Can I retire at age 59 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$45,253$44,850$44,457$44,073$43,698$43,478
2 years$22,403$21,985$21,581$21,189$20,809$20,586
3 years$14,787$14,368$13,964$13,576$13,202$12,984
4 years$10,980$10,562$10,162$9,781$9,416$9,204
5 years$8,696$8,281$7,887$7,513$7,158$6,953
6 years$7,174$6,762$6,373$6,008$5,664$5,467
7 years$6,087$5,678$5,296$4,939$4,606$4,417
8 years$5,272$4,867$4,492$4,144$3,821$3,639
9 years$4,639$4,238$3,869$3,529$3,218$3,044
10 years$4,133$3,736$3,373$3,042$2,742$2,575
11 years$3,719$3,326$2,969$2,648$2,358$2,199
12 years$3,374$2,985$2,635$2,322$2,043$1,891
13 years$3,083$2,697$2,354$2,050$1,782$1,637
14 years$2,833$2,452$2,115$1,820$1,562$1,424
15 years$2,617$2,240$1,910$1,623$1,375$1,244
16 years$2,428$2,055$1,732$1,453$1,216$1,090
17 years$2,261$1,893$1,576$1,306$1,078$959
18 years$2,113$1,749$1,438$1,177$958$846
19 years$1,981$1,621$1,317$1,063$854$747
20 years$1,862$1,506$1,209$963$763$662
21 years$1,755$1,403$1,112$874$683$587
22 years$1,658$1,310$1,025$795$612$522
23 years$1,569$1,225$946$724$549$464
24 years$1,488$1,148$875$660$494$413
25 years$1,413$1,077$810$603$444$369
26 years$1,344$1,012$752$551$400$329
27 years$1,280$953$698$505$361$294
28 years$1,221$898$649$462$326$263
29 years$1,167$847$604$424$294$235
30 years$1,115$800$562$389$266$210
31 years$1,068$756$524$357$240$188
32 years$1,023$715$489$328$217$169
33 years$981$677$457$302$197$151
34 years$942$642$427$278$178$135
35 years$905$609$399$256$161$121
36 years$870$578$373$236$146$109
37 years$837$549$349$217$132$98
38 years$806$522$327$200$120$88
39 years$777$496$306$184$109$79
40 years$749$472$287$170$99$71
41 years$723$449$269$157$90$64
42 years$698$428$253$145$81$57
43 years$674$408$237$134$74$51
44 years$651$389$223$123$67$46
45 years$629$371$209$114$61$41
46 years$609$354$196$105$55$37
47 years$589$337$184$97$50$33
48 years$570$322$173$90$46$30
49 years$552$308$163$83$41$27
50 years$535$294$153$77$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $548,000, adding $5,438 every year, while hoping to spend $23,630 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: 66/21/13 Blend
58$548,000$548,000$548,000$548,000
59$609,505$580,461$571,967$647,562
60$646,533$583,762$565,986$676,937
61$686,545$586,432$559,012$705,755
62$729,821$588,416$550,988$736,657
63$776,670$589,655$541,853$769,845
64$827,427$590,085$531,542$805,542
65$882,465$589,640$519,989$843,996
66$942,192$588,248$507,124$885,477
67$1,007,057$585,834$492,875$930,287
68$1,077,555$582,317$477,164$978,756
69$1,154,228$577,613$459,912$1,031,252
70$1,237,676$571,632$441,034$1,088,176
71$1,328,554$564,278$420,445$1,149,976
72$1,427,589$555,450$398,052$1,217,144
73$1,535,575$545,039$373,759$1,290,222
74$1,653,392$532,934$347,468$1,369,810
75$1,782,002$519,012$319,073$1,456,570
76$1,922,471$503,148$288,465$1,551,231
77$2,075,966$485,205$255,532$1,654,601
78$2,243,775$465,041$220,154$1,767,567
79$2,427,317$442,505$182,206$1,891,111
80$2,628,153$417,438$141,559$2,026,317
81$2,848,002$389,669$98,078$2,174,379
82$3,088,756$359,020$51,622$2,336,615
83$3,352,499$325,303$2,042$2,514,481
84$3,641,529$288,318$0$2,709,581
85$3,958,373$247,853$0$2,930,743
86$4,305,814$203,686$0$3,173,625
87$4,686,921$155,580$0$3,440,121
88$5,105,072$103,288$0$3,732,635
89$5,563,986$46,546$0$4,053,814
90$6,067,763$0$0$4,406,578
91$6,620,917$0$0$4,797,594
92$7,228,421$0$0$5,238,879
93$7,895,754$0$0$5,723,661
94$8,628,951$0$0$6,256,329
95$9,434,660$0$0$6,841,718
96$10,320,207$0$0$7,485,155
97$11,293,662$0$0$8,192,508
98$12,363,913$0$0$8,970,243
99$13,540,756$0$0$9,825,483
100$14,834,983$0$0$10,766,076