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%19.6%
1 years$50,621$50,170$49,730$49,301$48,881$46,998
2 years$25,060$24,593$24,141$23,702$23,277$21,402
3 years$16,541$16,072$15,621$15,186$14,768$12,960
4 years$12,282$11,815$11,368$10,941$10,533$8,806
5 years$9,727$9,263$8,822$8,404$8,007$6,365
6 years$8,025$7,564$7,129$6,720$6,335$4,781
7 years$6,809$6,352$5,925$5,525$5,152$3,684
8 years$5,898$5,445$5,025$4,635$4,274$2,891
9 years$5,189$4,741$4,328$3,948$3,600$2,299
10 years$4,623$4,179$3,773$3,403$3,067$1,847
11 years$4,160$3,720$3,322$2,962$2,638$1,495
12 years$3,774$3,339$2,948$2,598$2,286$1,218
13 years$3,448$3,017$2,634$2,294$1,993$996
14 years$3,169$2,743$2,366$2,036$1,747$819
15 years$2,927$2,506$2,137$1,816$1,538$675
16 years$2,716$2,299$1,937$1,626$1,360$557
17 years$2,530$2,117$1,763$1,461$1,206$461
18 years$2,364$1,956$1,609$1,316$1,072$383
19 years$2,216$1,813$1,473$1,190$955$318
20 years$2,083$1,685$1,352$1,077$853$264
21 years$1,963$1,569$1,243$978$764$220
22 years$1,854$1,465$1,146$889$685$183
23 years$1,755$1,370$1,058$810$615$153
24 years$1,664$1,284$979$738$552$127
25 years$1,580$1,205$906$674$497$106
26 years$1,503$1,132$841$617$448$89
27 years$1,432$1,066$781$564$404$74
28 years$1,366$1,004$726$517$364$62
29 years$1,305$947$675$474$329$52
30 years$1,248$895$629$435$297$43
31 years$1,194$846$586$400$269$36
32 years$1,145$800$547$367$243$30
33 years$1,098$758$511$338$220$25
34 years$1,054$718$477$311$199$21
35 years$1,013$681$446$286$180$18
36 years$974$647$417$263$163$15
37 years$937$614$391$243$148$12
38 years$902$584$366$224$134$10
39 years$869$555$343$206$122$9
40 years$838$528$321$190$110$7
41 years$809$503$301$176$100$6
42 years$780$479$283$162$91$5
43 years$754$456$265$150$83$4
44 years$728$435$249$138$75$4
45 years$704$415$234$128$68$3
46 years$681$395$220$118$62$2
47 years$659$377$206$109$56$2
48 years$638$360$194$101$51$2
49 years$618$344$182$93$46$1
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 $3,017 every year, while hoping to spend $30,094 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: 72/13/15 Blend
58$613,000$613,000$613,000$613,000
59$678,638$646,149$636,648$725,006
60$715,839$645,791$625,955$755,797
61$755,827$644,406$613,897$785,552
62$798,852$641,913$600,393$817,345
63$845,193$638,225$585,364$851,372
64$895,154$633,249$568,725$887,849
65$949,069$626,887$550,387$927,013
66$1,007,305$619,036$530,256$969,129
67$1,070,267$609,585$508,236$1,014,486
68$1,138,397$598,418$484,225$1,063,405
69$1,212,184$585,412$458,118$1,116,239
70$1,292,164$570,434$429,802$1,173,379
71$1,378,927$553,347$399,162$1,235,257
72$1,473,121$534,004$366,077$1,302,348
73$1,575,459$512,250$330,421$1,375,177
74$1,686,726$487,921$292,060$1,454,324
75$1,807,786$460,842$250,857$1,540,429
76$1,939,587$430,831$206,668$1,634,199
77$2,083,175$397,692$159,342$1,736,412
78$2,239,701$361,221$108,722$1,847,930
79$2,410,429$321,200$54,643$1,969,701
80$2,596,754$277,399$0$2,102,773
81$2,800,208$229,577$0$2,248,794
82$3,022,480$177,477$0$2,417,913
83$3,265,428$120,829$0$2,602,812
84$3,531,099$59,346$0$2,805,077
85$3,821,745$0$0$3,026,454
86$4,139,846$0$0$3,269,906
87$4,488,135$0$0$3,545,786
88$4,869,619$0$0$3,847,989
89$5,287,611$0$0$4,179,144
90$5,745,759$0$0$4,542,145
91$6,248,080$0$0$4,940,178
92$6,799,000$0$0$5,376,755
93$7,403,393$0$0$5,855,743
94$8,066,627$0$0$6,381,400
95$8,794,616$0$0$6,958,417
96$9,593,873$0$0$7,591,963
97$10,471,574$0$0$8,287,729
98$11,435,623$0$0$9,051,988
99$12,494,727$0$0$9,891,647
100$13,658,479$0$0$10,814,316