Can I retire at age 59 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$46,162$45,751$45,349$44,958$44,575$43,819
2 years$22,852$22,427$22,014$21,614$21,226$20,467
3 years$15,084$14,656$14,245$13,849$13,467$12,727
4 years$11,200$10,774$10,366$9,977$9,605$8,891
5 years$8,870$8,447$8,045$7,663$7,301$6,616
6 years$7,318$6,897$6,501$6,128$5,777$5,121
7 years$6,209$5,792$5,403$5,039$4,698$4,071
8 years$5,378$4,965$4,582$4,227$3,898$3,299
9 years$4,732$4,323$3,946$3,600$3,283$2,713
10 years$4,216$3,811$3,441$3,103$2,797$2,255
11 years$3,793$3,392$3,029$2,701$2,405$1,891
12 years$3,442$3,045$2,688$2,369$2,084$1,597
13 years$3,144$2,752$2,402$2,092$1,818$1,356
14 years$2,890$2,501$2,158$1,857$1,593$1,157
15 years$2,669$2,285$1,948$1,656$1,403$991
16 years$2,477$2,096$1,766$1,483$1,240$852
17 years$2,307$1,931$1,607$1,332$1,099$734
18 years$2,156$1,784$1,467$1,200$978$634
19 years$2,021$1,653$1,343$1,085$871$549
20 years$1,900$1,536$1,233$982$778$476
21 years$1,790$1,431$1,134$892$696$413
22 years$1,691$1,336$1,045$811$624$359
23 years$1,600$1,249$965$738$560$312
24 years$1,517$1,171$892$673$504$272
25 years$1,441$1,099$827$615$453$237
26 years$1,371$1,032$767$562$408$207
27 years$1,306$972$712$515$368$181
28 years$1,246$916$662$472$332$158
29 years$1,190$864$616$432$300$138
30 years$1,138$816$574$397$271$120
31 years$1,089$771$535$364$245$105
32 years$1,044$730$499$335$222$92
33 years$1,001$691$466$308$201$81
34 years$961$655$435$283$182$70
35 years$923$621$407$261$164$62
36 years$888$590$381$240$149$54
37 years$854$560$356$221$135$47
38 years$823$532$334$204$122$41
39 years$793$506$313$188$111$36
40 years$764$481$293$174$101$32
41 years$737$458$275$160$91$28
42 years$712$436$258$148$83$24
43 years$687$416$242$136$75$21
44 years$664$396$227$126$68$19
45 years$642$378$213$116$62$16
46 years$621$361$200$107$56$14
47 years$601$344$188$99$51$13
48 years$582$329$177$92$46$11
49 years$563$314$166$85$42$10
50 years$546$300$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $559,000, adding $3,292 every year, while hoping to spend $42,346 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: 47/27/26 Blend
58$559,000$559,000$559,000$559,000
59$619,414$589,787$581,122$643,780
60$637,538$573,630$555,534$645,102
61$656,092$555,263$527,669$642,121
62$675,074$534,532$497,407$638,052
63$694,483$511,275$464,621$632,813
64$714,313$485,321$429,179$626,318
65$734,560$456,488$390,943$618,476
66$755,214$424,585$349,769$609,190
67$776,265$389,409$305,506$598,356
68$797,701$350,747$257,997$585,865
69$819,504$308,371$207,077$571,599
70$841,654$262,042$152,575$555,436
71$864,129$211,508$94,312$537,243
72$886,899$156,501$32,101$516,880
73$909,933$96,740$0$494,198
74$933,193$31,927$0$478,551
75$956,634$0$0$470,379
76$980,206$0$0$472,013
77$1,003,851$0$0$483,136
78$1,027,504$0$0$494,228
79$1,051,088$0$0$505,248
80$1,074,520$0$0$516,151
81$1,097,703$0$0$526,886
82$1,120,529$0$0$537,396
83$1,142,875$0$0$547,616
84$1,164,603$0$0$557,474
85$1,185,561$0$0$566,888
86$1,205,574$0$0$575,768
87$1,224,450$0$0$584,013
88$1,241,972$0$0$591,508
89$1,257,900$0$0$598,127
90$1,271,963$0$0$603,729
91$1,283,862$0$0$608,157
92$1,293,263$0$0$611,236
93$1,299,793$0$0$612,773
94$1,303,041$0$0$612,551
95$1,302,545$0$0$610,331
96$1,297,797$0$0$605,846
97$1,288,230$0$0$598,801
98$1,273,215$0$0$588,869
99$1,252,058$0$0$575,687
100$1,223,984$0$0$558,854