Can I retire at age 59 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$46,740$46,323$45,917$45,521$45,134$43,550
2 years$23,138$22,708$22,290$21,885$21,492$19,913
3 years$15,272$14,840$14,423$14,022$13,636$12,111
4 years$11,340$10,909$10,496$10,102$9,725$8,266
5 years$8,981$8,553$8,146$7,759$7,393$6,004
6 years$7,409$6,984$6,583$6,205$5,850$4,532
7 years$6,287$5,865$5,470$5,102$4,757$3,510
8 years$5,446$5,027$4,639$4,280$3,947$2,769
9 years$4,792$4,377$3,996$3,645$3,324$2,214
10 years$4,269$3,858$3,484$3,142$2,832$1,789
11 years$3,841$3,435$3,067$2,735$2,436$1,457
12 years$3,485$3,083$2,722$2,399$2,111$1,193
13 years$3,184$2,786$2,432$2,118$1,840$983
14 years$2,926$2,532$2,185$1,880$1,613$812
15 years$2,703$2,313$1,973$1,677$1,421$674
16 years$2,508$2,123$1,789$1,501$1,255$560
17 years$2,336$1,955$1,628$1,349$1,113$467
18 years$2,183$1,806$1,486$1,215$990$390
19 years$2,046$1,674$1,360$1,098$882$326
20 years$1,924$1,556$1,248$995$788$273
21 years$1,813$1,449$1,148$903$705$229
22 years$1,712$1,353$1,058$821$632$192
23 years$1,620$1,265$977$748$567$161
24 years$1,536$1,185$904$682$510$135
25 years$1,459$1,112$837$623$459$114
26 years$1,388$1,045$776$569$413$96
27 years$1,322$984$721$521$373$80
28 years$1,261$927$670$477$336$68
29 years$1,205$875$624$438$304$57
30 years$1,152$826$581$402$274$48
31 years$1,103$781$541$369$248$40
32 years$1,057$739$505$339$224$34
33 years$1,014$700$472$312$203$29
34 years$973$663$441$287$184$24
35 years$935$629$412$264$167$20
36 years$899$597$385$243$151$17
37 years$865$567$361$224$137$14
38 years$833$539$338$207$124$12
39 years$803$512$317$191$112$10
40 years$774$487$297$176$102$9
41 years$747$464$278$162$93$7
42 years$721$442$261$150$84$6
43 years$696$421$245$138$76$5
44 years$672$401$230$128$69$4
45 years$650$383$216$118$63$4
46 years$629$365$203$109$57$3
47 years$608$348$190$101$52$3
48 years$589$333$179$93$47$2
49 years$570$318$168$86$43$2
50 years$553$303$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $566,000, adding $5,092 every year, while hoping to spend $39,078 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: 41/31/28 Blend
58$566,000$566,000$566,000$566,000
59$628,984$598,986$590,213$649,419
60$651,562$586,758$568,407$652,443
61$675,133$572,621$544,560$651,681
62$699,757$556,440$518,563$650,112
63$725,499$538,072$490,302$647,684
64$752,430$517,368$459,657$644,346
65$780,625$494,165$426,503$640,044
66$810,166$468,297$390,708$634,723
67$841,143$439,583$352,136$628,324
68$873,652$407,836$310,646$620,790
69$907,799$372,854$266,086$612,059
70$943,697$334,426$218,303$602,070
71$981,470$292,330$167,133$590,758
72$1,021,255$246,328$112,406$578,060
73$1,063,197$196,172$53,946$563,909
74$1,107,457$141,599$0$548,239
75$1,154,210$82,329$0$533,504
76$1,203,646$18,070$0$534,479
77$1,255,973$0$0$535,022
78$1,311,419$0$0$552,692
79$1,370,231$0$0$578,010
80$1,432,681$0$0$604,932
81$1,499,065$0$0$633,591
82$1,569,709$0$0$664,132
83$1,644,967$0$0$696,715
84$1,725,229$0$0$731,513
85$1,810,920$0$0$768,719
86$1,902,508$0$0$808,541
87$2,000,504$0$0$851,210
88$2,105,470$0$0$896,977
89$2,218,022$0$0$946,119
90$2,338,834$0$0$998,940
91$2,468,648$0$0$1,055,772
92$2,608,278$0$0$1,116,981
93$2,758,616$0$0$1,182,970
94$2,920,645$0$0$1,254,180
95$3,095,440$0$0$1,331,095
96$3,284,187$0$0$1,414,249
97$3,488,186$0$0$1,504,227
98$3,708,866$0$0$1,601,673
99$3,947,800$0$0$1,707,295
100$4,206,715$0$0$1,821,871