Can I retire at age 59 with 546,000?

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 $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%11.1%
1 years$45,088$44,687$44,295$43,912$43,539$43,337
2 years$22,321$21,905$21,502$21,112$20,733$20,529
3 years$14,733$14,315$13,913$13,526$13,154$12,955
4 years$10,939$10,523$10,125$9,745$9,381$9,188
5 years$8,664$8,250$7,858$7,485$7,132$6,945
6 years$7,148$6,737$6,350$5,986$5,643$5,463
7 years$6,065$5,658$5,277$4,921$4,589$4,416
8 years$5,253$4,850$4,475$4,128$3,807$3,641
9 years$4,622$4,223$3,855$3,516$3,206$3,047
10 years$4,118$3,722$3,361$3,031$2,732$2,579
11 years$3,705$3,313$2,959$2,638$2,349$2,203
12 years$3,362$2,974$2,626$2,314$2,036$1,897
13 years$3,071$2,688$2,346$2,043$1,775$1,642
14 years$2,823$2,443$2,108$1,813$1,556$1,429
15 years$2,607$2,232$1,903$1,617$1,370$1,250
16 years$2,419$2,048$1,725$1,448$1,211$1,096
17 years$2,253$1,886$1,570$1,301$1,074$965
18 years$2,106$1,742$1,433$1,173$955$851
19 years$1,974$1,615$1,312$1,059$851$753
20 years$1,856$1,501$1,204$960$760$667
21 years$1,749$1,398$1,108$871$680$592
22 years$1,652$1,305$1,021$792$610$527
23 years$1,563$1,220$943$721$547$469
24 years$1,482$1,143$872$658$492$418
25 years$1,408$1,073$807$601$443$373
26 years$1,339$1,008$749$549$399$333
27 years$1,276$949$695$503$360$298
28 years$1,217$894$646$461$324$266
29 years$1,162$844$602$422$293$239
30 years$1,111$797$560$388$265$214
31 years$1,064$753$522$356$239$191
32 years$1,019$713$487$327$216$172
33 years$978$675$455$301$196$154
34 years$939$640$425$277$177$138
35 years$902$607$397$255$161$124
36 years$867$576$372$235$146$111
37 years$834$547$348$216$132$100
38 years$803$520$326$199$120$90
39 years$774$494$305$184$108$81
40 years$746$470$286$170$98$72
41 years$720$448$268$156$89$65
42 years$695$426$252$144$81$59
43 years$671$406$236$133$73$53
44 years$649$387$222$123$67$47
45 years$627$369$208$114$61$43
46 years$607$352$196$105$55$38
47 years$587$336$184$97$50$34
48 years$568$321$173$90$45$31
49 years$550$306$162$83$41$28
50 years$533$293$153$77$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $546,000, adding $6,519 every year, while hoping to spend $31,156 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: 73/15/12 Blend
58$546,000$546,000$546,000$546,000
59$608,416$579,478$571,015$650,868
60$637,325$574,723$556,995$675,059
61$668,138$568,691$541,460$697,061
62$701,017$561,285$524,328$720,313
63$736,139$552,406$505,511$744,932
64$773,697$541,946$484,917$771,044
65$813,904$529,791$462,452$798,791
66$856,992$515,821$438,014$828,330
67$903,218$499,909$411,500$859,833
68$952,862$481,920$382,801$893,490
69$1,006,230$461,711$351,801$929,514
70$1,063,662$439,131$318,383$968,137
71$1,125,528$414,021$282,421$1,009,617
72$1,192,236$386,212$243,786$1,054,239
73$1,264,233$355,525$202,342$1,102,319
74$1,342,011$321,771$157,946$1,154,205
75$1,426,110$284,752$110,452$1,210,283
76$1,517,124$244,256$59,703$1,270,977
77$1,615,707$200,061$5,539$1,336,759
78$1,722,576$151,931$0$1,408,147
79$1,838,521$99,618$0$1,492,409
80$1,964,410$42,859$0$1,584,679
81$2,101,197$0$0$1,684,971
82$2,249,935$0$0$1,797,158
83$2,411,777$0$0$1,926,950
84$2,587,997$0$0$2,068,295
85$2,779,993$0$0$2,222,318
86$2,989,305$0$0$2,390,258
87$3,217,628$0$0$2,573,477
88$3,466,827$0$0$2,773,476
89$3,738,957$0$0$2,991,907
90$4,036,277$0$0$3,230,587
91$4,361,275$0$0$3,491,518
92$4,716,693$0$0$3,776,903
93$5,105,546$0$0$4,089,169
94$5,531,156$0$0$4,430,987
95$5,997,181$0$0$4,805,299
96$6,507,649$0$0$5,215,346
97$7,066,995$0$0$5,664,694
98$7,680,105$0$0$6,157,273
99$8,352,358$0$0$6,697,410
100$9,089,682$0$0$7,289,873