Can I retire at age 59 with 599,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$49,465$49,024$48,594$48,175$47,765$46,591
2 years$24,488$24,031$23,590$23,161$22,745$21,570
3 years$16,163$15,705$15,264$14,839$14,431$13,291
4 years$12,001$11,545$11,108$10,691$10,292$9,196
5 years$9,505$9,051$8,620$8,212$7,824$6,775
6 years$7,841$7,391$6,967$6,567$6,191$5,190
7 years$6,654$6,207$5,789$5,399$5,035$4,082
8 years$5,763$5,320$4,910$4,529$4,177$3,272
9 years$5,071$4,632$4,229$3,858$3,517$2,660
10 years$4,517$4,083$3,687$3,325$2,997$2,185
11 years$4,065$3,635$3,246$2,894$2,578$1,811
12 years$3,688$3,263$2,881$2,539$2,234$1,510
13 years$3,369$2,949$2,574$2,241$1,948$1,267
14 years$3,097$2,680$2,312$1,989$1,707$1,067
15 years$2,860$2,448$2,088$1,774$1,503$902
16 years$2,654$2,246$1,893$1,589$1,329$765
17 years$2,472$2,069$1,722$1,427$1,178$650
18 years$2,310$1,912$1,572$1,286$1,047$554
19 years$2,166$1,772$1,439$1,162$934$473
20 years$2,036$1,646$1,321$1,053$834$404
21 years$1,918$1,533$1,215$955$746$346
22 years$1,812$1,431$1,120$869$669$296
23 years$1,715$1,339$1,034$791$600$254
24 years$1,626$1,254$956$722$540$218
25 years$1,544$1,177$886$659$486$187
26 years$1,469$1,106$821$603$437$161
27 years$1,400$1,041$763$552$394$138
28 years$1,335$981$709$505$356$119
29 years$1,275$926$660$463$321$102
30 years$1,219$874$615$425$290$88
31 years$1,167$826$573$391$263$76
32 years$1,118$782$535$359$237$65
33 years$1,073$740$499$330$215$56
34 years$1,030$702$466$304$195$48
35 years$989$666$436$280$176$42
36 years$951$632$408$257$160$36
37 years$915$600$382$237$145$31
38 years$881$570$358$219$131$27
39 years$849$542$335$202$119$23
40 years$819$516$314$186$108$20
41 years$790$491$294$172$98$17
42 years$763$468$276$158$89$15
43 years$737$446$259$146$81$13
44 years$712$425$243$135$73$11
45 years$688$405$228$125$66$9
46 years$665$386$215$115$60$8
47 years$644$369$202$106$55$7
48 years$623$352$189$98$50$6
49 years$604$336$178$91$45$5
50 years$585$321$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $599,000, adding $2,685 every year, while hoping to spend $24,927 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: 34/45/21 Blend
58$599,000$599,000$599,000$599,000
59$662,868$631,121$621,836$681,067
60$703,958$635,523$616,145$699,174
61$748,404$639,306$609,429$716,208
62$796,522$642,413$601,625$734,065
63$848,659$644,783$592,671$752,832
64$905,197$646,352$582,501$772,607
65$966,556$647,053$571,044$793,502
66$1,033,198$646,812$558,227$815,638
67$1,105,632$645,553$543,975$839,154
68$1,184,415$643,194$528,207$864,203
69$1,270,164$639,649$510,840$890,957
70$1,363,555$634,825$491,788$919,607
71$1,465,332$628,627$470,957$950,367
72$1,576,315$620,949$448,254$983,473
73$1,697,407$611,683$423,578$1,019,192
74$1,829,600$600,713$396,825$1,057,816
75$1,973,986$587,915$367,886$1,099,676
76$2,131,770$573,160$336,647$1,145,134
77$2,304,276$556,310$302,990$1,194,597
78$2,492,961$537,218$266,790$1,248,515
79$2,699,433$515,731$227,916$1,307,389
80$2,925,458$491,686$186,235$1,371,775
81$3,172,985$464,908$141,604$1,442,291
82$3,444,157$435,216$93,875$1,519,621
83$3,741,336$402,416$42,895$1,604,525
84$4,067,122$366,305$0$1,697,848
85$4,424,379$326,665$0$1,803,102
86$4,816,263$283,268$0$1,929,169
87$5,246,247$235,874$0$2,067,617
88$5,718,160$184,227$0$2,219,758
89$6,236,217$128,059$0$2,387,044
90$6,805,063$67,085$0$2,571,081
91$7,429,812$1,005$0$2,773,644
92$8,116,100$0$0$2,996,695
93$8,870,136$0$0$3,277,310
94$9,698,759$0$0$3,586,325
95$10,609,503$0$0$3,926,063
96$11,610,669$0$0$4,299,633
97$12,711,403$0$0$4,710,460
98$13,921,780$0$0$5,162,318
99$15,252,900$0$0$5,659,365
100$16,716,994$0$0$6,206,180