Can I retire at age 59 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$48,226$47,797$47,377$46,968$46,569$45,315
2 years$23,874$23,430$22,999$22,581$22,176$20,921
3 years$15,758$15,312$14,882$14,468$14,069$12,853
4 years$11,701$11,256$10,830$10,423$10,034$8,866
5 years$9,267$8,825$8,405$8,006$7,628$6,511
6 years$7,645$7,206$6,792$6,403$6,036$4,972
7 years$6,487$6,052$5,644$5,264$4,909$3,897
8 years$5,619$5,187$4,787$4,416$4,072$3,113
9 years$4,944$4,516$4,123$3,761$3,429$2,521
10 years$4,404$3,981$3,594$3,242$2,922$2,064
11 years$3,963$3,544$3,164$2,822$2,513$1,703
12 years$3,596$3,181$2,808$2,475$2,178$1,415
13 years$3,285$2,875$2,509$2,185$1,899$1,182
14 years$3,019$2,613$2,254$1,940$1,665$992
15 years$2,789$2,387$2,035$1,730$1,466$835
16 years$2,587$2,190$1,845$1,549$1,295$705
17 years$2,410$2,017$1,679$1,392$1,149$597
18 years$2,252$1,864$1,533$1,254$1,021$506
19 years$2,111$1,727$1,403$1,133$910$430
20 years$1,985$1,605$1,288$1,026$813$366
21 years$1,870$1,495$1,185$931$728$311
22 years$1,767$1,396$1,092$847$652$265
23 years$1,672$1,305$1,008$771$585$227
24 years$1,585$1,223$932$703$526$193
25 years$1,506$1,148$864$642$474$165
26 years$1,432$1,079$801$587$427$141
27 years$1,364$1,015$744$538$385$121
28 years$1,302$957$691$493$347$103
29 years$1,243$902$643$452$313$89
30 years$1,189$852$599$415$283$76
31 years$1,138$806$559$381$256$65
32 years$1,090$762$521$350$232$56
33 years$1,046$722$487$322$210$48
34 years$1,004$684$455$296$190$41
35 years$965$649$425$273$172$35
36 years$928$616$398$251$156$30
37 years$893$585$372$231$141$26
38 years$859$556$349$213$128$22
39 years$828$529$327$197$116$19
40 years$798$503$306$181$105$16
41 years$770$479$287$167$95$14
42 years$744$456$269$154$87$12
43 years$718$434$253$143$79$10
44 years$694$414$237$132$71$9
45 years$671$395$223$122$65$8
46 years$649$377$209$112$59$6
47 years$628$360$197$104$53$6
48 years$608$343$185$96$49$5
49 years$589$328$174$89$44$4
50 years$570$313$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 $584,000, adding $5,596 every year, while hoping to spend $21,633 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: 57/21/22 Blend
58$584,000$584,000$584,000$584,000
59$649,340$618,388$609,336$682,209
60$692,556$625,672$606,732$712,548
61$739,454$632,587$603,315$742,809
62$790,388$639,094$599,036$775,319
63$845,746$645,148$593,842$810,303
64$905,954$650,703$587,678$848,005
65$971,483$655,709$580,487$888,696
66$1,042,850$660,114$572,208$932,677
67$1,120,622$663,861$562,779$980,276
68$1,205,427$666,891$552,133$1,031,861
69$1,297,952$669,140$540,201$1,087,832
70$1,398,956$670,541$526,911$1,148,637
71$1,509,274$671,022$512,187$1,214,765
72$1,629,825$670,507$495,950$1,286,759
73$1,761,619$668,915$478,117$1,365,219
74$1,905,772$666,159$458,601$1,450,805
75$2,063,509$662,149$437,313$1,544,248
76$2,236,181$656,788$414,156$1,646,351
77$2,425,274$649,974$389,034$1,758,005
78$2,632,427$641,597$361,841$1,880,191
79$2,859,442$631,543$332,470$2,013,991
80$3,108,305$619,689$300,808$2,160,601
81$3,381,205$605,906$266,737$2,321,339
82$3,680,549$590,057$230,134$2,497,661
83$4,008,992$571,996$190,871$2,691,172
84$4,369,457$551,572$148,813$2,903,645
85$4,765,163$528,620$103,819$3,137,033
86$5,199,656$502,969$55,744$3,393,493
87$5,676,844$474,437$4,434$3,675,406
88$6,201,030$442,833$0$3,985,395
89$6,776,955$407,952$0$4,338,168
90$7,409,842$369,579$0$4,726,987
91$8,105,445$327,488$0$5,154,372
92$8,870,104$281,437$0$5,624,253
93$9,710,801$231,175$0$6,140,960
94$10,635,232$176,432$0$6,709,267
95$11,651,874$116,925$0$7,334,436
96$12,770,066$52,355$0$8,022,268
97$14,000,100$0$0$8,779,157
98$15,353,313$0$0$9,616,216
99$16,842,197$0$0$10,550,567
100$18,480,518$0$0$11,578,758