Can I retire at age 59 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$48,061$47,633$47,215$46,808$46,409$45,032
2 years$23,793$23,349$22,920$22,504$22,100$20,723
3 years$15,704$15,259$14,831$14,418$14,021$12,689
4 years$11,661$11,217$10,793$10,388$10,000$8,722
5 years$9,235$8,794$8,376$7,979$7,602$6,382
6 years$7,619$7,181$6,769$6,381$6,015$4,854
7 years$6,465$6,031$5,625$5,246$4,892$3,790
8 years$5,600$5,169$4,770$4,401$4,058$3,015
9 years$4,927$4,501$4,109$3,748$3,418$2,431
10 years$4,389$3,967$3,582$3,231$2,912$1,982
11 years$3,950$3,532$3,154$2,812$2,504$1,628
12 years$3,583$3,170$2,799$2,467$2,170$1,347
13 years$3,274$2,865$2,501$2,178$1,893$1,119
14 years$3,009$2,604$2,247$1,933$1,659$935
15 years$2,779$2,379$2,028$1,724$1,461$783
16 years$2,578$2,183$1,839$1,544$1,291$658
17 years$2,402$2,010$1,674$1,387$1,145$554
18 years$2,245$1,857$1,528$1,250$1,018$467
19 years$2,104$1,721$1,399$1,129$907$395
20 years$1,978$1,600$1,284$1,023$810$334
21 years$1,864$1,490$1,181$928$725$283
22 years$1,761$1,391$1,088$844$650$240
23 years$1,666$1,301$1,005$769$583$204
24 years$1,580$1,219$929$701$524$173
25 years$1,500$1,144$861$640$472$147
26 years$1,427$1,075$798$585$425$125
27 years$1,360$1,012$741$536$383$106
28 years$1,297$953$689$491$346$90
29 years$1,239$899$641$450$312$77
30 years$1,185$849$597$413$282$66
31 years$1,134$803$557$379$255$56
32 years$1,087$760$519$349$231$47
33 years$1,042$719$485$321$209$40
34 years$1,001$682$453$295$189$34
35 years$961$647$424$272$171$29
36 years$924$614$396$250$155$25
37 years$889$583$371$230$141$21
38 years$856$554$347$212$127$18
39 years$825$527$325$196$116$15
40 years$796$501$305$181$105$13
41 years$768$477$286$167$95$11
42 years$741$454$268$154$86$10
43 years$716$433$252$142$78$8
44 years$691$413$236$131$71$7
45 years$669$394$222$121$65$6
46 years$647$375$208$112$59$5
47 years$626$358$196$103$53$4
48 years$606$342$184$95$48$4
49 years$587$327$173$88$44$3
50 years$568$312$163$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $582,000, adding $6,467 every year, while hoping to spend $20,998 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: 30/44/26 Blend
58$582,000$582,000$582,000$582,000
59$648,035$617,189$608,168$662,125
60$691,793$625,089$606,200$681,475
61$739,310$632,673$603,462$699,991
62$790,948$639,903$599,906$719,489
63$847,105$646,738$595,483$740,066
64$908,217$653,135$590,139$761,833
65$974,765$659,050$583,820$784,915
66$1,047,280$664,432$576,466$809,446
67$1,126,344$669,230$568,019$835,581
68$1,212,598$673,389$558,415$863,489
69$1,306,748$676,850$547,586$893,358
70$1,409,571$679,550$535,465$925,397
71$1,521,922$681,423$521,978$959,839
72$1,644,743$682,398$507,049$996,942
73$1,779,070$682,399$490,599$1,036,993
74$1,926,046$681,347$472,545$1,080,310
75$2,086,927$679,158$452,799$1,127,247
76$2,263,097$675,740$431,271$1,178,195
77$2,456,081$670,999$407,867$1,233,588
78$2,667,556$664,833$382,485$1,293,909
79$2,899,372$657,135$355,024$1,359,690
80$3,153,565$647,791$325,374$1,431,523
81$3,432,376$636,681$293,422$1,510,064
82$3,738,277$623,677$259,050$1,596,038
83$4,073,987$608,643$222,134$1,690,250
84$4,442,503$591,436$182,545$1,793,589
85$4,847,127$571,905$140,149$1,907,041
86$5,291,494$549,888$94,804$2,031,695
87$5,779,610$525,216$46,363$2,168,758
88$6,315,889$497,710$0$2,319,566
89$6,905,190$467,178$0$2,487,072
90$7,552,870$433,421$0$2,685,255
91$8,264,829$396,225$0$2,903,089
92$9,047,568$355,366$0$3,142,621
93$9,908,247$310,606$0$3,406,108
94$10,854,757$261,694$0$3,696,041
95$11,895,790$208,366$0$4,015,173
96$13,040,926$150,341$0$4,366,539
97$14,300,715$87,323$0$4,753,492
98$15,686,787$19,000$0$5,179,732
99$17,211,950$0$0$5,649,339
100$18,890,321$0$0$6,193,431