Can I retire at age 59 with 622,000?

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 $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%18.1%
1 years$51,364$50,907$50,460$50,025$49,599$47,973
2 years$25,428$24,954$24,495$24,050$23,619$21,996
3 years$16,783$16,308$15,850$15,409$14,985$13,416
4 years$12,462$11,988$11,535$11,101$10,687$9,185
5 years$9,870$9,399$8,951$8,527$8,124$6,692
6 years$8,143$7,675$7,234$6,819$6,428$5,068
7 years$6,909$6,445$6,012$5,606$5,228$3,939
8 years$5,984$5,525$5,098$4,703$4,337$3,118
9 years$5,266$4,810$4,391$4,006$3,653$2,503
10 years$4,691$4,240$3,828$3,453$3,112$2,030
11 years$4,221$3,775$3,370$3,005$2,677$1,659
12 years$3,830$3,388$2,991$2,636$2,319$1,365
13 years$3,499$3,062$2,672$2,327$2,023$1,128
14 years$3,215$2,783$2,401$2,066$1,773$937
15 years$2,970$2,542$2,168$1,842$1,561$780
16 years$2,756$2,333$1,966$1,650$1,380$652
17 years$2,567$2,148$1,789$1,482$1,223$546
18 years$2,399$1,985$1,633$1,336$1,088$458
19 years$2,249$1,840$1,495$1,207$970$384
20 years$2,114$1,710$1,372$1,093$866$323
21 years$1,992$1,592$1,262$992$775$272
22 years$1,882$1,486$1,163$902$695$229
23 years$1,781$1,390$1,074$822$624$193
24 years$1,688$1,303$993$749$560$163
25 years$1,604$1,222$920$684$504$138
26 years$1,525$1,149$853$626$454$116
27 years$1,453$1,081$792$573$410$98
28 years$1,386$1,019$736$525$370$83
29 years$1,324$961$685$481$334$70
30 years$1,266$908$638$442$302$59
31 years$1,212$858$595$406$273$50
32 years$1,161$812$555$373$247$43
33 years$1,114$769$518$343$223$36
34 years$1,069$729$484$315$202$30
35 years$1,027$691$453$290$183$26
36 years$988$656$424$267$166$22
37 years$951$623$396$246$150$18
38 years$915$592$371$227$136$16
39 years$882$563$348$209$124$13
40 years$850$536$326$193$112$11
41 years$820$510$306$178$102$9
42 years$792$486$287$164$92$8
43 years$765$463$269$152$84$7
44 years$739$441$253$140$76$6
45 years$714$421$237$129$69$5
46 years$691$401$223$120$63$4
47 years$669$383$209$110$57$3
48 years$647$366$197$102$52$3
49 years$627$349$185$94$47$3
50 years$607$333$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $622,000, adding $3,436 every year, while hoping to spend $24,363 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: 52/36/12 Blend
58$622,000$622,000$622,000$622,000
59$688,988$656,022$646,381$722,458
60$733,343$662,245$642,113$751,896
61$781,405$667,957$636,885$781,008
62$833,528$673,106$630,640$812,109
63$890,098$677,638$623,317$845,394
64$951,542$681,497$614,852$881,078
65$1,018,329$684,620$605,179$919,399
66$1,090,975$686,943$594,229$960,618
67$1,170,047$688,395$581,929$1,005,026
68$1,256,171$688,905$568,201$1,052,944
69$1,350,032$688,393$552,968$1,104,726
70$1,452,387$686,777$536,145$1,160,763
71$1,564,069$683,967$517,644$1,221,490
72$1,685,995$679,872$497,376$1,287,383
73$1,819,172$674,391$475,243$1,358,973
74$1,964,711$667,420$451,147$1,436,843
75$2,123,834$658,847$424,984$1,521,639
76$2,297,888$648,553$396,644$1,614,074
77$2,488,355$636,414$366,013$1,714,936
78$2,696,865$622,296$332,973$1,825,095
79$2,925,216$606,060$297,398$1,945,513
80$3,175,388$587,556$259,160$2,077,251
81$3,449,558$566,627$218,123$2,221,482
82$3,750,128$543,107$174,145$2,379,501
83$4,079,740$516,819$127,078$2,552,738
84$4,441,307$487,576$76,768$2,742,771
85$4,838,034$455,181$23,054$2,951,345
86$5,273,455$419,426$0$3,180,384
87$5,751,459$380,090$0$3,436,400
88$6,276,334$336,940$0$3,720,785
89$6,852,799$289,730$0$4,033,199
90$7,486,058$238,199$0$4,376,522
91$8,181,838$182,073$0$4,753,935
92$8,946,452$121,061$0$5,168,943
93$9,786,854$54,857$0$5,625,417
94$10,710,704$0$0$6,127,624
95$11,726,443$0$0$6,686,951
96$12,843,370$0$0$7,325,963
97$14,071,730$0$0$8,028,797
98$15,422,810$0$0$8,801,922
99$16,909,047$0$0$9,652,462
100$18,544,143$0$0$10,588,268