Can I retire at age 59 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$47,731$47,306$46,891$46,486$46,091$45,781
2 years$23,629$23,189$22,762$22,349$21,948$21,636
3 years$15,596$15,154$14,729$14,319$13,925$13,619
4 years$11,581$11,140$10,719$10,316$9,931$9,635
5 years$9,172$8,734$8,318$7,924$7,550$7,264
6 years$7,567$7,132$6,722$6,337$5,974$5,699
7 years$6,420$5,989$5,586$5,210$4,858$4,594
8 years$5,561$5,134$4,738$4,370$4,030$3,777
9 years$4,893$4,470$4,081$3,723$3,394$3,151
10 years$4,359$3,940$3,558$3,209$2,892$2,660
11 years$3,922$3,508$3,132$2,793$2,487$2,265
12 years$3,559$3,148$2,780$2,450$2,155$1,944
13 years$3,251$2,845$2,483$2,163$1,880$1,678
14 years$2,988$2,586$2,231$1,920$1,648$1,456
15 years$2,760$2,362$2,015$1,712$1,451$1,268
16 years$2,561$2,168$1,826$1,533$1,282$1,109
17 years$2,385$1,996$1,662$1,377$1,137$972
18 years$2,229$1,845$1,517$1,241$1,011$855
19 years$2,090$1,710$1,389$1,122$901$754
20 years$1,964$1,589$1,275$1,016$805$665
21 years$1,851$1,480$1,172$922$720$589
22 years$1,748$1,381$1,081$838$646$521
23 years$1,655$1,292$998$763$579$463
24 years$1,569$1,210$923$696$521$411
25 years$1,490$1,136$855$636$469$365
26 years$1,418$1,068$793$581$422$325
27 years$1,350$1,005$736$532$381$289
28 years$1,288$947$684$488$343$258
29 years$1,230$893$637$447$310$230
30 years$1,177$843$593$410$280$205
31 years$1,126$797$553$377$253$183
32 years$1,079$754$516$346$229$163
33 years$1,035$714$482$319$207$146
34 years$994$677$450$293$188$130
35 years$955$642$421$270$170$116
36 years$918$610$394$248$154$104
37 years$883$579$368$229$140$93
38 years$851$550$345$211$127$83
39 years$820$523$323$195$115$75
40 years$790$498$303$179$104$67
41 years$762$474$284$166$94$60
42 years$736$451$266$153$86$53
43 years$711$430$250$141$78$48
44 years$687$410$235$130$71$43
45 years$664$391$220$120$64$38
46 years$642$373$207$111$58$34
47 years$621$356$194$103$53$31
48 years$601$340$183$95$48$28
49 years$583$324$172$88$44$25
50 years$564$310$162$81$40$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $578,000, adding $2,480 every year, while hoping to spend $49,907 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: 56/28/16 Blend
58$578,000$578,000$578,000$578,000
59$639,514$608,880$599,921$672,505
60$651,644$585,615$566,918$671,941
61$663,338$559,536$531,136$665,709
62$674,500$530,455$492,431$657,786
63$685,021$498,169$450,649$648,022
64$694,779$462,465$405,631$636,253
65$703,638$423,118$357,212$622,301
66$711,448$379,890$305,218$605,975
67$718,040$332,529$249,467$587,066
68$723,226$280,768$189,770$565,351
69$726,798$224,328$125,929$540,584
70$728,522$162,911$57,739$512,501
71$728,142$96,204$0$480,816
72$725,369$23,876$0$447,784
73$719,888$0$0$421,186
74$711,344$0$0$407,599
75$699,346$0$0$399,206
76$683,461$0$0$388,383
77$663,208$0$0$374,833
78$638,056$0$0$358,226
79$607,415$0$0$338,197
80$570,633$0$0$314,344
81$526,989$0$0$286,220
82$475,685$0$0$253,331
83$415,840$0$0$215,132
84$346,476$0$0$171,019
85$266,516$0$0$120,326
86$174,768$0$0$62,316
87$69,916$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0