Can I retire at age 59 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$45,914$45,505$45,106$44,717$44,336$43,441
2 years$22,730$22,306$21,896$21,498$21,112$20,215
3 years$15,003$14,577$14,168$13,774$13,395$12,522
4 years$11,140$10,716$10,311$9,924$9,553$8,712
5 years$8,823$8,401$8,002$7,622$7,262$6,456
6 years$7,279$6,860$6,467$6,096$5,746$4,975
7 years$6,176$5,761$5,374$5,011$4,673$3,937
8 years$5,349$4,939$4,557$4,204$3,877$3,176
9 years$4,707$4,300$3,925$3,581$3,265$2,599
10 years$4,193$3,790$3,422$3,087$2,782$2,150
11 years$3,773$3,374$3,013$2,686$2,393$1,794
12 years$3,423$3,028$2,674$2,356$2,073$1,507
13 years$3,128$2,737$2,389$2,080$1,808$1,273
14 years$2,874$2,488$2,146$1,847$1,585$1,081
15 years$2,655$2,273$1,938$1,647$1,395$921
16 years$2,463$2,085$1,757$1,475$1,233$787
17 years$2,294$1,920$1,599$1,325$1,094$674
18 years$2,144$1,774$1,459$1,194$972$579
19 years$2,010$1,644$1,336$1,079$867$498
20 years$1,890$1,528$1,226$977$774$429
21 years$1,781$1,423$1,128$887$693$370
22 years$1,682$1,329$1,039$806$621$320
23 years$1,592$1,243$960$734$557$277
24 years$1,509$1,164$888$670$501$239
25 years$1,433$1,093$822$612$451$207
26 years$1,364$1,027$762$559$406$180
27 years$1,299$966$708$512$366$156
28 years$1,239$911$658$469$330$135
29 years$1,184$859$613$430$298$117
30 years$1,132$811$571$395$270$102
31 years$1,083$767$532$363$244$89
32 years$1,038$726$496$333$220$77
33 years$996$687$463$306$199$67
34 years$956$651$433$282$181$58
35 years$918$618$405$260$164$50
36 years$883$586$379$239$148$44
37 years$850$557$354$220$134$38
38 years$818$529$332$203$122$33
39 years$788$503$311$187$110$29
40 years$760$479$291$173$100$25
41 years$733$456$273$159$91$22
42 years$708$434$256$147$82$19
43 years$684$414$241$136$75$17
44 years$661$394$226$125$68$14
45 years$639$376$212$116$62$13
46 years$618$359$199$107$56$11
47 years$598$342$187$99$51$9
48 years$579$327$176$91$46$8
49 years$560$312$165$84$42$7
50 years$543$298$155$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $556,000, adding $4,330 every year, while hoping to spend $35,876 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: 55/30/15 Blend
58$556,000$556,000$556,000$556,000
59$617,178$587,710$579,092$648,459
60$641,959$578,336$560,320$660,852
61$668,064$567,301$539,717$670,099
62$695,592$554,484$517,183$679,351
63$724,649$539,760$492,615$688,616
64$755,350$522,995$465,904$697,907
65$787,821$504,047$436,937$707,238
66$822,200$482,766$405,595$716,625
67$858,637$458,994$371,756$726,093
68$897,297$432,564$335,288$735,667
69$938,359$403,298$296,058$745,380
70$982,020$371,007$253,925$755,270
71$1,028,494$335,495$208,740$765,382
72$1,078,018$296,552$160,350$775,769
73$1,130,849$253,956$108,594$786,494
74$1,187,269$207,473$53,306$797,627
75$1,247,588$156,857$0$809,252
76$1,312,144$101,845$0$822,375
77$1,381,310$42,163$0$845,359
78$1,455,494$0$0$869,817
79$1,535,144$0$0$903,346
80$1,620,750$0$0$954,378
81$1,712,852$0$0$1,009,320
82$1,812,042$0$0$1,068,531
83$1,918,971$0$0$1,132,404
84$2,034,352$0$0$1,201,370
85$2,158,972$0$0$1,275,905
86$2,293,692$0$0$1,356,530
87$2,439,460$0$0$1,443,819
88$2,597,318$0$0$1,538,403
89$2,768,413$0$0$1,640,975
90$2,954,004$0$0$1,752,297
91$3,155,476$0$0$1,873,208
92$3,374,353$0$0$2,004,631
93$3,612,312$0$0$2,147,580
94$3,871,196$0$0$2,303,172
95$4,153,036$0$0$2,472,635
96$4,460,062$0$0$2,657,322
97$4,794,734$0$0$2,858,719
98$5,159,753$0$0$3,078,466
99$5,558,097$0$0$3,318,363
100$5,993,042$0$0$3,580,395