Can I retire at age 59 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$45,006$44,605$44,214$43,832$43,459$41,784
2 years$22,280$21,865$21,463$21,073$20,695$19,027
3 years$14,706$14,289$13,888$13,502$13,130$11,522
4 years$10,919$10,504$10,107$9,727$9,364$7,829
5 years$8,648$8,235$7,843$7,471$7,118$5,659
6 years$7,135$6,725$6,339$5,975$5,633$4,251
7 years$6,054$5,647$5,267$4,912$4,581$3,275
8 years$5,244$4,841$4,467$4,121$3,800$2,570
9 years$4,614$4,215$3,848$3,510$3,200$2,044
10 years$4,110$3,715$3,354$3,026$2,727$1,642
11 years$3,698$3,307$2,953$2,633$2,345$1,329
12 years$3,356$2,969$2,621$2,310$2,032$1,082
13 years$3,066$2,683$2,342$2,039$1,772$886
14 years$2,817$2,438$2,104$1,810$1,553$728
15 years$2,602$2,228$1,900$1,614$1,368$600
16 years$2,415$2,044$1,722$1,445$1,209$496
17 years$2,249$1,882$1,567$1,299$1,072$410
18 years$2,102$1,739$1,431$1,170$953$340
19 years$1,970$1,612$1,310$1,058$849$283
20 years$1,852$1,498$1,202$958$759$235
21 years$1,746$1,395$1,106$869$679$196
22 years$1,649$1,302$1,019$790$609$163
23 years$1,560$1,218$941$720$546$136
24 years$1,479$1,141$870$657$491$113
25 years$1,405$1,071$806$600$442$94
26 years$1,337$1,007$747$548$398$79
27 years$1,273$947$694$502$359$66
28 years$1,215$893$645$460$324$55
29 years$1,160$842$600$422$292$46
30 years$1,109$795$559$387$264$38
31 years$1,062$752$521$355$239$32
32 years$1,018$711$486$327$216$27
33 years$976$674$454$300$196$22
34 years$937$639$424$276$177$19
35 years$900$606$397$254$160$16
36 years$866$575$371$234$145$13
37 years$833$546$347$216$132$11
38 years$802$519$325$199$119$9
39 years$773$493$305$183$108$8
40 years$745$469$286$169$98$6
41 years$719$447$268$156$89$5
42 years$694$426$251$144$81$4
43 years$670$405$236$133$73$4
44 years$648$386$221$123$67$3
45 years$626$369$208$113$60$3
46 years$605$352$195$105$55$2
47 years$586$336$183$97$50$2
48 years$567$320$172$89$45$2
49 years$549$306$162$83$41$1
50 years$532$292$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $545,000, adding $5,122 every year, while hoping to spend $26,708 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: 66/16/18 Blend
58$545,000$545,000$545,000$545,000
59$605,873$576,988$568,541$642,842
60$639,255$576,844$559,170$668,090
61$675,147$575,797$548,590$692,124
62$713,777$573,775$536,732$717,749
63$755,394$570,702$523,525$745,123
64$800,273$566,496$508,892$774,417
65$848,718$561,071$492,756$805,821
66$901,058$554,334$475,035$839,546
67$957,658$546,189$455,641$875,826
68$1,018,920$536,533$434,485$914,917
69$1,085,283$525,256$411,474$957,104
70$1,157,232$512,244$386,508$1,002,701
71$1,235,299$497,373$359,486$1,052,057
72$1,320,070$480,515$330,299$1,105,556
73$1,412,188$461,531$298,835$1,163,621
74$1,512,363$440,278$264,978$1,226,724
75$1,621,375$416,602$228,605$1,295,382
76$1,740,079$390,340$189,588$1,370,168
77$1,869,422$361,321$147,793$1,451,715
78$2,010,441$329,364$103,082$1,540,723
79$2,164,279$294,276$55,309$1,637,963
80$2,332,195$255,855$4,322$1,744,289
81$2,515,575$213,888$0$1,860,643
82$2,715,942$168,147$0$1,997,686
83$2,934,975$118,393$0$2,148,457
84$3,174,523$64,375$0$2,313,428
85$3,436,621$5,826$0$2,494,032
86$3,723,509$0$0$2,691,853
87$4,037,655$0$0$2,918,765
88$4,381,775$0$0$3,168,487
89$4,758,863$0$0$3,442,169
90$5,172,213$0$0$3,742,207
91$5,625,456$0$0$4,071,240
92$6,122,587$0$0$4,432,175
93$6,668,012$0$0$4,828,215
94$7,266,578$0$0$5,262,885
95$7,923,629$0$0$5,740,071
96$8,645,049$0$0$6,264,051
97$9,437,319$0$0$6,839,540
98$10,307,582$0$0$7,471,730
99$11,263,702$0$0$8,166,342
100$12,314,345$0$0$8,929,678