Can I retire at age 59 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$45,336$44,932$44,538$44,154$43,778$42,912
2 years$22,444$22,026$21,620$21,228$20,847$19,978
3 years$14,814$14,394$13,990$13,601$13,226$12,381
4 years$11,000$10,581$10,181$9,799$9,433$8,619
5 years$8,712$8,296$7,901$7,526$7,171$6,390
6 years$7,187$6,774$6,385$6,019$5,674$4,927
7 years$6,098$5,689$5,306$4,948$4,614$3,902
8 years$5,282$4,876$4,500$4,151$3,828$3,149
9 years$4,648$4,246$3,876$3,536$3,224$2,578
10 years$4,140$3,742$3,379$3,048$2,747$2,134
11 years$3,726$3,332$2,975$2,653$2,362$1,782
12 years$3,380$2,990$2,640$2,327$2,047$1,498
13 years$3,088$2,702$2,359$2,054$1,785$1,266
14 years$2,838$2,456$2,119$1,823$1,565$1,075
15 years$2,622$2,244$1,913$1,626$1,378$917
16 years$2,432$2,059$1,735$1,456$1,218$784
17 years$2,265$1,896$1,579$1,308$1,080$672
18 years$2,117$1,752$1,441$1,179$960$578
19 years$1,985$1,624$1,319$1,065$856$497
20 years$1,866$1,509$1,211$965$764$429
21 years$1,758$1,405$1,114$876$684$370
22 years$1,661$1,312$1,026$796$613$320
23 years$1,572$1,227$948$725$550$277
24 years$1,490$1,150$876$661$495$240
25 years$1,415$1,079$812$604$445$208
26 years$1,346$1,014$753$552$401$181
27 years$1,283$954$699$505$362$157
28 years$1,224$899$650$463$326$136
29 years$1,169$848$605$425$295$118
30 years$1,118$801$563$390$266$103
31 years$1,070$757$525$358$241$89
32 years$1,025$717$490$329$218$78
33 years$983$679$458$303$197$68
34 years$944$643$427$278$178$59
35 years$907$610$400$256$162$51
36 years$872$579$374$236$146$44
37 years$839$550$350$217$133$39
38 years$808$523$328$200$120$34
39 years$778$497$307$185$109$29
40 years$751$473$288$170$99$26
41 years$724$450$270$157$90$22
42 years$699$429$253$145$81$19
43 years$675$408$238$134$74$17
44 years$652$389$223$124$67$15
45 years$631$371$209$114$61$13
46 years$610$354$197$106$55$11
47 years$590$338$185$97$50$10
48 years$571$323$174$90$46$8
49 years$553$308$163$83$41$7
50 years$536$294$153$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $549,000, adding $6,781 every year, while hoping to spend $27,811 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: 56/32/12 Blend
58$549,000$549,000$549,000$549,000
59$611,993$582,896$574,386$644,037
60$644,825$581,867$564,037$665,481
61$680,075$579,855$552,410$685,188
62$717,958$576,784$539,431$706,000
63$758,714$572,571$525,026$728,026
64$802,603$567,127$509,116$751,390
65$849,915$560,362$491,617$776,227
66$900,963$552,178$472,443$802,688
67$956,096$542,469$451,505$830,942
68$1,015,694$531,126$428,706$861,175
69$1,080,177$518,033$403,950$893,595
70$1,150,005$503,067$377,132$928,432
71$1,225,684$486,095$348,144$965,941
72$1,307,771$466,982$316,875$1,006,405
73$1,396,879$445,579$283,205$1,050,139
74$1,493,681$421,732$247,013$1,097,491
75$1,598,917$395,279$208,169$1,148,848
76$1,713,404$366,044$166,540$1,204,638
77$1,838,037$333,847$121,985$1,265,335
78$1,973,804$298,492$74,358$1,331,466
79$2,121,790$259,776$23,507$1,403,613
80$2,283,190$217,482$0$1,482,423
81$2,459,320$171,383$0$1,572,546
82$2,651,627$121,238$0$1,674,306
83$2,861,705$66,791$0$1,785,585
84$3,091,309$7,774$0$1,907,378
85$3,342,371$0$0$2,040,781
86$3,617,017$0$0$2,206,758
87$3,917,589$0$0$2,391,448
88$4,246,666$0$0$2,593,703
89$4,607,088$0$0$2,815,276
90$5,001,981$0$0$3,058,095
91$5,434,791$0$0$3,324,286
92$5,909,308$0$0$3,616,187
93$6,429,712$0$0$3,936,376
94$7,000,604$0$0$4,287,691
95$7,627,050$0$0$4,673,259
96$8,314,635$0$0$5,096,525
97$9,069,506$0$0$5,561,281
98$9,898,437$0$0$6,071,707
99$10,808,891$0$0$6,632,406
100$11,809,086$0$0$7,248,450