Can I retire at age 59 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$45,831$45,423$45,025$44,636$44,256$43,649
2 years$22,689$22,266$21,857$21,460$21,075$20,464
3 years$14,976$14,551$14,143$13,749$13,371$12,775
4 years$11,120$10,697$10,292$9,906$9,536$8,961
5 years$8,807$8,386$7,987$7,609$7,249$6,696
6 years$7,265$6,848$6,455$6,085$5,736$5,205
7 years$6,165$5,751$5,364$5,002$4,665$4,157
8 years$5,340$4,930$4,549$4,196$3,870$3,384
9 years$4,698$4,292$3,918$3,574$3,259$2,796
10 years$4,186$3,783$3,416$3,081$2,777$2,335
11 years$3,766$3,368$3,007$2,682$2,388$1,968
12 years$3,417$3,023$2,669$2,352$2,070$1,671
13 years$3,122$2,732$2,385$2,077$1,805$1,426
14 years$2,869$2,483$2,143$1,843$1,582$1,224
15 years$2,650$2,268$1,934$1,644$1,393$1,054
16 years$2,459$2,081$1,754$1,472$1,231$911
17 years$2,290$1,917$1,596$1,323$1,092$789
18 years$2,140$1,771$1,457$1,192$971$686
19 years$2,007$1,642$1,334$1,077$865$597
20 years$1,886$1,525$1,224$975$773$521
21 years$1,778$1,421$1,126$885$691$455
22 years$1,679$1,326$1,038$805$620$398
23 years$1,589$1,240$958$733$556$348
24 years$1,507$1,162$886$669$500$305
25 years$1,431$1,091$821$611$450$268
26 years$1,361$1,025$761$558$405$235
27 years$1,297$965$707$511$365$206
28 years$1,237$909$657$468$330$181
29 years$1,181$858$611$429$298$160
30 years$1,130$810$570$394$269$140
31 years$1,081$766$531$362$243$124
32 years$1,036$724$495$333$220$109
33 years$994$686$463$306$199$96
34 years$954$650$432$281$180$84
35 years$917$617$404$259$163$74
36 years$881$585$378$239$148$66
37 years$848$556$354$220$134$58
38 years$817$528$331$203$122$51
39 years$787$502$310$187$110$45
40 years$759$478$291$172$100$40
41 years$732$455$273$159$91$35
42 years$707$433$256$147$82$31
43 years$682$413$240$135$75$27
44 years$659$394$225$125$68$24
45 years$637$375$212$115$62$21
46 years$617$358$199$107$56$19
47 years$597$342$187$99$51$16
48 years$578$326$175$91$46$15
49 years$559$311$165$84$42$13
50 years$542$298$155$78$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $555,000, adding $6,023 every year, while hoping to spend $26,254 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: 58/13/29 Blend
58$555,000$555,000$555,000$555,000
59$617,823$588,408$579,805$648,438
60$652,907$589,306$571,295$671,003
61$690,689$589,368$561,619$692,327
62$731,418$588,525$550,712$715,043
63$775,365$586,705$538,503$739,295
64$822,828$583,830$524,919$765,241
65$874,137$579,818$509,884$793,057
66$929,652$574,582$493,318$822,938
67$989,769$568,029$475,137$855,100
68$1,054,925$560,062$455,254$889,782
69$1,125,599$550,577$433,576$927,248
70$1,202,319$539,464$410,010$967,793
71$1,285,664$526,607$384,454$1,011,742
72$1,376,273$511,881$356,804$1,059,453
73$1,474,848$495,158$326,952$1,111,326
74$1,582,160$476,298$294,782$1,167,801
75$1,699,059$455,156$260,177$1,229,366
76$1,826,481$431,577$223,011$1,296,560
77$1,965,455$405,397$183,154$1,369,979
78$2,117,113$376,443$140,472$1,450,285
79$2,282,703$344,533$94,822$1,538,205
80$2,463,597$309,473$46,057$1,634,548
81$2,661,306$271,059$0$1,740,204
82$2,877,493$229,075$0$1,858,012
83$3,113,991$183,293$0$2,002,538
84$3,372,815$133,472$0$2,160,771
85$3,656,188$79,358$0$2,334,096
86$3,966,553$20,681$0$2,524,038
87$4,306,606$0$0$2,732,281
88$4,679,310$0$0$2,966,807
89$5,087,934$0$0$3,227,226
90$5,536,074$0$0$3,512,879
91$6,027,694$0$0$3,826,298
92$6,567,157$0$0$4,170,271
93$7,159,272$0$0$4,547,870
94$7,809,333$0$0$4,962,480
95$8,523,175$0$0$5,417,828
96$9,307,224$0$0$5,918,020
97$10,168,558$0$0$6,467,581
98$11,114,977$0$0$7,071,493
99$12,155,070$0$0$7,735,248
100$13,298,304$0$0$8,464,893