Can I retire at age 59 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$47,978$47,551$47,134$46,727$46,330$45,009
2 years$23,752$23,309$22,881$22,465$22,062$20,742
3 years$15,677$15,233$14,805$14,394$13,997$12,718
4 years$11,641$11,198$10,774$10,370$9,983$8,756
5 years$9,219$8,779$8,361$7,965$7,589$6,417
6 years$7,606$7,169$6,757$6,370$6,005$4,889
7 years$6,454$6,020$5,615$5,237$4,883$3,823
8 years$5,590$5,161$4,762$4,393$4,051$3,047
9 years$4,919$4,493$4,102$3,742$3,412$2,462
10 years$4,382$3,961$3,576$3,226$2,907$2,010
11 years$3,943$3,526$3,148$2,807$2,500$1,655
12 years$3,577$3,165$2,794$2,462$2,167$1,371
13 years$3,268$2,860$2,496$2,174$1,889$1,142
14 years$3,004$2,600$2,243$1,930$1,656$956
15 years$2,774$2,375$2,025$1,721$1,458$802
16 years$2,574$2,179$1,836$1,541$1,289$675
17 years$2,397$2,007$1,671$1,384$1,143$570
18 years$2,241$1,854$1,525$1,248$1,016$482
19 years$2,101$1,718$1,396$1,127$906$408
20 years$1,975$1,597$1,281$1,021$809$346
21 years$1,861$1,487$1,179$927$724$294
22 years$1,758$1,388$1,086$843$649$250
23 years$1,663$1,299$1,003$767$582$213
24 years$1,577$1,217$928$700$524$181
25 years$1,498$1,142$859$639$471$154
26 years$1,425$1,073$797$584$424$131
27 years$1,357$1,010$740$535$383$112
28 years$1,295$952$688$490$345$95
29 years$1,237$898$640$449$312$81
30 years$1,183$848$596$412$282$70
31 years$1,132$801$556$379$255$59
32 years$1,085$758$519$348$230$51
33 years$1,040$718$484$320$208$43
34 years$999$681$452$295$189$37
35 years$960$646$423$271$171$32
36 years$923$613$396$250$155$27
37 years$888$582$370$230$140$23
38 years$855$553$347$212$127$20
39 years$824$526$325$196$115$17
40 years$794$500$305$180$105$14
41 years$766$476$286$166$95$12
42 years$740$454$268$154$86$10
43 years$714$432$251$142$78$9
44 years$690$412$236$131$71$8
45 years$667$393$222$121$64$7
46 years$645$375$208$112$59$6
47 years$625$358$195$103$53$5
48 years$605$341$184$95$48$4
49 years$586$326$173$88$44$3
50 years$567$311$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 $581,000, adding $4,874 every year, while hoping to spend $39,813 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: 51/21/28 Blend
58$581,000$581,000$581,000$581,000
59$645,290$614,497$605,491$672,890
60$668,748$602,246$583,414$680,384
61$693,266$588,061$559,264$684,145
62$718,907$571,805$532,927$687,453
63$745,744$553,332$504,289$690,281
64$773,855$532,489$473,227$692,604
65$803,322$509,115$439,614$694,397
66$834,236$483,037$403,317$695,635
67$866,696$454,074$364,196$696,293
68$900,810$422,034$322,107$696,346
69$936,692$386,714$276,898$695,772
70$974,471$347,899$228,410$694,549
71$1,014,284$305,363$176,478$692,657
72$1,056,281$258,866$120,930$690,077
73$1,100,625$208,154$61,585$686,794
74$1,147,495$152,960$0$682,794
75$1,197,087$93,002$0$678,590
76$1,249,612$27,981$0$693,324
77$1,305,303$0$0$708,639
78$1,364,413$0$0$734,404
79$1,427,221$0$0$768,682
80$1,494,030$0$0$805,176
81$1,565,172$0$0$844,073
82$1,641,012$0$0$885,575
83$1,721,947$0$0$929,906
84$1,808,414$0$0$977,310
85$1,900,892$0$0$1,028,054
86$1,999,906$0$0$1,082,433
87$2,106,030$0$0$1,140,767
88$2,219,896$0$0$1,203,412
89$2,342,196$0$0$1,270,755
90$2,473,692$0$0$1,343,221
91$2,615,216$0$0$1,421,279
92$2,767,686$0$0$1,505,441
93$2,932,107$0$0$1,596,273
94$3,109,587$0$0$1,694,394
95$3,301,339$0$0$1,800,485
96$3,508,699$0$0$1,915,295
97$3,733,134$0$0$2,039,647
98$3,976,258$0$0$2,174,446
99$4,239,845$0$0$2,320,688
100$4,525,844$0$0$2,479,467