Can I retire at age 59 with 568,000?

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 $568,000?

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$46,905$46,487$46,079$45,682$45,293$43,565
2 years$23,220$22,788$22,369$21,962$21,568$19,847
3 years$15,326$14,892$14,474$14,071$13,684$12,024
4 years$11,380$10,947$10,533$10,138$9,759$8,174
5 years$9,013$8,583$8,174$7,787$7,419$5,912
6 years$7,436$7,008$6,606$6,227$5,870$4,443
7 years$6,309$5,886$5,490$5,120$4,774$3,426
8 years$5,465$5,045$4,656$4,295$3,961$2,690
9 years$4,808$4,393$4,010$3,658$3,335$2,140
10 years$4,284$3,872$3,496$3,153$2,842$1,720
11 years$3,855$3,447$3,078$2,744$2,444$1,393
12 years$3,497$3,094$2,731$2,407$2,118$1,136
13 years$3,195$2,796$2,440$2,125$1,847$930
14 years$2,936$2,541$2,193$1,887$1,619$765
15 years$2,712$2,322$1,980$1,682$1,426$631
16 years$2,516$2,130$1,795$1,506$1,260$521
17 years$2,344$1,962$1,633$1,354$1,117$432
18 years$2,191$1,813$1,491$1,220$993$359
19 years$2,054$1,680$1,365$1,102$885$298
20 years$1,930$1,561$1,253$998$791$248
21 years$1,819$1,454$1,152$906$708$206
22 years$1,718$1,357$1,062$824$634$172
23 years$1,626$1,270$981$750$569$144
24 years$1,542$1,189$907$684$512$120
25 years$1,464$1,116$840$625$461$100
26 years$1,393$1,049$779$571$415$84
27 years$1,327$987$723$523$374$70
28 years$1,266$930$672$479$337$58
29 years$1,209$878$626$439$305$49
30 years$1,156$829$583$403$275$41
31 years$1,107$784$543$370$249$34
32 years$1,061$741$507$340$225$29
33 years$1,017$702$473$313$204$24
34 years$976$665$442$288$185$20
35 years$938$631$414$265$167$17
36 years$902$599$387$244$151$14
37 years$868$569$362$225$137$12
38 years$836$541$339$207$124$10
39 years$805$514$318$191$113$8
40 years$777$489$298$176$102$7
41 years$749$466$279$163$93$6
42 years$723$443$262$150$84$5
43 years$698$423$246$139$76$4
44 years$675$403$231$128$69$3
45 years$652$384$217$118$63$3
46 years$631$366$203$109$57$2
47 years$611$350$191$101$52$2
48 years$591$334$180$93$47$2
49 years$572$319$169$86$43$1
50 years$555$304$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $568,000, adding $3,016 every year, while hoping to spend $29,945 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: 48/41/11 Blend
58$568,000$568,000$568,000$568,000
59$629,047$598,943$590,139$657,204
60$661,349$596,430$578,047$674,378
61$695,941$592,790$564,547$689,649
62$733,027$587,937$549,559$705,550
63$772,828$581,778$533,002$722,149
64$815,587$574,215$514,788$739,524
65$861,571$565,146$494,827$757,761
66$911,074$554,461$473,027$776,957
67$964,417$542,043$449,286$797,221
68$1,021,954$527,769$423,504$818,677
69$1,084,073$511,510$395,572$841,461
70$1,151,202$493,128$365,377$865,727
71$1,223,810$472,476$332,802$891,648
72$1,302,411$449,401$297,724$919,415
73$1,387,575$423,738$260,015$949,245
74$1,479,922$395,316$219,540$981,377
75$1,580,140$363,953$176,161$1,016,080
76$1,688,982$329,454$129,730$1,053,653
77$1,807,277$291,616$80,095$1,094,431
78$1,935,938$250,224$27,097$1,138,783
79$2,075,969$205,050$0$1,187,126
80$2,228,473$155,853$0$1,243,378
81$2,394,667$102,379$0$1,308,213
82$2,575,887$44,360$0$1,379,039
83$2,773,607$0$0$1,456,513
84$2,989,445$0$0$1,549,704
85$3,225,186$0$0$1,673,407
86$3,482,794$0$0$1,808,645
87$3,764,430$0$0$1,956,560
88$4,072,474$0$0$2,118,411
89$4,409,546$0$0$2,295,582
90$4,778,534$0$0$2,489,599
91$5,182,612$0$0$2,702,142
92$5,625,283$0$0$2,935,061
93$6,110,397$0$0$3,190,391
94$6,642,201$0$0$3,470,379
95$7,225,368$0$0$3,777,494
96$7,865,046$0$0$4,114,458
97$8,566,906$0$0$4,484,270
98$9,337,193$0$0$4,890,232
99$10,182,789$0$0$5,335,982
100$11,111,272$0$0$5,825,527