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%18.3%
1 years$50,456$50,006$49,568$49,140$48,722$47,087
2 years$24,978$24,513$24,062$23,625$23,201$21,570
3 years$16,487$16,019$15,570$15,137$14,720$13,144
4 years$12,242$11,776$11,331$10,905$10,498$8,989
5 years$9,696$9,233$8,793$8,376$7,981$6,543
6 years$7,999$7,539$7,106$6,699$6,315$4,949
7 years$6,787$6,331$5,905$5,507$5,136$3,842
8 years$5,879$5,427$5,008$4,620$4,260$3,038
9 years$5,172$4,725$4,314$3,935$3,588$2,436
10 years$4,608$4,165$3,761$3,392$3,057$1,973
11 years$4,146$3,708$3,311$2,952$2,629$1,610
12 years$3,762$3,328$2,938$2,589$2,278$1,323
13 years$3,437$3,008$2,625$2,286$1,987$1,092
14 years$3,159$2,734$2,359$2,029$1,742$906
15 years$2,918$2,497$2,130$1,810$1,533$753
16 years$2,707$2,291$1,931$1,620$1,355$628
17 years$2,521$2,110$1,757$1,456$1,202$525
18 years$2,356$1,950$1,604$1,312$1,068$440
19 years$2,209$1,807$1,468$1,186$952$369
20 years$2,077$1,679$1,347$1,074$851$310
21 years$1,957$1,564$1,239$975$761$260
22 years$1,848$1,460$1,142$886$682$219
23 years$1,749$1,366$1,055$807$613$184
24 years$1,659$1,280$975$736$551$155
25 years$1,575$1,201$903$672$495$131
26 years$1,498$1,129$838$615$446$110
27 years$1,428$1,062$778$563$402$93
28 years$1,362$1,001$723$515$363$79
29 years$1,301$944$673$473$328$66
30 years$1,244$892$627$434$296$56
31 years$1,191$843$585$398$268$47
32 years$1,141$798$545$366$242$40
33 years$1,094$755$509$337$219$34
34 years$1,050$716$476$310$198$29
35 years$1,009$679$445$285$180$24
36 years$970$644$416$263$163$20
37 years$934$612$389$242$148$17
38 years$899$582$365$223$134$15
39 years$866$553$342$206$121$12
40 years$835$526$320$190$110$10
41 years$806$501$300$175$100$9
42 years$778$477$282$162$91$7
43 years$751$455$264$149$82$6
44 years$726$433$248$138$75$5
45 years$702$413$233$127$68$4
46 years$679$394$219$117$62$4
47 years$657$376$206$109$56$3
48 years$636$359$193$100$51$3
49 years$616$343$182$93$46$2
50 years$597$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $611,000, adding $6,489 every year, while hoping to spend $32,327 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: 62/18/20 Blend
58$611,000$611,000$611,000$611,000
59$680,015$647,632$638,162$718,281
60$714,981$644,971$625,145$742,214
61$752,430$641,095$610,608$764,149
62$792,581$635,912$594,466$787,355
63$835,675$629,322$576,632$811,958
64$881,975$621,220$557,010$838,100
65$931,772$611,495$535,505$865,938
66$985,382$600,028$512,014$895,646
67$1,043,155$586,694$486,431$927,416
68$1,105,476$571,360$458,644$961,463
69$1,172,764$553,886$428,539$998,024
70$1,245,483$534,124$395,992$1,037,363
71$1,324,143$511,917$360,878$1,079,771
72$1,409,301$487,097$323,064$1,125,572
73$1,501,574$459,488$282,410$1,175,125
74$1,601,637$428,906$238,774$1,228,825
75$1,710,235$395,152$192,003$1,287,114
76$1,828,183$358,020$141,940$1,350,478
77$1,956,383$317,288$88,420$1,419,456
78$2,095,824$272,724$31,271$1,494,645
79$2,247,594$224,084$0$1,576,705
80$2,412,891$171,107$0$1,672,710
81$2,593,035$113,520$0$1,784,659
82$2,789,474$51,032$0$1,906,810
83$3,003,807$0$0$2,040,195
84$3,237,791$0$0$2,189,254
85$3,493,361$0$0$2,363,146
86$3,772,645$0$0$2,553,220
87$4,077,991$0$0$2,761,075
88$4,411,978$0$0$2,988,476
89$4,777,450$0$0$3,237,363
90$5,177,537$0$0$3,509,875
91$5,615,686$0$0$3,808,366
92$6,095,692$0$0$4,135,427
93$6,621,736$0$0$4,493,916
94$7,198,421$0$0$4,886,975
95$7,830,818$0$0$5,318,069
96$8,524,511$0$0$5,791,012
97$9,285,652$0$0$6,310,005
98$10,121,017$0$0$6,879,678
99$11,038,067$0$0$7,505,129
100$12,045,025$0$0$8,191,972