Can I retire at age 59 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$50,951$50,497$50,055$49,622$49,200$48,870
2 years$25,223$24,754$24,298$23,857$23,429$23,095
3 years$16,649$16,177$15,723$15,285$14,864$14,538
4 years$12,362$11,892$11,442$11,012$10,601$10,285
5 years$9,791$9,323$8,880$8,458$8,059$7,754
6 years$8,077$7,613$7,176$6,764$6,377$6,083
7 years$6,854$6,393$5,963$5,561$5,186$4,904
8 years$5,936$5,480$5,057$4,665$4,302$4,032
9 years$5,223$4,772$4,356$3,974$3,623$3,364
10 years$4,653$4,206$3,798$3,425$3,087$2,839
11 years$4,187$3,744$3,343$2,981$2,655$2,418
12 years$3,799$3,361$2,967$2,615$2,301$2,075
13 years$3,471$3,037$2,651$2,309$2,006$1,791
14 years$3,190$2,761$2,382$2,049$1,759$1,554
15 years$2,946$2,522$2,150$1,828$1,549$1,354
16 years$2,734$2,314$1,950$1,636$1,369$1,184
17 years$2,546$2,131$1,774$1,470$1,213$1,038
18 years$2,380$1,969$1,620$1,325$1,079$913
19 years$2,231$1,825$1,483$1,197$962$804
20 years$2,097$1,696$1,361$1,084$859$710
21 years$1,976$1,580$1,252$984$769$628
22 years$1,866$1,474$1,154$895$689$557
23 years$1,766$1,379$1,065$815$619$494
24 years$1,675$1,292$985$743$556$438
25 years$1,591$1,213$912$679$500$390
26 years$1,513$1,140$846$621$451$347
27 years$1,442$1,072$786$568$406$309
28 years$1,375$1,011$730$520$367$275
29 years$1,313$953$680$477$331$245
30 years$1,256$900$633$438$299$219
31 years$1,202$851$590$402$270$195
32 years$1,152$805$551$370$245$174
33 years$1,105$763$514$340$221$156
34 years$1,061$723$480$313$200$139
35 years$1,019$686$449$288$182$124
36 years$980$651$420$265$164$111
37 years$943$618$393$244$149$99
38 years$908$587$368$225$135$89
39 years$875$559$345$208$123$80
40 years$844$531$323$192$111$71
41 years$814$506$303$177$101$64
42 years$786$482$284$163$92$57
43 years$759$459$267$151$83$51
44 years$733$438$251$139$75$46
45 years$709$417$235$128$68$41
46 years$685$398$221$119$62$37
47 years$663$380$208$110$56$33
48 years$642$363$195$101$51$29
49 years$622$346$183$94$47$26
50 years$602$331$172$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $617,000, adding $5,450 every year, while hoping to spend $39,515 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: 77/10/13 Blend
58$617,000$617,000$617,000$617,000
59$685,556$652,855$643,291$736,142
60$713,439$642,801$622,798$760,178
61$742,841$630,930$600,293$780,975
62$773,877$617,112$575,669$802,672
63$806,669$601,207$548,811$825,344
64$841,353$583,069$519,599$849,075
65$878,075$562,543$487,910$873,956
66$916,996$539,466$453,612$900,089
67$958,292$513,662$416,570$927,586
68$1,002,154$484,948$376,642$956,573
69$1,048,793$453,129$333,679$987,187
70$1,098,439$418,001$287,526$1,019,581
71$1,151,342$379,346$238,021$1,053,924
72$1,207,779$336,934$184,994$1,090,403
73$1,268,050$290,522$128,270$1,129,225
74$1,332,488$239,854$67,663$1,170,619
75$1,401,453$184,658$2,981$1,214,838
76$1,475,344$124,649$0$1,262,163
77$1,554,597$59,525$0$1,322,065
78$1,639,690$0$0$1,386,764
79$1,731,148$0$0$1,457,469
80$1,829,546$0$0$1,540,603
81$1,935,520$0$0$1,630,152
82$2,049,762$0$0$1,726,706
83$2,173,036$0$0$1,830,913
84$2,306,182$0$0$1,943,483
85$2,450,121$0$0$2,065,199
86$2,605,866$0$0$2,196,919
87$2,774,531$0$0$2,339,588
88$2,957,339$0$0$2,494,245
89$3,155,639$0$0$2,662,032
90$3,370,909$0$0$2,844,204
91$3,604,778$0$0$3,042,144
92$3,859,039$0$0$3,257,369
93$4,135,661$0$0$3,491,553
94$4,436,813$0$0$3,746,534
95$4,764,881$0$0$4,024,338
96$5,122,491$0$0$4,327,190
97$5,512,532$0$0$4,657,543
98$5,938,185$0$0$5,018,094
99$6,402,951$0$0$5,411,815
100$6,910,683$0$0$5,841,974