Can I retire at age 59 with 546,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$45,088$44,687$44,295$43,912$43,539$43,283
2 years$22,321$21,905$21,502$21,112$20,733$20,474
3 years$14,733$14,315$13,913$13,526$13,154$12,901
4 years$10,939$10,523$10,125$9,745$9,381$9,136
5 years$8,664$8,250$7,858$7,485$7,132$6,895
6 years$7,148$6,737$6,350$5,986$5,643$5,415
7 years$6,065$5,658$5,277$4,921$4,589$4,370
8 years$5,253$4,850$4,475$4,128$3,807$3,597
9 years$4,622$4,223$3,855$3,516$3,206$3,005
10 years$4,118$3,722$3,361$3,031$2,732$2,539
11 years$3,705$3,313$2,959$2,638$2,349$2,165
12 years$3,362$2,974$2,626$2,314$2,036$1,860
13 years$3,071$2,688$2,346$2,043$1,775$1,608
14 years$2,823$2,443$2,108$1,813$1,556$1,397
15 years$2,607$2,232$1,903$1,617$1,370$1,218
16 years$2,419$2,048$1,725$1,448$1,211$1,067
17 years$2,253$1,886$1,570$1,301$1,074$937
18 years$2,106$1,742$1,433$1,173$955$825
19 years$1,974$1,615$1,312$1,059$851$728
20 years$1,856$1,501$1,204$960$760$644
21 years$1,749$1,398$1,108$871$680$570
22 years$1,652$1,305$1,021$792$610$506
23 years$1,563$1,220$943$721$547$449
24 years$1,482$1,143$872$658$492$400
25 years$1,408$1,073$807$601$443$356
26 years$1,339$1,008$749$549$399$317
27 years$1,276$949$695$503$360$283
28 years$1,217$894$646$461$324$252
29 years$1,162$844$602$422$293$225
30 years$1,111$797$560$388$265$201
31 years$1,064$753$522$356$239$180
32 years$1,019$713$487$327$216$161
33 years$978$675$455$301$196$144
34 years$939$640$425$277$177$129
35 years$902$607$397$255$161$115
36 years$867$576$372$235$146$103
37 years$834$547$348$216$132$93
38 years$803$520$326$199$120$83
39 years$774$494$305$184$108$74
40 years$746$470$286$170$98$67
41 years$720$448$268$156$89$60
42 years$695$426$252$144$81$54
43 years$671$406$236$133$73$48
44 years$649$387$222$123$67$43
45 years$627$369$208$114$61$39
46 years$607$352$196$105$55$35
47 years$587$336$184$97$50$31
48 years$568$321$173$90$45$28
49 years$550$306$162$83$41$25
50 years$533$293$153$77$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $546,000, adding $5,013 every year, while hoping to spend $37,566 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: 54/37/9 Blend
58$546,000$546,000$546,000$546,000
59$606,863$577,925$569,462$638,016
60$628,793$566,273$548,569$648,042
61$651,701$552,792$525,717$654,411
62$675,647$537,351$500,801$660,449
63$700,695$519,814$473,710$666,131
64$726,917$500,035$444,331$671,431
65$754,388$477,863$412,541$676,324
66$783,191$453,133$378,216$680,786
67$813,415$425,675$341,225$684,789
68$845,158$395,308$301,431$688,310
69$878,525$361,839$258,690$691,323
70$913,631$325,065$212,852$693,804
71$950,600$284,773$163,762$695,730
72$989,570$240,735$111,257$697,079
73$1,030,688$192,713$55,165$697,830
74$1,074,116$140,453$0$697,966
75$1,120,030$83,690$0$697,921
76$1,168,622$22,139$0$702,914
77$1,220,102$0$0$707,652
78$1,274,700$0$0$730,264
79$1,332,667$0$0$763,868
80$1,394,277$0$0$799,612
81$1,459,830$0$0$837,673
82$1,529,655$0$0$878,247
83$1,604,111$0$0$921,545
84$1,683,591$0$0$967,802
85$1,768,529$0$0$1,017,273
86$1,859,396$0$0$1,070,240
87$1,956,711$0$0$1,127,008
88$2,061,044$0$0$1,187,917
89$2,173,019$0$0$1,253,336
90$2,293,320$0$0$1,323,672
91$2,422,700$0$0$1,399,370
92$2,561,983$0$0$1,480,921
93$2,712,076$0$0$1,568,863
94$2,873,975$0$0$1,663,787
95$3,048,773$0$0$1,766,343
96$3,237,674$0$0$1,877,244
97$3,441,996$0$0$1,997,276
98$3,663,193$0$0$2,127,299
99$3,902,861$0$0$2,268,264
100$4,162,754$0$0$2,421,213