Can I retire at age 59 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$50,786$50,334$49,892$49,462$49,041$48,169
2 years$25,142$24,673$24,220$23,780$23,353$22,477
3 years$16,595$16,124$15,672$15,236$14,816$13,964
4 years$12,322$11,853$11,405$10,977$10,567$9,745
5 years$9,759$9,293$8,851$8,431$8,033$7,244
6 years$8,051$7,588$7,153$6,742$6,356$5,601
7 years$6,831$6,373$5,944$5,543$5,169$4,448
8 years$5,917$5,463$5,041$4,650$4,288$3,600
9 years$5,206$4,756$4,342$3,961$3,611$2,957
10 years$4,638$4,192$3,785$3,414$3,077$2,455
11 years$4,173$3,732$3,332$2,971$2,646$2,056
12 years$3,787$3,350$2,957$2,606$2,293$1,734
13 years$3,459$3,027$2,642$2,301$2,000$1,471
14 years$3,179$2,752$2,374$2,043$1,753$1,253
15 years$2,937$2,514$2,144$1,822$1,544$1,072
16 years$2,725$2,306$1,943$1,631$1,364$920
17 years$2,538$2,124$1,768$1,466$1,210$792
18 years$2,372$1,963$1,614$1,321$1,075$683
19 years$2,224$1,819$1,478$1,193$959$590
20 years$2,090$1,690$1,356$1,081$856$511
21 years$1,970$1,574$1,248$981$766$443
22 years$1,860$1,470$1,150$892$687$384
23 years$1,761$1,375$1,062$812$617$334
24 years$1,669$1,288$982$741$554$290
25 years$1,586$1,209$909$677$499$253
26 years$1,508$1,136$843$619$449$220
27 years$1,437$1,069$783$566$405$192
28 years$1,371$1,007$728$519$365$167
29 years$1,309$950$678$476$330$146
30 years$1,252$897$631$437$298$127
31 years$1,198$848$588$401$270$111
32 years$1,148$803$549$369$244$97
33 years$1,101$760$513$339$221$85
34 years$1,057$721$479$312$200$74
35 years$1,016$683$448$287$181$65
36 years$977$649$419$264$164$56
37 years$940$616$392$244$149$49
38 years$905$585$367$225$135$43
39 years$872$557$344$207$122$38
40 years$841$530$322$191$111$33
41 years$811$504$302$176$101$29
42 years$783$480$284$163$91$25
43 years$756$458$266$150$83$22
44 years$731$436$250$139$75$19
45 years$706$416$235$128$68$17
46 years$683$397$220$118$62$15
47 years$661$379$207$109$56$13
48 years$640$361$194$101$51$11
49 years$620$345$183$93$46$10
50 years$600$330$172$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $615,000, adding $5,227 every year, while hoping to spend $35,908 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: 59/24/17 Blend
58$615,000$615,000$615,000$615,000
59$683,122$650,527$640,994$720,130
60$714,594$644,197$624,262$739,444
61$748,074$636,353$605,765$756,080
62$783,726$626,884$585,407$773,396
63$821,735$615,670$563,087$791,464
64$862,300$602,585$538,699$810,362
65$905,640$587,498$512,131$830,180
66$951,996$570,265$483,267$851,019
67$1,001,630$550,739$451,987$872,991
68$1,054,831$528,760$418,164$896,222
69$1,111,917$504,162$381,665$920,852
70$1,173,234$476,768$342,353$947,039
71$1,239,165$446,390$300,083$974,959
72$1,310,128$412,832$254,704$1,004,807
73$1,386,583$375,882$206,058$1,036,803
74$1,469,035$335,321$153,982$1,071,190
75$1,558,040$290,915$98,303$1,108,241
76$1,654,206$242,416$38,843$1,148,259
77$1,758,205$189,565$0$1,191,580
78$1,870,773$132,084$0$1,243,045
79$1,992,719$69,684$0$1,306,416
80$2,124,935$2,057$0$1,375,142
81$2,268,399$0$0$1,449,776
82$2,424,187$0$0$1,549,716
83$2,593,485$0$0$1,658,957
84$2,777,596$0$0$1,777,803
85$2,977,952$0$0$1,907,185
86$3,196,132$0$0$2,048,126
87$3,433,870$0$0$2,201,756
88$3,693,077$0$0$2,369,315
89$3,975,856$0$0$2,552,168
90$4,284,519$0$0$2,751,820
91$4,621,615$0$0$2,969,926
92$4,989,946$0$0$3,208,306
93$5,392,601$0$0$3,468,969
94$5,832,977$0$0$3,754,121
95$6,314,818$0$0$4,066,195
96$6,842,242$0$0$4,407,870
97$7,419,788$0$0$4,782,093
98$8,052,453$0$0$5,192,112
99$8,745,738$0$0$5,641,504
100$9,505,705$0$0$6,134,208