Can I retire at age 59 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$49,795$49,352$48,919$48,497$48,084$47,801
2 years$24,651$24,192$23,747$23,316$22,897$22,612
3 years$16,271$15,810$15,366$14,939$14,527$14,248
4 years$12,081$11,622$11,182$10,762$10,361$10,090
5 years$9,569$9,112$8,678$8,267$7,876$7,615
6 years$7,894$7,440$7,013$6,611$6,232$5,980
7 years$6,698$6,248$5,828$5,435$5,068$4,826
8 years$5,802$5,356$4,943$4,559$4,205$3,972
9 years$5,105$4,663$4,257$3,884$3,541$3,318
10 years$4,548$4,111$3,711$3,348$3,017$2,804
11 years$4,092$3,659$3,267$2,913$2,595$2,391
12 years$3,713$3,284$2,900$2,556$2,249$2,054
13 years$3,392$2,968$2,591$2,256$1,961$1,775
14 years$3,117$2,698$2,328$2,003$1,719$1,542
15 years$2,879$2,465$2,102$1,786$1,513$1,346
16 years$2,672$2,261$1,905$1,599$1,338$1,178
17 years$2,488$2,083$1,734$1,437$1,186$1,035
18 years$2,326$1,924$1,583$1,295$1,054$911
19 years$2,180$1,783$1,449$1,170$940$804
20 years$2,049$1,657$1,330$1,060$840$711
21 years$1,931$1,544$1,223$962$751$630
22 years$1,824$1,441$1,127$874$673$559
23 years$1,726$1,348$1,041$796$605$496
24 years$1,637$1,263$963$726$543$442
25 years$1,555$1,185$892$663$489$393
26 years$1,479$1,114$827$607$440$350
27 years$1,409$1,048$768$555$397$312
28 years$1,344$988$714$509$358$279
29 years$1,284$932$664$466$324$249
30 years$1,227$880$619$428$292$222
31 years$1,175$832$577$393$264$199
32 years$1,126$787$538$361$239$178
33 years$1,080$745$503$332$216$159
34 years$1,037$706$470$306$196$142
35 years$996$670$439$281$177$127
36 years$958$636$411$259$161$114
37 years$922$604$384$239$146$102
38 years$887$574$360$220$132$92
39 years$855$546$337$203$120$82
40 years$824$519$316$187$109$74
41 years$795$494$296$173$99$66
42 years$768$471$278$159$89$59
43 years$741$449$261$147$81$53
44 years$716$428$245$136$74$48
45 years$693$408$230$125$67$43
46 years$670$389$216$116$61$38
47 years$648$371$203$107$55$34
48 years$628$354$191$99$50$31
49 years$608$338$179$91$45$28
50 years$589$323$168$85$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $603,000, adding $2,713 every year, while hoping to spend $55,451 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: 63/12/25 Blend
58$603,000$603,000$603,000$603,000
59$667,304$635,345$625,999$704,783
60$676,370$607,478$587,970$702,595
61$684,502$576,386$546,810$693,838
62$691,546$541,854$502,353$683,046
63$697,332$503,653$454,429$670,026
64$701,667$461,540$402,861$654,571
65$704,341$415,259$347,460$636,453
66$705,118$364,541$288,034$615,424
67$703,735$309,099$224,378$591,214
68$699,902$248,630$156,281$563,528
69$693,297$182,818$83,521$532,045
70$683,560$111,323$5,866$496,414
71$670,296$33,791$0$456,254
72$653,066$0$0$431,688
73$631,381$0$0$411,347
74$604,703$0$0$391,975
75$572,435$0$0$368,695
76$533,916$0$0$341,048
77$488,416$0$0$308,526
78$435,126$0$0$270,566
79$373,153$0$0$226,548
80$301,508$0$0$175,783
81$219,099$0$0$117,514
82$124,721$0$0$50,900
83$17,038$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