Can I retire at age 59 with 561,000?

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 $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%18%
1 years$46,327$45,914$45,512$45,119$44,735$43,286
2 years$22,934$22,507$22,093$21,692$21,302$19,856
3 years$15,138$14,709$14,296$13,898$13,515$12,117
4 years$11,240$10,812$10,404$10,013$9,639$8,300
5 years$8,902$8,477$8,074$7,691$7,327$6,050
6 years$7,344$6,922$6,525$6,150$5,798$4,584
7 years$6,232$5,813$5,422$5,057$4,715$3,565
8 years$5,398$4,983$4,598$4,242$3,912$2,824
9 years$4,749$4,339$3,961$3,613$3,294$2,268
10 years$4,231$3,824$3,453$3,115$2,807$1,840
11 years$3,807$3,404$3,040$2,711$2,414$1,505
12 years$3,454$3,056$2,698$2,378$2,092$1,239
13 years$3,156$2,761$2,410$2,099$1,824$1,025
14 years$2,900$2,510$2,166$1,863$1,599$852
15 years$2,679$2,293$1,955$1,662$1,408$710
16 years$2,485$2,104$1,773$1,488$1,244$593
17 years$2,315$1,938$1,613$1,337$1,103$497
18 years$2,164$1,790$1,473$1,205$981$417
19 years$2,028$1,659$1,348$1,089$874$351
20 years$1,907$1,542$1,237$986$781$295
21 years$1,797$1,436$1,138$895$699$249
22 years$1,697$1,341$1,049$814$627$210
23 years$1,606$1,254$968$741$562$177
24 years$1,523$1,175$896$676$505$150
25 years$1,446$1,102$830$617$455$126
26 years$1,376$1,036$769$564$410$107
27 years$1,311$975$714$517$369$90
28 years$1,250$919$664$473$333$76
29 years$1,194$867$618$434$301$65
30 years$1,142$819$576$398$272$55
31 years$1,093$774$537$366$246$46
32 years$1,047$732$501$336$222$39
33 years$1,005$693$468$309$201$33
34 years$964$657$437$284$182$28
35 years$927$623$408$262$165$24
36 years$891$592$382$241$150$20
37 years$857$562$358$222$136$17
38 years$826$534$335$205$123$14
39 years$795$508$314$189$111$12
40 years$767$483$294$174$101$10
41 years$740$460$276$161$92$9
42 years$714$438$259$148$83$7
43 years$690$417$243$137$76$6
44 years$667$398$228$126$69$5
45 years$644$379$214$117$62$5
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $561,000, adding $6,648 every year, while hoping to spend $34,850 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: 70/19/11 Blend
58$561,000$561,000$561,000$561,000
59$625,079$595,346$586,651$666,959
60$651,757$587,438$569,224$687,690
61$679,988$577,975$550,044$705,499
62$709,894$566,842$529,018$724,061
63$741,608$553,922$506,044$743,443
64$775,274$539,086$481,019$763,719
65$811,052$522,202$453,833$784,974
66$849,116$503,126$424,373$807,300
67$889,655$481,708$392,519$830,800
68$932,877$457,790$358,146$855,590
69$979,012$431,202$321,125$881,797
70$1,028,308$401,768$281,319$909,562
71$1,081,039$369,299$238,588$939,044
72$1,137,507$333,596$192,782$970,418
73$1,198,039$294,449$143,746$1,003,879
74$1,262,998$251,635$91,321$1,039,642
75$1,332,779$204,921$35,335$1,077,949
76$1,407,818$154,058$0$1,119,064
77$1,488,592$98,783$0$1,166,149
78$1,575,627$38,822$0$1,221,278
79$1,669,498$0$0$1,280,687
80$1,770,838$0$0$1,350,263
81$1,880,343$0$0$1,434,238
82$1,998,777$0$0$1,525,086
83$2,126,980$0$0$1,623,454
84$2,265,877$0$0$1,730,054
85$2,416,482$0$0$1,845,669
86$2,579,913$0$0$1,971,160
87$2,757,398$0$0$2,107,473
88$2,950,288$0$0$2,255,652
89$3,160,069$0$0$2,416,840
90$3,388,376$0$0$2,592,300
91$3,637,009$0$0$2,783,419
92$3,907,948$0$0$2,991,723
93$4,203,372$0$0$3,218,892
94$4,525,678$0$0$3,466,776
95$4,877,507$0$0$3,737,411
96$5,261,764$0$0$4,033,036
97$5,681,647$0$0$4,356,119
98$6,140,680$0$0$4,709,375
99$6,642,737$0$0$5,095,795
100$7,192,090$0$0$5,518,670