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%18.6%
1 years$50,538$50,088$49,649$49,220$48,802$47,108
2 years$25,019$24,553$24,101$23,664$23,239$21,550
3 years$16,514$16,046$15,595$15,162$14,744$13,112
4 years$12,262$11,795$11,349$10,923$10,515$8,954
5 years$9,711$9,248$8,808$8,390$7,994$6,507
6 years$8,012$7,551$7,118$6,709$6,325$4,914
7 years$6,798$6,342$5,915$5,516$5,144$3,809
8 years$5,888$5,436$5,016$4,627$4,267$3,006
9 years$5,181$4,733$4,321$3,942$3,594$2,405
10 years$4,615$4,172$3,767$3,398$3,062$1,944
11 years$4,153$3,714$3,316$2,957$2,633$1,584
12 years$3,768$3,333$2,943$2,594$2,282$1,299
13 years$3,443$3,012$2,629$2,290$1,990$1,070
14 years$3,164$2,738$2,363$2,033$1,744$886
15 years$2,922$2,501$2,133$1,813$1,536$735
16 years$2,711$2,295$1,934$1,623$1,357$612
17 years$2,525$2,114$1,760$1,458$1,204$510
18 years$2,360$1,953$1,606$1,314$1,070$426
19 years$2,213$1,810$1,471$1,188$954$357
20 years$2,080$1,682$1,350$1,076$852$299
21 years$1,960$1,567$1,241$976$762$251
22 years$1,851$1,463$1,144$888$683$210
23 years$1,752$1,368$1,056$808$614$177
24 years$1,661$1,282$977$737$551$149
25 years$1,578$1,203$905$673$496$125
26 years$1,501$1,130$839$616$447$105
27 years$1,430$1,064$779$563$403$88
28 years$1,364$1,002$725$516$364$74
29 years$1,303$946$674$473$328$63
30 years$1,246$893$628$434$297$53
31 years$1,193$844$585$399$268$44
32 years$1,143$799$546$367$243$37
33 years$1,096$757$510$337$220$32
34 years$1,052$717$477$310$199$27
35 years$1,011$680$446$286$180$22
36 years$972$645$417$263$163$19
37 years$935$613$390$242$148$16
38 years$901$583$365$223$134$13
39 years$868$554$342$206$122$11
40 years$837$527$321$190$110$10
41 years$807$502$301$175$100$8
42 years$779$478$282$162$91$7
43 years$753$455$265$149$82$6
44 years$727$434$249$138$75$5
45 years$703$414$233$127$68$4
46 years$680$395$219$118$62$3
47 years$658$377$206$109$56$3
48 years$637$360$194$100$51$2
49 years$617$343$182$93$46$2
50 years$598$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 $612,000, adding $5,945 every year, while hoping to spend $40,524 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: 32/39/29 Blend
58$612,000$612,000$612,000$612,000
59$680,556$648,120$638,634$696,175
60$706,856$636,761$616,911$697,319
61$734,480$623,487$593,102$694,577
62$763,520$608,161$567,095$690,839
63$794,078$590,640$538,771$686,047
64$826,262$570,769$508,008$680,138
65$860,191$548,387$474,676$673,051
66$895,994$523,322$438,642$664,720
67$933,814$495,393$399,765$655,079
68$973,804$464,408$357,898$644,060
69$1,016,132$430,164$312,888$631,594
70$1,060,982$392,447$264,574$617,609
71$1,108,555$351,030$212,790$602,035
72$1,159,070$305,672$157,361$584,796
73$1,212,766$256,122$98,104$565,821
74$1,269,907$202,111$34,829$545,036
75$1,330,780$143,356$0$522,366
76$1,395,699$79,560$0$507,855
77$1,465,009$10,408$0$503,474
78$1,539,088$0$0$498,430
79$1,618,349$0$0$520,378
80$1,703,246$0$0$548,731
81$1,794,278$0$0$579,197
82$1,891,989$0$0$611,968
83$1,996,980$0$0$647,252
84$2,109,908$0$0$685,281
85$2,231,496$0$0$726,307
86$2,362,537$0$0$770,608
87$2,503,901$0$0$818,490
88$2,656,548$0$0$870,288
89$2,821,527$0$0$926,371
90$2,999,996$0$0$987,145
91$3,193,224$0$0$1,053,055
92$3,402,610$0$0$1,124,593
93$3,629,689$0$0$1,202,299
94$3,876,150$0$0$1,286,764
95$4,143,852$0$0$1,378,642
96$4,434,838$0$0$1,478,652
97$4,751,356$0$0$1,587,584
98$5,095,880$0$0$1,706,307
99$5,471,133$0$0$1,835,779
100$5,880,108$0$0$1,977,053