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%15.3%
1 years$47,153$46,733$46,323$45,923$45,532$44,540
2 years$23,343$22,908$22,487$22,078$21,682$20,688
3 years$15,407$14,971$14,550$14,146$13,756$12,790
4 years$11,440$11,005$10,589$10,191$9,811$8,881
5 years$9,061$8,628$8,218$7,828$7,458$6,567
6 years$7,475$7,046$6,641$6,260$5,901$5,050
7 years$6,343$5,917$5,519$5,147$4,799$3,988
8 years$5,494$5,072$4,680$4,317$3,982$3,209
9 years$4,834$4,416$4,031$3,677$3,353$2,620
10 years$4,306$3,892$3,514$3,170$2,857$2,162
11 years$3,875$3,465$3,094$2,759$2,457$1,799
12 years$3,516$3,110$2,746$2,420$2,129$1,508
13 years$3,212$2,811$2,453$2,136$1,857$1,270
14 years$2,952$2,555$2,204$1,896$1,628$1,075
15 years$2,727$2,334$1,990$1,691$1,433$913
16 years$2,530$2,141$1,804$1,514$1,267$778
17 years$2,356$1,972$1,642$1,361$1,123$665
18 years$2,202$1,822$1,499$1,226$999$569
19 years$2,064$1,689$1,372$1,108$890$488
20 years$1,941$1,569$1,259$1,004$795$420
21 years$1,829$1,462$1,158$911$711$361
22 years$1,727$1,365$1,068$828$638$311
23 years$1,635$1,276$986$754$572$268
24 years$1,550$1,196$912$688$515$231
25 years$1,472$1,122$844$628$463$200
26 years$1,400$1,055$783$574$417$172
27 years$1,334$993$727$526$376$149
28 years$1,273$935$676$482$339$129
29 years$1,216$882$629$442$306$112
30 years$1,162$833$586$405$277$97
31 years$1,113$788$546$372$250$84
32 years$1,066$745$510$342$226$72
33 years$1,023$706$476$315$205$63
34 years$982$669$445$290$185$54
35 years$943$635$416$267$168$47
36 years$907$602$389$245$152$41
37 years$873$572$364$226$138$35
38 years$840$544$341$208$125$31
39 years$810$517$319$192$113$27
40 years$781$492$299$177$103$23
41 years$753$468$281$164$93$20
42 years$727$446$263$151$85$17
43 years$702$425$247$139$77$15
44 years$678$405$232$129$70$13
45 years$656$386$218$119$63$11
46 years$634$368$205$110$58$10
47 years$614$352$192$101$52$8
48 years$594$336$181$94$47$7
49 years$575$320$170$87$43$6
50 years$557$306$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $571,000, adding $3,147 every year, while hoping to spend $45,985 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: 44/32/24 Blend
58$571,000$571,000$571,000$571,000
59$632,488$602,225$593,375$655,794
60$648,074$582,806$564,325$653,206
61$663,709$560,895$532,761$645,709
62$679,349$536,320$498,550$636,666
63$694,944$508,901$461,553$625,960
64$710,438$478,448$421,625$613,462
65$725,768$444,757$378,614$599,037
66$740,861$407,615$332,363$582,539
67$755,638$366,797$282,706$563,813
68$770,007$322,065$229,471$542,691
69$783,867$273,165$172,477$518,996
70$797,103$219,831$111,537$492,535
71$809,587$161,782$46,453$463,103
72$821,177$98,722$0$430,481
73$831,713$30,335$0$400,324
74$841,017$0$0$379,566
75$848,890$0$0$371,477
76$855,113$0$0$373,230
77$859,439$0$0$374,024
78$861,595$0$0$373,724
79$861,277$0$0$372,182
80$858,149$0$0$369,234
81$851,836$0$0$364,697
82$841,922$0$0$358,367
83$827,949$0$0$350,021
84$809,404$0$0$339,409
85$785,724$0$0$326,256
86$756,282$0$0$310,256
87$720,385$0$0$291,072
88$677,266$0$0$268,330
89$626,076$0$0$241,617
90$565,875$0$0$210,476
91$495,627$0$0$174,401
92$414,182$0$0$132,833
93$320,272$0$0$85,156
94$212,494$0$0$30,687
95$89,298$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0