Can I retire at age 59 with 571,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$47,153$46,733$46,323$45,923$45,532$44,163
2 years$23,343$22,908$22,487$22,078$21,682$20,314
3 years$15,407$14,971$14,550$14,146$13,756$12,432
4 years$11,440$11,005$10,589$10,191$9,811$8,542
5 years$9,061$8,628$8,218$7,828$7,458$6,247
6 years$7,475$7,046$6,641$6,260$5,901$4,749
7 years$6,343$5,917$5,519$5,147$4,799$3,705
8 years$5,494$5,072$4,680$4,317$3,982$2,946
9 years$4,834$4,416$4,031$3,677$3,353$2,374
10 years$4,306$3,892$3,514$3,170$2,857$1,934
11 years$3,875$3,465$3,094$2,759$2,457$1,588
12 years$3,516$3,110$2,746$2,420$2,129$1,312
13 years$3,212$2,811$2,453$2,136$1,857$1,090
14 years$2,952$2,555$2,204$1,896$1,628$910
15 years$2,727$2,334$1,990$1,691$1,433$761
16 years$2,530$2,141$1,804$1,514$1,267$639
17 years$2,356$1,972$1,642$1,361$1,123$538
18 years$2,202$1,822$1,499$1,226$999$453
19 years$2,064$1,689$1,372$1,108$890$383
20 years$1,941$1,569$1,259$1,004$795$324
21 years$1,829$1,462$1,158$911$711$274
22 years$1,727$1,365$1,068$828$638$232
23 years$1,635$1,276$986$754$572$197
24 years$1,550$1,196$912$688$515$167
25 years$1,472$1,122$844$628$463$142
26 years$1,400$1,055$783$574$417$121
27 years$1,334$993$727$526$376$102
28 years$1,273$935$676$482$339$87
29 years$1,216$882$629$442$306$74
30 years$1,162$833$586$405$277$63
31 years$1,113$788$546$372$250$54
32 years$1,066$745$510$342$226$46
33 years$1,023$706$476$315$205$39
34 years$982$669$445$290$185$33
35 years$943$635$416$267$168$28
36 years$907$602$389$245$152$24
37 years$873$572$364$226$138$20
38 years$840$544$341$208$125$17
39 years$810$517$319$192$113$15
40 years$781$492$299$177$103$13
41 years$753$468$281$164$93$11
42 years$727$446$263$151$85$9
43 years$702$425$247$139$77$8
44 years$678$405$232$129$70$7
45 years$656$386$218$119$63$6
46 years$634$368$205$110$58$5
47 years$614$352$192$101$52$4
48 years$594$336$181$94$47$3
49 years$575$320$170$87$43$3
50 years$557$306$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $571,000, adding $5,231 every year, while hoping to spend $42,080 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: 82/9/9 Blend
58$571,000$571,000$571,000$571,000
59$634,638$604,375$595,524$685,444
60$654,598$589,216$570,702$704,310
61$675,184$571,905$543,637$718,889
62$696,415$552,290$514,211$733,617
63$718,311$530,214$482,298$748,487
64$740,892$505,508$447,769$763,490
65$764,180$477,995$410,486$778,614
66$788,196$447,487$370,308$793,848
67$812,964$413,785$327,084$809,181
68$838,505$376,679$280,661$824,600
69$864,844$335,948$230,874$840,089
70$892,005$291,357$177,556$855,634
71$920,014$242,657$120,528$871,216
72$948,895$189,588$59,606$886,818
73$978,676$131,871$0$902,420
74$1,009,384$69,216$0$918,520
75$1,041,048$1,314$0$940,717
76$1,073,695$0$0$963,277
77$1,107,356$0$0$993,341
78$1,142,060$0$0$1,024,471
79$1,177,840$0$0$1,056,566
80$1,214,727$0$0$1,089,653
81$1,252,754$0$0$1,123,763
82$1,291,954$0$0$1,158,926
83$1,332,363$0$0$1,195,172
84$1,374,015$0$0$1,232,533
85$1,416,947$0$0$1,271,042
86$1,461,196$0$0$1,310,732
87$1,506,799$0$0$1,351,636
88$1,553,795$0$0$1,393,790
89$1,602,224$0$0$1,437,229
90$1,652,126$0$0$1,481,988
91$1,703,542$0$0$1,528,105
92$1,756,514$0$0$1,575,617
93$1,811,084$0$0$1,624,562
94$1,867,295$0$0$1,674,978
95$1,925,191$0$0$1,726,906
96$1,984,817$0$0$1,780,384
97$2,046,218$0$0$1,835,453
98$2,109,438$0$0$1,892,153
99$2,174,524$0$0$1,950,525
100$2,241,521$0$0$2,010,611