Can I retire at age 59 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$44,840$44,441$44,051$43,671$43,300$42,530
2 years$22,198$21,785$21,384$20,996$20,619$19,846
3 years$14,652$14,237$13,837$13,452$13,081$12,329
4 years$10,879$10,465$10,070$9,691$9,330$8,605
5 years$8,616$8,205$7,815$7,444$7,092$6,396
6 years$7,108$6,700$6,315$5,953$5,612$4,945
7 years$6,032$5,627$5,248$4,894$4,564$3,927
8 years$5,224$4,823$4,451$4,106$3,786$3,179
9 years$4,597$4,199$3,833$3,497$3,189$2,610
10 years$4,095$3,702$3,342$3,015$2,717$2,167
11 years$3,685$3,295$2,942$2,624$2,337$1,815
12 years$3,343$2,958$2,611$2,301$2,025$1,531
13 years$3,054$2,673$2,333$2,032$1,766$1,299
14 years$2,807$2,430$2,096$1,803$1,548$1,107
15 years$2,593$2,219$1,893$1,608$1,363$947
16 years$2,406$2,036$1,716$1,440$1,204$812
17 years$2,241$1,875$1,561$1,294$1,068$699
18 years$2,094$1,733$1,425$1,166$950$603
19 years$1,963$1,606$1,305$1,054$846$521
20 years$1,845$1,492$1,198$954$756$451
21 years$1,739$1,390$1,101$866$677$391
22 years$1,643$1,298$1,015$787$606$339
23 years$1,555$1,214$937$717$544$295
24 years$1,474$1,137$867$654$489$256
25 years$1,400$1,067$803$597$440$223
26 years$1,332$1,003$745$546$397$194
27 years$1,269$944$691$500$358$169
28 years$1,210$889$643$458$323$148
29 years$1,156$839$598$420$291$129
30 years$1,105$792$557$386$263$112
31 years$1,058$749$519$354$238$98
32 years$1,014$709$485$325$215$86
33 years$972$671$453$299$195$75
34 years$934$636$423$275$176$65
35 years$897$603$395$253$160$57
36 years$862$573$370$233$145$50
37 years$830$544$346$215$131$44
38 years$799$517$324$198$119$38
39 years$770$492$304$183$108$33
40 years$742$468$285$169$98$29
41 years$716$445$267$156$89$25
42 years$691$424$250$144$81$22
43 years$668$404$235$133$73$19
44 years$645$385$221$122$66$17
45 years$624$367$207$113$60$15
46 years$603$350$194$104$55$13
47 years$584$334$183$96$50$11
48 years$565$319$172$89$45$10
49 years$547$305$161$82$41$9
50 years$530$291$152$76$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $543,000, adding $3,350 every year, while hoping to spend $43,900 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: 44/28/28 Blend
58$543,000$543,000$543,000$543,000
59$601,842$573,063$564,646$623,303
60$616,520$554,433$536,852$620,316
61$631,225$533,420$506,656$612,636
62$645,911$509,859$473,931$603,470
63$660,530$483,579$438,544$592,705
64$675,026$454,395$400,357$580,221
65$689,334$422,116$359,224$565,889
66$703,384$386,538$314,996$549,569
67$717,094$347,443$267,514$531,114
68$730,375$304,605$216,612$510,366
69$743,125$257,783$162,121$487,154
70$755,230$206,720$103,858$461,298
71$766,564$151,150$41,637$432,602
72$776,984$90,787$0$400,858
73$786,332$25,331$0$373,240
74$794,432$0$0$355,866
75$801,086$0$0$350,117
76$806,077$0$0$351,330
77$809,160$0$0$351,580
78$810,064$0$0$350,735
79$808,489$0$0$348,647
80$804,102$0$0$345,153
81$796,531$0$0$340,072
82$785,365$0$0$333,205
83$770,150$0$0$324,328
84$750,380$0$0$313,195
85$725,496$0$0$299,534
86$694,880$0$0$283,043
87$657,845$0$0$263,388
88$613,633$0$0$240,200
89$561,406$0$0$213,069
90$500,234$0$0$181,545
91$429,092$0$0$145,128
92$346,846$0$0$103,266
93$252,241$0$0$55,350
94$143,892$0$0$704
95$20,267$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