Can I retire at age 59 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$46,987$46,569$46,161$45,762$45,373$45,125
2 years$23,261$22,828$22,408$22,001$21,606$21,356
3 years$15,353$14,918$14,499$14,096$13,708$13,463
4 years$11,400$10,967$10,552$10,156$9,777$9,539
5 years$9,029$8,598$8,189$7,800$7,432$7,203
6 years$7,449$7,021$6,618$6,238$5,881$5,660
7 years$6,320$5,896$5,499$5,129$4,783$4,570
8 years$5,475$5,054$4,664$4,302$3,968$3,764
9 years$4,817$4,400$4,017$3,665$3,341$3,146
10 years$4,291$3,879$3,502$3,159$2,847$2,660
11 years$3,861$3,453$3,083$2,749$2,448$2,270
12 years$3,503$3,099$2,736$2,411$2,122$1,951
13 years$3,201$2,801$2,445$2,129$1,850$1,687
14 years$2,942$2,546$2,197$1,890$1,622$1,467
15 years$2,717$2,326$1,983$1,685$1,428$1,280
16 years$2,521$2,134$1,798$1,509$1,262$1,122
17 years$2,348$1,965$1,636$1,356$1,119$986
18 years$2,194$1,816$1,494$1,222$995$869
19 years$2,057$1,683$1,367$1,104$887$767
20 years$1,934$1,564$1,255$1,000$792$679
21 years$1,822$1,457$1,154$908$709$602
22 years$1,721$1,360$1,064$825$635$534
23 years$1,629$1,272$982$752$570$475
24 years$1,545$1,192$908$685$513$423
25 years$1,467$1,118$841$626$461$377
26 years$1,395$1,051$780$572$416$336
27 years$1,329$989$725$524$375$300
28 years$1,268$932$674$480$338$268
29 years$1,211$879$627$440$305$239
30 years$1,158$830$584$404$276$214
31 years$1,109$785$544$371$249$191
32 years$1,062$743$508$341$226$171
33 years$1,019$703$474$314$204$153
34 years$978$667$443$288$185$137
35 years$940$632$414$266$167$123
36 years$904$600$388$245$152$110
37 years$870$570$363$225$137$99
38 years$837$542$340$208$125$89
39 years$807$515$318$192$113$80
40 years$778$490$298$177$103$71
41 years$750$466$280$163$93$64
42 years$724$444$262$150$84$57
43 years$700$423$246$139$77$52
44 years$676$403$231$128$70$46
45 years$654$385$217$118$63$42
46 years$632$367$204$109$57$37
47 years$612$350$191$101$52$34
48 years$592$334$180$93$47$30
49 years$573$319$169$86$43$27
50 years$556$305$159$80$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $569,000, adding $2,910 every year, while hoping to spend $46,547 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: 29/42/29 Blend
58$569,000$569,000$569,000$569,000
59$630,040$599,883$591,063$642,615
60$644,778$579,751$561,338$632,692
61$659,460$557,073$529,057$617,811
62$674,030$531,675$494,086$600,892
63$688,426$503,372$456,283$581,792
64$702,578$471,971$415,501$560,360
65$716,408$437,264$371,588$536,433
66$729,827$399,035$324,381$509,839
67$742,736$357,054$273,714$480,395
68$755,022$311,077$219,411$447,906
69$766,563$260,849$161,290$412,164
70$777,218$206,096$99,159$372,948
71$786,833$146,533$32,819$330,023
72$795,235$81,858$0$283,138
73$802,230$11,750$0$243,777
74$807,603$0$0$211,504
75$811,116$0$0$205,557
76$812,504$0$0$204,310
77$811,471$0$0$202,237
78$807,689$0$0$199,230
79$800,795$0$0$195,171
80$790,386$0$0$189,931
81$776,013$0$0$183,364
82$757,183$0$0$175,311
83$733,346$0$0$165,593
84$703,893$0$0$154,014
85$668,153$0$0$140,357
86$625,379$0$0$124,383
87$574,749$0$0$105,825
88$515,349$0$0$84,390
89$446,174$0$0$59,753
90$366,107$0$0$31,556
91$273,918$0$0$0
92$168,246$0$0$0
93$47,586$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0