Can I retire at age 59 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$46,079$45,669$45,268$44,877$44,496$44,086
2 years$22,811$22,387$21,975$21,576$21,188$20,776
3 years$15,057$14,630$14,219$13,824$13,443$13,040
4 years$11,180$10,755$10,348$9,959$9,588$9,197
5 years$8,854$8,432$8,030$7,650$7,288$6,912
6 years$7,305$6,885$6,490$6,117$5,767$5,405
7 years$6,198$5,782$5,393$5,030$4,690$4,343
8 years$5,369$4,956$4,574$4,219$3,891$3,558
9 years$4,724$4,315$3,939$3,594$3,277$2,959
10 years$4,208$3,804$3,434$3,098$2,792$2,488
11 years$3,787$3,386$3,024$2,696$2,401$2,111
12 years$3,436$3,039$2,683$2,365$2,081$1,805
13 years$3,139$2,747$2,397$2,088$1,814$1,552
14 years$2,885$2,497$2,154$1,853$1,591$1,341
15 years$2,665$2,281$1,945$1,653$1,400$1,164
16 years$2,472$2,093$1,763$1,480$1,238$1,013
17 years$2,303$1,927$1,605$1,330$1,097$885
18 years$2,152$1,781$1,465$1,198$976$775
19 years$2,017$1,650$1,341$1,083$870$680
20 years$1,896$1,534$1,231$981$777$598
21 years$1,787$1,429$1,132$890$695$526
22 years$1,688$1,333$1,043$809$623$464
23 years$1,597$1,247$963$737$559$410
24 years$1,515$1,169$891$672$503$362
25 years$1,439$1,097$825$614$452$321
26 years$1,369$1,031$765$561$408$284
27 years$1,304$970$711$514$367$252
28 years$1,244$914$661$471$332$223
29 years$1,188$862$615$432$299$198
30 years$1,136$814$573$396$271$176
31 years$1,087$770$534$364$245$156
32 years$1,042$728$498$334$221$139
33 years$999$690$465$307$200$123
34 years$959$654$435$283$181$110
35 years$922$620$406$260$164$97
36 years$886$589$380$240$149$87
37 years$853$559$356$221$135$77
38 years$821$531$333$204$122$69
39 years$791$505$312$188$111$61
40 years$763$481$293$173$101$54
41 years$736$457$274$160$91$48
42 years$710$436$257$148$83$43
43 years$686$415$241$136$75$38
44 years$663$396$227$126$68$34
45 years$641$377$213$116$62$30
46 years$620$360$200$107$56$27
47 years$600$344$188$99$51$24
48 years$581$328$176$92$46$22
49 years$562$313$166$85$42$19
50 years$545$299$156$78$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $558,000, adding $4,289 every year, while hoping to spend $45,821 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: 35/41/24 Blend
58$558,000$558,000$558,000$558,000
59$619,340$589,766$581,117$636,390
60$633,760$569,911$551,831$629,542
61$648,114$547,548$520,029$617,671
62$662,349$522,505$485,577$603,946
63$676,401$494,601$448,337$588,232
64$690,202$463,644$408,163$570,383
65$703,671$429,431$364,906$550,245
66$716,721$391,749$318,406$527,653
67$729,253$350,370$268,498$502,428
68$741,154$305,056$215,011$474,384
69$752,302$255,554$157,763$443,319
70$762,556$201,595$96,567$409,018
71$771,762$142,898$31,227$371,250
72$779,746$79,166$0$329,772
73$786,317$10,082$0$294,178
74$791,260$0$0$263,505
75$794,337$0$0$258,686
76$795,282$0$0$257,549
77$793,800$0$0$255,428
78$789,566$0$0$252,196
79$782,216$0$0$247,713
80$771,348$0$0$241,820
81$756,516$0$0$234,345
82$737,225$0$0$225,095
83$712,928$0$0$213,858
84$683,019$0$0$200,396
85$646,827$0$0$184,451
86$603,608$0$0$165,733
87$552,542$0$0$143,924
88$492,718$0$0$118,670
89$423,133$0$0$89,583
90$342,675$0$0$56,231
91$250,116$0$0$18,140
92$144,100$0$0$0
93$23,127$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0