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%16.8%
1 years$47,813$47,387$46,972$46,566$46,170$44,890
2 years$23,670$23,229$22,802$22,388$21,986$20,706
3 years$15,623$15,180$14,754$14,344$13,949$12,709
4 years$11,601$11,159$10,737$10,334$9,948$8,758
5 years$9,188$8,749$8,333$7,938$7,563$6,425
6 years$7,580$7,144$6,734$6,348$5,984$4,900
7 years$6,431$6,000$5,596$5,219$4,867$3,837
8 years$5,571$5,143$4,746$4,378$4,037$3,061
9 years$4,902$4,478$4,088$3,729$3,400$2,476
10 years$4,367$3,947$3,564$3,214$2,897$2,024
11 years$3,929$3,514$3,137$2,798$2,491$1,669
12 years$3,565$3,154$2,784$2,454$2,159$1,385
13 years$3,257$2,850$2,488$2,166$1,883$1,155
14 years$2,993$2,591$2,235$1,923$1,650$968
15 years$2,765$2,367$2,018$1,715$1,453$813
16 years$2,565$2,171$1,830$1,536$1,284$686
17 years$2,389$2,000$1,665$1,380$1,139$580
18 years$2,233$1,848$1,520$1,243$1,013$491
19 years$2,093$1,713$1,391$1,124$902$416
20 years$1,968$1,591$1,277$1,018$806$354
21 years$1,854$1,482$1,175$924$721$301
22 years$1,751$1,384$1,082$840$647$256
23 years$1,658$1,294$999$765$580$218
24 years$1,572$1,212$924$697$522$186
25 years$1,493$1,138$856$637$469$159
26 years$1,420$1,069$794$582$423$135
27 years$1,353$1,006$737$533$381$116
28 years$1,290$948$685$488$344$99
29 years$1,233$895$638$448$311$84
30 years$1,179$845$594$411$281$72
31 years$1,128$799$554$378$254$62
32 years$1,081$756$517$347$230$53
33 years$1,037$716$483$319$208$45
34 years$995$678$451$294$188$39
35 years$956$643$422$270$170$33
36 years$920$611$394$249$154$28
37 years$885$580$369$229$140$24
38 years$852$551$346$211$127$21
39 years$821$524$324$195$115$18
40 years$792$499$304$180$104$15
41 years$764$475$285$166$95$13
42 years$737$452$267$153$86$11
43 years$712$431$251$141$78$10
44 years$688$411$235$130$71$8
45 years$665$392$221$120$64$7
46 years$643$374$207$111$58$6
47 years$622$356$195$103$53$5
48 years$603$340$183$95$48$4
49 years$584$325$172$88$44$4
50 years$565$310$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $579,000, adding $5,057 every year, while hoping to spend $32,926 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: 65/20/15 Blend
58$579,000$579,000$579,000$579,000
59$643,274$612,587$603,613$682,450
60$673,855$607,571$588,801$704,272
61$706,452$601,205$572,389$723,831
62$741,235$593,390$554,289$744,393
63$778,392$584,017$534,409$766,055
64$818,128$572,973$512,652$788,926
65$860,668$560,140$488,916$813,127
66$906,258$545,388$463,096$838,790
67$955,169$528,585$435,083$866,064
68$1,007,697$509,587$404,760$895,115
69$1,064,170$488,244$372,006$926,126
70$1,124,943$464,397$336,697$959,299
71$1,190,411$437,876$298,700$994,861
72$1,261,005$408,503$257,878$1,033,063
73$1,337,197$376,090$214,087$1,074,180
74$1,419,510$340,437$167,178$1,118,523
75$1,508,516$301,334$116,993$1,166,432
76$1,604,842$258,557$63,371$1,218,286
77$1,709,181$211,872$6,139$1,274,504
78$1,822,294$161,029$0$1,335,552
79$1,945,015$105,767$0$1,410,737
80$2,078,264$45,807$0$1,493,457
81$2,223,053$0$0$1,583,391
82$2,380,494$0$0$1,685,484
83$2,551,810$0$0$1,807,579
84$2,738,348$0$0$1,940,557
85$2,941,591$0$0$2,085,481
86$3,163,168$0$0$2,243,516
87$3,404,874$0$0$2,415,949
88$3,668,685$0$0$2,604,194
89$3,956,774$0$0$2,809,806
90$4,271,536$0$0$3,034,501
91$4,615,606$0$0$3,280,164
92$4,991,884$0$0$3,548,873
93$5,403,566$0$0$3,842,916
94$5,854,169$0$0$4,164,812
95$6,347,565$0$0$4,517,333
96$6,888,020$0$0$4,903,534
97$7,480,231$0$0$5,326,778
98$8,129,371$0$0$5,790,771
99$8,841,137$0$0$6,299,592
100$9,621,804$0$0$6,857,734