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%12.6%
1 years$50,456$50,006$49,568$49,140$48,722$48,193
2 years$24,978$24,513$24,062$23,625$23,201$22,668
3 years$16,487$16,019$15,570$15,137$14,720$14,200
4 years$12,242$11,776$11,331$10,905$10,498$9,995
5 years$9,696$9,233$8,793$8,376$7,981$7,496
6 years$7,999$7,539$7,106$6,699$6,315$5,849
7 years$6,787$6,331$5,905$5,507$5,136$4,689
8 years$5,879$5,427$5,008$4,620$4,260$3,833
9 years$5,172$4,725$4,314$3,935$3,588$3,180
10 years$4,608$4,165$3,761$3,392$3,057$2,668
11 years$4,146$3,708$3,311$2,952$2,629$2,258
12 years$3,762$3,328$2,938$2,589$2,278$1,925
13 years$3,437$3,008$2,625$2,286$1,987$1,651
14 years$3,159$2,734$2,359$2,029$1,742$1,423
15 years$2,918$2,497$2,130$1,810$1,533$1,232
16 years$2,707$2,291$1,931$1,620$1,355$1,070
17 years$2,521$2,110$1,757$1,456$1,202$932
18 years$2,356$1,950$1,604$1,312$1,068$813
19 years$2,209$1,807$1,468$1,186$952$712
20 years$2,077$1,679$1,347$1,074$851$624
21 years$1,957$1,564$1,239$975$761$548
22 years$1,848$1,460$1,142$886$682$482
23 years$1,749$1,366$1,055$807$613$424
24 years$1,659$1,280$975$736$551$374
25 years$1,575$1,201$903$672$495$329
26 years$1,498$1,129$838$615$446$291
27 years$1,428$1,062$778$563$402$257
28 years$1,362$1,001$723$515$363$227
29 years$1,301$944$673$473$328$201
30 years$1,244$892$627$434$296$178
31 years$1,191$843$585$398$268$157
32 years$1,141$798$545$366$242$139
33 years$1,094$755$509$337$219$123
34 years$1,050$716$476$310$198$109
35 years$1,009$679$445$285$180$97
36 years$970$644$416$263$163$86
37 years$934$612$389$242$148$76
38 years$899$582$365$223$134$68
39 years$866$553$342$206$121$60
40 years$835$526$320$190$110$53
41 years$806$501$300$175$100$47
42 years$778$477$282$162$91$42
43 years$751$455$264$149$82$37
44 years$726$433$248$138$75$33
45 years$702$413$233$127$68$29
46 years$679$394$219$117$62$26
47 years$657$376$206$109$56$23
48 years$636$359$193$100$51$20
49 years$616$343$182$93$46$18
50 years$597$328$171$86$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $611,000, adding $5,894 every year, while hoping to spend $25,539 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: 25/47/28 Blend
58$611,000$611,000$611,000$611,000
59$679,402$647,019$637,548$690,316
60$721,527$651,549$631,733$704,399
61$767,094$655,446$624,867$716,936
62$816,425$658,651$616,887$729,849
63$869,878$661,102$607,730$743,186
64$927,843$662,733$597,327$757,004
65$990,752$663,476$585,606$771,366
66$1,059,077$663,255$572,493$786,344
67$1,133,341$661,993$557,909$802,021
68$1,214,117$659,605$541,774$818,490
69$1,302,034$656,003$524,001$835,855
70$1,397,788$651,094$504,501$854,237
71$1,502,141$644,776$483,181$873,770
72$1,615,934$636,945$459,942$894,604
73$1,740,092$627,488$434,683$916,910
74$1,875,634$616,287$407,297$940,878
75$2,023,679$603,216$377,672$966,723
76$2,185,462$588,141$345,692$994,687
77$2,362,341$570,921$311,234$1,025,037
78$2,555,811$551,408$274,172$1,058,077
79$2,767,519$529,443$234,372$1,094,142
80$2,999,279$504,858$191,696$1,133,611
81$3,253,086$477,477$145,999$1,176,903
82$3,531,140$447,113$97,129$1,224,490
83$3,835,862$413,567$44,929$1,276,894
84$4,169,919$376,631$0$1,334,700
85$4,536,248$336,083$0$1,401,778
86$4,938,084$291,689$0$1,490,166
87$5,378,990$243,203$0$1,587,287
88$5,862,891$190,364$0$1,694,093
89$6,394,110$132,896$0$1,811,638
90$6,977,409$70,508$0$1,941,090
91$7,618,034$2,893$0$2,083,744
92$8,321,765$0$0$2,241,030
93$9,094,967$0$0$2,450,878
94$9,944,653$0$0$2,683,241
95$10,878,550$0$0$2,938,749
96$11,905,171$0$0$3,219,747
97$13,033,892$0$0$3,528,816
98$14,275,046$0$0$3,868,800
99$15,640,017$0$0$4,242,834
100$17,141,346$0$0$4,654,372