Can I retire at age 59 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$50,456$50,006$49,568$49,140$48,722$48,153
2 years$24,978$24,513$24,062$23,625$23,201$22,628
3 years$16,487$16,019$15,570$15,137$14,720$14,161
4 years$12,242$11,776$11,331$10,905$10,498$9,958
5 years$9,696$9,233$8,793$8,376$7,981$7,460
6 years$7,999$7,539$7,106$6,699$6,315$5,815
7 years$6,787$6,331$5,905$5,507$5,136$4,657
8 years$5,879$5,427$5,008$4,620$4,260$3,802
9 years$5,172$4,725$4,314$3,935$3,588$3,150
10 years$4,608$4,165$3,761$3,392$3,057$2,640
11 years$4,146$3,708$3,311$2,952$2,629$2,232
12 years$3,762$3,328$2,938$2,589$2,278$1,900
13 years$3,437$3,008$2,625$2,286$1,987$1,628
14 years$3,159$2,734$2,359$2,029$1,742$1,401
15 years$2,918$2,497$2,130$1,810$1,533$1,211
16 years$2,707$2,291$1,931$1,620$1,355$1,050
17 years$2,521$2,110$1,757$1,456$1,202$913
18 years$2,356$1,950$1,604$1,312$1,068$796
19 years$2,209$1,807$1,468$1,186$952$696
20 years$2,077$1,679$1,347$1,074$851$609
21 years$1,957$1,564$1,239$975$761$534
22 years$1,848$1,460$1,142$886$682$469
23 years$1,749$1,366$1,055$807$613$412
24 years$1,659$1,280$975$736$551$362
25 years$1,575$1,201$903$672$495$319
26 years$1,498$1,129$838$615$446$281
27 years$1,428$1,062$778$563$402$248
28 years$1,362$1,001$723$515$363$219
29 years$1,301$944$673$473$328$193
30 years$1,244$892$627$434$296$171
31 years$1,191$843$585$398$268$151
32 years$1,141$798$545$366$242$133
33 years$1,094$755$509$337$219$118
34 years$1,050$716$476$310$198$104
35 years$1,009$679$445$285$180$92
36 years$970$644$416$263$163$82
37 years$934$612$389$242$148$72
38 years$899$582$365$223$134$64
39 years$866$553$342$206$121$57
40 years$835$526$320$190$110$50
41 years$806$501$300$175$100$44
42 years$778$477$282$162$91$39
43 years$751$455$264$149$82$35
44 years$726$433$248$138$75$31
45 years$702$413$233$127$68$27
46 years$679$394$219$117$62$24
47 years$657$376$206$109$56$22
48 years$636$359$193$100$51$19
49 years$616$343$182$93$46$17
50 years$597$328$171$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $611,000, adding $3,918 every year, while hoping to spend $47,583 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: 54/25/21 Blend
58$611,000$611,000$611,000$611,000
59$677,363$644,980$635,510$709,859
60$695,827$625,957$606,172$713,555
61$714,578$604,406$574,256$712,254
62$733,597$580,154$539,625$709,818
63$752,860$553,017$502,138$706,154
64$772,337$522,800$461,645$701,162
65$791,995$489,297$417,990$694,733
66$811,795$452,290$371,010$686,753
67$831,695$411,548$320,535$677,099
68$851,643$366,829$266,388$665,637
69$871,582$317,875$208,383$652,227
70$891,446$264,414$146,327$636,716
71$911,162$206,158$80,017$618,941
72$930,645$142,805$9,243$598,728
73$949,802$74,034$0$575,887
74$968,527$0$0$565,071
75$986,699$0$0$554,521
76$1,004,185$0$0$563,899
77$1,020,836$0$0$572,747
78$1,036,483$0$0$580,964
79$1,050,939$0$0$588,438
80$1,063,995$0$0$595,043
81$1,075,417$0$0$600,639
82$1,084,945$0$0$605,070
83$1,092,289$0$0$608,163
84$1,097,129$0$0$609,725
85$1,099,105$0$0$609,542
86$1,097,819$0$0$607,375
87$1,092,831$0$0$602,960
88$1,083,649$0$0$596,004
89$1,069,731$0$0$586,183
90$1,050,472$0$0$573,135
91$1,025,205$0$0$556,462
92$993,190$0$0$535,721
93$953,607$0$0$510,424
94$905,549$0$0$480,029
95$848,011$0$0$443,935
96$779,882$0$0$401,481
97$699,933$0$0$351,933
98$606,806$0$0$294,480
99$498,997$0$0$228,227
100$374,845$0$0$152,182