years$7,213$6,799$6,408$6,041$5,695$5,003
7 years$6,120$5,710$5,325$4,966$4,631$3,971
8 years$5,301$4,894$4,516$4,166$3,842$3,213
9 years$4,665$4,261$3,890$3,549$3,236$2,637
10 years$4,155$3,756$3,391$3,059$2,757$2,188
11 years$3,739$3,344$2,986$2,662$2,371$1,831
12 years$3,393$3,001$2,650$2,335$2,055$1,543
13 years$3,099$2,712$2,367$2,062$1,792$1,308
14 years$2,848$2,465$2,127$1,830$1,571$1,114
15 years$2,631$2,252$1,920$1,632$1,383$952
16 years$2,441$2,066$1,741$1,461$1,222$817
17 years$2,274$1,903$1,584$1,313$1,084$702
18 years$2,125$1,758$1,446$1,183$964$605
19 years$1,992$1,630$1,324$1,069$859$523
20 years$1,873$1,514$1,215$968$767$452
21 years$1,765$1,411$1,118$879$686$392
22 years$1,667$1,317$1,030$799$615$340
23 years$1,577$1,232$951$728$552$295
24 years$1,496$1,154$880$664$496$256
25 years$1,421$1,083$815$606$447$223
26 years$1,351$1,018$756$554$402$194
27 years$1,287$958$702$507$363$169
28 years$1,228$903$652$465$327$147
29 years$1,173$851$607$426$296$128
30 years$1,122$804$565$391$267$112
31 years$1,074$760$527$359$241$97
32 years$1,029$719$492$330$218$85
33 years$987$681$459$304$198$74
34 years$947$646$429$279$179$65
35 years$910$612$401$257$162$57
36 years$875$581$375$237$147$49
37 years$842$552$351$218$133$43
38 years$811$525$329$201$121$38
39 years$781$499$308$185$109$33
40 years$753$475$289$171$99$29
41 years$727$452$271$158$90$25
42 years$702$430$254$146$82$22
43 years$678$410$238$134$74$19
44 years$655$391$224$124$67$17
45 years$633$373$210$115$61$15
46 years$612$355$197$106$55$13
47 years$592$339$185$98$50$11
48 years$573$324$174$90$46$10
49 years$555$309$164$84$42$9
50 years$538$295$154$77$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $551,000, adding $2,240 every year, while hoping to spend $39,337 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: 84/5/11 Blend
58$551,000$551,000$551,000$551,000
59$609,513$580,310$571,769$659,440
60$629,829$566,890$549,069$679,017
61$650,898$551,495$524,290$695,017
62$672,757$533,986$497,321$711,392
63$695,443$514,216$468,046$728,156
64$718,996$492,030$436,343$745,323
65$743,459$467,265$402,086$762,912
66$768,877$439,746$365,141$780,939
67$795,300$409,291$325,371$799,425
68$822,780$375,706$282,630$818,393
69$851,374$338,785$236,768$837,866
70$881,140$298,313$187,627$857,871
71$912,146$254,059$135,041$878,438
72$944,459$205,783$78,840$899,599
73$978,156$153,228$18,843$921,389
74$1,013,316$96,124$0$943,849
75$1,050,028$34,188$0$972,326
76$1,088,385$0$0$1,004,268
77$1,128,489$0$0$1,039,349
78$1,170,449$0$0$1,078,025
79$1,214,386$0$0$1,118,525
80$1,260,427$0$0$1,160,968
81$1,308,713$0$0$1,205,484
82$1,359,396$0$0$1,252,212
83$1,412,640$0$0$1,301,304
84$1,468,624$0$0$1,352,928
85$1,527,543$0$0$1,407,262
86$1,589,609$0$0$1,464,503
87$1,655,053$0$0$1,524,863
88$1,724,127$0$0$1,588,577
89$1,797,104$0$0$1,655,897
90$1,874,284$0$0$1,727,100
91$1,955,993$0$0$1,802,488
92$2,042,588$0$0$1,882,391
93$2,134,460$0$0$1,967,170
94$2,232,033$0$0$2,057,219
95$2,335,774$0$0$2,152,969
96$2,446,193$0$0$2,254,892
97$2,563,848$0$0$2,363,504
98$2,689,351$0$0$2,479,370
99$2,823,371$0$0$2,603,111
100$2,966,641$0$0$2,735,405