Can I retire at age 59 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$45,006$44,605$44,214$43,832$43,459$43,095
2 years$22,280$21,865$21,463$21,073$20,695$20,328
3 years$14,706$14,289$13,888$13,502$13,130$12,771
4 years$10,919$10,504$10,107$9,727$9,364$9,017
5 years$8,648$8,235$7,843$7,471$7,118$6,784
6 years$7,135$6,725$6,339$5,975$5,633$5,310
7 years$6,054$5,647$5,267$4,912$4,581$4,271
8 years$5,244$4,841$4,467$4,121$3,800$3,504
9 years$4,614$4,215$3,848$3,510$3,200$2,917
10 years$4,110$3,715$3,354$3,026$2,727$2,456
11 years$3,698$3,307$2,953$2,633$2,345$2,086
12 years$3,356$2,969$2,621$2,310$2,032$1,786
13 years$3,066$2,683$2,342$2,039$1,772$1,538
14 years$2,817$2,438$2,104$1,810$1,553$1,330
15 years$2,602$2,228$1,900$1,614$1,368$1,156
16 years$2,415$2,044$1,722$1,445$1,209$1,008
17 years$2,249$1,882$1,567$1,299$1,072$882
18 years$2,102$1,739$1,431$1,170$953$773
19 years$1,970$1,612$1,310$1,058$849$679
20 years$1,852$1,498$1,202$958$759$598
21 years$1,746$1,395$1,106$869$679$527
22 years$1,649$1,302$1,019$790$609$466
23 years$1,560$1,218$941$720$546$412
24 years$1,479$1,141$870$657$491$365
25 years$1,405$1,071$806$600$442$323
26 years$1,337$1,007$747$548$398$287
27 years$1,273$947$694$502$359$254
28 years$1,215$893$645$460$324$226
29 years$1,160$842$600$422$292$201
30 years$1,109$795$559$387$264$179
31 years$1,062$752$521$355$239$159
32 years$1,018$711$486$327$216$141
33 years$976$674$454$300$196$126
34 years$937$639$424$276$177$112
35 years$900$606$397$254$160$100
36 years$866$575$371$234$145$89
37 years$833$546$347$216$132$79
38 years$802$519$325$199$119$71
39 years$773$493$305$183$108$63
40 years$745$469$286$169$98$56
41 years$719$447$268$156$89$50
42 years$694$426$251$144$81$45
43 years$670$405$236$133$73$40
44 years$648$386$221$123$67$36
45 years$626$369$208$113$60$32
46 years$605$352$195$105$55$28
47 years$586$336$183$97$50$25
48 years$567$320$172$89$45$23
49 years$549$306$162$83$41$20
50 years$532$292$152$76$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $545,000, adding $5,045 every year, while hoping to spend $47,224 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: 54/27/19 Blend
58$545,000$545,000$545,000$545,000
59$605,794$576,909$568,461$635,131
60$617,339$554,931$537,259$633,790
61$628,479$530,294$503,428$626,916
62$639,122$502,818$466,832$618,404
63$649,167$472,310$427,325$608,109
64$658,500$438,571$384,758$595,877
65$666,993$401,387$338,974$581,543
66$674,504$360,532$289,807$564,925
67$680,874$315,769$237,086$545,827
68$685,928$266,847$180,633$524,040
69$689,469$213,498$120,261$499,333
70$691,278$155,443$55,773$471,460
71$691,114$92,386$0$440,153
72$688,707$24,012$0$407,765
73$683,758$0$0$383,576
74$675,935$0$0$370,828
75$664,871$0$0$363,254
76$650,159$0$0$353,479
77$631,346$0$0$341,231
78$607,933$0$0$326,212
79$579,365$0$0$308,092
80$545,030$0$0$286,505
81$504,250$0$0$261,046
82$456,275$0$0$231,268
83$400,275$0$0$196,675
84$335,333$0$0$156,722
85$260,435$0$0$110,802
86$174,461$0$0$58,249
87$76,173$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0