Can I retire at age 59 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$47,400$46,978$46,566$46,164$45,772$45,445
2 years$23,466$23,029$22,605$22,194$21,796$21,467
3 years$15,488$15,049$14,627$14,220$13,828$13,506
4 years$11,500$11,063$10,645$10,245$9,862$9,551
5 years$9,108$8,673$8,261$7,869$7,497$7,196
6 years$7,514$7,083$6,676$6,293$5,932$5,643
7 years$6,376$5,948$5,548$5,174$4,825$4,546
8 years$5,523$5,098$4,705$4,340$4,002$3,735
9 years$4,859$4,439$4,052$3,697$3,371$3,115
10 years$4,329$3,913$3,533$3,187$2,872$2,627
11 years$3,895$3,483$3,110$2,773$2,470$2,236
12 years$3,534$3,126$2,760$2,433$2,140$1,918
13 years$3,229$2,825$2,466$2,148$1,866$1,654
14 years$2,967$2,568$2,216$1,906$1,636$1,434
15 years$2,741$2,346$2,001$1,700$1,441$1,249
16 years$2,543$2,153$1,814$1,522$1,273$1,091
17 years$2,369$1,982$1,651$1,368$1,129$956
18 years$2,214$1,832$1,507$1,233$1,004$840
19 years$2,075$1,698$1,379$1,114$895$740
20 years$1,951$1,578$1,266$1,009$799$653
21 years$1,838$1,469$1,164$916$715$577
22 years$1,736$1,372$1,073$832$641$511
23 years$1,643$1,283$991$758$575$453
24 years$1,558$1,202$916$691$517$402
25 years$1,480$1,128$849$631$465$357
26 years$1,408$1,060$787$577$419$317
27 years$1,341$998$731$528$378$282
28 years$1,279$940$680$484$341$251
29 years$1,222$887$632$444$308$224
30 years$1,168$838$589$408$278$200
31 years$1,118$792$549$374$252$178
32 years$1,072$749$512$344$228$159
33 years$1,028$710$478$316$206$142
34 years$987$672$447$291$186$126
35 years$948$638$418$268$169$113
36 years$912$605$391$247$153$101
37 years$877$575$366$227$139$90
38 years$845$546$343$210$126$81
39 years$814$520$321$193$114$72
40 years$785$494$301$178$103$64
41 years$757$471$282$164$94$58
42 years$731$448$265$152$85$51
43 years$706$427$248$140$77$46
44 years$682$407$233$129$70$41
45 years$659$388$219$119$64$37
46 years$638$370$206$110$58$33
47 years$617$353$193$102$52$29
48 years$597$337$181$94$48$26
49 years$578$322$171$87$43$24
50 years$560$308$160$80$39$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $574,000, adding $5,558 every year, while hoping to spend $35,997 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: 42/50/8 Blend
58$574,000$574,000$574,000$574,000
59$638,281$607,859$598,962$663,365
60$665,085$599,344$580,727$672,880
61$693,417$589,204$560,674$679,102
62$723,394$577,324$538,705$685,016
63$755,145$563,578$514,717$690,608
64$788,811$547,834$488,601$695,865
65$824,544$529,953$460,244$700,777
66$862,514$509,786$429,528$705,333
67$902,903$487,179$396,330$709,526
68$945,913$461,964$360,521$713,352
69$991,764$433,968$321,966$716,810
70$1,040,697$403,006$280,525$719,903
71$1,092,975$368,881$236,050$722,639
72$1,148,889$331,386$188,388$725,031
73$1,208,756$290,304$137,379$727,097
74$1,272,924$245,404$82,856$728,865
75$1,341,774$196,441$24,644$730,368
76$1,415,726$143,158$0$731,650
77$1,495,240$85,282$0$735,966
78$1,580,820$22,526$0$742,634
79$1,673,020$0$0$749,647
80$1,772,450$0$0$782,105
81$1,879,779$0$0$830,576
82$1,995,741$0$0$883,005
83$2,121,144$0$0$939,765
84$2,256,877$0$0$1,001,265
85$2,403,914$0$0$1,067,955
86$2,563,330$0$0$1,140,332
87$2,736,303$0$0$1,218,940
88$2,924,133$0$0$1,304,378
89$3,128,246$0$0$1,397,305
90$3,350,214$0$0$1,498,447
91$3,591,762$0$0$1,608,602
92$3,854,794$0$0$1,728,649
93$4,141,399$0$0$1,859,553
94$4,453,881$0$0$2,002,379
95$4,794,773$0$0$2,158,297
96$5,166,864$0$0$2,328,596
97$5,573,223$0$0$2,514,696
98$6,017,230$0$0$2,718,159
99$6,502,606$0$0$2,940,704
100$7,033,445$0$0$3,184,226