Can I retire at age 59 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$47,813$47,387$46,972$46,566$46,170$45,368
2 years$23,670$23,229$22,802$22,388$21,986$21,180
3 years$15,623$15,180$14,754$14,344$13,949$13,165
4 years$11,601$11,159$10,737$10,334$9,948$9,192
5 years$9,188$8,749$8,333$7,938$7,563$6,836
6 years$7,580$7,144$6,734$6,348$5,984$5,288
7 years$6,431$6,000$5,596$5,219$4,867$4,202
8 years$5,571$5,143$4,746$4,378$4,037$3,403
9 years$4,902$4,478$4,088$3,729$3,400$2,797
10 years$4,367$3,947$3,564$3,214$2,897$2,323
11 years$3,929$3,514$3,137$2,798$2,491$1,947
12 years$3,565$3,154$2,784$2,454$2,159$1,643
13 years$3,257$2,850$2,488$2,166$1,883$1,395
14 years$2,993$2,591$2,235$1,923$1,650$1,189
15 years$2,765$2,367$2,018$1,715$1,453$1,018
16 years$2,565$2,171$1,830$1,536$1,284$874
17 years$2,389$2,000$1,665$1,380$1,139$753
18 years$2,233$1,848$1,520$1,243$1,013$650
19 years$2,093$1,713$1,391$1,124$902$562
20 years$1,968$1,591$1,277$1,018$806$487
21 years$1,854$1,482$1,175$924$721$422
22 years$1,751$1,384$1,082$840$647$367
23 years$1,658$1,294$999$765$580$319
24 years$1,572$1,212$924$697$522$278
25 years$1,493$1,138$856$637$469$242
26 years$1,420$1,069$794$582$423$211
27 years$1,353$1,006$737$533$381$184
28 years$1,290$948$685$488$344$160
29 years$1,233$895$638$448$311$140
30 years$1,179$845$594$411$281$122
31 years$1,128$799$554$378$254$107
32 years$1,081$756$517$347$230$93
33 years$1,037$716$483$319$208$82
34 years$995$678$451$294$188$71
35 years$956$643$422$270$170$62
36 years$920$611$394$249$154$55
37 years$885$580$369$229$140$48
38 years$852$551$346$211$127$42
39 years$821$524$324$195$115$37
40 years$792$499$304$180$104$32
41 years$764$475$285$166$95$28
42 years$737$452$267$153$86$24
43 years$712$431$251$141$78$21
44 years$688$411$235$130$71$19
45 years$665$392$221$120$64$16
46 years$643$374$207$111$58$14
47 years$622$356$195$103$53$13
48 years$603$340$183$95$48$11
49 years$584$325$172$88$44$10
50 years$565$310$162$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $579,000, adding $2,619 every year, while hoping to spend $30,414 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: 59/23/18 Blend
58$579,000$579,000$579,000$579,000
59$640,759$610,072$601,098$675,414
60$673,757$607,606$588,875$696,716
61$709,100$603,999$575,222$716,364
62$746,997$599,164$560,061$737,099
63$787,676$593,007$543,307$759,029
64$831,384$585,430$524,874$782,277
65$878,397$576,328$504,669$806,978
66$929,015$565,589$482,597$833,284
67$983,568$553,096$458,557$861,362
68$1,042,418$538,725$432,446$891,399
69$1,105,966$522,343$404,153$923,602
70$1,174,647$503,811$373,565$958,200
71$1,248,944$482,981$340,563$995,449
72$1,329,386$459,696$305,021$1,035,632
73$1,416,553$433,792$266,809$1,079,062
74$1,511,087$405,092$225,792$1,126,089
75$1,613,689$373,413$181,827$1,177,099
76$1,725,133$338,558$134,766$1,232,519
77$1,846,270$300,321$84,455$1,292,825
78$1,978,036$258,483$30,731$1,358,542
79$2,121,461$212,814$0$1,430,253
80$2,277,678$163,070$0$1,513,713
81$2,447,933$108,993$0$1,611,156
82$2,633,600$50,310$0$1,717,502
83$2,836,187$0$0$1,833,663
84$3,057,358$0$0$1,964,004
85$3,298,943$0$0$2,120,327
86$3,562,957$0$0$2,291,209
87$3,851,616$0$0$2,478,090
88$4,167,364$0$0$2,682,560
89$4,512,889$0$0$2,906,363
90$4,891,151$0$0$3,151,425
91$5,305,412$0$0$3,419,865
92$5,759,262$0$0$3,714,017
93$6,256,654$0$0$4,036,449
94$6,801,943$0$0$4,389,993
95$7,399,926$0$0$4,777,766
96$8,055,885$0$0$5,203,201
97$8,775,638$0$0$5,670,081
98$9,565,595$0$0$6,182,572
99$10,432,815$0$0$6,745,263
100$11,385,075$0$0$7,363,208