Can I retire at age 59 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$47,070$46,651$46,242$45,842$45,453$45,242
2 years$23,302$22,868$22,447$22,040$21,644$21,432
3 years$15,380$14,945$14,525$14,121$13,732$13,524
4 years$11,420$10,986$10,570$10,173$9,794$9,592
5 years$9,045$8,613$8,203$7,814$7,445$7,250
6 years$7,462$7,033$6,629$6,249$5,891$5,703
7 years$6,331$5,906$5,509$5,138$4,791$4,610
8 years$5,484$5,063$4,672$4,310$3,975$3,801
9 years$4,825$4,408$4,024$3,671$3,347$3,181
10 years$4,299$3,886$3,508$3,164$2,852$2,693
11 years$3,868$3,459$3,089$2,754$2,453$2,300
12 years$3,510$3,105$2,741$2,416$2,126$1,980
13 years$3,206$2,806$2,449$2,133$1,853$1,715
14 years$2,947$2,550$2,200$1,893$1,625$1,492
15 years$2,722$2,330$1,987$1,688$1,431$1,304
16 years$2,525$2,138$1,801$1,512$1,264$1,144
17 years$2,352$1,969$1,639$1,358$1,121$1,007
18 years$2,198$1,819$1,496$1,224$997$889
19 years$2,061$1,686$1,370$1,106$888$786
20 years$1,937$1,567$1,257$1,002$794$697
21 years$1,826$1,459$1,156$909$710$618
22 years$1,724$1,362$1,066$827$637$550
23 years$1,632$1,274$984$753$571$490
24 years$1,547$1,194$910$687$514$436
25 years$1,470$1,120$843$627$462$389
26 years$1,398$1,053$782$573$416$348
27 years$1,332$991$726$525$375$311
28 years$1,270$934$675$481$339$278
29 years$1,213$881$628$441$306$249
30 years$1,160$832$585$405$276$223
31 years$1,111$786$545$372$250$200
32 years$1,064$744$509$342$226$179
33 years$1,021$705$475$314$205$161
34 years$980$668$444$289$185$144
35 years$942$633$415$266$168$129
36 years$905$601$388$245$152$116
37 years$871$571$363$226$138$104
38 years$839$543$340$208$125$94
39 years$808$516$319$192$113$84
40 years$779$491$299$177$103$76
41 years$752$467$280$163$93$68
42 years$726$445$263$151$85$61
43 years$701$424$247$139$77$55
44 years$677$404$231$128$70$49
45 years$655$385$217$119$63$44
46 years$633$368$204$110$57$40
47 years$613$351$192$101$52$36
48 years$593$335$180$94$47$32
49 years$574$320$169$86$43$29
50 years$557$306$159$80$39$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $570,000, adding $2,227 every year, while hoping to spend $37,896 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: 50/27/23 Blend
58$570,000$570,000$570,000$570,000
59$630,437$600,227$591,392$657,785
60$654,421$589,317$570,883$666,100
61$679,580$576,603$548,416$671,113
62$705,996$561,955$523,887$675,783
63$733,755$545,238$497,184$680,093
64$762,952$526,308$468,193$684,028
65$793,688$505,013$436,793$687,572
66$826,077$481,191$402,858$690,711
67$860,239$454,671$366,256$693,433
68$896,308$425,275$326,850$695,727
69$934,428$392,810$284,497$697,586
70$974,757$357,075$239,045$699,003
71$1,017,468$317,857$190,338$699,976
72$1,062,749$274,931$138,214$700,506
73$1,110,805$228,059$82,500$700,598
74$1,161,863$176,990$23,019$700,265
75$1,216,168$121,457$0$699,521
76$1,273,989$61,181$0$708,318
77$1,335,622$0$0$723,432
78$1,401,390$0$0$740,527
79$1,471,646$0$0$778,241
80$1,546,779$0$0$818,612
81$1,627,214$0$0$861,871
82$1,713,417$0$0$908,275
83$1,805,900$0$0$958,105
84$1,905,224$0$0$1,011,668
85$2,012,006$0$0$1,069,305
86$2,126,921$0$0$1,131,385
87$2,250,713$0$0$1,198,317
88$2,384,198$0$0$1,270,549
89$2,528,271$0$0$1,348,575
90$2,683,917$0$0$1,432,934
91$2,852,219$0$0$1,524,222
92$3,034,366$0$0$1,623,094
93$3,231,665$0$0$1,730,267
94$3,445,554$0$0$1,846,533
95$3,677,615$0$0$1,972,761
96$3,929,584$0$0$2,109,908
97$4,203,376$0$0$2,259,025
98$4,501,092$0$0$2,421,270
99$4,825,049$0$0$2,597,917
100$5,177,791$0$0$2,790,367