Can I retire at age 59 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$46,327$45,914$45,512$45,119$44,735$44,360
2 years$22,934$22,507$22,093$21,692$21,302$20,925
3 years$15,138$14,709$14,296$13,898$13,515$13,146
4 years$11,240$10,812$10,404$10,013$9,639$9,282
5 years$8,902$8,477$8,074$7,691$7,327$6,983
6 years$7,344$6,922$6,525$6,150$5,798$5,466
7 years$6,232$5,813$5,422$5,057$4,715$4,397
8 years$5,398$4,983$4,598$4,242$3,912$3,607
9 years$4,749$4,339$3,961$3,613$3,294$3,002
10 years$4,231$3,824$3,453$3,115$2,807$2,528
11 years$3,807$3,404$3,040$2,711$2,414$2,148
12 years$3,454$3,056$2,698$2,378$2,092$1,838
13 years$3,156$2,761$2,410$2,099$1,824$1,583
14 years$2,900$2,510$2,166$1,863$1,599$1,369
15 years$2,679$2,293$1,955$1,662$1,408$1,190
16 years$2,485$2,104$1,773$1,488$1,244$1,038
17 years$2,315$1,938$1,613$1,337$1,103$907
18 years$2,164$1,790$1,473$1,205$981$796
19 years$2,028$1,659$1,348$1,089$874$699
20 years$1,907$1,542$1,237$986$781$616
21 years$1,797$1,436$1,138$895$699$543
22 years$1,697$1,341$1,049$814$627$480
23 years$1,606$1,254$968$741$562$424
24 years$1,523$1,175$896$676$505$375
25 years$1,446$1,102$830$617$455$333
26 years$1,376$1,036$769$564$410$295
27 years$1,311$975$714$517$369$262
28 years$1,250$919$664$473$333$233
29 years$1,194$867$618$434$301$207
30 years$1,142$819$576$398$272$184
31 years$1,093$774$537$366$246$164
32 years$1,047$732$501$336$222$146
33 years$1,005$693$468$309$201$130
34 years$964$657$437$284$182$115
35 years$927$623$408$262$165$103
36 years$891$592$382$241$150$92
37 years$857$562$358$222$136$82
38 years$826$534$335$205$123$73
39 years$795$508$314$189$111$65
40 years$767$483$294$174$101$58
41 years$740$460$276$161$92$52
42 years$714$438$259$148$83$46
43 years$690$417$243$137$76$41
44 years$667$398$228$126$69$37
45 years$644$379$214$117$62$33
46 years$623$362$201$108$56$29
47 years$603$345$189$100$51$26
48 years$584$330$177$92$47$23
49 years$565$315$167$85$42$21
50 years$548$301$157$79$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $561,000, adding $6,118 every year, while hoping to spend $21,435 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: 68/23/9 Blend
58$561,000$561,000$561,000$561,000
59$624,533$594,800$586,104$665,496
60$665,428$601,138$582,932$699,811
61$709,777$607,069$578,935$734,163
62$757,908$612,549$574,063$771,162
63$810,184$617,534$568,264$811,063
64$867,004$621,974$561,482$854,148
65$928,806$625,818$553,659$900,728
66$996,073$629,012$544,736$951,146
67$1,069,336$631,497$534,648$1,005,780
68$1,149,179$633,211$523,329$1,065,046
69$1,236,246$634,089$510,711$1,129,405
70$1,331,243$634,060$496,720$1,199,364
71$1,434,951$633,049$481,281$1,275,480
72$1,548,226$630,979$464,314$1,358,371
73$1,672,013$627,765$445,737$1,448,716
74$1,807,352$623,318$425,462$1,547,264
75$1,955,385$617,545$403,399$1,654,842
76$2,117,374$610,344$379,452$1,772,362
77$2,294,706$601,611$353,524$1,900,827
78$2,488,909$591,233$325,510$2,041,347
79$2,701,665$579,090$295,301$2,195,143
80$2,934,827$565,058$262,786$2,363,564
81$3,190,435$549,002$227,846$2,548,094
82$3,470,738$530,781$190,357$2,750,374
83$3,778,211$510,247$150,191$2,972,210
84$4,115,579$487,240$107,213$3,215,595
85$4,485,847$461,593$61,283$3,482,725
86$4,892,322$433,130$12,255$3,776,024
87$5,338,648$401,663$0$4,098,163
88$5,828,840$366,994$0$4,455,935
89$6,367,320$328,915$0$4,850,247
90$6,958,958$287,203$0$5,283,517
91$7,609,122$241,627$0$5,759,710
92$8,323,724$191,938$0$6,283,198
93$9,109,277$137,876$0$6,858,799
94$9,972,957$79,166$0$7,491,822
95$10,922,671$15,517$0$8,188,124
96$11,967,128$0$0$8,954,156
97$13,115,925$0$0$9,810,542
98$14,379,637$0$0$10,756,949
99$15,769,913$0$0$11,798,181
100$17,299,589$0$0$12,943,855