Can I retire at age 59 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$46,244$45,832$45,430$45,038$44,655$42,951
2 years$22,893$22,467$22,054$21,653$21,264$19,568
3 years$15,111$14,682$14,270$13,873$13,491$11,855
4 years$11,220$10,793$10,385$9,995$9,622$8,059
5 years$8,886$8,462$8,059$7,677$7,314$5,829
6 years$7,331$6,910$6,513$6,139$5,788$4,380
7 years$6,220$5,803$5,412$5,048$4,707$3,377
8 years$5,388$4,974$4,590$4,234$3,905$2,652
9 years$4,741$4,331$3,953$3,607$3,288$2,110
10 years$4,223$3,817$3,447$3,109$2,802$1,696
11 years$3,800$3,398$3,034$2,706$2,410$1,374
12 years$3,448$3,050$2,693$2,373$2,088$1,120
13 years$3,150$2,757$2,406$2,095$1,821$917
14 years$2,895$2,506$2,162$1,860$1,596$754
15 years$2,674$2,289$1,952$1,659$1,405$622
16 years$2,481$2,100$1,770$1,485$1,242$514
17 years$2,311$1,934$1,610$1,334$1,101$426
18 years$2,160$1,787$1,470$1,203$979$353
19 years$2,025$1,656$1,346$1,087$873$294
20 years$1,903$1,539$1,235$984$780$244
21 years$1,794$1,434$1,136$893$698$204
22 years$1,694$1,338$1,047$812$625$170
23 years$1,603$1,252$967$740$561$142
24 years$1,520$1,173$894$675$505$118
25 years$1,444$1,101$828$616$454$99
26 years$1,373$1,034$768$563$409$82
27 years$1,308$973$713$516$369$69
28 years$1,248$917$663$472$333$58
29 years$1,192$865$617$433$300$48
30 years$1,140$817$575$398$271$40
31 years$1,091$773$536$365$245$34
32 years$1,046$731$500$336$222$28
33 years$1,003$692$467$309$201$24
34 years$963$656$436$284$182$20
35 years$925$622$408$261$165$16
36 years$889$591$381$241$149$14
37 years$856$561$357$222$135$12
38 years$824$533$334$204$123$10
39 years$794$507$313$188$111$8
40 years$766$482$294$174$101$7
41 years$739$459$275$160$92$6
42 years$713$437$258$148$83$5
43 years$689$417$242$137$75$4
44 years$665$397$227$126$68$3
45 years$643$379$214$117$62$3
46 years$622$361$201$108$56$2
47 years$602$345$188$99$51$2
48 years$583$329$177$92$47$2
49 years$564$314$166$85$42$1
50 years$547$300$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $560,000, adding $4,283 every year, while hoping to spend $30,122 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: 80/12/8 Blend
58$560,000$560,000$560,000$560,000
59$621,538$591,858$583,178$670,270
60$652,885$588,809$570,665$699,775
61$686,420$584,602$556,723$727,748
62$722,335$579,147$541,273$757,540
63$760,838$572,350$524,231$789,317
64$802,161$564,113$505,510$823,263
65$846,556$554,329$485,019$859,578
66$894,300$542,887$462,662$898,487
67$945,698$529,667$438,341$940,234
68$1,001,085$514,546$411,951$985,091
69$1,060,826$497,390$383,382$1,033,354
70$1,125,327$478,059$352,522$1,085,354
71$1,195,031$456,404$319,252$1,141,451
72$1,270,424$432,268$283,447$1,202,047
73$1,352,042$405,484$244,977$1,267,582
74$1,440,475$375,877$203,708$1,338,542
75$1,536,370$343,261$159,498$1,415,462
76$1,640,437$307,439$112,200$1,498,933
77$1,753,462$268,204$61,659$1,589,607
78$1,876,305$225,335$7,714$1,688,203
79$2,009,913$178,602$0$1,795,513
80$2,155,330$127,759$0$1,916,667
81$2,313,702$72,547$0$2,049,352
82$2,486,291$12,694$0$2,193,986
83$2,674,487$0$0$2,351,760
84$2,879,819$0$0$2,530,861
85$3,103,970$0$0$2,728,220
86$3,348,792$0$0$2,943,795
87$3,616,324$0$0$3,179,384
88$3,908,812$0$0$3,436,966
89$4,228,729$0$0$3,718,719
90$4,578,795$0$0$4,027,044
91$4,962,008$0$0$4,364,581
92$5,381,668$0$0$4,734,241
93$5,841,410$0$0$5,139,227
94$6,345,236$0$0$5,583,068
95$6,897,555$0$0$6,069,649
96$7,503,221$0$0$6,603,250
97$8,167,582$0$0$7,188,585
98$8,896,526$0$0$7,830,847
99$9,696,543$0$0$8,535,753
100$10,574,777$0$0$9,309,603