Can I retire at age 59 with 613,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.1%
1 years$50,621$50,170$49,730$49,301$48,881$47,279
2 years$25,060$24,593$24,141$23,702$23,277$21,678
3 years$16,541$16,072$15,621$15,186$14,768$13,222
4 years$12,282$11,815$11,368$10,941$10,533$9,052
5 years$9,727$9,263$8,822$8,404$8,007$6,596
6 years$8,025$7,564$7,129$6,720$6,335$4,995
7 years$6,809$6,352$5,925$5,525$5,152$3,882
8 years$5,898$5,445$5,025$4,635$4,274$3,073
9 years$5,189$4,741$4,328$3,948$3,600$2,467
10 years$4,623$4,179$3,773$3,403$3,067$2,000
11 years$4,160$3,720$3,322$2,962$2,638$1,635
12 years$3,774$3,339$2,948$2,598$2,286$1,345
13 years$3,448$3,017$2,634$2,294$1,993$1,112
14 years$3,169$2,743$2,366$2,036$1,747$923
15 years$2,927$2,506$2,137$1,816$1,538$769
16 years$2,716$2,299$1,937$1,626$1,360$642
17 years$2,530$2,117$1,763$1,461$1,206$538
18 years$2,364$1,956$1,609$1,316$1,072$451
19 years$2,216$1,813$1,473$1,190$955$379
20 years$2,083$1,685$1,352$1,077$853$319
21 years$1,963$1,569$1,243$978$764$268
22 years$1,854$1,465$1,146$889$685$226
23 years$1,755$1,370$1,058$810$615$191
24 years$1,664$1,284$979$738$552$161
25 years$1,580$1,205$906$674$497$136
26 years$1,503$1,132$841$617$448$115
27 years$1,432$1,066$781$564$404$97
28 years$1,366$1,004$726$517$364$82
29 years$1,305$947$675$474$329$69
30 years$1,248$895$629$435$297$59
31 years$1,194$846$586$400$269$50
32 years$1,145$800$547$367$243$42
33 years$1,098$758$511$338$220$35
34 years$1,054$718$477$311$199$30
35 years$1,013$681$446$286$180$25
36 years$974$647$417$263$163$22
37 years$937$614$391$243$148$18
38 years$902$584$366$224$134$15
39 years$869$555$343$206$122$13
40 years$838$528$321$190$110$11
41 years$809$503$301$176$100$9
42 years$780$479$283$162$91$8
43 years$754$456$265$150$83$7
44 years$728$435$249$138$75$6
45 years$704$415$234$128$68$5
46 years$681$395$220$118$62$4
47 years$659$377$206$109$56$3
48 years$638$360$194$101$51$3
49 years$618$344$182$93$46$2
50 years$599$329$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 $613,000, adding $5,331 every year, while hoping to spend $48,864 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: 61/14/25 Blend
58$613,000$613,000$613,000$613,000
59$681,025$648,536$639,034$717,727
60$698,499$628,323$608,451$723,056
61$716,117$605,482$575,206$723,082
62$733,843$579,833$539,157$722,047
63$751,634$551,185$500,158$719,859
64$769,443$519,335$458,056$716,414
65$787,214$484,070$412,689$711,603
66$804,886$445,165$363,890$705,308
67$822,387$402,382$311,483$697,402
68$839,639$355,467$255,286$687,747
69$856,552$304,154$195,107$676,194
70$873,024$248,162$130,748$662,583
71$888,944$187,193$61,999$646,740
72$904,184$120,933$0$628,479
73$918,602$49,050$0$610,629
74$932,040$0$0$607,785
75$944,320$0$0$607,655
76$955,245$0$0$614,144
77$964,595$0$0$619,547
78$972,123$0$0$623,698
79$977,557$0$0$626,413
80$980,594$0$0$627,487
81$980,894$0$0$626,691
82$978,085$0$0$623,772
83$971,748$0$0$618,451
84$961,423$0$0$610,415
85$946,598$0$0$599,318
86$926,704$0$0$584,780
87$901,113$0$0$566,375
88$869,128$0$0$543,634
89$829,977$0$0$516,037
90$782,808$0$0$483,009
91$726,675$0$0$443,914
92$660,533$0$0$398,048
93$583,226$0$0$344,633
94$493,476$0$0$282,807
95$389,871$0$0$211,621
96$270,849$0$0$130,022
97$134,685$0$0$36,851
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0