Can I retire at age 59 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$50,621$50,170$49,730$49,301$48,881$47,072
2 years$25,060$24,593$24,141$23,702$23,277$21,475
3 years$16,541$16,072$15,621$15,186$14,768$13,029
4 years$12,282$11,815$11,368$10,941$10,533$8,871
5 years$9,727$9,263$8,822$8,404$8,007$6,426
6 years$8,025$7,564$7,129$6,720$6,335$4,837
7 years$6,809$6,352$5,925$5,525$5,152$3,736
8 years$5,898$5,445$5,025$4,635$4,274$2,938
9 years$5,189$4,741$4,328$3,948$3,600$2,342
10 years$4,623$4,179$3,773$3,403$3,067$1,886
11 years$4,160$3,720$3,322$2,962$2,638$1,531
12 years$3,774$3,339$2,948$2,598$2,286$1,250
13 years$3,448$3,017$2,634$2,294$1,993$1,026
14 years$3,169$2,743$2,366$2,036$1,747$845
15 years$2,927$2,506$2,137$1,816$1,538$699
16 years$2,716$2,299$1,937$1,626$1,360$579
17 years$2,530$2,117$1,763$1,461$1,206$481
18 years$2,364$1,956$1,609$1,316$1,072$400
19 years$2,216$1,813$1,473$1,190$955$333
20 years$2,083$1,685$1,352$1,077$853$278
21 years$1,963$1,569$1,243$978$764$232
22 years$1,854$1,465$1,146$889$685$194
23 years$1,755$1,370$1,058$810$615$162
24 years$1,664$1,284$979$738$552$135
25 years$1,580$1,205$906$674$497$113
26 years$1,503$1,132$841$617$448$95
27 years$1,432$1,066$781$564$404$80
28 years$1,366$1,004$726$517$364$67
29 years$1,305$947$675$474$329$56
30 years$1,248$895$629$435$297$47
31 years$1,194$846$586$400$269$39
32 years$1,145$800$547$367$243$33
33 years$1,098$758$511$338$220$28
34 years$1,054$718$477$311$199$23
35 years$1,013$681$446$286$180$19
36 years$974$647$417$263$163$16
37 years$937$614$391$243$148$14
38 years$902$584$366$224$134$11
39 years$869$555$343$206$122$10
40 years$838$528$321$190$110$8
41 years$809$503$301$176$100$7
42 years$780$479$283$162$91$6
43 years$754$456$265$150$83$5
44 years$728$435$249$138$75$4
45 years$704$415$234$128$68$3
46 years$681$395$220$118$62$3
47 years$659$377$206$109$56$2
48 years$638$360$194$101$51$2
49 years$618$344$182$93$46$2
50 years$599$329$171$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $613,000, adding $4,655 every year, while hoping to spend $46,479 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: 79/15/6 Blend
58$613,000$613,000$613,000$613,000
59$680,328$647,839$638,337$733,368
60$700,268$630,129$610,268$751,081
61$720,684$609,995$579,701$763,931
62$741,576$587,267$546,503$776,629
63$762,941$561,767$510,536$789,135
64$784,776$533,309$471,653$801,409
65$807,075$501,692$429,705$813,404
66$829,829$466,707$384,533$825,071
67$853,027$428,132$335,970$836,355
68$876,656$385,731$283,846$847,196
69$900,699$339,256$227,979$857,530
70$925,135$288,444$168,181$867,285
71$949,939$233,018$104,255$876,385
72$975,083$172,685$35,997$884,745
73$1,000,530$107,136$0$892,274
74$1,026,242$36,044$0$901,230
75$1,052,172$0$0$911,758
76$1,078,266$0$0$928,204
77$1,104,463$0$0$950,680
78$1,130,693$0$0$973,173
79$1,156,876$0$0$995,615
80$1,182,921$0$0$1,017,926
81$1,208,726$0$0$1,040,017
82$1,234,176$0$0$1,061,786
83$1,259,140$0$0$1,083,120
84$1,283,470$0$0$1,103,891
85$1,307,004$0$0$1,123,954
86$1,329,555$0$0$1,143,149
87$1,350,917$0$0$1,161,295
88$1,370,860$0$0$1,178,191
89$1,389,124$0$0$1,193,611
90$1,405,422$0$0$1,207,304
91$1,419,432$0$0$1,218,990
92$1,430,798$0$0$1,228,357
93$1,439,120$0$0$1,235,058
94$1,443,955$0$0$1,238,707
95$1,444,813$0$0$1,238,875
96$1,441,145$0$0$1,235,085
97$1,432,346$0$0$1,226,808
98$1,417,741$0$0$1,213,459
99$1,396,585$0$0$1,194,385
100$1,368,049$0$0$1,168,867