Can I retire at age 59 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$44,593$44,195$43,808$43,430$43,060$42,753
2 years$22,076$21,664$21,266$20,880$20,505$20,195
3 years$14,571$14,158$13,761$13,378$13,009$12,706
4 years$10,819$10,408$10,014$9,638$9,278$8,985
5 years$8,569$8,160$7,771$7,403$7,053$6,770
6 years$7,069$6,663$6,280$5,920$5,581$5,308
7 years$5,998$5,596$5,219$4,867$4,539$4,277
8 years$5,195$4,796$4,426$4,083$3,765$3,514
9 years$4,571$4,176$3,812$3,478$3,171$2,930
10 years$4,072$3,681$3,324$2,998$2,702$2,472
11 years$3,665$3,277$2,926$2,609$2,324$2,104
12 years$3,325$2,941$2,597$2,289$2,014$1,804
13 years$3,038$2,658$2,320$2,020$1,756$1,556
14 years$2,792$2,416$2,085$1,794$1,539$1,349
15 years$2,579$2,207$1,882$1,599$1,355$1,175
16 years$2,392$2,025$1,706$1,432$1,198$1,027
17 years$2,228$1,865$1,553$1,287$1,062$900
18 years$2,083$1,723$1,417$1,160$944$791
19 years$1,952$1,597$1,298$1,048$842$696
20 years$1,835$1,484$1,191$949$752$614
21 years$1,730$1,382$1,095$861$673$543
22 years$1,633$1,290$1,010$783$603$481
23 years$1,546$1,207$932$713$541$426
24 years$1,466$1,131$862$650$487$378
25 years$1,392$1,061$798$594$438$336
26 years$1,324$997$741$543$394$298
27 years$1,262$939$688$497$356$266
28 years$1,204$884$639$456$321$236
29 years$1,150$834$595$418$290$211
30 years$1,099$788$554$383$262$188
31 years$1,052$745$517$352$237$167
32 years$1,008$705$482$324$214$149
33 years$967$668$450$298$194$133
34 years$928$633$420$274$175$119
35 years$892$600$393$252$159$106
36 years$858$570$368$232$144$95
37 years$825$541$344$214$130$85
38 years$795$514$322$197$118$76
39 years$766$489$302$182$107$68
40 years$738$465$283$168$97$61
41 years$712$443$265$155$88$54
42 years$687$422$249$143$80$48
43 years$664$402$234$132$73$43
44 years$642$383$219$122$66$39
45 years$620$365$206$112$60$35
46 years$600$348$193$104$54$31
47 years$581$332$182$96$49$28
48 years$562$317$171$89$45$25
49 years$544$303$160$82$41$22
50 years$527$289$151$76$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $540,000, adding $4,626 every year, while hoping to spend $26,533 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: 49/22/29 Blend
58$540,000$540,000$540,000$540,000
59$599,852$571,232$562,862$624,099
60$632,806$570,991$553,487$641,354
61$668,232$569,850$542,908$657,112
62$706,354$567,735$531,058$673,722
63$747,418$564,570$517,865$691,278
64$791,695$560,274$503,254$709,885
65$839,482$554,761$487,147$729,660
66$891,104$547,940$469,461$750,733
67$946,921$539,713$450,112$773,251
68$1,007,326$529,978$429,010$797,375
69$1,072,753$518,627$406,061$823,287
70$1,143,677$505,543$381,168$851,187
71$1,220,624$490,606$354,229$881,301
72$1,304,168$473,686$325,136$913,876
73$1,394,943$454,647$293,778$949,192
74$1,493,647$433,344$260,039$987,555
75$1,601,045$409,624$223,797$1,029,309
76$1,717,982$383,326$184,924$1,074,833
77$1,845,386$354,279$143,289$1,124,549
78$1,984,279$322,302$98,753$1,178,926
79$2,135,784$287,204$51,170$1,238,485
80$2,301,140$248,783$390$1,303,800
81$2,481,709$206,826$0$1,375,513
82$2,678,990$161,107$0$1,470,978
83$2,894,635$111,389$0$1,575,544
84$3,130,460$57,419$0$1,690,014
85$3,388,468$0$0$1,815,406
86$3,670,861$0$0$1,953,104
87$3,980,067$0$0$2,119,153
88$4,318,757$0$0$2,301,094
89$4,689,875$0$0$2,500,515
90$5,096,660$0$0$2,719,166
91$5,542,683$0$0$2,958,972
92$6,031,874$0$0$3,222,055
93$6,568,564$0$0$3,510,753
94$7,157,522$0$0$3,827,640
95$7,804,000$0$0$4,175,551
96$8,513,786$0$0$4,557,610
97$9,293,255$0$0$4,977,258
98$10,149,427$0$0$5,438,286
99$11,090,040$0$0$5,944,868
100$12,123,614$0$0$6,501,606