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%13.5%
1 years$44,758$44,359$43,970$43,591$43,220$42,592
2 years$22,157$21,745$21,345$20,957$20,581$19,949
3 years$14,625$14,210$13,811$13,427$13,057$12,442
4 years$10,859$10,446$10,051$9,674$9,313$8,718
5 years$8,601$8,190$7,800$7,430$7,079$6,508
6 years$7,095$6,688$6,304$5,942$5,602$5,053
7 years$6,020$5,616$5,238$4,885$4,556$4,031
8 years$5,215$4,814$4,443$4,098$3,779$3,278
9 years$4,588$4,192$3,826$3,491$3,183$2,705
10 years$4,088$3,695$3,336$3,009$2,712$2,257
11 years$3,678$3,289$2,937$2,619$2,332$1,900
12 years$3,337$2,952$2,606$2,297$2,021$1,610
13 years$3,049$2,668$2,329$2,028$1,762$1,373
14 years$2,802$2,425$2,092$1,800$1,545$1,176
15 years$2,588$2,215$1,889$1,605$1,360$1,012
16 years$2,401$2,033$1,713$1,437$1,202$873
17 years$2,237$1,872$1,559$1,292$1,066$756
18 years$2,090$1,730$1,423$1,164$948$656
19 years$1,960$1,603$1,302$1,052$845$570
20 years$1,842$1,490$1,195$953$755$496
21 years$1,736$1,388$1,099$864$675$433
22 years$1,640$1,295$1,013$786$605$378
23 years$1,552$1,211$936$716$543$330
24 years$1,471$1,135$865$653$488$289
25 years$1,397$1,065$801$596$439$253
26 years$1,329$1,001$743$545$396$222
27 years$1,266$942$690$499$357$195
28 years$1,208$888$642$457$322$171
29 years$1,154$837$597$419$291$150
30 years$1,103$791$556$385$263$132
31 years$1,056$748$519$353$238$116
32 years$1,012$707$484$325$215$102
33 years$971$670$452$299$194$89
34 years$932$635$422$275$176$79
35 years$895$602$395$253$159$69
36 years$861$572$369$233$144$61
37 years$828$543$345$215$131$54
38 years$798$516$324$198$119$47
39 years$769$491$303$182$108$41
40 years$741$467$284$168$98$37
41 years$715$444$266$155$89$32
42 years$690$423$250$143$80$28
43 years$666$403$234$132$73$25
44 years$644$384$220$122$66$22
45 years$623$367$207$113$60$19
46 years$602$350$194$104$55$17
47 years$583$334$182$96$50$15
48 years$564$319$171$89$45$13
49 years$546$304$161$82$41$12
50 years$529$291$151$76$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $542,000, adding $6,222 every year, while hoping to spend $40,739 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: 37/48/15 Blend
58$542,000$542,000$542,000$542,000
59$603,702$574,976$566,575$623,073
60$621,934$559,804$542,209$622,389
61$640,659$542,523$515,662$617,298
62$659,887$522,987$486,817$610,922
63$679,623$501,040$455,553$603,169
64$699,873$476,520$421,743$593,937
65$720,644$449,253$385,254$583,122
66$741,938$419,055$345,949$570,612
67$763,760$385,733$303,682$556,288
68$786,111$349,081$258,303$540,024
69$808,992$308,884$209,654$521,688
70$832,402$264,912$157,570$501,137
71$856,337$216,924$101,880$478,224
72$880,794$164,663$42,403$452,788
73$905,764$107,861$0$424,664
74$931,238$46,232$0$397,044
75$957,202$0$0$373,830
76$983,641$0$0$358,903
77$1,010,534$0$0$368,540
78$1,037,856$0$0$378,310
79$1,065,579$0$0$388,201
80$1,093,668$0$0$398,196
81$1,122,084$0$0$408,279
82$1,150,779$0$0$418,428
83$1,179,699$0$0$428,620
84$1,208,783$0$0$438,828
85$1,237,960$0$0$449,022
86$1,267,147$0$0$459,168
87$1,296,254$0$0$469,224
88$1,325,175$0$0$479,148
89$1,353,792$0$0$488,889
90$1,381,972$0$0$498,392
91$1,409,564$0$0$507,591
92$1,436,399$0$0$516,418
93$1,462,287$0$0$524,792
94$1,487,017$0$0$532,625
95$1,510,350$0$0$539,818
96$1,532,020$0$0$546,259
97$1,551,730$0$0$551,826
98$1,569,149$0$0$556,381
99$1,583,908$0$0$559,771
100$1,595,595$0$0$561,825