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%11.5%
1 years$47,070$46,651$46,242$45,842$45,453$45,166
2 years$23,302$22,868$22,447$22,040$21,644$21,355
3 years$15,380$14,945$14,525$14,121$13,732$13,449
4 years$11,420$10,986$10,570$10,173$9,794$9,520
5 years$9,045$8,613$8,203$7,814$7,445$7,181
6 years$7,462$7,033$6,629$6,249$5,891$5,636
7 years$6,331$5,906$5,509$5,138$4,791$4,546
8 years$5,484$5,063$4,672$4,310$3,975$3,740
9 years$4,825$4,408$4,024$3,671$3,347$3,122
10 years$4,299$3,886$3,508$3,164$2,852$2,637
11 years$3,868$3,459$3,089$2,754$2,453$2,247
12 years$3,510$3,105$2,741$2,416$2,126$1,929
13 years$3,206$2,806$2,449$2,133$1,853$1,666
14 years$2,947$2,550$2,200$1,893$1,625$1,447
15 years$2,722$2,330$1,987$1,688$1,431$1,261
16 years$2,525$2,138$1,801$1,512$1,264$1,104
17 years$2,352$1,969$1,639$1,358$1,121$968
18 years$2,198$1,819$1,496$1,224$997$852
19 years$2,061$1,686$1,370$1,106$888$752
20 years$1,937$1,567$1,257$1,002$794$664
21 years$1,826$1,459$1,156$909$710$588
22 years$1,724$1,362$1,066$827$637$521
23 years$1,632$1,274$984$753$571$463
24 years$1,547$1,194$910$687$514$411
25 years$1,470$1,120$843$627$462$366
26 years$1,398$1,053$782$573$416$326
27 years$1,332$991$726$525$375$290
28 years$1,270$934$675$481$339$259
29 years$1,213$881$628$441$306$231
30 years$1,160$832$585$405$276$206
31 years$1,111$786$545$372$250$184
32 years$1,064$744$509$342$226$165
33 years$1,021$705$475$314$205$147
34 years$980$668$444$289$185$132
35 years$942$633$415$266$168$118
36 years$905$601$388$245$152$105
37 years$871$571$363$226$138$94
38 years$839$543$340$208$125$84
39 years$808$516$319$192$113$76
40 years$779$491$299$177$103$68
41 years$752$467$280$163$93$61
42 years$726$445$263$151$85$54
43 years$701$424$247$139$77$49
44 years$677$404$231$128$70$44
45 years$655$385$217$119$63$39
46 years$633$368$204$110$57$35
47 years$613$351$192$101$52$31
48 years$593$335$180$94$47$28
49 years$574$320$169$86$43$25
50 years$557$306$159$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $570,000, adding $4,957 every year, while hoping to spend $25,607 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: 68/14/18 Blend
58$570,000$570,000$570,000$570,000
59$633,253$603,043$594,208$673,217
60$670,599$605,347$586,868$702,838
61$710,897$606,905$578,425$731,763
62$754,419$607,654$568,813$762,772
63$801,467$607,527$557,966$796,067
64$852,373$606,451$545,813$831,872
65$907,499$604,351$532,282$870,436
66$967,246$601,147$517,296$912,031
67$1,032,053$596,751$500,773$956,961
68$1,102,404$591,074$482,631$1,005,559
69$1,178,831$584,018$462,781$1,058,192
70$1,261,920$575,482$441,132$1,115,267
71$1,352,312$565,358$417,587$1,177,233
72$1,450,718$553,531$392,046$1,244,585
73$1,557,916$539,878$364,404$1,317,870
74$1,674,764$524,273$334,552$1,397,692
75$1,802,205$506,577$302,375$1,484,716
76$1,941,279$486,648$267,753$1,579,677
77$2,093,128$464,333$230,562$1,683,387
78$2,259,013$439,471$190,671$1,796,741
79$2,440,317$411,890$147,943$1,920,728
80$2,638,567$381,411$102,237$2,056,437
81$2,855,444$347,842$53,404$2,205,072
82$3,092,795$310,982$1,290$2,367,961
83$3,352,658$270,619$0$2,546,569
84$3,637,276$226,526$0$2,752,944
85$3,949,118$178,465$0$2,979,381
86$4,290,905$126,187$0$3,227,631
87$4,665,631$69,424$0$3,499,900
88$5,076,597$7,897$0$3,798,620
89$5,527,436$0$0$4,126,470
90$6,022,151$0$0$4,495,444
91$6,565,151$0$0$4,901,801
92$7,161,292$0$0$5,347,963
93$7,815,924$0$0$5,837,937
94$8,534,940$0$0$6,376,141
95$9,324,833$0$0$6,967,437
96$10,192,753$0$0$7,617,185
97$11,146,580$0$0$8,331,288
98$12,194,993$0$0$9,116,249
99$13,347,556$0$0$9,979,235
100$14,614,804$0$0$10,928,138