Can I retire at age 59 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$44,840$44,441$44,051$43,671$43,300$42,425
2 years$22,198$21,785$21,384$20,996$20,619$19,742
3 years$14,652$14,237$13,837$13,452$13,081$12,229
4 years$10,879$10,465$10,070$9,691$9,330$8,509
5 years$8,616$8,205$7,815$7,444$7,092$6,305
6 years$7,108$6,700$6,315$5,953$5,612$4,859
7 years$6,032$5,627$5,248$4,894$4,564$3,845
8 years$5,224$4,823$4,451$4,106$3,786$3,102
9 years$4,597$4,199$3,833$3,497$3,189$2,538
10 years$4,095$3,702$3,342$3,015$2,717$2,100
11 years$3,685$3,295$2,942$2,624$2,337$1,752
12 years$3,343$2,958$2,611$2,301$2,025$1,472
13 years$3,054$2,673$2,333$2,032$1,766$1,243
14 years$2,807$2,430$2,096$1,803$1,548$1,055
15 years$2,593$2,219$1,893$1,608$1,363$899
16 years$2,406$2,036$1,716$1,440$1,204$768
17 years$2,241$1,875$1,561$1,294$1,068$658
18 years$2,094$1,733$1,425$1,166$950$565
19 years$1,963$1,606$1,305$1,054$846$486
20 years$1,845$1,492$1,198$954$756$419
21 years$1,739$1,390$1,101$866$677$362
22 years$1,643$1,298$1,015$787$606$312
23 years$1,555$1,214$937$717$544$270
24 years$1,474$1,137$867$654$489$234
25 years$1,400$1,067$803$597$440$203
26 years$1,332$1,003$745$546$397$176
27 years$1,269$944$691$500$358$152
28 years$1,210$889$643$458$323$132
29 years$1,156$839$598$420$291$115
30 years$1,105$792$557$386$263$100
31 years$1,058$749$519$354$238$86
32 years$1,014$709$485$325$215$75
33 years$972$671$453$299$195$65
34 years$934$636$423$275$176$57
35 years$897$603$395$253$160$49
36 years$862$573$370$233$145$43
37 years$830$544$346$215$131$37
38 years$799$517$324$198$119$32
39 years$770$492$304$183$108$28
40 years$742$468$285$169$98$25
41 years$716$445$267$156$89$21
42 years$691$424$250$144$81$19
43 years$668$404$235$133$73$16
44 years$645$385$221$122$66$14
45 years$624$367$207$113$60$12
46 years$603$350$194$104$55$11
47 years$584$334$183$96$50$9
48 years$565$319$172$89$45$8
49 years$547$305$161$82$41$7
50 years$530$291$152$76$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $543,000, adding $5,720 every year, while hoping to spend $33,882 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: 59/12/29 Blend
58$543,000$543,000$543,000$543,000
59$604,286$575,507$567,091$634,858
60$629,873$567,657$550,038$648,574
61$656,934$558,286$531,279$659,453
62$685,585$547,285$510,719$670,622
63$715,949$534,537$488,263$682,121
64$748,164$519,917$463,808$693,991
65$782,380$503,296$437,248$706,282
66$818,759$484,534$408,473$719,050
67$857,481$463,485$377,366$732,357
68$898,742$439,994$343,805$746,275
69$942,757$413,896$307,665$760,886
70$989,759$385,019$268,814$776,280
71$1,040,007$353,177$227,112$792,561
72$1,093,784$318,179$182,416$809,845
73$1,151,398$279,817$134,574$828,261
74$1,213,189$237,877$83,431$847,958
75$1,279,529$192,129$28,822$869,098
76$1,350,829$142,330$0$891,866
77$1,427,535$88,226$0$925,583
78$1,510,142$29,547$0$971,475
79$1,599,190$0$0$1,020,930
80$1,695,274$0$0$1,078,784
81$1,799,047$0$0$1,145,516
82$1,911,226$0$0$1,217,691
83$2,032,602$0$0$1,295,821
84$2,164,040$0$0$1,380,468
85$2,306,494$0$0$1,472,253
86$2,461,013$0$0$1,571,856
87$2,628,749$0$0$1,680,025
88$2,810,971$0$0$1,797,584
89$3,009,074$0$0$1,925,440
90$3,224,591$0$0$2,064,588
91$3,459,212$0$0$2,216,127
92$3,714,794$0$0$2,381,262
93$3,993,382$0$0$2,561,323
94$4,297,226$0$0$2,757,770
95$4,628,802$0$0$2,972,214
96$4,990,837$0$0$3,206,426
97$5,386,331$0$0$3,462,355
98$5,818,587$0$0$3,742,148
99$6,291,244$0$0$4,048,169
100$6,808,305$0$0$4,383,021