Can I retire at age 59 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$46,409$45,996$45,593$45,199$44,815$44,439
2 years$22,975$22,547$22,132$21,730$21,340$20,962
3 years$15,164$14,735$14,321$13,923$13,539$13,170
4 years$11,260$10,832$10,422$10,031$9,656$9,298
5 years$8,918$8,492$8,088$7,704$7,341$6,995
6 years$7,357$6,934$6,536$6,161$5,808$5,476
7 years$6,243$5,824$5,432$5,066$4,724$4,405
8 years$5,407$4,992$4,607$4,249$3,919$3,613
9 years$4,758$4,346$3,968$3,620$3,300$3,008
10 years$4,238$3,831$3,459$3,120$2,812$2,532
11 years$3,814$3,411$3,045$2,715$2,418$2,152
12 years$3,460$3,061$2,703$2,382$2,096$1,841
13 years$3,161$2,766$2,415$2,103$1,827$1,585
14 years$2,905$2,515$2,170$1,867$1,602$1,372
15 years$2,684$2,297$1,959$1,665$1,410$1,192
16 years$2,490$2,108$1,776$1,491$1,247$1,039
17 years$2,319$1,941$1,616$1,339$1,105$909
18 years$2,167$1,794$1,475$1,207$983$797
19 years$2,032$1,662$1,350$1,091$876$700
20 years$1,910$1,545$1,239$988$782$617
21 years$1,800$1,439$1,140$896$700$544
22 years$1,700$1,343$1,051$815$628$480
23 years$1,609$1,256$970$742$563$425
24 years$1,526$1,177$897$677$506$376
25 years$1,449$1,104$831$618$456$333
26 years$1,378$1,038$771$565$410$296
27 years$1,313$977$716$517$370$262
28 years$1,253$921$665$474$334$233
29 years$1,196$868$619$435$302$207
30 years$1,144$820$577$399$272$184
31 years$1,095$775$538$366$246$164
32 years$1,049$734$502$337$223$146
33 years$1,006$695$468$310$202$130
34 years$966$658$438$285$183$116
35 years$928$625$409$262$165$103
36 years$893$593$383$242$150$92
37 years$859$563$358$223$136$82
38 years$827$535$335$205$123$73
39 years$797$509$314$189$112$65
40 years$768$484$295$174$101$58
41 years$741$461$276$161$92$52
42 years$716$439$259$149$83$46
43 years$691$418$243$137$76$41
44 years$668$399$228$127$69$37
45 years$646$380$214$117$62$33
46 years$624$363$201$108$57$29
47 years$604$346$189$100$51$26
48 years$585$330$178$92$47$23
49 years$566$315$167$85$42$21
50 years$549$301$157$79$39$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $562,000, adding $2,725 every year, while hoping to spend $27,978 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: 65/22/13 Blend
58$562,000$562,000$562,000$562,000
59$622,135$592,349$583,638$660,523
60$655,824$591,606$573,421$685,764
61$692,012$589,888$561,925$709,821
62$730,924$587,119$549,076$735,407
63$772,807$583,217$534,799$762,670
64$817,934$578,095$519,015$791,775
65$866,601$571,660$501,640$822,903
66$919,138$563,814$482,588$856,253
67$975,903$554,455$461,769$892,050
68$1,037,294$543,472$439,087$930,537
69$1,103,745$530,749$414,443$971,986
70$1,175,735$516,163$387,734$1,016,699
71$1,253,788$499,584$358,852$1,065,006
72$1,338,484$480,873$327,683$1,117,275
73$1,430,459$459,885$294,110$1,173,913
74$1,530,412$436,465$258,008$1,235,368
75$1,639,112$410,450$219,250$1,302,137
76$1,757,407$381,668$177,700$1,374,768
77$1,886,227$349,934$133,218$1,453,868
78$2,026,599$315,057$85,657$1,540,107
79$2,179,649$276,833$34,864$1,634,225
80$2,346,621$235,045$0$1,737,040
81$2,528,880$189,466$0$1,852,140
82$2,727,930$139,854$0$1,983,175
83$2,945,429$85,957$0$2,126,433
84$3,183,199$27,505$0$2,283,157
85$3,443,248$0$0$2,454,719
86$3,727,785$0$0$2,651,297
87$4,039,245$0$0$2,873,800
88$4,380,308$0$0$3,117,489
89$4,753,924$0$0$3,384,476
90$5,163,345$0$0$3,677,090
91$5,612,148$0$0$3,997,893
92$6,104,277$0$0$4,349,710
93$6,644,073$0$0$4,735,648
94$7,236,319$0$0$5,159,134
95$7,886,283$0$0$5,623,939
96$8,599,766$0$0$6,134,219
97$9,383,161$0$0$6,694,552
98$10,243,508$0$0$7,309,981
99$11,188,563$0$0$7,986,059
100$12,226,871$0$0$8,728,907