Can I retire at age 59 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$47,153$46,733$46,323$45,923$45,532$44,075
2 years$23,343$22,908$22,487$22,078$21,682$20,227
3 years$15,407$14,971$14,550$14,146$13,756$12,349
4 years$11,440$11,005$10,589$10,191$9,811$8,463
5 years$9,061$8,628$8,218$7,828$7,458$6,173
6 years$7,475$7,046$6,641$6,260$5,901$4,680
7 years$6,343$5,917$5,519$5,147$4,799$3,641
8 years$5,494$5,072$4,680$4,317$3,982$2,886
9 years$4,834$4,416$4,031$3,677$3,353$2,319
10 years$4,306$3,892$3,514$3,170$2,857$1,883
11 years$3,875$3,465$3,094$2,759$2,457$1,541
12 years$3,516$3,110$2,746$2,420$2,129$1,270
13 years$3,212$2,811$2,453$2,136$1,857$1,051
14 years$2,952$2,555$2,204$1,896$1,628$874
15 years$2,727$2,334$1,990$1,691$1,433$729
16 years$2,530$2,141$1,804$1,514$1,267$610
17 years$2,356$1,972$1,642$1,361$1,123$511
18 years$2,202$1,822$1,499$1,226$999$429
19 years$2,064$1,689$1,372$1,108$890$361
20 years$1,941$1,569$1,259$1,004$795$304
21 years$1,829$1,462$1,158$911$711$257
22 years$1,727$1,365$1,068$828$638$217
23 years$1,635$1,276$986$754$572$183
24 years$1,550$1,196$912$688$515$155
25 years$1,472$1,122$844$628$463$131
26 years$1,400$1,055$783$574$417$111
27 years$1,334$993$727$526$376$94
28 years$1,273$935$676$482$339$79
29 years$1,216$882$629$442$306$67
30 years$1,162$833$586$405$277$57
31 years$1,113$788$546$372$250$48
32 years$1,066$745$510$342$226$41
33 years$1,023$706$476$315$205$35
34 years$982$669$445$290$185$29
35 years$943$635$416$267$168$25
36 years$907$602$389$245$152$21
37 years$873$572$364$226$138$18
38 years$840$544$341$208$125$15
39 years$810$517$319$192$113$13
40 years$781$492$299$177$103$11
41 years$753$468$281$164$93$9
42 years$727$446$263$151$85$8
43 years$702$425$247$139$77$7
44 years$678$405$232$129$70$6
45 years$656$386$218$119$63$5
46 years$634$368$205$110$58$4
47 years$614$352$192$101$52$3
48 years$594$336$181$94$47$3
49 years$575$320$170$87$43$2
50 years$557$306$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $571,000, adding $6,546 every year, while hoping to spend $39,781 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: 67/13/20 Blend
58$571,000$571,000$571,000$571,000
59$635,994$605,731$596,881$675,009
60$658,539$593,085$574,550$689,310
61$682,050$578,487$550,137$699,741
62$706,584$561,797$523,531$710,192
63$732,201$542,871$494,616$720,664
64$758,969$521,555$463,268$731,160
65$786,957$497,685$429,361$741,684
66$816,243$471,088$392,761$752,242
67$846,911$441,581$353,329$762,841
68$879,049$408,973$310,920$773,492
69$912,758$373,058$265,381$784,209
70$948,142$333,620$216,554$795,007
71$985,317$290,432$164,273$805,907
72$1,024,408$243,252$108,365$816,932
73$1,065,552$191,827$48,650$828,112
74$1,108,898$135,885$0$839,481
75$1,154,607$75,145$0$854,296
76$1,202,855$9,305$0$880,674
77$1,253,834$0$0$908,323
78$1,307,754$0$0$946,212
79$1,364,844$0$0$987,754
80$1,425,354$0$0$1,031,802
81$1,489,557$0$0$1,078,557
82$1,557,751$0$0$1,128,238
83$1,630,263$0$0$1,181,086
84$1,707,450$0$0$1,237,365
85$1,789,704$0$0$1,297,362
86$1,877,452$0$0$1,361,392
87$1,971,165$0$0$1,429,803
88$2,071,356$0$0$1,502,972
89$2,178,589$0$0$1,581,315
90$2,293,482$0$0$1,665,288
91$2,416,714$0$0$1,755,390
92$2,549,028$0$0$1,852,171
93$2,691,242$0$0$1,956,231
94$2,844,251$0$0$2,068,233
95$3,009,040$0$0$2,188,902
96$3,186,689$0$0$2,319,035
97$3,378,387$0$0$2,459,507
98$3,585,437$0$0$2,611,282
99$3,809,274$0$0$2,775,416
100$4,051,473$0$0$2,953,071