Can I retire at age 59 with 619,000?

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 $619,000?

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$51,116$50,661$50,217$49,783$49,360$47,742
2 years$25,305$24,834$24,377$23,934$23,505$21,890
3 years$16,703$16,229$15,774$15,335$14,912$13,351
4 years$12,402$11,930$11,479$11,048$10,636$9,141
5 years$9,822$9,353$8,908$8,486$8,085$6,660
6 years$8,103$7,638$7,199$6,786$6,397$5,044
7 years$6,876$6,414$5,983$5,579$5,203$3,920
8 years$5,956$5,498$5,074$4,680$4,316$3,103
9 years$5,240$4,787$4,370$3,987$3,635$2,491
10 years$4,668$4,220$3,810$3,437$3,097$2,020
11 years$4,201$3,756$3,354$2,991$2,664$1,651
12 years$3,811$3,372$2,977$2,623$2,308$1,358
13 years$3,482$3,047$2,659$2,316$2,013$1,123
14 years$3,200$2,770$2,390$2,056$1,764$932
15 years$2,956$2,530$2,157$1,833$1,554$777
16 years$2,742$2,321$1,956$1,642$1,373$649
17 years$2,554$2,138$1,780$1,475$1,217$543
18 years$2,387$1,975$1,625$1,329$1,082$455
19 years$2,238$1,831$1,487$1,201$965$383
20 years$2,104$1,701$1,365$1,088$862$322
21 years$1,983$1,585$1,256$987$771$271
22 years$1,872$1,479$1,157$898$691$228
23 years$1,772$1,384$1,069$818$621$192
24 years$1,680$1,296$988$746$558$162
25 years$1,596$1,216$915$681$502$137
26 years$1,518$1,143$849$623$452$116
27 years$1,446$1,076$788$570$408$98
28 years$1,380$1,014$733$522$368$83
29 years$1,318$956$682$479$332$70
30 years$1,260$903$635$439$300$59
31 years$1,206$854$592$404$271$50
32 years$1,156$808$553$371$245$42
33 years$1,109$765$516$341$222$36
34 years$1,064$725$482$314$201$30
35 years$1,022$688$451$289$182$26
36 years$983$653$422$266$165$22
37 years$946$620$395$245$150$18
38 years$911$589$370$226$136$16
39 years$878$560$346$208$123$13
40 years$846$533$324$192$112$11
41 years$816$507$304$177$101$9
42 years$788$483$285$164$92$8
43 years$761$461$268$151$83$7
44 years$735$439$251$139$76$6
45 years$711$419$236$129$69$5
46 years$688$399$222$119$62$4
47 years$665$381$208$110$57$3
48 years$644$364$196$102$51$3
49 years$624$347$184$94$47$2
50 years$604$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $619,000, adding $4,492 every year, while hoping to spend $48,726 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: 80/12/8 Blend
58$619,000$619,000$619,000$619,000
59$686,771$653,964$644,370$740,638
60$704,978$634,165$614,112$756,786
61$723,409$611,762$581,208$767,641
62$742,035$586,576$545,517$778,093
63$760,823$558,419$506,892$788,075
64$779,735$527,090$465,181$797,518
65$798,728$492,377$420,225$806,341
66$817,751$454,056$371,855$814,461
67$836,747$411,890$319,897$821,781
68$855,651$365,629$264,170$828,200
69$874,391$315,009$204,483$833,602
70$892,883$259,749$140,638$837,865
71$911,035$199,554$72,427$840,851
72$928,741$134,113$0$842,412
73$945,884$63,095$0$842,414
74$962,331$0$0$847,247
75$977,935$0$0$852,373
76$992,530$0$0$864,933
77$1,005,932$0$0$876,430
78$1,017,933$0$0$886,682
79$1,028,305$0$0$895,488
80$1,036,790$0$0$902,620
81$1,043,105$0$0$907,828
82$1,046,931$0$0$910,830
83$1,047,917$0$0$911,316
84$1,045,670$0$0$908,941
85$1,039,756$0$0$903,321
86$1,029,694$0$0$894,029
87$1,014,947$0$0$880,596
88$994,923$0$0$862,496
89$968,964$0$0$839,150
90$936,344$0$0$809,917
91$896,256$0$0$774,084
92$847,807$0$0$730,866
93$790,011$0$0$679,391
94$721,774$0$0$618,696
95$641,890$0$0$547,716
96$549,023$0$0$465,271
97$441,695$0$0$370,060
98$318,275$0$0$260,644
99$176,959$0$0$135,432
100$15,755$0$0$0