Can I retire at age 59 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$50,538$50,088$49,649$49,220$48,802$48,373
2 years$25,019$24,553$24,101$23,664$23,239$22,807
3 years$16,514$16,046$15,595$15,162$14,744$14,321
4 years$12,262$11,795$11,349$10,923$10,515$10,106
5 years$9,711$9,248$8,808$8,390$7,994$7,599
6 years$8,012$7,551$7,118$6,709$6,325$5,946
7 years$6,798$6,342$5,915$5,516$5,144$4,780
8 years$5,888$5,436$5,016$4,627$4,267$3,919
9 years$5,181$4,733$4,321$3,942$3,594$3,260
10 years$4,615$4,172$3,767$3,398$3,062$2,743
11 years$4,153$3,714$3,316$2,957$2,633$2,329
12 years$3,768$3,333$2,943$2,594$2,282$1,992
13 years$3,443$3,012$2,629$2,290$1,990$1,714
14 years$3,164$2,738$2,363$2,033$1,744$1,482
15 years$2,922$2,501$2,133$1,813$1,536$1,287
16 years$2,711$2,295$1,934$1,623$1,357$1,122
17 years$2,525$2,114$1,760$1,458$1,204$980
18 years$2,360$1,953$1,606$1,314$1,070$859
19 years$2,213$1,810$1,471$1,188$954$754
20 years$2,080$1,682$1,350$1,076$852$664
21 years$1,960$1,567$1,241$976$762$585
22 years$1,851$1,463$1,144$888$683$516
23 years$1,752$1,368$1,056$808$614$456
24 years$1,661$1,282$977$737$551$403
25 years$1,578$1,203$905$673$496$357
26 years$1,501$1,130$839$616$447$317
27 years$1,430$1,064$779$563$403$281
28 years$1,364$1,002$725$516$364$249
29 years$1,303$946$674$473$328$221
30 years$1,246$893$628$434$297$197
31 years$1,193$844$585$399$268$175
32 years$1,143$799$546$367$243$155
33 years$1,096$757$510$337$220$138
34 years$1,052$717$477$310$199$123
35 years$1,011$680$446$286$180$109
36 years$972$645$417$263$163$97
37 years$935$613$390$242$148$87
38 years$901$583$365$223$134$77
39 years$868$554$342$206$122$69
40 years$837$527$321$190$110$61
41 years$807$502$301$175$100$55
42 years$779$478$282$162$91$49
43 years$753$455$265$149$82$43
44 years$727$434$249$138$75$39
45 years$703$414$233$127$68$34
46 years$680$395$219$118$62$31
47 years$658$377$206$109$56$27
48 years$637$360$194$100$51$24
49 years$617$343$182$93$46$22
50 years$598$328$171$86$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $612,000, adding $6,580 every year, while hoping to spend $30,344 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: 75/20/5 Blend
58$612,000$612,000$612,000$612,000
59$681,211$648,775$639,289$731,572
60$718,409$648,279$628,420$765,088
61$758,384$646,742$616,169$797,261
62$801,387$644,081$602,459$831,629
63$847,695$640,207$587,207$868,397
64$897,610$635,027$570,329$907,790
65$951,465$628,442$551,733$950,060
66$1,009,625$620,347$531,327$995,481
67$1,072,493$610,630$509,013$1,044,358
68$1,140,509$599,173$484,687$1,097,024
69$1,214,160$585,851$458,243$1,153,850
70$1,293,979$570,533$429,569$1,215,243
71$1,380,553$553,077$398,547$1,281,652
72$1,474,527$533,335$365,056$1,353,575
73$1,576,610$511,150$328,967$1,431,558
74$1,687,584$486,356$290,147$1,516,204
75$1,808,307$458,777$248,457$1,608,179
76$1,939,725$428,227$203,750$1,708,219
77$2,082,877$394,510$155,876$1,817,133
78$2,238,907$357,418$104,675$1,935,816
79$2,409,075$316,731$49,981$2,065,254
80$2,594,767$272,217$0$2,206,534
81$2,797,508$223,631$0$2,361,306
82$3,018,978$170,713$0$2,533,320
83$3,261,027$113,191$0$2,721,378
84$3,525,688$50,774$0$2,927,101
85$3,815,205$0$0$3,152,278
86$4,132,043$0$0$3,402,588
87$4,478,922$0$0$3,688,888
88$4,858,832$0$0$4,002,476
89$5,275,070$0$0$4,346,076
90$5,731,264$0$0$4,722,686
91$6,231,411$0$0$5,135,611
92$6,779,913$0$0$5,588,486
93$7,381,619$0$0$6,085,320
94$8,041,869$0$0$6,630,525
95$8,766,544$0$0$7,228,963
96$9,562,126$0$0$7,885,989
97$10,435,751$0$0$8,607,501
98$11,395,281$0$0$9,399,997
99$12,449,379$0$0$10,270,635
100$13,607,586$0$0$11,227,302