Can I retire at age 59 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$49,547$49,106$48,676$48,255$47,845$46,936
2 years$24,528$24,072$23,629$23,200$22,783$21,872
3 years$16,190$15,731$15,289$14,864$14,455$13,568
4 years$12,021$11,564$11,127$10,709$10,309$9,455
5 years$9,521$9,066$8,635$8,225$7,837$7,017
6 years$7,855$7,403$6,978$6,578$6,201$5,416
7 years$6,665$6,217$5,799$5,408$5,043$4,294
8 years$5,773$5,329$4,918$4,537$4,184$3,470
9 years$5,079$4,640$4,236$3,864$3,523$2,844
10 years$4,525$4,090$3,693$3,331$3,002$2,357
11 years$4,072$3,641$3,251$2,899$2,582$1,971
12 years$3,694$3,268$2,885$2,543$2,237$1,659
13 years$3,375$2,953$2,578$2,245$1,951$1,404
14 years$3,102$2,685$2,316$1,993$1,710$1,194
15 years$2,865$2,452$2,091$1,777$1,506$1,019
16 years$2,658$2,250$1,896$1,591$1,331$873
17 years$2,476$2,072$1,725$1,430$1,180$750
18 years$2,314$1,915$1,575$1,289$1,049$645
19 years$2,169$1,775$1,442$1,164$935$556
20 years$2,039$1,649$1,323$1,054$835$480
21 years$1,922$1,536$1,217$957$748$415
22 years$1,815$1,434$1,122$870$670$360
23 years$1,718$1,341$1,036$792$601$312
24 years$1,629$1,256$958$723$541$271
25 years$1,547$1,179$887$660$486$235
26 years$1,472$1,108$823$604$438$204
27 years$1,402$1,043$764$552$395$177
28 years$1,337$983$710$506$356$154
29 years$1,277$927$661$464$322$134
30 years$1,221$876$616$426$291$117
31 years$1,169$828$574$391$263$102
32 years$1,120$783$536$360$238$89
33 years$1,075$742$500$331$215$77
34 years$1,032$703$467$304$195$67
35 years$991$667$437$280$177$59
36 years$953$633$409$258$160$51
37 years$917$601$382$238$145$45
38 years$883$571$358$219$131$39
39 years$851$543$336$202$119$34
40 years$820$517$315$186$108$30
41 years$791$492$295$172$98$26
42 years$764$468$277$159$89$22
43 years$738$446$260$146$81$20
44 years$713$425$244$135$73$17
45 years$689$406$229$125$67$15
46 years$667$387$215$115$60$13
47 years$645$369$202$107$55$11
48 years$624$353$190$98$50$10
49 years$605$337$178$91$45$9
50 years$586$322$168$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $600,000, adding $3,410 every year, while hoping to spend $59,157 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: 38/38/24 Blend
58$600,000$600,000$600,000$600,000
59$664,717$632,917$623,617$685,103
60$669,576$600,988$581,566$668,327
61$672,947$565,511$536,123$644,455
62$674,618$526,251$487,113$617,482
63$674,349$482,957$434,351$587,162
64$671,876$435,366$377,646$553,233
65$666,907$383,198$316,796$515,411
66$659,116$326,159$251,593$473,390
67$648,141$263,937$181,818$426,840
68$633,584$196,202$107,241$375,407
69$615,002$122,607$27,625$318,707
70$591,902$42,786$0$256,328
71$563,743$0$0$202,505
72$529,923$0$0$168,830
73$489,776$0$0$150,347
74$442,567$0$0$128,853
75$387,483$0$0$104,007
76$323,622$0$0$75,429
77$249,991$0$0$42,703
78$165,491$0$0$5,365
79$68,907$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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