Can I retire at age 59 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$47,400$46,978$46,566$46,164$45,772$45,162
2 years$23,466$23,029$22,605$22,194$21,796$21,183
3 years$15,488$15,049$14,627$14,220$13,828$13,231
4 years$11,500$11,063$10,645$10,245$9,862$9,285
5 years$9,108$8,673$8,261$7,869$7,497$6,942
6 years$7,514$7,083$6,676$6,293$5,932$5,399
7 years$6,376$5,948$5,548$5,174$4,825$4,314
8 years$5,523$5,098$4,705$4,340$4,002$3,514
9 years$4,859$4,439$4,052$3,697$3,371$2,905
10 years$4,329$3,913$3,533$3,187$2,872$2,428
11 years$3,895$3,483$3,110$2,773$2,470$2,048
12 years$3,534$3,126$2,760$2,433$2,140$1,739
13 years$3,229$2,825$2,466$2,148$1,866$1,486
14 years$2,967$2,568$2,216$1,906$1,636$1,276
15 years$2,741$2,346$2,001$1,700$1,441$1,099
16 years$2,543$2,153$1,814$1,522$1,273$951
17 years$2,369$1,982$1,651$1,368$1,129$825
18 years$2,214$1,832$1,507$1,233$1,004$717
19 years$2,075$1,698$1,379$1,114$895$625
20 years$1,951$1,578$1,266$1,009$799$545
21 years$1,838$1,469$1,164$916$715$476
22 years$1,736$1,372$1,073$832$641$417
23 years$1,643$1,283$991$758$575$365
24 years$1,558$1,202$916$691$517$320
25 years$1,480$1,128$849$631$465$281
26 years$1,408$1,060$787$577$419$247
27 years$1,341$998$731$528$378$217
28 years$1,279$940$680$484$341$191
29 years$1,222$887$632$444$308$168
30 years$1,168$838$589$408$278$148
31 years$1,118$792$549$374$252$130
32 years$1,072$749$512$344$228$115
33 years$1,028$710$478$316$206$101
34 years$987$672$447$291$186$89
35 years$948$638$418$268$169$79
36 years$912$605$391$247$153$69
37 years$877$575$366$227$139$61
38 years$845$546$343$210$126$54
39 years$814$520$321$193$114$48
40 years$785$494$301$178$103$42
41 years$757$471$282$164$94$37
42 years$731$448$265$152$85$33
43 years$706$427$248$140$77$29
44 years$682$407$233$129$70$26
45 years$659$388$219$119$64$23
46 years$638$370$206$110$58$20
47 years$617$353$193$102$52$18
48 years$597$337$181$94$48$16
49 years$578$322$171$87$43$14
50 years$560$308$160$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $574,000, adding $5,833 every year, while hoping to spend $41,549 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: 31/41/28 Blend
58$574,000$574,000$574,000$574,000
59$638,565$608,143$599,246$652,745
60$659,491$593,734$575,113$649,781
61$681,158$577,227$548,779$642,548
62$703,600$558,474$520,126$633,945
63$726,848$537,321$489,032$623,882
64$750,940$513,603$455,367$612,263
65$775,913$487,146$418,999$598,987
66$801,806$457,767$379,786$583,950
67$828,664$425,271$337,582$567,038
68$856,531$389,452$292,234$548,135
69$885,455$350,093$243,583$527,119
70$915,489$306,965$191,460$503,860
71$946,688$259,825$135,693$478,221
72$979,110$208,417$76,098$450,061
73$1,012,818$152,469$12,487$419,229
74$1,047,881$91,695$0$385,569
75$1,084,371$25,794$0$365,466
76$1,122,365$0$0$347,253
77$1,161,947$0$0$347,632
78$1,203,208$0$0$360,174
79$1,246,243$0$0$373,274
80$1,291,157$0$0$386,965
81$1,338,064$0$0$401,284
82$1,387,084$0$0$416,272
83$1,438,349$0$0$431,971
84$1,492,001$0$0$448,429
85$1,548,194$0$0$465,696
86$1,607,095$0$0$483,827
87$1,668,885$0$0$502,882
88$1,733,761$0$0$522,927
89$1,801,935$0$0$544,031
90$1,873,640$0$0$566,274
91$1,949,128$0$0$589,737
92$2,028,674$0$0$614,514
93$2,112,576$0$0$640,703
94$2,201,162$0$0$668,414
95$2,294,785$0$0$697,766
96$2,393,836$0$0$728,889
97$2,498,736$0$0$761,925
98$2,609,949$0$0$797,029
99$2,727,980$0$0$834,372
100$2,853,383$0$0$874,139