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%14.3%
1 years$47,648$47,224$46,810$46,405$46,011$45,193
2 years$23,588$23,149$22,723$22,310$21,910$21,089
3 years$15,569$15,128$14,703$14,294$13,901$13,101
4 years$11,561$11,121$10,700$10,298$9,914$9,143
5 years$9,156$8,719$8,304$7,910$7,536$6,796
6 years$7,553$7,120$6,711$6,326$5,963$5,255
7 years$6,409$5,979$5,577$5,201$4,850$4,173
8 years$5,551$5,125$4,729$4,363$4,023$3,378
9 years$4,885$4,462$4,073$3,716$3,388$2,774
10 years$4,352$3,933$3,551$3,203$2,887$2,303
11 years$3,916$3,502$3,127$2,788$2,483$1,929
12 years$3,553$3,143$2,775$2,445$2,152$1,627
13 years$3,246$2,840$2,479$2,159$1,876$1,380
14 years$2,983$2,582$2,227$1,916$1,645$1,176
15 years$2,755$2,358$2,011$1,709$1,448$1,006
16 years$2,556$2,164$1,823$1,530$1,280$863
17 years$2,381$1,993$1,659$1,375$1,135$743
18 years$2,225$1,841$1,515$1,239$1,009$641
19 years$2,086$1,707$1,387$1,120$899$554
20 years$1,961$1,586$1,272$1,014$803$479
21 years$1,848$1,477$1,170$920$719$415
22 years$1,745$1,379$1,079$837$644$361
23 years$1,652$1,290$996$762$578$313
24 years$1,566$1,208$921$695$520$272
25 years$1,488$1,134$853$635$468$237
26 years$1,415$1,066$791$580$421$206
27 years$1,348$1,003$735$531$380$180
28 years$1,286$945$683$487$343$157
29 years$1,228$892$636$446$310$137
30 years$1,175$842$592$410$280$119
31 years$1,124$796$552$376$253$104
32 years$1,077$753$515$346$229$91
33 years$1,033$713$481$318$207$79
34 years$992$676$449$293$187$69
35 years$953$641$420$269$170$61
36 years$916$609$393$248$154$53
37 years$882$578$368$229$139$46
38 years$849$549$344$211$126$40
39 years$818$522$323$194$115$35
40 years$789$497$302$179$104$31
41 years$761$473$284$165$94$27
42 years$735$451$266$153$86$24
43 years$709$429$250$141$78$21
44 years$686$409$234$130$70$18
45 years$663$390$220$120$64$16
46 years$641$372$207$111$58$14
47 years$620$355$194$102$53$12
48 years$600$339$182$95$48$11
49 years$581$324$171$88$44$9
50 years$563$309$161$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $577,000, adding $3,567 every year, while hoping to spend $22,514 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: 66/13/21 Blend
58$577,000$577,000$577,000$577,000
59$639,533$608,952$600,009$678,114
60$680,811$614,836$596,154$710,333
61$725,544$620,254$591,416$742,640
62$774,062$625,159$585,741$777,428
63$826,726$629,501$579,073$814,941
64$883,934$633,228$571,353$855,449
65$946,122$636,283$562,521$899,248
66$1,013,772$638,607$552,511$946,667
67$1,087,414$640,136$541,257$998,068
68$1,167,630$640,802$528,689$1,053,849
69$1,255,061$640,534$514,732$1,114,452
70$1,350,412$639,255$499,311$1,180,362
71$1,454,460$636,884$482,344$1,252,115
72$1,568,059$633,336$463,747$1,330,304
73$1,692,151$628,520$443,432$1,415,581
74$1,827,771$622,338$421,308$1,508,667
75$1,976,060$614,688$397,277$1,610,355
76$2,138,272$605,462$371,240$1,721,523
77$2,315,791$594,544$343,092$1,843,138
78$2,510,138$581,813$312,722$1,976,266
79$2,722,989$567,140$280,015$2,122,084
80$2,956,191$550,387$244,853$2,281,891
81$3,211,777$531,410$207,110$2,457,117
82$3,491,986$510,056$166,655$2,649,343
83$3,799,282$486,163$123,352$2,860,310
84$4,136,383$459,559$77,059$3,091,939
85$4,506,280$430,064$27,626$3,346,350
86$4,912,268$397,484$0$3,625,879
87$5,357,977$361,618$0$3,938,734
88$5,847,404$322,251$0$4,289,098
89$6,384,955$279,158$0$4,673,948
90$6,975,482$232,097$0$5,096,779
91$7,624,328$180,818$0$5,561,444
92$8,337,384$125,052$0$6,072,190
93$9,121,135$64,518$0$6,633,696
94$9,982,730$0$0$7,251,119
95$10,930,041$0$0$7,930,297
96$11,971,743$0$0$8,687,339
97$13,117,395$0$0$9,519,966
98$14,377,526$0$0$10,435,836
99$15,763,738$0$0$11,443,387
100$17,288,814$0$0$12,551,916