Can I retire at age 59 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$49,135$48,697$48,270$47,853$47,446$47,187
2 years$24,324$23,871$23,432$23,006$22,593$22,332
3 years$16,055$15,600$15,162$14,740$14,334$14,078
4 years$11,921$11,468$11,034$10,620$10,223$9,975
5 years$9,442$8,991$8,563$8,157$7,772$7,532
6 years$7,789$7,342$6,920$6,523$6,149$5,918
7 years$6,609$6,165$5,751$5,363$5,001$4,779
8 years$5,725$5,285$4,877$4,499$4,149$3,936
9 years$5,037$4,602$4,201$3,832$3,494$3,290
10 years$4,487$4,056$3,662$3,303$2,977$2,781
11 years$4,038$3,611$3,224$2,875$2,560$2,373
12 years$3,663$3,241$2,861$2,522$2,219$2,040
13 years$3,347$2,929$2,556$2,226$1,935$1,764
14 years$3,076$2,662$2,297$1,976$1,696$1,534
15 years$2,841$2,432$2,074$1,762$1,493$1,339
16 years$2,636$2,231$1,880$1,578$1,320$1,173
17 years$2,455$2,055$1,711$1,418$1,170$1,031
18 years$2,295$1,899$1,562$1,278$1,041$908
19 years$2,151$1,760$1,430$1,155$927$802
20 years$2,022$1,635$1,312$1,046$828$710
21 years$1,906$1,523$1,207$949$741$629
22 years$1,800$1,422$1,112$863$664$559
23 years$1,703$1,330$1,027$786$596$497
24 years$1,615$1,246$950$717$536$442
25 years$1,534$1,169$880$655$482$394
26 years$1,459$1,099$816$599$435$351
27 years$1,390$1,034$758$548$392$314
28 years$1,326$975$704$502$354$280
29 years$1,267$919$655$460$319$250
30 years$1,211$868$611$422$288$224
31 years$1,159$821$569$388$261$200
32 years$1,111$777$531$357$236$179
33 years$1,066$735$496$328$213$160
34 years$1,023$697$463$302$193$144
35 years$983$661$433$278$175$129
36 years$945$628$405$256$159$115
37 years$909$596$379$236$144$103
38 years$876$566$355$217$130$93
39 years$844$539$333$200$118$83
40 years$813$512$312$185$107$75
41 years$785$488$292$170$97$67
42 years$758$465$274$157$88$60
43 years$732$443$257$145$80$54
44 years$707$422$242$134$73$48
45 years$683$402$227$124$66$43
46 years$661$384$213$114$60$39
47 years$640$366$200$106$54$35
48 years$619$350$188$98$49$31
49 years$600$334$177$90$45$28
50 years$581$319$166$83$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $595,000, adding $4,961 every year, while hoping to spend $52,541 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: 54/25/21 Blend
58$595,000$595,000$595,000$595,000
59$660,807$629,272$620,050$692,452
60$672,306$604,203$584,918$689,633
61$683,217$576,145$546,849$680,637
62$693,425$544,896$505,688$669,717
63$702,800$510,241$461,274$656,708
64$711,199$471,956$413,440$641,428
65$718,461$429,802$362,010$623,680
66$724,407$383,525$306,800$603,254
67$728,839$332,860$247,620$579,917
68$731,534$277,525$184,270$553,423
69$732,248$217,221$116,540$523,501
70$730,707$151,634$44,213$489,860
71$726,607$80,432$0$452,182
72$719,613$3,265$0$417,511
73$709,349$0$0$389,141
74$695,404$0$0$378,877
75$677,318$0$0$367,013
76$654,583$0$0$352,349
77$626,636$0$0$334,547
78$592,856$0$0$313,237
79$552,552$0$0$288,007
80$504,963$0$0$258,402
81$449,246$0$0$223,920
82$384,468$0$0$184,004
83$309,598$0$0$138,040
84$223,498$0$0$85,349
85$124,909$0$0$25,180
86$12,441$0$0$0
87$0$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