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%13.9%
1 years$50,538$50,088$49,649$49,220$48,802$48,013
2 years$25,019$24,553$24,101$23,664$23,239$22,446
3 years$16,514$16,046$15,595$15,162$14,744$13,972
4 years$12,262$11,795$11,349$10,923$10,515$9,771
5 years$9,711$9,248$8,808$8,390$7,994$7,278
6 years$8,012$7,551$7,118$6,709$6,325$5,639
7 years$6,798$6,342$5,915$5,516$5,144$4,488
8 years$5,888$5,436$5,016$4,627$4,267$3,642
9 years$5,181$4,733$4,321$3,942$3,594$2,998
10 years$4,615$4,172$3,767$3,398$3,062$2,495
11 years$4,153$3,714$3,316$2,957$2,633$2,095
12 years$3,768$3,333$2,943$2,594$2,282$1,771
13 years$3,443$3,012$2,629$2,290$1,990$1,506
14 years$3,164$2,738$2,363$2,033$1,744$1,287
15 years$2,922$2,501$2,133$1,813$1,536$1,104
16 years$2,711$2,295$1,934$1,623$1,357$950
17 years$2,525$2,114$1,760$1,458$1,204$820
18 years$2,360$1,953$1,606$1,314$1,070$709
19 years$2,213$1,810$1,471$1,188$954$615
20 years$2,080$1,682$1,350$1,076$852$534
21 years$1,960$1,567$1,241$976$762$464
22 years$1,851$1,463$1,144$888$683$404
23 years$1,752$1,368$1,056$808$614$352
24 years$1,661$1,282$977$737$551$307
25 years$1,578$1,203$905$673$496$268
26 years$1,501$1,130$839$616$447$234
27 years$1,430$1,064$779$563$403$205
28 years$1,364$1,002$725$516$364$179
29 years$1,303$946$674$473$328$157
30 years$1,246$893$628$434$297$137
31 years$1,193$844$585$399$268$120
32 years$1,143$799$546$367$243$105
33 years$1,096$757$510$337$220$92
34 years$1,052$717$477$310$199$81
35 years$1,011$680$446$286$180$71
36 years$972$645$417$263$163$62
37 years$935$613$390$242$148$55
38 years$901$583$365$223$134$48
39 years$868$554$342$206$122$42
40 years$837$527$321$190$110$37
41 years$807$502$301$175$100$32
42 years$779$478$282$162$91$28
43 years$753$455$265$149$82$25
44 years$727$434$249$138$75$22
45 years$703$414$233$127$68$19
46 years$680$395$219$118$62$17
47 years$658$377$206$109$56$15
48 years$637$360$194$100$51$13
49 years$617$343$182$93$46$11
50 years$598$328$171$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $612,000, adding $2,520 every year, while hoping to spend $35,949 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: 78/11/11 Blend
58$612,000$612,000$612,000$612,000
59$677,023$644,587$635,101$728,292
60$707,830$637,923$618,128$755,695
61$740,575$629,727$599,381$780,870
62$775,416$619,886$578,763$807,449
63$812,530$608,281$556,172$835,557
64$852,106$594,786$531,503$865,331
65$894,356$579,265$504,643$896,923
66$939,507$561,576$475,476$930,501
67$987,814$541,570$443,881$966,252
68$1,039,550$519,086$409,730$1,004,378
69$1,095,019$493,957$372,891$1,045,106
70$1,154,553$466,003$333,225$1,088,686
71$1,218,517$435,037$290,588$1,135,392
72$1,287,311$400,858$244,827$1,185,528
73$1,361,373$363,257$195,786$1,239,430
74$1,441,187$322,010$143,298$1,297,468
75$1,527,281$276,882$87,192$1,360,050
76$1,620,239$227,624$27,288$1,427,629
77$1,720,699$173,973$0$1,500,702
78$1,829,365$115,653$0$1,584,120
79$1,947,009$52,369$0$1,677,887
80$2,074,481$0$0$1,779,491
81$2,212,715$0$0$1,891,658
82$2,362,737$0$0$2,020,287
83$2,525,679$0$0$2,160,010
84$2,702,781$0$0$2,311,895
85$2,895,412$0$0$2,477,116
86$3,105,074$0$0$2,656,966
87$3,333,424$0$0$2,852,867
88$3,582,282$0$0$3,066,385
89$3,853,652$0$0$3,299,240
90$4,149,740$0$0$3,553,330
91$4,472,974$0$0$3,830,740
92$4,826,026$0$0$4,133,767
93$5,211,839$0$0$4,464,940
94$5,633,653$0$0$4,827,043
95$6,095,033$0$0$5,223,141
96$6,599,906$0$0$5,656,609
97$7,152,597$0$0$6,131,163
98$7,757,866$0$0$6,650,895
99$8,420,957$0$0$7,220,312
100$9,147,645$0$0$7,844,377