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%15.2%
1 years$44,758$44,359$43,970$43,591$43,220$42,295
2 years$22,157$21,745$21,345$20,957$20,581$19,654
3 years$14,625$14,210$13,811$13,427$13,057$12,157
4 years$10,859$10,446$10,051$9,674$9,313$8,446
5 years$8,601$8,190$7,800$7,430$7,079$6,248
6 years$7,095$6,688$6,304$5,942$5,602$4,807
7 years$6,020$5,616$5,238$4,885$4,556$3,798
8 years$5,215$4,814$4,443$4,098$3,779$3,059
9 years$4,588$4,192$3,826$3,491$3,183$2,498
10 years$4,088$3,695$3,336$3,009$2,712$2,063
11 years$3,678$3,289$2,937$2,619$2,332$1,718
12 years$3,337$2,952$2,606$2,297$2,021$1,440
13 years$3,049$2,668$2,329$2,028$1,762$1,215
14 years$2,802$2,425$2,092$1,800$1,545$1,029
15 years$2,588$2,215$1,889$1,605$1,360$874
16 years$2,401$2,033$1,713$1,437$1,202$746
17 years$2,237$1,872$1,559$1,292$1,066$638
18 years$2,090$1,730$1,423$1,164$948$546
19 years$1,960$1,603$1,302$1,052$845$469
20 years$1,842$1,490$1,195$953$755$403
21 years$1,736$1,388$1,099$864$675$347
22 years$1,640$1,295$1,013$786$605$299
23 years$1,552$1,211$936$716$543$258
24 years$1,471$1,135$865$653$488$223
25 years$1,397$1,065$801$596$439$193
26 years$1,329$1,001$743$545$396$167
27 years$1,266$942$690$499$357$144
28 years$1,208$888$642$457$322$125
29 years$1,154$837$597$419$291$108
30 years$1,103$791$556$385$263$94
31 years$1,056$748$519$353$238$81
32 years$1,012$707$484$325$215$70
33 years$971$670$452$299$194$61
34 years$932$635$422$275$176$53
35 years$895$602$395$253$159$46
36 years$861$572$369$233$144$40
37 years$828$543$345$215$131$34
38 years$798$516$324$198$119$30
39 years$769$491$303$182$108$26
40 years$741$467$284$168$98$22
41 years$715$444$266$155$89$19
42 years$690$423$250$143$80$17
43 years$666$403$234$132$73$15
44 years$644$384$220$122$66$13
45 years$623$367$207$113$60$11
46 years$602$350$194$104$55$10
47 years$583$334$182$96$50$8
48 years$564$319$171$89$45$7
49 years$546$304$161$82$41$6
50 years$529$291$151$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $542,000, adding $6,619 every year, while hoping to spend $43,605 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: 67/17/16 Blend
58$542,000$542,000$542,000$542,000
59$604,111$575,385$566,984$641,845
60$619,335$557,184$539,583$649,674
61$634,651$536,629$509,802$652,512
62$650,021$513,560$477,516$654,531
63$665,404$487,805$442,594$655,649
64$680,752$459,184$404,897$655,775
65$696,011$427,506$364,284$654,812
66$711,119$392,570$320,603$652,654
67$726,009$354,161$273,698$649,186
68$740,601$312,054$223,407$644,284
69$754,809$266,011$169,557$637,813
70$768,534$215,781$111,972$629,625
71$781,666$161,095$50,465$619,562
72$794,082$101,675$0$607,449
73$805,644$37,223$0$595,691
74$816,198$0$0$590,854
75$825,573$0$0$590,222
76$833,576$0$0$595,523
77$839,996$0$0$599,635
78$844,594$0$0$602,382
79$847,107$0$0$603,569
80$847,242$0$0$602,979
81$844,673$0$0$600,372
82$839,040$0$0$595,479
83$829,940$0$0$588,003
84$816,929$0$0$577,617
85$799,515$0$0$563,954
86$777,151$0$0$546,612
87$749,233$0$0$525,142
88$715,091$0$0$499,050
89$673,984$0$0$467,788
90$625,091$0$0$430,748
91$567,506$0$0$387,261
92$500,224$0$0$336,584
93$422,137$0$0$277,898
94$332,018$0$0$210,295
95$228,512$0$0$132,775
96$110,121$0$0$44,230
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0