Can I retire at age 59 with 554,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$45,749$45,341$44,944$44,556$44,177$43,807
2 years$22,648$22,226$21,817$21,421$21,037$20,663
3 years$14,949$14,525$14,117$13,725$13,346$12,982
4 years$11,100$10,677$10,274$9,888$9,519$9,166
5 years$8,791$8,371$7,973$7,595$7,236$6,896
6 years$7,252$6,836$6,443$6,074$5,726$5,398
7 years$6,154$5,741$5,354$4,993$4,656$4,342
8 years$5,330$4,921$4,541$4,189$3,863$3,562
9 years$4,690$4,284$3,911$3,568$3,253$2,965
10 years$4,178$3,777$3,410$3,076$2,772$2,496
11 years$3,760$3,362$3,002$2,677$2,384$2,121
12 years$3,411$3,018$2,664$2,348$2,066$1,815
13 years$3,116$2,727$2,380$2,073$1,801$1,563
14 years$2,864$2,479$2,139$1,840$1,579$1,352
15 years$2,645$2,264$1,931$1,641$1,390$1,175
16 years$2,454$2,078$1,751$1,469$1,229$1,025
17 years$2,286$1,913$1,593$1,320$1,090$896
18 years$2,137$1,768$1,454$1,190$969$786
19 years$2,003$1,639$1,331$1,075$864$691
20 years$1,883$1,523$1,222$974$771$608
21 years$1,774$1,418$1,124$884$690$536
22 years$1,676$1,324$1,036$803$619$474
23 years$1,586$1,238$956$732$555$419
24 years$1,504$1,160$884$667$499$371
25 years$1,428$1,089$819$609$449$329
26 years$1,359$1,023$760$557$405$291
27 years$1,294$963$705$510$365$259
28 years$1,235$907$656$467$329$230
29 years$1,179$856$610$429$297$204
30 years$1,128$808$568$393$269$182
31 years$1,080$764$530$361$243$161
32 years$1,034$723$494$332$220$144
33 years$992$685$462$305$199$128
34 years$952$649$431$281$180$114
35 years$915$616$403$259$163$101
36 years$880$584$377$238$148$90
37 years$847$555$353$219$134$81
38 years$815$527$331$202$121$72
39 years$786$502$310$186$110$64
40 years$757$477$290$172$100$57
41 years$731$454$272$159$91$51
42 years$705$433$255$146$82$45
43 years$681$412$240$135$75$41
44 years$658$393$225$125$68$36
45 years$636$375$211$115$61$32
46 years$615$357$198$106$56$29
47 years$596$341$186$98$51$26
48 years$577$326$175$91$46$23
49 years$558$311$165$84$42$20
50 years$541$297$155$78$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $554,000, adding $5,545 every year, while hoping to spend $26,817 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: 82/9/9 Blend
58$554,000$554,000$554,000$554,000
59$616,228$586,866$578,279$665,522
60$650,550$587,089$569,118$698,825
61$687,474$586,424$558,752$731,246
62$727,237$584,800$547,111$766,026
63$770,100$582,140$534,124$803,387
64$816,349$578,363$519,715$843,572
65$866,297$573,384$503,806$886,850
66$920,291$567,111$486,315$933,517
67$978,709$559,448$467,155$983,899
68$1,041,969$550,293$446,237$1,038,355
69$1,110,530$539,537$423,466$1,097,281
70$1,184,896$527,066$398,744$1,161,112
71$1,265,622$512,759$371,968$1,230,329
72$1,353,317$496,486$343,031$1,305,461
73$1,448,653$478,112$311,820$1,387,092
74$1,552,369$457,492$278,219$1,475,864
75$1,665,276$434,475$242,105$1,572,485
76$1,788,268$408,898$203,349$1,677,737
77$1,922,329$380,592$161,819$1,792,479
78$2,068,542$349,376$117,375$1,917,660
79$2,228,097$315,060$69,872$2,054,326
80$2,402,308$277,442$19,157$2,203,628
81$2,592,616$236,309$0$2,366,836
82$2,800,612$191,438$0$2,548,708
83$3,028,045$142,589$0$2,749,611
84$3,276,842$89,512$0$2,969,419
85$3,549,124$31,943$0$3,210,026
86$3,847,228$0$0$3,473,514
87$4,173,725$0$0$3,765,193
88$4,531,448$0$0$4,088,246
89$4,923,518$0$0$4,442,329
90$5,353,369$0$0$4,830,547
91$5,824,785$0$0$5,256,318
92$6,341,936$0$0$5,723,410
93$6,909,411$0$0$6,235,969
94$7,532,268$0$0$6,798,566
95$8,216,075$0$0$7,416,234
96$8,966,970$0$0$8,094,516
97$9,791,712$0$0$8,839,520
98$10,697,745$0$0$9,657,976
99$11,693,273$0$0$10,557,293
100$12,787,332$0$0$11,545,638