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%11.7%
1 years$45,088$44,687$44,295$43,912$43,539$43,228
2 years$22,321$21,905$21,502$21,112$20,733$20,420
3 years$14,733$14,315$13,913$13,526$13,154$12,848
4 years$10,939$10,523$10,125$9,745$9,381$9,085
5 years$8,664$8,250$7,858$7,485$7,132$6,845
6 years$7,148$6,737$6,350$5,986$5,643$5,367
7 years$6,065$5,658$5,277$4,921$4,589$4,324
8 years$5,253$4,850$4,475$4,128$3,807$3,553
9 years$4,622$4,223$3,855$3,516$3,206$2,963
10 years$4,118$3,722$3,361$3,031$2,732$2,499
11 years$3,705$3,313$2,959$2,638$2,349$2,127
12 years$3,362$2,974$2,626$2,314$2,036$1,824
13 years$3,071$2,688$2,346$2,043$1,775$1,574
14 years$2,823$2,443$2,108$1,813$1,556$1,364
15 years$2,607$2,232$1,903$1,617$1,370$1,188
16 years$2,419$2,048$1,725$1,448$1,211$1,038
17 years$2,253$1,886$1,570$1,301$1,074$910
18 years$2,106$1,742$1,433$1,173$955$799
19 years$1,974$1,615$1,312$1,059$851$704
20 years$1,856$1,501$1,204$960$760$621
21 years$1,749$1,398$1,108$871$680$549
22 years$1,652$1,305$1,021$792$610$486
23 years$1,563$1,220$943$721$547$431
24 years$1,482$1,143$872$658$492$382
25 years$1,408$1,073$807$601$443$339
26 years$1,339$1,008$749$549$399$302
27 years$1,276$949$695$503$360$269
28 years$1,217$894$646$461$324$239
29 years$1,162$844$602$422$293$213
30 years$1,111$797$560$388$265$190
31 years$1,064$753$522$356$239$169
32 years$1,019$713$487$327$216$151
33 years$978$675$455$301$196$135
34 years$939$640$425$277$177$120
35 years$902$607$397$255$161$107
36 years$867$576$372$235$146$96
37 years$834$547$348$216$132$86
38 years$803$520$326$199$120$77
39 years$774$494$305$184$108$69
40 years$746$470$286$170$98$61
41 years$720$448$268$156$89$55
42 years$695$426$252$144$81$49
43 years$671$406$236$133$73$44
44 years$649$387$222$123$67$39
45 years$627$369$208$114$61$35
46 years$607$352$196$105$55$31
47 years$587$336$184$97$50$28
48 years$568$321$173$90$45$25
49 years$550$306$162$83$41$22
50 years$533$293$153$77$37$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $546,000, adding $5,508 every year, while hoping to spend $21,727 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: 47/37/16 Blend
58$546,000$546,000$546,000$546,000
59$607,374$578,436$569,973$632,936
60$646,208$583,661$565,949$656,470
61$688,276$588,415$561,063$679,348
62$733,883$592,651$555,262$703,708
63$783,368$596,319$548,492$729,698
64$837,101$599,368$540,695$757,480
65$895,490$601,742$531,814$787,233
66$958,985$603,382$521,784$819,158
67$1,028,079$604,226$510,541$853,476
68$1,103,315$604,205$498,017$890,430
69$1,185,293$603,251$484,140$930,291
70$1,274,669$601,287$468,836$973,358
71$1,372,170$598,234$452,025$1,019,963
72$1,478,590$594,007$433,628$1,070,473
73$1,594,810$588,516$413,557$1,125,294
74$1,721,793$581,667$391,725$1,184,873
75$1,860,605$573,357$368,037$1,249,707
76$2,012,417$563,481$342,395$1,320,346
77$2,178,517$551,925$314,699$1,397,396
78$2,360,325$538,569$284,841$1,481,529
79$2,559,405$523,286$252,710$1,573,486
80$2,777,479$505,942$218,191$1,674,089
81$3,016,442$486,393$181,160$1,784,244
82$3,278,383$464,490$141,493$1,904,953
83$3,565,601$440,073$99,056$2,037,323
84$3,880,629$412,974$53,711$2,182,578
85$4,226,258$383,014$5,314$2,342,071
86$4,605,559$350,004$0$2,517,295
87$5,021,918$313,746$0$2,717,810
88$5,479,063$274,029$0$2,939,010
89$5,981,101$230,631$0$3,182,029
90$6,532,558$183,316$0$3,449,117
91$7,138,416$131,836$0$3,742,762
92$7,804,168$75,929$0$4,065,703
93$8,535,862$15,318$0$4,420,967
94$9,340,162$0$0$4,811,892
95$10,224,410$0$0$5,262,635
96$11,196,696$0$0$5,765,181
97$12,265,931$0$0$6,317,909
98$13,441,933$0$0$6,925,901
99$14,735,522$0$0$7,594,762
100$16,158,615$0$0$8,330,662