Can I retire at age 59 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$47,648$47,224$46,810$46,405$46,011$44,556
2 years$23,588$23,149$22,723$22,310$21,910$20,457
3 years$15,569$15,128$14,703$14,294$13,901$12,496
4 years$11,561$11,121$10,700$10,298$9,914$8,568
5 years$9,156$8,719$8,304$7,910$7,536$6,253
6 years$7,553$7,120$6,711$6,326$5,963$4,743
7 years$6,409$5,979$5,577$5,201$4,850$3,692
8 years$5,551$5,125$4,729$4,363$4,023$2,928
9 years$4,885$4,462$4,073$3,716$3,388$2,355
10 years$4,352$3,933$3,551$3,203$2,887$1,913
11 years$3,916$3,502$3,127$2,788$2,483$1,567
12 years$3,553$3,143$2,775$2,445$2,152$1,292
13 years$3,246$2,840$2,479$2,159$1,876$1,070
14 years$2,983$2,582$2,227$1,916$1,645$890
15 years$2,755$2,358$2,011$1,709$1,448$743
16 years$2,556$2,164$1,823$1,530$1,280$622
17 years$2,381$1,993$1,659$1,375$1,135$522
18 years$2,225$1,841$1,515$1,239$1,009$439
19 years$2,086$1,707$1,387$1,120$899$369
20 years$1,961$1,586$1,272$1,014$803$311
21 years$1,848$1,477$1,170$920$719$263
22 years$1,745$1,379$1,079$837$644$222
23 years$1,652$1,290$996$762$578$188
24 years$1,566$1,208$921$695$520$159
25 years$1,488$1,134$853$635$468$134
26 years$1,415$1,066$791$580$421$114
27 years$1,348$1,003$735$531$380$96
28 years$1,286$945$683$487$343$82
29 years$1,228$892$636$446$310$69
30 years$1,175$842$592$410$280$59
31 years$1,124$796$552$376$253$50
32 years$1,077$753$515$346$229$42
33 years$1,033$713$481$318$207$36
34 years$992$676$449$293$187$30
35 years$953$641$420$269$170$26
36 years$916$609$393$248$154$22
37 years$882$578$368$229$139$19
38 years$849$549$344$211$126$16
39 years$818$522$323$194$115$13
40 years$789$497$302$179$104$11
41 years$761$473$284$165$94$10
42 years$735$451$266$153$86$8
43 years$709$429$250$141$78$7
44 years$686$409$234$130$70$6
45 years$663$390$220$120$64$5
46 years$641$372$207$111$58$4
47 years$620$355$194$102$53$4
48 years$600$339$182$95$48$3
49 years$581$324$171$88$44$3
50 years$563$309$161$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $577,000, adding $4,555 every year, while hoping to spend $33,259 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: 60/11/29 Blend
58$577,000$577,000$577,000$577,000
59$640,552$609,971$601,028$673,696
60$670,502$604,473$585,775$691,352
61$702,391$597,590$568,897$706,669
62$736,383$589,220$550,303$722,693
63$772,656$579,254$529,900$739,503
64$811,405$567,576$507,590$757,183
65$852,846$554,064$483,272$775,832
66$897,211$538,588$456,836$795,557
67$944,759$521,012$428,173$816,479
68$995,772$501,189$397,164$838,733
69$1,050,559$478,966$363,688$862,470
70$1,109,462$454,180$327,617$887,858
71$1,172,852$426,661$288,817$915,083
72$1,241,140$396,224$247,150$944,355
73$1,314,777$362,679$202,469$975,904
74$1,394,256$325,822$154,624$1,009,990
75$1,480,121$285,439$103,455$1,046,899
76$1,572,969$241,301$48,796$1,086,951
77$1,673,457$193,170$0$1,130,500
78$1,782,306$140,792$0$1,180,891
79$1,900,310$83,899$0$1,251,915
80$2,028,341$22,209$0$1,329,001
81$2,167,358$0$0$1,412,750
82$2,318,417$0$0$1,509,217
83$2,482,678$0$0$1,617,080
84$2,661,419$0$0$1,734,493
85$2,856,046$0$0$1,862,384
86$3,068,103$0$0$2,001,777
87$3,299,294$0$0$2,153,795
88$3,551,492$0$0$2,319,675
89$3,826,757$0$0$2,500,780
90$4,127,359$0$0$2,698,610
91$4,455,795$0$0$2,914,815
92$4,814,817$0$0$3,151,212
93$5,207,452$0$0$3,409,804
94$5,637,034$0$0$3,692,792
95$6,107,233$0$0$4,002,604
96$6,622,092$0$0$4,341,910
97$7,186,063$0$0$4,713,654
98$7,804,046$0$0$5,121,075
99$8,481,442$0$0$5,567,742
100$9,224,195$0$0$6,057,584