Can I retire at age 59 with 559,000?

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 $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%11.2%
1 years$46,162$45,751$45,349$44,958$44,575$44,350
2 years$22,852$22,427$22,014$21,614$21,226$20,999
3 years$15,084$14,656$14,245$13,849$13,467$13,245
4 years$11,200$10,774$10,366$9,977$9,605$9,389
5 years$8,870$8,447$8,045$7,663$7,301$7,093
6 years$7,318$6,897$6,501$6,128$5,777$5,577
7 years$6,209$5,792$5,403$5,039$4,698$4,505
8 years$5,378$4,965$4,582$4,227$3,898$3,713
9 years$4,732$4,323$3,946$3,600$3,283$3,105
10 years$4,216$3,811$3,441$3,103$2,797$2,627
11 years$3,793$3,392$3,029$2,701$2,405$2,243
12 years$3,442$3,045$2,688$2,369$2,084$1,929
13 years$3,144$2,752$2,402$2,092$1,818$1,670
14 years$2,890$2,501$2,158$1,857$1,593$1,452
15 years$2,669$2,285$1,948$1,656$1,403$1,269
16 years$2,477$2,096$1,766$1,483$1,240$1,112
17 years$2,307$1,931$1,607$1,332$1,099$978
18 years$2,156$1,784$1,467$1,200$978$863
19 years$2,021$1,653$1,343$1,085$871$762
20 years$1,900$1,536$1,233$982$778$675
21 years$1,790$1,431$1,134$892$696$599
22 years$1,691$1,336$1,045$811$624$532
23 years$1,600$1,249$965$738$560$473
24 years$1,517$1,171$892$673$504$422
25 years$1,441$1,099$827$615$453$376
26 years$1,371$1,032$767$562$408$336
27 years$1,306$972$712$515$368$300
28 years$1,246$916$662$472$332$268
29 years$1,190$864$616$432$300$240
30 years$1,138$816$574$397$271$214
31 years$1,089$771$535$364$245$192
32 years$1,044$730$499$335$222$172
33 years$1,001$691$466$308$201$154
34 years$961$655$435$283$182$138
35 years$923$621$407$261$164$124
36 years$888$590$381$240$149$111
37 years$854$560$356$221$135$100
38 years$823$532$334$204$122$90
39 years$793$506$313$188$111$80
40 years$764$481$293$174$101$72
41 years$737$458$275$160$91$65
42 years$712$436$258$148$83$58
43 years$687$416$242$136$75$52
44 years$664$396$227$126$68$47
45 years$642$378$213$116$62$42
46 years$621$361$200$107$56$38
47 years$601$344$188$99$51$34
48 years$582$329$177$92$46$31
49 years$563$314$166$85$42$28
50 years$546$300$156$78$38$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $559,000, adding $5,384 every year, while hoping to spend $42,476 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: 56/19/25 Blend
58$559,000$559,000$559,000$559,000
59$621,572$591,945$583,280$651,854
60$639,778$575,756$557,626$657,031
61$658,417$557,350$529,689$657,753
62$677,490$536,574$499,347$657,653
63$696,993$513,265$466,474$656,663
64$716,923$487,252$430,938$654,712
65$737,274$458,352$392,599$651,726
66$758,038$426,374$351,314$647,624
67$779,206$391,114$306,931$642,320
68$800,764$352,358$259,292$635,723
69$822,696$309,878$208,232$627,735
70$844,984$263,434$153,581$618,253
71$867,604$212,774$95,157$607,165
72$890,528$157,629$32,774$594,353
73$913,725$97,716$0$579,689
74$937,158$32,737$0$572,057
75$960,783$0$0$572,209
76$984,551$0$0$579,164
77$1,008,406$0$0$592,990
78$1,032,281$0$0$606,801
79$1,056,104$0$0$620,549
80$1,079,790$0$0$634,184
81$1,103,245$0$0$647,645
82$1,126,362$0$0$660,866
83$1,149,021$0$0$673,770
84$1,171,085$0$0$686,274
85$1,192,403$0$0$698,283
86$1,212,804$0$0$709,689
87$1,232,098$0$0$720,375
88$1,250,071$0$0$730,207
89$1,266,485$0$0$739,037
90$1,281,073$0$0$746,700
91$1,293,539$0$0$753,011
92$1,303,554$0$0$757,766
93$1,310,749$0$0$760,736
94$1,314,717$0$0$761,668
95$1,315,003$0$0$760,280
96$1,311,103$0$0$756,259
97$1,302,457$0$0$749,259
98$1,288,445$0$0$738,894
99$1,268,377$0$0$724,739
100$1,241,490$0$0$706,319