Can I retire at age 59 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$46,657$46,242$45,836$45,440$45,054$44,198
2 years$23,098$22,667$22,251$21,846$21,454$20,596
3 years$15,245$14,813$14,398$13,997$13,611$12,777
4 years$11,320$10,889$10,478$10,084$9,708$8,903
5 years$8,966$8,537$8,131$7,746$7,380$6,607
6 years$7,396$6,971$6,571$6,194$5,839$5,100
7 years$6,276$5,855$5,461$5,093$4,749$4,043
8 years$5,436$5,018$4,631$4,272$3,940$3,267
9 years$4,783$4,370$3,989$3,639$3,318$2,678
10 years$4,261$3,852$3,477$3,137$2,827$2,220
11 years$3,834$3,429$3,062$2,730$2,431$1,856
12 years$3,479$3,077$2,717$2,394$2,107$1,562
13 years$3,178$2,781$2,427$2,114$1,837$1,322
14 years$2,921$2,528$2,181$1,877$1,611$1,124
15 years$2,698$2,309$1,969$1,674$1,418$960
16 years$2,503$2,119$1,785$1,498$1,253$822
17 years$2,331$1,951$1,625$1,346$1,111$706
18 years$2,179$1,803$1,483$1,213$988$607
19 years$2,043$1,671$1,358$1,096$881$524
20 years$1,920$1,553$1,246$993$787$452
21 years$1,810$1,446$1,146$901$704$391
22 years$1,709$1,350$1,056$819$631$339
23 years$1,618$1,263$975$746$566$294
24 years$1,534$1,183$902$681$509$255
25 years$1,457$1,110$835$622$458$221
26 years$1,386$1,044$775$568$413$192
27 years$1,320$982$719$520$372$167
28 years$1,259$925$669$477$336$145
29 years$1,203$873$622$437$303$126
30 years$1,150$824$580$401$274$110
31 years$1,101$779$541$368$248$96
32 years$1,055$737$504$339$224$83
33 years$1,012$698$471$311$203$73
34 years$971$662$440$286$184$63
35 years$933$628$411$264$166$55
36 years$897$596$385$243$151$48
37 years$863$566$360$224$137$42
38 years$831$538$337$206$124$37
39 years$801$511$316$190$112$32
40 years$772$487$296$175$102$28
41 years$745$463$278$162$92$24
42 years$719$441$261$149$84$21
43 years$695$420$244$138$76$18
44 years$671$401$229$127$69$16
45 years$649$382$215$118$63$14
46 years$628$364$202$109$57$12
47 years$607$348$190$100$52$11
48 years$588$332$179$93$47$9
49 years$569$317$168$86$43$8
50 years$552$303$158$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $565,000, adding $3,850 every year, while hoping to spend $43,053 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: 59/17/24 Blend
58$565,000$565,000$565,000$565,000
59$626,601$596,656$587,899$659,324
60$644,707$580,084$561,785$665,474
61$663,216$561,257$533,354$667,209
62$682,124$540,020$502,482$668,172
63$701,426$516,206$469,041$668,298
64$721,113$489,642$432,895$667,516
65$741,175$460,142$393,905$665,753
66$761,598$427,512$351,924$662,929
67$782,366$391,545$306,798$658,958
68$803,459$352,023$258,368$653,749
69$824,855$308,715$206,467$647,205
70$846,526$261,378$150,919$639,221
71$868,439$209,753$91,542$629,685
72$890,558$153,569$28,147$618,478
73$912,839$92,539$0$605,471
74$935,234$26,358$0$600,644
75$957,686$0$0$602,082
76$980,129$0$0$610,940
77$1,002,492$0$0$624,651
78$1,024,692$0$0$638,229
79$1,046,633$0$0$651,613
80$1,068,212$0$0$664,733
81$1,089,309$0$0$677,511
82$1,109,790$0$0$689,860
83$1,129,505$0$0$701,679
84$1,148,287$0$0$712,861
85$1,165,946$0$0$723,280
86$1,182,274$0$0$732,800
87$1,197,036$0$0$741,267
88$1,209,969$0$0$748,510
89$1,220,783$0$0$754,338
90$1,229,153$0$0$758,539
91$1,234,718$0$0$760,877
92$1,237,076$0$0$761,091
93$1,235,783$0$0$758,888
94$1,230,342$0$0$753,945
95$1,220,204$0$0$745,905
96$1,204,759$0$0$734,369
97$1,183,332$0$0$718,896
98$1,155,174$0$0$698,997
99$1,119,454$0$0$674,133
100$1,075,255$0$0$643,703