Can I retire at age 59 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$45,666$45,259$44,863$44,475$44,097$43,893
2 years$22,607$22,186$21,778$21,382$20,999$20,792
3 years$14,922$14,499$14,092$13,700$13,322$13,121
4 years$11,080$10,658$10,255$9,870$9,502$9,306
5 years$8,775$8,356$7,958$7,581$7,223$7,034
6 years$7,239$6,823$6,432$6,063$5,715$5,533
7 years$6,143$5,730$5,345$4,984$4,648$4,473
8 years$5,321$4,912$4,533$4,181$3,856$3,688
9 years$4,681$4,277$3,904$3,562$3,247$3,086
10 years$4,171$3,770$3,404$3,070$2,767$2,612
11 years$3,753$3,356$2,997$2,672$2,380$2,232
12 years$3,405$3,012$2,659$2,344$2,062$1,921
13 years$3,111$2,722$2,376$2,069$1,798$1,663
14 years$2,859$2,474$2,135$1,837$1,576$1,448
15 years$2,641$2,260$1,927$1,638$1,388$1,266
16 years$2,450$2,074$1,747$1,467$1,227$1,110
17 years$2,282$1,910$1,590$1,318$1,088$977
18 years$2,133$1,765$1,452$1,188$967$862
19 years$1,999$1,636$1,329$1,073$862$763
20 years$1,879$1,520$1,220$972$770$676
21 years$1,771$1,416$1,122$882$689$600
22 years$1,673$1,322$1,034$802$618$533
23 years$1,583$1,236$955$730$554$475
24 years$1,501$1,158$883$666$498$423
25 years$1,426$1,087$818$608$448$378
26 years$1,356$1,021$758$556$404$337
27 years$1,292$961$704$509$364$302
28 years$1,233$906$655$466$329$270
29 years$1,177$854$609$428$297$242
30 years$1,126$807$567$393$268$216
31 years$1,078$763$529$361$242$194
32 years$1,033$722$494$331$219$174
33 years$990$684$461$305$198$156
34 years$951$648$431$280$180$140
35 years$913$615$403$258$163$126
36 years$878$583$377$238$147$113
37 years$845$554$353$219$134$101
38 years$814$526$330$202$121$91
39 years$784$501$309$186$110$82
40 years$756$476$290$172$100$73
41 years$729$453$272$158$90$66
42 years$704$432$255$146$82$59
43 years$680$411$239$135$74$53
44 years$657$392$225$125$68$48
45 years$635$374$211$115$61$43
46 years$614$357$198$106$56$39
47 years$594$340$186$98$51$35
48 years$575$325$175$91$46$31
49 years$557$310$164$84$42$28
50 years$540$296$155$78$38$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $553,000, adding $4,169 every year, while hoping to spend $22,964 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: 76/17/7 Blend
58$553,000$553,000$553,000$553,000
59$613,706$584,397$575,826$659,486
60$651,871$588,599$570,682$694,361
61$693,159$592,237$564,597$729,216
62$737,864$595,260$557,514$766,754
63$786,310$597,612$549,375$807,232
64$838,853$599,234$540,118$850,932
65$895,884$600,065$529,680$898,166
66$957,833$600,037$517,994$949,279
67$1,025,174$599,081$504,989$1,004,649
68$1,098,428$597,122$490,592$1,064,694
69$1,178,167$594,080$474,726$1,129,873
70$1,265,022$589,872$457,311$1,200,696
71$1,359,687$584,409$438,264$1,277,720
72$1,462,925$577,595$417,496$1,361,561
73$1,575,576$569,330$394,915$1,452,900
74$1,698,567$559,509$370,426$1,552,486
75$1,832,914$548,018$343,929$1,661,143
76$1,979,739$534,738$315,318$1,779,782
77$2,140,275$519,544$284,485$1,909,406
78$2,315,883$502,301$251,315$2,051,121
79$2,508,058$482,869$215,688$2,206,147
80$2,718,447$461,096$177,481$2,375,828
81$2,948,864$436,826$136,562$2,561,645
82$3,201,308$409,890$92,797$2,765,232
83$3,477,978$380,112$46,043$2,988,390
84$3,781,299$347,304$0$3,233,106
85$4,113,937$311,268$0$3,501,854
86$4,478,834$271,795$0$3,800,449
87$4,879,226$228,664$0$4,128,122
88$5,318,680$181,641$0$4,487,816
89$5,801,124$130,480$0$4,882,778
90$6,330,886$74,921$0$5,316,586
91$6,912,731$14,687$0$5,793,183
92$7,551,912$0$0$6,316,915
93$8,254,214$0$0$6,902,021
94$9,026,007$0$0$7,548,066
95$9,874,315$0$0$8,258,182
96$10,806,871$0$0$9,038,846
97$11,832,198$0$0$9,897,195
98$12,959,682$0$0$10,841,092
99$14,199,670$0$0$11,879,200
100$15,563,556$0$0$13,021,063