Can I retire at age 59 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$46,244$45,832$45,430$45,038$44,655$43,647
2 years$22,893$22,467$22,054$21,653$21,264$20,254
3 years$15,111$14,682$14,270$13,873$13,491$12,510
4 years$11,220$10,793$10,385$9,995$9,622$8,678
5 years$8,886$8,462$8,059$7,677$7,314$6,410
6 years$7,331$6,910$6,513$6,139$5,788$4,924
7 years$6,220$5,803$5,412$5,048$4,707$3,884
8 years$5,388$4,974$4,590$4,234$3,905$3,122
9 years$4,741$4,331$3,953$3,607$3,288$2,545
10 years$4,223$3,817$3,447$3,109$2,802$2,098
11 years$3,800$3,398$3,034$2,706$2,410$1,744
12 years$3,448$3,050$2,693$2,373$2,088$1,459
13 years$3,150$2,757$2,406$2,095$1,821$1,228
14 years$2,895$2,506$2,162$1,860$1,596$1,038
15 years$2,674$2,289$1,952$1,659$1,405$880
16 years$2,481$2,100$1,770$1,485$1,242$749
17 years$2,311$1,934$1,610$1,334$1,101$639
18 years$2,160$1,787$1,470$1,203$979$546
19 years$2,025$1,656$1,346$1,087$873$468
20 years$1,903$1,539$1,235$984$780$401
21 years$1,794$1,434$1,136$893$698$345
22 years$1,694$1,338$1,047$812$625$297
23 years$1,603$1,252$967$740$561$255
24 years$1,520$1,173$894$675$505$220
25 years$1,444$1,101$828$616$454$190
26 years$1,373$1,034$768$563$409$164
27 years$1,308$973$713$516$369$141
28 years$1,248$917$663$472$333$122
29 years$1,192$865$617$433$300$105
30 years$1,140$817$575$398$271$91
31 years$1,091$773$536$365$245$79
32 years$1,046$731$500$336$222$68
33 years$1,003$692$467$309$201$59
34 years$963$656$436$284$182$51
35 years$925$622$408$261$165$44
36 years$889$591$381$241$149$38
37 years$856$561$357$222$135$33
38 years$824$533$334$204$123$28
39 years$794$507$313$188$111$25
40 years$766$482$294$174$101$21
41 years$739$459$275$160$92$18
42 years$713$437$258$148$83$16
43 years$689$417$242$137$75$14
44 years$665$397$227$126$68$12
45 years$643$379$214$117$62$10
46 years$622$361$201$108$56$9
47 years$602$345$188$99$51$8
48 years$583$329$177$92$47$7
49 years$564$314$166$85$42$6
50 years$547$300$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $560,000, adding $6,295 every year, while hoping to spend $23,446 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: 45/28/27 Blend
58$560,000$560,000$560,000$560,000
59$623,613$593,933$585,253$646,566
60$662,275$598,090$579,913$667,628
61$704,095$601,664$573,608$687,711
62$749,370$604,603$566,281$709,037
63$798,427$606,849$557,873$731,735
64$851,626$608,344$548,320$755,949
65$909,361$609,022$537,558$781,837
66$972,067$608,815$525,518$809,576
67$1,040,223$607,652$512,127$839,361
68$1,114,354$605,456$497,312$871,411
69$1,195,040$602,145$480,994$905,966
70$1,282,917$597,633$463,090$943,294
71$1,378,685$591,828$443,514$983,692
72$1,483,117$584,633$422,178$1,027,488
73$1,597,061$575,946$398,987$1,075,048
74$1,721,451$565,657$373,843$1,126,775
75$1,857,315$553,651$346,643$1,183,118
76$2,005,787$539,805$317,281$1,244,570
77$2,168,112$523,990$285,645$1,311,683
78$2,345,662$506,069$251,617$1,385,063
79$2,539,950$485,897$215,076$1,465,383
80$2,752,638$463,319$175,895$1,553,387
81$2,985,560$438,174$133,939$1,649,900
82$3,240,732$410,289$89,071$1,755,833
83$3,520,377$379,484$41,146$1,872,194
84$3,826,942$345,566$0$2,000,099
85$4,163,123$308,331$0$2,143,660
86$4,531,888$267,565$0$2,314,198
87$4,936,507$223,042$0$2,501,401
88$5,380,581$174,522$0$2,706,984
89$5,868,079$121,752$0$2,932,840
90$6,403,369$64,464$0$3,181,058
91$6,991,267$2,377$0$3,453,941
92$7,637,075$0$0$3,754,032
93$8,346,636$0$0$4,104,101
94$9,126,385$0$0$4,489,677
95$9,983,412$0$0$4,913,539
96$10,925,530$0$0$5,379,563
97$11,961,344$0$0$5,892,013
98$13,100,335$0$0$6,455,591
99$14,352,950$0$0$7,075,475
100$15,730,697$0$0$7,757,372