Can I retire at age 59 with 578,000?

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 $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%13.9%
1 years$47,731$47,306$46,891$46,486$46,091$45,346
2 years$23,629$23,189$22,762$22,349$21,948$21,199
3 years$15,596$15,154$14,729$14,319$13,925$13,196
4 years$11,581$11,140$10,719$10,316$9,931$9,228
5 years$9,172$8,734$8,318$7,924$7,550$6,874
6 years$7,567$7,132$6,722$6,337$5,974$5,326
7 years$6,420$5,989$5,586$5,210$4,858$4,239
8 years$5,561$5,134$4,738$4,370$4,030$3,439
9 years$4,893$4,470$4,081$3,723$3,394$2,831
10 years$4,359$3,940$3,558$3,209$2,892$2,356
11 years$3,922$3,508$3,132$2,793$2,487$1,979
12 years$3,559$3,148$2,780$2,450$2,155$1,673
13 years$3,251$2,845$2,483$2,163$1,880$1,423
14 years$2,988$2,586$2,231$1,920$1,648$1,216
15 years$2,760$2,362$2,015$1,712$1,451$1,043
16 years$2,561$2,168$1,826$1,533$1,282$897
17 years$2,385$1,996$1,662$1,377$1,137$774
18 years$2,229$1,845$1,517$1,241$1,011$670
19 years$2,090$1,710$1,389$1,122$901$581
20 years$1,964$1,589$1,275$1,016$805$504
21 years$1,851$1,480$1,172$922$720$438
22 years$1,748$1,381$1,081$838$646$382
23 years$1,655$1,292$998$763$579$333
24 years$1,569$1,210$923$696$521$290
25 years$1,490$1,136$855$636$469$253
26 years$1,418$1,068$793$581$422$221
27 years$1,350$1,005$736$532$381$193
28 years$1,288$947$684$488$343$169
29 years$1,230$893$637$447$310$148
30 years$1,177$843$593$410$280$130
31 years$1,126$797$553$377$253$114
32 years$1,079$754$516$346$229$99
33 years$1,035$714$482$319$207$87
34 years$994$677$450$293$188$76
35 years$955$642$421$270$170$67
36 years$918$610$394$248$154$59
37 years$883$579$368$229$140$51
38 years$851$550$345$211$127$45
39 years$820$523$323$195$115$40
40 years$790$498$303$179$104$35
41 years$762$474$284$166$94$30
42 years$736$451$266$153$86$27
43 years$711$430$250$141$78$23
44 years$687$410$235$130$71$21
45 years$664$391$220$120$64$18
46 years$642$373$207$111$58$16
47 years$621$356$194$103$53$14
48 years$601$340$183$95$48$12
49 years$583$324$172$88$44$11
50 years$564$310$162$81$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $578,000, adding $6,263 every year, while hoping to spend $26,162 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: 55/31/14 Blend
58$578,000$578,000$578,000$578,000
59$643,416$612,782$603,823$676,122
60$681,209$614,972$596,215$701,245
61$721,979$616,393$587,475$725,220
62$766,003$616,979$577,538$750,724
63$813,585$616,660$566,335$777,910
64$865,058$615,364$553,795$806,945
65$920,789$613,011$539,842$838,015
66$981,180$609,520$524,397$871,325
67$1,046,675$604,801$507,379$907,105
68$1,117,760$598,761$488,701$945,606
69$1,194,973$591,302$468,274$987,109
70$1,278,903$582,317$446,003$1,031,923
71$1,370,197$571,698$421,791$1,080,391
72$1,469,570$559,324$395,534$1,132,892
73$1,577,808$545,072$367,125$1,189,846
74$1,695,773$528,809$336,453$1,251,717
75$1,824,417$510,396$303,399$1,319,021
76$1,964,786$489,684$267,842$1,392,325
77$2,118,033$466,517$229,653$1,472,258
78$2,285,425$440,729$188,699$1,559,516
79$2,468,359$412,146$144,841$1,654,868
80$2,668,372$380,581$97,934$1,759,164
81$2,887,155$345,839$47,824$1,873,344
82$3,126,573$307,713$0$1,998,448
83$3,388,676$265,984$0$2,136,469
84$3,675,725$220,421$0$2,295,509
85$3,990,207$170,779$0$2,469,847
86$4,334,862$116,801$0$2,661,058
87$4,712,707$58,214$0$2,870,884
88$5,127,068$0$0$3,101,244
89$5,581,603$0$0$3,356,057
90$6,080,346$0$0$3,657,496
91$6,627,737$0$0$3,988,394
92$7,228,669$0$0$4,351,716
93$7,888,531$0$0$4,750,726
94$8,613,258$0$0$5,189,022
95$9,409,390$0$0$5,670,566
96$10,284,132$0$0$6,199,724
97$11,245,419$0$0$6,781,306
98$12,301,995$0$0$7,420,608
99$13,463,492$0$0$8,123,469
100$14,740,523$0$0$8,896,320