Can I retire at age 59 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$46,575$46,160$45,755$45,360$44,974$44,048
2 years$23,057$22,627$22,211$21,808$21,416$20,487
3 years$15,218$14,787$14,372$13,972$13,587$12,685
4 years$11,300$10,870$10,459$10,066$9,691$8,821
5 years$8,950$8,522$8,117$7,732$7,367$6,533
6 years$7,383$6,959$6,560$6,183$5,829$5,032
7 years$6,265$5,844$5,451$5,084$4,741$3,980
8 years$5,426$5,010$4,623$4,265$3,933$3,209
9 years$4,775$4,362$3,982$3,632$3,312$2,624
10 years$4,253$3,845$3,471$3,131$2,822$2,169
11 years$3,827$3,423$3,056$2,725$2,427$1,809
12 years$3,473$3,072$2,712$2,390$2,103$1,519
13 years$3,173$2,776$2,423$2,110$1,834$1,282
14 years$2,916$2,524$2,177$1,873$1,608$1,087
15 years$2,693$2,305$1,966$1,671$1,416$926
16 years$2,499$2,115$1,782$1,496$1,251$791
17 years$2,327$1,948$1,622$1,344$1,109$677
18 years$2,175$1,800$1,480$1,211$986$581
19 years$2,039$1,668$1,355$1,094$879$499
20 years$1,917$1,550$1,244$991$785$430
21 years$1,806$1,444$1,144$900$703$371
22 years$1,706$1,348$1,054$818$630$320
23 years$1,615$1,261$974$745$565$277
24 years$1,531$1,181$900$679$508$239
25 years$1,454$1,108$834$620$457$207
26 years$1,383$1,042$773$567$412$179
27 years$1,318$980$718$519$371$155
28 years$1,257$924$668$476$335$135
29 years$1,201$871$621$436$303$117
30 years$1,148$823$579$400$273$101
31 years$1,099$778$540$368$247$88
32 years$1,053$736$503$338$224$76
33 years$1,010$697$470$311$202$66
34 years$970$661$439$286$183$58
35 years$932$627$411$263$166$50
36 years$896$595$384$242$150$43
37 years$862$565$360$223$136$38
38 years$830$537$337$206$124$33
39 years$800$511$315$190$112$28
40 years$771$486$296$175$102$25
41 years$744$462$277$162$92$22
42 years$718$440$260$149$84$19
43 years$693$420$244$138$76$16
44 years$670$400$229$127$69$14
45 years$648$381$215$117$63$12
46 years$627$364$202$108$57$11
47 years$606$347$190$100$52$9
48 years$587$331$178$93$47$8
49 years$568$317$168$86$43$7
50 years$551$302$158$79$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $564,000, adding $6,680 every year, while hoping to spend $28,772 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: 78/14/8 Blend
58$564,000$564,000$564,000$564,000
59$628,418$598,526$589,784$676,212
60$661,904$597,241$578,929$707,250
61$697,841$594,928$566,746$736,879
62$736,448$591,508$553,159$768,528
63$777,968$586,893$538,092$802,384
64$822,664$580,995$521,462$838,656
65$870,827$573,715$503,182$877,572
66$922,777$564,953$483,165$919,385
67$978,865$554,600$461,315$964,372
68$1,039,475$542,541$437,535$1,012,840
69$1,105,032$528,656$411,722$1,065,126
70$1,176,000$512,815$383,770$1,121,604
71$1,252,893$494,883$353,567$1,182,684
72$1,336,272$474,717$320,996$1,248,820
73$1,426,756$452,163$285,934$1,320,510
74$1,525,027$427,060$248,254$1,398,307
75$1,631,833$399,240$207,824$1,482,817
76$1,747,998$368,520$164,504$1,574,711
77$1,874,427$334,711$118,148$1,674,728
78$2,012,118$297,612$68,606$1,783,683
79$2,162,169$257,009$15,719$1,902,475
80$2,325,787$212,679$0$2,032,096
81$2,504,300$164,384$0$2,177,115
82$2,699,172$111,872$0$2,336,919
83$2,912,014$54,879$0$2,511,511
84$3,144,597$0$0$2,702,374
85$3,398,874$0$0$2,912,201
86$3,676,993$0$0$3,150,967
87$3,981,320$0$0$3,412,251
88$4,314,461$0$0$3,698,293
89$4,679,285$0$0$4,011,558
90$5,078,950$0$0$4,354,761
91$5,516,935$0$0$4,730,892
92$5,997,073$0$0$5,143,246
93$6,523,584$0$0$5,595,448
94$7,101,115$0$0$6,091,493
95$7,734,786$0$0$6,635,783
96$8,430,237$0$0$7,233,164
97$9,193,678$0$0$7,888,974
98$10,031,953$0$0$8,609,094
99$10,952,597$0$0$9,400,003
100$11,963,916$0$0$10,268,838