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%17.3%
1 years$50,621$50,170$49,730$49,301$48,881$47,431
2 years$25,060$24,593$24,141$23,702$23,277$21,827
3 years$16,541$16,072$15,621$15,186$14,768$13,365
4 years$12,282$11,815$11,368$10,941$10,533$9,187
5 years$9,727$9,263$8,822$8,404$8,007$6,722
6 years$8,025$7,564$7,129$6,720$6,335$5,113
7 years$6,809$6,352$5,925$5,525$5,152$3,992
8 years$5,898$5,445$5,025$4,635$4,274$3,175
9 years$5,189$4,741$4,328$3,948$3,600$2,561
10 years$4,623$4,179$3,773$3,403$3,067$2,087
11 years$4,160$3,720$3,322$2,962$2,638$1,715
12 years$3,774$3,339$2,948$2,598$2,286$1,418
13 years$3,448$3,017$2,634$2,294$1,993$1,179
14 years$3,169$2,743$2,366$2,036$1,747$984
15 years$2,927$2,506$2,137$1,816$1,538$825
16 years$2,716$2,299$1,937$1,626$1,360$693
17 years$2,530$2,117$1,763$1,461$1,206$583
18 years$2,364$1,956$1,609$1,316$1,072$492
19 years$2,216$1,813$1,473$1,190$955$416
20 years$2,083$1,685$1,352$1,077$853$352
21 years$1,963$1,569$1,243$978$764$298
22 years$1,854$1,465$1,146$889$685$253
23 years$1,755$1,370$1,058$810$615$215
24 years$1,664$1,284$979$738$552$182
25 years$1,580$1,205$906$674$497$155
26 years$1,503$1,132$841$617$448$132
27 years$1,432$1,066$781$564$404$112
28 years$1,366$1,004$726$517$364$95
29 years$1,305$947$675$474$329$81
30 years$1,248$895$629$435$297$69
31 years$1,194$846$586$400$269$59
32 years$1,145$800$547$367$243$50
33 years$1,098$758$511$338$220$43
34 years$1,054$718$477$311$199$36
35 years$1,013$681$446$286$180$31
36 years$974$647$417$263$163$26
37 years$937$614$391$243$148$22
38 years$902$584$366$224$134$19
39 years$869$555$343$206$122$16
40 years$838$528$321$190$110$14
41 years$809$503$301$176$100$12
42 years$780$479$283$162$91$10
43 years$754$456$265$150$83$9
44 years$728$435$249$138$75$7
45 years$704$415$234$128$68$6
46 years$681$395$220$118$62$5
47 years$659$377$206$109$56$5
48 years$638$360$194$101$51$4
49 years$618$344$182$93$46$3
50 years$599$329$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $613,000, adding $4,499 every year, while hoping to spend $36,717 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: 56/16/28 Blend
58$613,000$613,000$613,000$613,000
59$680,167$647,678$638,176$712,781
60$710,477$640,347$620,489$728,387
61$742,649$631,427$600,978$741,189
62$776,832$620,801$579,544$754,392
63$813,193$608,344$556,083$768,049
64$851,912$593,926$530,485$782,216
65$893,188$577,409$502,637$796,961
66$937,236$558,645$472,418$812,357
67$984,295$537,480$439,705$828,489
68$1,034,626$513,749$404,368$845,454
69$1,088,512$487,277$366,269$863,358
70$1,146,269$457,882$325,267$882,322
71$1,208,238$425,368$281,213$902,484
72$1,274,798$389,530$233,953$923,997
73$1,346,361$350,151$183,324$947,032
74$1,423,382$307,000$129,158$971,783
75$1,506,359$259,836$71,277$998,466
76$1,595,840$208,400$9,497$1,027,321
77$1,692,427$152,424$0$1,058,621
78$1,796,781$91,619$0$1,109,526
79$1,909,629$25,684$0$1,167,637
80$2,031,769$0$0$1,230,554
81$2,164,079$0$0$1,306,807
82$2,307,524$0$0$1,394,426
83$2,463,166$0$0$1,489,543
84$2,632,171$0$0$1,592,879
85$2,815,825$0$0$1,705,223
86$3,015,540$0$0$1,827,448
87$3,232,869$0$0$1,960,511
88$3,469,523$0$0$2,105,467
89$3,727,383$0$0$2,263,474
90$4,008,520$0$0$2,435,811
91$4,315,212$0$0$2,623,882
92$4,649,969$0$0$2,829,235
93$5,015,550$0$0$3,053,571
94$5,414,997$0$0$3,298,767
95$5,851,654$0$0$3,566,884
96$6,329,207$0$0$3,860,197
97$6,851,712$0$0$4,181,206
98$7,423,635$0$0$4,532,667
99$8,049,896$0$0$4,917,614
100$8,735,911$0$0$5,339,388