Can I retire at age 59 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$47,566$47,142$46,728$46,325$45,931$44,372
2 years$23,547$23,109$22,684$22,272$21,872$20,317
3 years$15,542$15,102$14,678$14,270$13,876$12,374
4 years$11,541$11,101$10,682$10,280$9,897$8,459
5 years$9,140$8,704$8,289$7,896$7,523$6,154
6 years$7,540$7,107$6,699$6,315$5,953$4,652
7 years$6,398$5,969$5,567$5,192$4,841$3,610
8 years$5,542$5,116$4,721$4,355$4,016$2,853
9 years$4,876$4,455$4,066$3,710$3,382$2,285
10 years$4,344$3,926$3,545$3,198$2,882$1,850
11 years$3,909$3,496$3,121$2,783$2,479$1,509
12 years$3,546$3,137$2,770$2,441$2,148$1,239
13 years$3,240$2,835$2,475$2,155$1,873$1,022
14 years$2,978$2,577$2,224$1,913$1,642$847
15 years$2,750$2,354$2,008$1,706$1,446$704
16 years$2,552$2,160$1,820$1,528$1,278$587
17 years$2,377$1,989$1,656$1,373$1,133$490
18 years$2,221$1,838$1,512$1,237$1,007$410
19 years$2,083$1,704$1,384$1,118$898$344
20 years$1,958$1,583$1,270$1,012$802$288
21 years$1,845$1,475$1,168$919$718$242
22 years$1,742$1,376$1,077$835$643$204
23 years$1,649$1,287$994$761$577$171
24 years$1,564$1,206$920$694$519$144
25 years$1,485$1,132$852$634$467$121
26 years$1,413$1,064$790$579$421$102
27 years$1,346$1,001$734$530$379$86
28 years$1,284$943$682$486$342$73
29 years$1,226$890$635$446$309$61
30 years$1,172$841$591$409$279$52
31 years$1,122$795$551$376$252$44
32 years$1,075$752$514$345$228$37
33 years$1,032$712$480$317$207$31
34 years$990$675$449$292$187$26
35 years$951$640$419$269$169$22
36 years$915$608$392$248$154$19
37 years$880$577$367$228$139$16
38 years$848$548$344$210$126$13
39 years$817$521$322$194$114$11
40 years$787$496$302$179$104$10
41 years$760$472$283$165$94$8
42 years$733$450$266$152$85$7
43 years$708$429$249$141$78$6
44 years$684$408$234$130$70$5
45 years$662$390$220$120$64$4
46 years$640$372$206$111$58$3
47 years$619$355$194$102$53$3
48 years$599$339$182$95$48$2
49 years$580$323$171$87$43$2
50 years$562$309$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 $576,000, adding $6,170 every year, while hoping to spend $34,971 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: 43/38/19 Blend
58$576,000$576,000$576,000$576,000
59$641,116$610,588$601,660$664,899
60$669,301$603,298$584,607$675,000
61$699,189$594,479$565,810$682,037
62$730,916$584,018$545,175$688,932
63$764,633$571,798$522,602$695,691
64$800,502$557,693$497,985$702,320
65$838,703$541,570$471,217$708,830
66$879,432$523,288$442,184$715,236
67$922,903$502,698$410,767$721,555
68$969,352$479,643$376,840$727,814
69$1,019,037$453,957$340,275$734,042
70$1,072,240$425,462$300,936$740,276
71$1,129,271$393,972$258,680$746,561
72$1,190,472$359,292$213,361$752,951
73$1,256,214$321,211$164,822$759,509
74$1,326,907$279,510$112,903$766,311
75$1,403,002$233,956$57,436$773,444
76$1,484,993$184,304$0$781,009
77$1,573,421$130,294$0$789,480
78$1,668,883$71,652$0$811,086
79$1,772,034$8,088$0$834,366
80$1,883,593$0$0$859,539
81$2,004,352$0$0$912,233
82$2,135,180$0$0$973,045
83$2,277,034$0$0$1,039,043
84$2,430,966$0$0$1,110,727
85$2,598,130$0$0$1,188,641
86$2,779,801$0$0$1,273,389
87$2,977,377$0$0$1,365,631
88$3,192,398$0$0$1,466,096
89$3,426,557$0$0$1,575,585
90$3,681,720$0$0$1,694,981
91$3,959,938$0$0$1,825,253
92$4,263,468$0$0$1,967,471
93$4,594,796$0$0$2,122,811
94$4,956,658$0$0$2,292,567
95$5,352,066$0$0$2,478,164
96$5,784,335$0$0$2,681,173
97$6,257,115$0$0$2,903,321
98$6,774,426$0$0$3,146,512
99$7,340,695$0$0$3,412,840
100$7,960,794$0$0$3,704,613