Can I retire at age 59 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$50,291$49,843$49,406$48,979$48,563$48,216
2 years$24,896$24,433$23,983$23,548$23,125$22,776
3 years$16,433$15,967$15,519$15,087$14,671$14,330
4 years$12,202$11,737$11,294$10,869$10,464$10,133
5 years$9,664$9,202$8,764$8,349$7,954$7,635
6 years$7,972$7,514$7,083$6,677$6,294$5,987
7 years$6,765$6,311$5,886$5,489$5,119$4,823
8 years$5,859$5,409$4,992$4,605$4,247$3,963
9 years$5,156$4,710$4,299$3,922$3,576$3,305
10 years$4,593$4,151$3,748$3,381$3,047$2,788
11 years$4,133$3,696$3,300$2,942$2,621$2,373
12 years$3,750$3,317$2,929$2,581$2,271$2,035
13 years$3,426$2,998$2,617$2,279$1,980$1,755
14 years$3,148$2,725$2,351$2,023$1,736$1,522
15 years$2,908$2,489$2,123$1,804$1,528$1,325
16 years$2,698$2,284$1,924$1,615$1,351$1,158
17 years$2,513$2,103$1,751$1,451$1,198$1,015
18 years$2,349$1,944$1,599$1,308$1,065$892
19 years$2,202$1,801$1,463$1,182$949$785
20 years$2,070$1,674$1,343$1,070$848$693
21 years$1,951$1,559$1,235$971$759$612
22 years$1,842$1,455$1,139$883$680$542
23 years$1,743$1,361$1,051$804$611$480
24 years$1,653$1,275$972$734$549$426
25 years$1,570$1,197$901$670$494$379
26 years$1,494$1,125$835$613$445$337
27 years$1,423$1,059$776$561$401$300
28 years$1,357$998$721$514$362$267
29 years$1,296$941$671$471$327$238
30 years$1,240$889$625$432$295$212
31 years$1,187$840$583$397$267$189
32 years$1,137$795$544$365$241$168
33 years$1,091$753$508$336$219$150
34 years$1,047$713$474$309$198$134
35 years$1,006$677$443$284$179$120
36 years$967$642$415$262$162$107
37 years$931$610$388$241$147$96
38 years$896$580$364$222$133$85
39 years$864$551$341$205$121$76
40 years$833$525$319$189$110$68
41 years$803$499$299$174$100$61
42 years$775$476$281$161$90$55
43 years$749$453$263$149$82$49
44 years$724$432$247$137$74$44
45 years$700$412$232$127$68$39
46 years$677$393$218$117$61$35
47 years$655$375$205$108$56$31
48 years$634$358$193$100$51$28
49 years$614$342$181$92$46$25
50 years$595$326$170$85$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $609,000, adding $3,326 every year, while hoping to spend $25,069 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: 64/21/15 Blend
58$609,000$609,000$609,000$609,000
59$674,549$642,272$632,832$715,060
60$716,680$647,070$627,359$747,409
61$762,267$651,263$620,862$779,545
62$811,639$654,795$613,281$814,038
63$865,152$657,606$604,552$851,118
64$923,201$659,632$594,608$891,038
65$986,220$660,807$583,380$934,079
66$1,054,686$661,058$570,795$980,550
67$1,129,123$660,309$556,776$1,030,793
68$1,210,109$658,479$541,243$1,085,184
69$1,298,279$655,484$524,113$1,144,139
70$1,394,332$651,230$505,299$1,208,119
71$1,499,036$645,623$484,709$1,277,630
72$1,613,238$638,559$462,247$1,353,231
73$1,737,869$629,929$437,814$1,435,541
74$1,873,956$619,620$411,304$1,525,241
75$2,022,626$607,508$382,610$1,623,083
76$2,185,123$593,465$351,616$1,729,898
77$2,362,815$577,354$318,205$1,846,603
78$2,557,207$559,030$282,250$1,974,209
79$2,769,960$538,339$243,622$2,113,831
80$3,002,898$515,120$202,186$2,266,701
81$3,258,034$489,201$157,799$2,434,178
82$3,537,582$460,401$110,314$2,617,762
83$3,843,981$428,527$59,576$2,819,106
84$4,179,919$393,376$5,424$3,040,036
85$4,548,354$354,734$0$3,282,566
86$4,952,544$312,375$0$3,557,297
87$5,396,081$266,058$0$3,859,771
88$5,882,917$215,531$0$4,191,852
89$6,417,407$160,525$0$4,556,551
90$7,004,351$100,759$0$4,957,191
91$7,649,032$35,933$0$5,397,433
92$8,357,274$0$0$5,881,313
93$9,135,489$0$0$6,421,201
94$9,990,744$0$0$7,023,707
95$10,930,823$0$0$7,686,015
96$11,964,303$0$0$8,414,174
97$13,100,631$0$0$9,214,847
98$14,350,218$0$0$10,095,376
99$15,724,532$0$0$11,063,848
100$17,236,210$0$0$12,129,174