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%11.6%
1 years$46,987$46,569$46,161$45,762$45,373$45,068
2 years$23,261$22,828$22,408$22,001$21,606$21,299
3 years$15,353$14,918$14,499$14,096$13,708$13,407
4 years$11,400$10,967$10,552$10,156$9,777$9,485
5 years$9,029$8,598$8,189$7,800$7,432$7,151
6 years$7,449$7,021$6,618$6,238$5,881$5,610
7 years$6,320$5,896$5,499$5,129$4,783$4,522
8 years$5,475$5,054$4,664$4,302$3,968$3,718
9 years$4,817$4,400$4,017$3,665$3,341$3,102
10 years$4,291$3,879$3,502$3,159$2,847$2,618
11 years$3,861$3,453$3,083$2,749$2,448$2,230
12 years$3,503$3,099$2,736$2,411$2,122$1,913
13 years$3,201$2,801$2,445$2,129$1,850$1,652
14 years$2,942$2,546$2,197$1,890$1,622$1,433
15 years$2,717$2,326$1,983$1,685$1,428$1,248
16 years$2,521$2,134$1,798$1,509$1,262$1,092
17 years$2,348$1,965$1,636$1,356$1,119$957
18 years$2,194$1,816$1,494$1,222$995$842
19 years$2,057$1,683$1,367$1,104$887$742
20 years$1,934$1,564$1,255$1,000$792$655
21 years$1,822$1,457$1,154$908$709$579
22 years$1,721$1,360$1,064$825$635$513
23 years$1,629$1,272$982$752$570$455
24 years$1,545$1,192$908$685$513$404
25 years$1,467$1,118$841$626$461$359
26 years$1,395$1,051$780$572$416$320
27 years$1,329$989$725$524$375$285
28 years$1,268$932$674$480$338$254
29 years$1,211$879$627$440$305$226
30 years$1,158$830$584$404$276$202
31 years$1,109$785$544$371$249$180
32 years$1,062$743$508$341$226$161
33 years$1,019$703$474$314$204$144
34 years$978$667$443$288$185$128
35 years$940$632$414$266$167$115
36 years$904$600$388$245$152$103
37 years$870$570$363$225$137$92
38 years$837$542$340$208$125$82
39 years$807$515$318$192$113$73
40 years$778$490$298$177$103$66
41 years$750$466$280$163$93$59
42 years$724$444$262$150$84$53
43 years$700$423$246$139$77$47
44 years$676$403$231$128$70$42
45 years$654$385$217$118$63$38
46 years$632$367$204$109$57$34
47 years$612$350$191$101$52$30
48 years$592$334$180$93$47$27
49 years$573$319$169$86$43$24
50 years$556$305$159$80$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $569,000, adding $2,995 every year, while hoping to spend $30,826 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: 53/23/24 Blend
58$569,000$569,000$569,000$569,000
59$630,127$599,970$591,151$659,189
60$661,602$596,570$578,156$676,162
61$695,253$591,970$563,692$691,195
62$731,272$586,079$547,678$706,917
63$769,865$578,801$530,029$723,404
64$811,260$570,031$510,654$740,743
65$855,708$559,662$489,461$759,031
66$903,484$547,579$466,351$778,376
67$954,888$533,659$441,223$798,899
68$1,010,252$517,774$413,969$820,736
69$1,069,939$499,786$384,478$844,039
70$1,134,348$479,551$352,633$868,977
71$1,203,917$456,915$318,313$895,739
72$1,279,130$431,717$281,389$924,536
73$1,360,516$403,785$241,730$955,604
74$1,448,656$372,939$199,196$989,205
75$1,544,192$338,986$153,642$1,025,630
76$1,647,828$301,724$104,917$1,065,204
77$1,760,338$260,940$52,863$1,108,289
78$1,882,573$216,406$0$1,155,287
79$2,015,470$167,885$0$1,207,334
80$2,160,060$115,124$0$1,278,728
81$2,317,478$57,857$0$1,356,517
82$2,488,971$0$0$1,441,361
83$2,675,912$0$0$1,535,052
84$2,879,812$0$0$1,653,265
85$3,102,335$0$0$1,782,328
86$3,345,313$0$0$1,923,308
87$3,610,760$0$0$2,077,383
88$3,900,895$0$0$2,245,846
89$4,218,163$0$0$2,430,126
90$4,565,252$0$0$2,631,790
91$4,945,125$0$0$2,852,569
92$5,361,042$0$0$3,094,366
93$5,816,596$0$0$3,359,277
94$6,315,741$0$0$3,649,612
95$6,862,833$0$0$3,967,913
96$7,462,670$0$0$4,316,981
97$8,120,534$0$0$4,699,901
98$8,842,246$0$0$5,120,070
99$9,634,215$0$0$5,581,231
100$10,503,502$0$0$6,087,507