Can I retire at age 59 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$44,758$44,359$43,970$43,591$43,220$42,521
2 years$22,157$21,745$21,345$20,957$20,581$19,879
3 years$14,625$14,210$13,811$13,427$13,057$12,374
4 years$10,859$10,446$10,051$9,674$9,313$8,653
5 years$8,601$8,190$7,800$7,430$7,079$6,446
6 years$7,095$6,688$6,304$5,942$5,602$4,994
7 years$6,020$5,616$5,238$4,885$4,556$3,975
8 years$5,215$4,814$4,443$4,098$3,779$3,225
9 years$4,588$4,192$3,826$3,491$3,183$2,655
10 years$4,088$3,695$3,336$3,009$2,712$2,210
11 years$3,678$3,289$2,937$2,619$2,332$1,855
12 years$3,337$2,952$2,606$2,297$2,021$1,569
13 years$3,049$2,668$2,329$2,028$1,762$1,334
14 years$2,802$2,425$2,092$1,800$1,545$1,140
15 years$2,588$2,215$1,889$1,605$1,360$978
16 years$2,401$2,033$1,713$1,437$1,202$841
17 years$2,237$1,872$1,559$1,292$1,066$726
18 years$2,090$1,730$1,423$1,164$948$628
19 years$1,960$1,603$1,302$1,052$845$544
20 years$1,842$1,490$1,195$953$755$473
21 years$1,736$1,388$1,099$864$675$411
22 years$1,640$1,295$1,013$786$605$358
23 years$1,552$1,211$936$716$543$312
24 years$1,471$1,135$865$653$488$272
25 years$1,397$1,065$801$596$439$237
26 years$1,329$1,001$743$545$396$207
27 years$1,266$942$690$499$357$181
28 years$1,208$888$642$457$322$159
29 years$1,154$837$597$419$291$139
30 years$1,103$791$556$385$263$122
31 years$1,056$748$519$353$238$106
32 years$1,012$707$484$325$215$93
33 years$971$670$452$299$194$82
34 years$932$635$422$275$176$72
35 years$895$602$395$253$159$63
36 years$861$572$369$233$144$55
37 years$828$543$345$215$131$48
38 years$798$516$324$198$119$42
39 years$769$491$303$182$108$37
40 years$741$467$284$168$98$33
41 years$715$444$266$155$89$29
42 years$690$423$250$143$80$25
43 years$666$403$234$132$73$22
44 years$644$384$220$122$66$19
45 years$623$367$207$113$60$17
46 years$602$350$194$104$55$15
47 years$583$334$182$96$50$13
48 years$564$319$171$89$45$11
49 years$546$304$161$82$41$10
50 years$529$291$151$76$37$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $542,000, adding $6,104 every year, while hoping to spend $33,456 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: 31/50/19 Blend
58$542,000$542,000$542,000$542,000
59$603,580$574,854$566,453$618,544
60$629,549$567,425$549,833$622,873
61$657,044$558,511$531,534$624,067
62$686,188$548,003$511,465$624,644
63$717,111$535,787$489,531$624,568
64$749,958$521,742$465,632$623,806
65$784,886$505,740$439,663$622,325
66$822,067$487,644$411,514$620,090
67$861,690$467,310$381,072$617,067
68$903,961$444,587$348,217$613,225
69$949,107$419,314$312,824$608,532
70$997,375$391,320$274,763$602,957
71$1,049,037$360,425$233,898$596,473
72$1,104,392$326,439$190,087$589,053
73$1,163,767$289,160$143,181$580,675
74$1,227,519$248,378$93,026$571,320
75$1,296,044$203,865$39,459$560,972
76$1,369,772$155,386$0$549,622
77$1,449,178$102,690$0$540,855
78$1,534,785$45,512$0$539,856
79$1,627,163$0$0$538,665
80$1,726,943$0$0$546,380
81$1,834,816$0$0$581,858
82$1,951,541$0$0$620,318
83$2,077,953$0$0$662,042
84$2,214,971$0$0$707,344
85$2,363,605$0$0$756,566
86$2,524,964$0$0$810,087
87$2,700,271$0$0$868,321
88$2,890,868$0$0$931,728
89$3,098,234$0$0$1,000,809
90$3,323,995$0$0$1,076,119
91$3,569,941$0$0$1,158,267
92$3,838,040$0$0$1,247,924
93$4,130,460$0$0$1,345,829
94$4,449,587$0$0$1,452,795
95$4,798,046$0$0$1,569,716
96$5,178,728$0$0$1,697,579
97$5,594,815$0$0$1,837,468
98$6,049,810$0$0$1,990,577
99$6,547,571$0$0$2,158,223
100$7,092,344$0$0$2,341,854