Can I retire at age 59 with 577,000?

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 $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%16%
1 years$47,648$47,224$46,810$46,405$46,011$44,880
2 years$23,588$23,149$22,723$22,310$21,910$20,778
3 years$15,569$15,128$14,703$14,294$13,901$12,802
4 years$11,561$11,121$10,700$10,298$9,914$8,858
5 years$9,156$8,719$8,304$7,910$7,536$6,526
6 years$7,553$7,120$6,711$6,326$5,963$4,999
7 years$6,409$5,979$5,577$5,201$4,850$3,932
8 years$5,551$5,125$4,729$4,363$4,023$3,152
9 years$4,885$4,462$4,073$3,716$3,388$2,562
10 years$4,352$3,933$3,551$3,203$2,887$2,105
11 years$3,916$3,502$3,127$2,788$2,483$1,744
12 years$3,553$3,143$2,775$2,445$2,152$1,455
13 years$3,246$2,840$2,479$2,159$1,876$1,220
14 years$2,983$2,582$2,227$1,916$1,645$1,028
15 years$2,755$2,358$2,011$1,709$1,448$869
16 years$2,556$2,164$1,823$1,530$1,280$737
17 years$2,381$1,993$1,659$1,375$1,135$626
18 years$2,225$1,841$1,515$1,239$1,009$533
19 years$2,086$1,707$1,387$1,120$899$455
20 years$1,961$1,586$1,272$1,014$803$389
21 years$1,848$1,477$1,170$920$719$333
22 years$1,745$1,379$1,079$837$644$285
23 years$1,652$1,290$996$762$578$244
24 years$1,566$1,208$921$695$520$210
25 years$1,488$1,134$853$635$468$180
26 years$1,415$1,066$791$580$421$155
27 years$1,348$1,003$735$531$380$133
28 years$1,286$945$683$487$343$114
29 years$1,228$892$636$446$310$98
30 years$1,175$842$592$410$280$85
31 years$1,124$796$552$376$253$73
32 years$1,077$753$515$346$229$63
33 years$1,033$713$481$318$207$54
34 years$992$676$449$293$187$46
35 years$953$641$420$269$170$40
36 years$916$609$393$248$154$34
37 years$882$578$368$229$139$30
38 years$849$549$344$211$126$26
39 years$818$522$323$194$115$22
40 years$789$497$302$179$104$19
41 years$761$473$284$165$94$16
42 years$735$451$266$153$86$14
43 years$709$429$250$141$78$12
44 years$686$409$234$130$70$10
45 years$663$390$220$120$64$9
46 years$641$372$207$111$58$8
47 years$620$355$194$102$53$7
48 years$600$339$182$95$48$6
49 years$581$324$171$88$44$5
50 years$563$309$161$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $577,000, adding $6,451 every year, while hoping to spend $45,475 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: 38/32/30 Blend
58$577,000$577,000$577,000$577,000
59$642,508$611,927$602,984$660,994
60$659,659$593,527$574,799$656,810
61$677,035$572,700$544,145$647,690
62$694,611$549,281$510,893$636,980
63$712,359$523,093$474,905$624,568
64$730,244$493,949$436,038$610,332
65$748,227$461,651$394,144$594,143
66$766,265$425,991$349,067$575,865
67$784,308$386,748$300,644$555,352
68$802,297$343,688$248,705$532,449
69$820,167$296,565$193,073$506,991
70$837,845$245,118$133,562$478,803
71$855,249$189,072$69,980$447,698
72$872,283$128,136$2,123$413,476
73$888,844$62,002$0$375,924
74$904,813$0$0$357,318
75$920,058$0$0$340,501
76$934,431$0$0$345,110
77$947,767$0$0$349,239
78$959,881$0$0$352,811
79$970,566$0$0$355,737
80$979,595$0$0$357,921
81$986,710$0$0$359,253
82$991,627$0$0$359,613
83$994,031$0$0$358,867
84$993,569$0$0$356,866
85$989,852$0$0$353,445
86$982,446$0$0$348,420
87$970,871$0$0$341,589
88$954,595$0$0$332,726
89$933,026$0$0$321,583
90$905,511$0$0$307,883
91$871,324$0$0$291,321
92$829,664$0$0$271,558
93$779,643$0$0$248,221
94$720,279$0$0$220,897
95$650,484$0$0$189,127
96$569,058$0$0$152,405
97$474,671$0$0$110,174
98$365,855$0$0$61,816
99$240,987$0$0$6,647
100$98,274$0$0$0