Can I retire at age 59 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$47,235$46,814$46,404$46,003$45,612$44,348
2 years$23,384$22,948$22,526$22,117$21,720$20,456
3 years$15,434$14,997$14,576$14,171$13,780$12,555
4 years$11,460$11,024$10,608$10,209$9,828$8,652
5 years$9,077$8,643$8,232$7,842$7,471$6,347
6 years$7,488$7,058$6,653$6,271$5,912$4,841
7 years$6,354$5,927$5,528$5,156$4,808$3,791
8 years$5,503$5,081$4,688$4,325$3,989$3,024
9 years$4,842$4,424$4,038$3,684$3,359$2,446
10 years$4,314$3,899$3,521$3,176$2,862$2,000
11 years$3,882$3,471$3,099$2,764$2,461$1,649
12 years$3,522$3,116$2,751$2,424$2,133$1,368
13 years$3,218$2,816$2,458$2,140$1,860$1,141
14 years$2,957$2,559$2,208$1,900$1,630$956
15 years$2,731$2,338$1,994$1,694$1,436$804
16 years$2,534$2,145$1,808$1,517$1,269$677
17 years$2,360$1,976$1,645$1,363$1,125$573
18 years$2,206$1,825$1,501$1,228$1,000$485
19 years$2,068$1,692$1,375$1,110$892$411
20 years$1,944$1,572$1,261$1,005$796$349
21 years$1,832$1,464$1,160$912$713$297
22 years$1,730$1,367$1,069$830$639$253
23 years$1,638$1,278$987$755$573$215
24 years$1,553$1,198$913$689$515$184
25 years$1,475$1,124$846$629$464$157
26 years$1,403$1,056$784$575$418$134
27 years$1,336$994$728$527$377$114
28 years$1,275$937$677$483$340$98
29 years$1,218$884$630$442$307$83
30 years$1,164$835$587$406$277$71
31 years$1,115$789$547$373$251$61
32 years$1,068$747$511$343$227$52
33 years$1,024$707$477$315$205$45
34 years$983$670$445$290$186$38
35 years$945$636$416$267$168$33
36 years$908$603$390$246$152$28
37 years$874$573$365$227$138$24
38 years$842$545$341$209$125$20
39 years$811$518$320$193$114$17
40 years$782$493$300$178$103$15
41 years$754$469$281$164$93$13
42 years$728$447$264$151$85$11
43 years$703$426$247$140$77$9
44 years$680$406$232$129$70$8
45 years$657$387$218$119$63$7
46 years$635$369$205$110$58$6
47 years$615$352$192$102$52$5
48 years$595$336$181$94$48$4
49 years$576$321$170$87$43$4
50 years$558$307$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $572,000, adding $5,093 every year, while hoping to spend $41,212 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: 43/40/17 Blend
58$572,000$572,000$572,000$572,000
59$635,597$605,281$596,415$659,584
60$656,579$591,091$572,546$662,774
61$678,320$574,824$546,496$661,769
62$700,853$556,335$518,148$659,807
63$724,215$535,471$487,381$656,819
64$748,444$512,068$454,068$652,732
65$773,581$485,955$418,074$647,470
66$799,669$456,949$379,263$640,954
67$826,754$424,858$337,487$633,098
68$854,885$389,479$292,595$623,815
69$884,116$350,596$244,429$613,011
70$914,502$307,981$192,824$600,588
71$946,105$261,395$137,607$586,445
72$978,987$210,584$78,597$570,473
73$1,013,220$155,279$15,606$552,559
74$1,048,877$95,196$0$532,587
75$1,086,040$30,037$0$519,795
76$1,124,793$0$0$508,322
77$1,165,230$0$0$513,068
78$1,207,452$0$0$531,844
79$1,251,567$0$0$551,478
80$1,297,691$0$0$572,025
81$1,345,951$0$0$593,542
82$1,396,485$0$0$616,094
83$1,449,441$0$0$639,750
84$1,504,979$0$0$664,584
85$1,563,275$0$0$690,678
86$1,624,518$0$0$718,121
87$1,688,913$0$0$747,008
88$1,756,686$0$0$777,444
89$1,828,080$0$0$809,543
90$1,903,361$0$0$843,429
91$1,982,819$0$0$879,238
92$2,066,768$0$0$917,117
93$2,155,554$0$0$957,229
94$2,249,552$0$0$999,748
95$2,349,173$0$0$1,044,869
96$2,454,866$0$0$1,092,801
97$2,567,121$0$0$1,143,774
98$2,686,475$0$0$1,198,042
99$2,813,514$0$0$1,255,879
100$2,948,881$0$0$1,317,588