Can I retire at age 59 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$47,483$47,060$46,647$46,245$45,851$44,330
2 years$23,506$23,069$22,644$22,233$21,834$20,316
3 years$15,515$15,076$14,652$14,245$13,852$12,386
4 years$11,520$11,082$10,663$10,263$9,880$8,475
5 years$9,124$8,689$8,275$7,883$7,510$6,172
6 years$7,527$7,095$6,687$6,304$5,943$4,671
7 years$6,387$5,958$5,557$5,183$4,833$3,629
8 years$5,532$5,107$4,713$4,348$4,009$2,871
9 years$4,868$4,447$4,059$3,703$3,377$2,303
10 years$4,336$3,920$3,539$3,192$2,877$1,866
11 years$3,902$3,489$3,116$2,778$2,474$1,525
12 years$3,540$3,132$2,765$2,437$2,144$1,253
13 years$3,234$2,830$2,470$2,151$1,870$1,036
14 years$2,973$2,573$2,220$1,910$1,639$859
15 years$2,746$2,350$2,004$1,703$1,443$715
16 years$2,547$2,156$1,817$1,525$1,275$597
17 years$2,373$1,986$1,653$1,370$1,131$499
18 years$2,218$1,835$1,509$1,235$1,006$418
19 years$2,079$1,701$1,382$1,116$896$351
20 years$1,954$1,580$1,268$1,011$801$295
21 years$1,842$1,472$1,166$917$716$248
22 years$1,739$1,374$1,075$834$642$209
23 years$1,646$1,285$993$759$576$176
24 years$1,561$1,204$918$693$518$149
25 years$1,482$1,130$850$633$466$125
26 years$1,410$1,062$789$578$420$106
27 years$1,343$999$732$529$379$89
28 years$1,282$942$681$485$342$75
29 years$1,224$888$633$445$308$64
30 years$1,170$839$590$408$279$54
31 years$1,120$793$550$375$252$46
32 years$1,074$751$513$345$228$38
33 years$1,030$711$479$317$206$33
34 years$989$674$448$292$187$27
35 years$950$639$419$268$169$23
36 years$913$606$392$247$153$20
37 years$879$576$367$228$139$17
38 years$846$547$343$210$126$14
39 years$815$521$322$194$114$12
40 years$786$495$301$179$104$10
41 years$758$471$283$165$94$9
42 years$732$449$265$152$85$7
43 years$707$428$249$140$77$6
44 years$683$408$234$130$70$5
45 years$660$389$219$120$64$4
46 years$639$371$206$111$58$4
47 years$618$354$193$102$53$3
48 years$598$338$182$94$48$3
49 years$579$323$171$87$43$2
50 years$561$308$161$81$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $575,000, adding $5,141 every year, while hoping to spend $20,762 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: 57/28/15 Blend
58$575,000$575,000$575,000$575,000
59$638,953$608,478$599,565$672,614
60$682,036$616,203$597,560$703,740
61$728,817$623,610$594,792$734,925
62$779,652$630,663$591,213$768,429
63$834,932$637,321$586,774$804,477
64$895,086$643,541$581,423$843,318
65$960,589$649,279$575,105$885,229
66$1,031,960$654,485$567,762$930,514
67$1,109,774$659,107$559,335$979,507
68$1,194,659$663,092$549,761$1,032,580
69$1,287,311$666,381$538,975$1,090,141
70$1,388,494$668,910$526,908$1,152,641
71$1,499,048$670,615$513,487$1,220,577
72$1,619,900$671,424$498,638$1,294,500
73$1,752,070$671,264$482,282$1,375,016
74$1,896,679$670,054$464,337$1,462,794
75$2,054,964$667,710$444,716$1,558,572
76$2,228,287$664,144$423,330$1,663,165
77$2,418,145$659,260$400,085$1,777,472
78$2,626,190$652,958$374,882$1,902,486
79$2,854,239$645,131$347,618$2,039,301
80$3,104,295$635,666$318,187$2,189,125
81$3,378,563$624,443$286,476$2,353,291
82$3,679,471$611,336$252,368$2,533,268
83$4,009,696$596,210$215,741$2,730,680
84$4,372,183$578,922$176,466$2,947,316
85$4,770,179$559,323$134,411$3,185,150
86$5,207,260$537,252$89,437$3,446,359
87$5,687,364$512,542$41,397$3,733,346
88$6,214,832$485,013$0$4,048,761
89$6,794,443$454,476$0$4,397,107
90$7,431,464$420,733$0$4,787,200
91$8,131,696$383,572$0$5,215,992
92$8,901,532$342,771$0$5,687,430
93$9,748,014$298,092$0$6,205,870
94$10,678,901$249,288$0$6,776,111
95$11,702,741$196,095$0$7,403,446
96$12,828,952$138,236$0$8,093,709
97$14,067,912$75,416$0$8,853,331
98$15,431,053$7,325$0$9,689,404
99$16,930,974$0$0$10,609,744
100$18,581,553$0$0$11,643,414