Can I retire at age 59 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$51,364$50,907$50,460$50,025$49,599$49,102
2 years$25,428$24,954$24,495$24,050$23,619$23,118
3 years$16,783$16,308$15,850$15,409$14,985$14,495
4 years$12,462$11,988$11,535$11,101$10,687$10,214
5 years$9,870$9,399$8,951$8,527$8,124$7,668
6 years$8,143$7,675$7,234$6,819$6,428$5,990
7 years$6,909$6,445$6,012$5,606$5,228$4,807
8 years$5,984$5,525$5,098$4,703$4,337$3,934
9 years$5,266$4,810$4,391$4,006$3,653$3,267
10 years$4,691$4,240$3,828$3,453$3,112$2,744
11 years$4,221$3,775$3,370$3,005$2,677$2,326
12 years$3,830$3,388$2,991$2,636$2,319$1,986
13 years$3,499$3,062$2,672$2,327$2,023$1,705
14 years$3,215$2,783$2,401$2,066$1,773$1,472
15 years$2,970$2,542$2,168$1,842$1,561$1,275
16 years$2,756$2,333$1,966$1,650$1,380$1,109
17 years$2,567$2,148$1,789$1,482$1,223$967
18 years$2,399$1,985$1,633$1,336$1,088$846
19 years$2,249$1,840$1,495$1,207$970$741
20 years$2,114$1,710$1,372$1,093$866$651
21 years$1,992$1,592$1,262$992$775$572
22 years$1,882$1,486$1,163$902$695$504
23 years$1,781$1,390$1,074$822$624$444
24 years$1,688$1,303$993$749$560$392
25 years$1,604$1,222$920$684$504$346
26 years$1,525$1,149$853$626$454$306
27 years$1,453$1,081$792$573$410$271
28 years$1,386$1,019$736$525$370$240
29 years$1,324$961$685$481$334$212
30 years$1,266$908$638$442$302$188
31 years$1,212$858$595$406$273$167
32 years$1,161$812$555$373$247$148
33 years$1,114$769$518$343$223$131
34 years$1,069$729$484$315$202$117
35 years$1,027$691$453$290$183$104
36 years$988$656$424$267$166$92
37 years$951$623$396$246$150$82
38 years$915$592$371$227$136$73
39 years$882$563$348$209$124$64
40 years$850$536$326$193$112$57
41 years$820$510$306$178$102$51
42 years$792$486$287$164$92$45
43 years$765$463$269$152$84$40
44 years$739$441$253$140$76$36
45 years$714$421$237$129$69$32
46 years$691$401$223$120$63$28
47 years$669$383$209$110$57$25
48 years$647$366$197$102$52$22
49 years$627$349$185$94$47$20
50 years$607$333$174$87$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $622,000, adding $4,050 every year, while hoping to spend $38,632 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: 63/15/22 Blend
58$622,000$622,000$622,000$622,000
59$689,622$656,656$647,015$728,883
60$718,859$647,728$627,585$746,935
61$749,783$637,067$606,211$761,970
62$782,527$624,549$582,784$777,512
63$817,233$610,040$557,195$793,614
64$854,057$593,399$529,328$810,337
65$893,172$574,476$499,062$827,750
66$934,765$553,115$466,269$845,928
67$979,040$529,147$430,819$864,958
68$1,026,223$502,396$392,572$884,937
69$1,076,559$472,674$351,385$905,973
70$1,130,318$439,785$307,106$928,188
71$1,187,794$403,519$259,578$951,718
72$1,249,312$363,654$208,637$976,716
73$1,315,226$319,957$154,110$1,003,353
74$1,385,926$272,182$95,820$1,031,819
75$1,461,838$220,067$33,577$1,062,327
76$1,543,432$163,336$0$1,095,116
77$1,631,221$101,699$0$1,138,160
78$1,725,771$34,848$0$1,192,958
79$1,827,703$0$0$1,251,999
80$1,937,698$0$0$1,321,898
81$2,056,504$0$0$1,403,644
82$2,184,945$0$0$1,492,057
83$2,323,926$0$0$1,587,762
84$2,474,440$0$0$1,691,451
85$2,637,582$0$0$1,803,880
86$2,814,552$0$0$1,925,883
87$3,006,673$0$0$2,058,379
88$3,215,399$0$0$2,202,374
89$3,442,330$0$0$2,358,980
90$3,689,225$0$0$2,529,416
91$3,958,020$0$0$2,715,026
92$4,250,846$0$0$2,917,288
93$4,570,047$0$0$3,137,828
94$4,918,203$0$0$3,378,438
95$5,298,155$0$0$3,641,087
96$5,713,028$0$0$3,927,944
97$6,166,263$0$0$4,241,399
98$6,661,650$0$0$4,584,078
99$7,203,358$0$0$4,958,879
100$7,795,981$0$0$5,368,986