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%15.8%
1 years$45,253$44,850$44,457$44,073$43,698$42,659
2 years$22,403$21,985$21,581$21,189$20,809$19,768
3 years$14,787$14,368$13,964$13,576$13,202$12,192
4 years$10,980$10,562$10,162$9,781$9,416$8,444
5 years$8,696$8,281$7,887$7,513$7,158$6,228
6 years$7,174$6,762$6,373$6,008$5,664$4,776
7 years$6,087$5,678$5,296$4,939$4,606$3,761
8 years$5,272$4,867$4,492$4,144$3,821$3,018
9 years$4,639$4,238$3,869$3,529$3,218$2,456
10 years$4,133$3,736$3,373$3,042$2,742$2,020
11 years$3,719$3,326$2,969$2,648$2,358$1,676
12 years$3,374$2,985$2,635$2,322$2,043$1,400
13 years$3,083$2,697$2,354$2,050$1,782$1,176
14 years$2,833$2,452$2,115$1,820$1,562$992
15 years$2,617$2,240$1,910$1,623$1,375$840
16 years$2,428$2,055$1,732$1,453$1,216$713
17 years$2,261$1,893$1,576$1,306$1,078$607
18 years$2,113$1,749$1,438$1,177$958$518
19 years$1,981$1,621$1,317$1,063$854$442
20 years$1,862$1,506$1,209$963$763$379
21 years$1,755$1,403$1,112$874$683$324
22 years$1,658$1,310$1,025$795$612$278
23 years$1,569$1,225$946$724$549$239
24 years$1,488$1,148$875$660$494$205
25 years$1,413$1,077$810$603$444$177
26 years$1,344$1,012$752$551$400$152
27 years$1,280$953$698$505$361$131
28 years$1,221$898$649$462$326$113
29 years$1,167$847$604$424$294$97
30 years$1,115$800$562$389$266$84
31 years$1,068$756$524$357$240$72
32 years$1,023$715$489$328$217$62
33 years$981$677$457$302$197$54
34 years$942$642$427$278$178$46
35 years$905$609$399$256$161$40
36 years$870$578$373$236$146$34
37 years$837$549$349$217$132$30
38 years$806$522$327$200$120$26
39 years$777$496$306$184$109$22
40 years$749$472$287$170$99$19
41 years$723$449$269$157$90$17
42 years$698$428$253$145$81$14
43 years$674$408$237$134$74$12
44 years$651$389$223$123$67$11
45 years$629$371$209$114$61$9
46 years$609$354$196$105$55$8
47 years$589$337$184$97$50$7
48 years$570$322$173$90$46$6
49 years$552$308$163$83$41$5
50 years$535$294$153$77$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $548,000, adding $6,063 every year, while hoping to spend $39,222 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: 40/35/25 Blend
58$548,000$548,000$548,000$548,000
59$610,150$581,106$572,612$629,841
60$630,653$567,848$550,063$631,368
61$651,934$552,626$525,443$628,886
62$674,028$535,303$498,643$625,430
63$696,978$515,731$469,547$620,936
64$720,826$493,758$438,033$615,334
65$745,618$469,221$403,975$608,552
66$771,404$441,945$367,241$600,515
67$798,237$411,750$327,693$591,144
68$826,174$378,442$285,187$580,355
69$855,275$341,817$239,572$568,062
70$885,606$301,660$190,691$554,174
71$917,239$257,742$138,381$538,597
72$950,250$209,824$82,468$521,231
73$984,720$157,650$22,776$501,973
74$1,020,739$100,953$0$480,716
75$1,058,403$39,447$0$468,265
76$1,097,815$0$0$460,779
77$1,139,088$0$0$462,572
78$1,182,343$0$0$480,394
79$1,227,714$0$0$499,108
80$1,275,342$0$0$518,778
81$1,325,384$0$0$539,469
82$1,378,009$0$0$561,257
83$1,433,401$0$0$584,219
84$1,491,761$0$0$608,444
85$1,553,306$0$0$634,025
86$1,618,274$0$0$661,067
87$1,686,924$0$0$689,682
88$1,759,540$0$0$719,993
89$1,836,430$0$0$752,134
90$1,917,931$0$0$786,253
91$2,004,413$0$0$822,510
92$2,096,277$0$0$861,081
93$2,193,965$0$0$902,159
94$2,297,959$0$0$945,953
95$2,408,787$0$0$992,696
96$2,527,027$0$0$1,042,640
97$2,653,313$0$0$1,096,062
98$2,788,339$0$0$1,153,265
99$2,932,865$0$0$1,214,584
100$3,087,727$0$0$1,280,383