Can I retire at age 59 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$44,675$44,277$43,889$43,510$43,140$42,797
2 years$22,116$21,705$21,305$20,918$20,543$20,197
3 years$14,598$14,184$13,786$13,403$13,033$12,695
4 years$10,839$10,427$10,033$9,656$9,295$8,968
5 years$8,585$8,175$7,786$7,417$7,066$6,750
6 years$7,082$6,675$6,292$5,931$5,591$5,287
7 years$6,009$5,606$5,229$4,876$4,547$4,255
8 years$5,205$4,805$4,434$4,091$3,772$3,492
9 years$4,580$4,184$3,819$3,484$3,177$2,909
10 years$4,080$3,688$3,330$3,003$2,707$2,451
11 years$3,671$3,283$2,931$2,614$2,328$2,083
12 years$3,331$2,947$2,602$2,293$2,017$1,784
13 years$3,043$2,663$2,324$2,024$1,759$1,537
14 years$2,797$2,421$2,088$1,797$1,542$1,331
15 years$2,583$2,211$1,886$1,602$1,358$1,157
16 years$2,397$2,029$1,710$1,435$1,200$1,010
17 years$2,232$1,868$1,556$1,289$1,064$884
18 years$2,086$1,727$1,420$1,162$946$775
19 years$1,956$1,600$1,300$1,050$843$682
20 years$1,839$1,487$1,193$951$753$601
21 years$1,733$1,385$1,097$863$674$530
22 years$1,637$1,293$1,011$785$604$469
23 years$1,549$1,209$934$715$542$415
24 years$1,469$1,133$864$652$487$368
25 years$1,395$1,063$800$595$439$326
26 years$1,327$999$742$544$395$289
27 years$1,264$940$689$498$356$257
28 years$1,206$886$640$456$321$228
29 years$1,152$836$596$419$290$203
30 years$1,101$789$555$384$262$181
31 years$1,054$746$518$353$237$161
32 years$1,010$706$483$324$214$143
33 years$969$669$451$298$194$128
34 years$930$634$421$274$176$114
35 years$894$601$394$253$159$102
36 years$859$571$368$233$144$91
37 years$827$542$345$214$131$81
38 years$796$515$323$197$119$72
39 years$767$490$303$182$107$64
40 years$740$466$284$168$97$57
41 years$714$444$266$155$88$51
42 years$689$422$249$143$80$46
43 years$665$402$234$132$73$41
44 years$643$384$220$122$66$36
45 years$621$366$206$113$60$33
46 years$601$349$194$104$54$29
47 years$582$333$182$96$49$26
48 years$563$318$171$89$45$23
49 years$545$304$161$82$41$21
50 years$528$290$151$76$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $541,000, adding $4,935 every year, while hoping to spend $46,350 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: 35/43/22 Blend
58$541,000$541,000$541,000$541,000
59$601,272$572,599$564,214$618,152
60$613,286$551,341$533,799$609,771
61$624,972$527,487$500,812$596,118
62$636,247$500,862$465,117$580,444
63$647,020$471,279$426,574$562,597
64$657,186$438,542$385,034$542,416
65$666,631$402,443$340,345$519,727
66$675,225$362,760$292,344$494,345
67$682,824$319,262$240,864$466,070
68$689,268$271,702$185,729$434,691
69$694,379$219,821$126,757$399,979
70$697,958$163,344$63,755$361,691
71$699,783$101,981$0$319,566
72$699,609$35,427$0$274,140
73$697,164$0$0$240,320
74$692,144$0$0$220,193
75$684,215$0$0$215,662
76$673,002$0$0$209,818
77$658,095$0$0$202,500
78$639,035$0$0$193,532
79$615,317$0$0$182,716
80$586,378$0$0$169,834
81$551,599$0$0$154,646
82$510,294$0$0$136,884
83$461,701$0$0$116,254
84$404,982$0$0$92,430
85$339,208$0$0$65,052
86$263,351$0$0$33,722
87$176,278$0$0$0
88$76,734$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0