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%16.9%
1 years$46,162$45,751$45,349$44,958$44,575$43,322
2 years$22,852$22,427$22,014$21,614$21,226$19,973
3 years$15,084$14,656$14,245$13,849$13,467$12,253
4 years$11,200$10,774$10,366$9,977$9,605$8,440
5 years$8,870$8,447$8,045$7,663$7,301$6,188
6 years$7,318$6,897$6,501$6,128$5,777$4,717
7 years$6,209$5,792$5,403$5,039$4,698$3,691
8 years$5,378$4,965$4,582$4,227$3,898$2,943
9 years$4,732$4,323$3,946$3,600$3,283$2,379
10 years$4,216$3,811$3,441$3,103$2,797$1,944
11 years$3,793$3,392$3,029$2,701$2,405$1,602
12 years$3,442$3,045$2,688$2,369$2,084$1,328
13 years$3,144$2,752$2,402$2,092$1,818$1,107
14 years$2,890$2,501$2,158$1,857$1,593$927
15 years$2,669$2,285$1,948$1,656$1,403$779
16 years$2,477$2,096$1,766$1,483$1,240$656
17 years$2,307$1,931$1,607$1,332$1,099$554
18 years$2,156$1,784$1,467$1,200$978$469
19 years$2,021$1,653$1,343$1,085$871$397
20 years$1,900$1,536$1,233$982$778$337
21 years$1,790$1,431$1,134$892$696$287
22 years$1,691$1,336$1,045$811$624$244
23 years$1,600$1,249$965$738$560$207
24 years$1,517$1,171$892$673$504$177
25 years$1,441$1,099$827$615$453$151
26 years$1,371$1,032$767$562$408$129
27 years$1,306$972$712$515$368$110
28 years$1,246$916$662$472$332$94
29 years$1,190$864$616$432$300$80
30 years$1,138$816$574$397$271$68
31 years$1,089$771$535$364$245$58
32 years$1,044$730$499$335$222$50
33 years$1,001$691$466$308$201$43
34 years$961$655$435$283$182$36
35 years$923$621$407$261$164$31
36 years$888$590$381$240$149$27
37 years$854$560$356$221$135$23
38 years$823$532$334$204$122$19
39 years$793$506$313$188$111$17
40 years$764$481$293$174$101$14
41 years$737$458$275$160$91$12
42 years$712$436$258$148$83$10
43 years$687$416$242$136$75$9
44 years$664$396$227$126$68$8
45 years$642$378$213$116$62$7
46 years$621$361$200$107$56$6
47 years$601$344$188$99$51$5
48 years$582$329$177$92$46$4
49 years$563$314$166$85$42$3
50 years$546$300$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $559,000, adding $6,743 every year, while hoping to spend $37,103 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: 37/50/13 Blend
58$559,000$559,000$559,000$559,000
59$622,973$593,346$584,682$643,313
60$647,039$582,943$564,791$648,089
61$672,317$570,786$542,991$649,173
62$698,889$556,751$519,178$649,533
63$726,849$540,706$493,244$649,121
64$756,297$522,509$465,076$647,890
65$787,340$502,012$434,557$645,790
66$820,097$479,060$401,563$642,772
67$854,698$453,484$365,966$638,783
68$891,282$425,111$327,632$633,770
69$930,005$393,753$286,419$627,681
70$971,034$359,215$242,182$620,461
71$1,014,552$321,289$194,768$612,055
72$1,060,759$279,756$144,016$602,409
73$1,109,876$234,383$89,759$591,469
74$1,162,141$184,925$31,824$579,179
75$1,217,818$131,125$0$565,488
76$1,277,193$72,708$0$554,505
77$1,340,583$9,387$0$547,000
78$1,408,331$0$0$538,537
79$1,480,816$0$0$561,640
80$1,558,453$0$0$591,968
81$1,641,697$0$0$624,541
82$1,731,047$0$0$659,559
83$1,827,050$0$0$697,247
84$1,930,307$0$0$737,846
85$2,041,479$0$0$781,625
86$2,161,291$0$0$828,877
87$2,290,538$0$0$879,927
88$2,430,095$0$0$935,129
89$2,580,924$0$0$994,872
90$2,744,080$0$0$1,059,587
91$2,920,726$0$0$1,129,745
92$3,112,137$0$0$1,205,865
93$3,319,716$0$0$1,288,517
94$3,545,009$0$0$1,378,328
95$3,789,712$0$0$1,475,989
96$4,055,692$0$0$1,582,259
97$4,345,004$0$0$1,697,974
98$4,659,909$0$0$1,824,053
99$5,002,893$0$0$1,961,508
100$5,376,693$0$0$2,111,452