Can I retire at age 59 with 575,000?

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 $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%11.2%
1 years$47,483$47,060$46,647$46,245$45,851$45,620
2 years$23,506$23,069$22,644$22,233$21,834$21,600
3 years$15,515$15,076$14,652$14,245$13,852$13,624
4 years$11,520$11,082$10,663$10,263$9,880$9,658
5 years$9,124$8,689$8,275$7,883$7,510$7,296
6 years$7,527$7,095$6,687$6,304$5,943$5,736
7 years$6,387$5,958$5,557$5,183$4,833$4,634
8 years$5,532$5,107$4,713$4,348$4,009$3,819
9 years$4,868$4,447$4,059$3,703$3,377$3,194
10 years$4,336$3,920$3,539$3,192$2,877$2,702
11 years$3,902$3,489$3,116$2,778$2,474$2,307
12 years$3,540$3,132$2,765$2,437$2,144$1,984
13 years$3,234$2,830$2,470$2,151$1,870$1,717
14 years$2,973$2,573$2,220$1,910$1,639$1,494
15 years$2,746$2,350$2,004$1,703$1,443$1,305
16 years$2,547$2,156$1,817$1,525$1,275$1,144
17 years$2,373$1,986$1,653$1,370$1,131$1,006
18 years$2,218$1,835$1,509$1,235$1,006$887
19 years$2,079$1,701$1,382$1,116$896$784
20 years$1,954$1,580$1,268$1,011$801$694
21 years$1,842$1,472$1,166$917$716$616
22 years$1,739$1,374$1,075$834$642$547
23 years$1,646$1,285$993$759$576$487
24 years$1,561$1,204$918$693$518$434
25 years$1,482$1,130$850$633$466$387
26 years$1,410$1,062$789$578$420$345
27 years$1,343$999$732$529$379$308
28 years$1,282$942$681$485$342$276
29 years$1,224$888$633$445$308$246
30 years$1,170$839$590$408$279$221
31 years$1,120$793$550$375$252$198
32 years$1,074$751$513$345$228$177
33 years$1,030$711$479$317$206$159
34 years$989$674$448$292$187$142
35 years$950$639$419$268$169$127
36 years$913$606$392$247$153$114
37 years$879$576$367$228$139$103
38 years$846$547$343$210$126$92
39 years$815$521$322$194$114$83
40 years$786$495$301$179$104$74
41 years$758$471$283$165$94$67
42 years$732$449$265$152$85$60
43 years$707$428$249$140$77$54
44 years$683$408$234$130$70$48
45 years$660$389$219$120$64$43
46 years$639$371$206$111$58$39
47 years$618$354$193$102$53$35
48 years$598$338$182$94$48$31
49 years$579$323$171$87$43$28
50 years$561$308$161$81$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $575,000, adding $6,939 every year, while hoping to spend $29,125 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: 43/50/7 Blend
58$575,000$575,000$575,000$575,000
59$640,808$610,333$601,420$666,776
60$675,181$609,250$590,579$684,410
61$712,085$607,138$578,398$699,977
62$751,746$603,916$564,803$716,168
63$794,413$599,498$549,713$733,051
64$840,362$593,792$533,047$750,701
65$889,892$586,700$514,717$769,204
66$943,334$578,122$494,634$788,657
67$1,001,051$567,948$472,701$809,167
68$1,063,443$556,062$448,821$830,856
69$1,130,948$542,342$422,891$853,860
70$1,204,048$526,660$394,801$878,333
71$1,283,273$508,879$364,438$904,446
72$1,369,206$488,853$331,686$932,390
73$1,462,488$466,429$296,421$962,380
74$1,563,823$441,446$258,513$994,657
75$1,673,989$413,732$217,828$1,029,486
76$1,793,836$383,106$174,226$1,067,169
77$1,924,305$349,375$127,560$1,108,039
78$2,066,427$312,338$77,676$1,152,467
79$2,221,340$271,780$24,416$1,200,869
80$2,390,295$227,476$0$1,253,707
81$2,574,668$179,185$0$1,313,917
82$2,775,974$126,655$0$1,381,753
83$2,995,883$69,621$0$1,456,042
84$3,236,230$7,799$0$1,537,504
85$3,499,038$0$0$1,626,943
86$3,786,533$0$0$1,757,769
87$4,101,166$0$0$1,905,710
88$4,445,636$0$0$2,067,754
89$4,822,916$0$0$2,245,308
90$5,236,279$0$0$2,439,922
91$5,689,330$0$0$2,653,302
92$6,186,039$0$0$2,887,330
93$6,730,779$0$0$3,144,075
94$7,328,366$0$0$3,425,818
95$7,984,105$0$0$3,735,072
96$8,703,839$0$0$4,074,604
97$9,494,004$0$0$4,447,464
98$10,361,691$0$0$4,857,008
99$11,314,710$0$0$5,306,937
100$12,361,665$0$0$5,801,325