Can I retire at age 59 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$49,465$49,024$48,594$48,175$47,765$46,686
2 years$24,488$24,031$23,590$23,161$22,745$21,664
3 years$16,163$15,705$15,264$14,839$14,431$13,381
4 years$12,001$11,545$11,108$10,691$10,292$9,282
5 years$9,505$9,051$8,620$8,212$7,824$6,856
6 years$7,841$7,391$6,967$6,567$6,191$5,266
7 years$6,654$6,207$5,789$5,399$5,035$4,154
8 years$5,763$5,320$4,910$4,529$4,177$3,339
9 years$5,071$4,632$4,229$3,858$3,517$2,723
10 years$4,517$4,083$3,687$3,325$2,997$2,244
11 years$4,065$3,635$3,246$2,894$2,578$1,865
12 years$3,688$3,263$2,881$2,539$2,234$1,561
13 years$3,369$2,949$2,574$2,241$1,948$1,313
14 years$3,097$2,680$2,312$1,989$1,707$1,110
15 years$2,860$2,448$2,088$1,774$1,503$942
16 years$2,654$2,246$1,893$1,589$1,329$801
17 years$2,472$2,069$1,722$1,427$1,178$684
18 years$2,310$1,912$1,572$1,286$1,047$584
19 years$2,166$1,772$1,439$1,162$934$501
20 years$2,036$1,646$1,321$1,053$834$429
21 years$1,918$1,533$1,215$955$746$369
22 years$1,812$1,431$1,120$869$669$317
23 years$1,715$1,339$1,034$791$600$273
24 years$1,626$1,254$956$722$540$235
25 years$1,544$1,177$886$659$486$203
26 years$1,469$1,106$821$603$437$175
27 years$1,400$1,041$763$552$394$151
28 years$1,335$981$709$505$356$130
29 years$1,275$926$660$463$321$113
30 years$1,219$874$615$425$290$97
31 years$1,167$826$573$391$263$84
32 years$1,118$782$535$359$237$73
33 years$1,073$740$499$330$215$63
34 years$1,030$702$466$304$195$54
35 years$989$666$436$280$176$47
36 years$951$632$408$257$160$41
37 years$915$600$382$237$145$35
38 years$881$570$358$219$131$30
39 years$849$542$335$202$119$26
40 years$819$516$314$186$108$23
41 years$790$491$294$172$98$20
42 years$763$468$276$158$89$17
43 years$737$446$259$146$81$15
44 years$712$425$243$135$73$13
45 years$688$405$228$125$66$11
46 years$665$386$215$115$60$10
47 years$644$369$202$106$55$8
48 years$623$352$189$98$50$7
49 years$604$336$178$91$45$6
50 years$585$321$167$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $599,000, adding $5,443 every year, while hoping to spend $37,086 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$599,000$599,000$599,000$599,000
59$665,712$633,965$624,681$701,758
60$694,156$625,571$606,149$718,381
61$724,258$615,521$585,752$731,935
62$756,148$603,698$563,391$745,863
63$789,968$589,972$538,958$760,207
64$825,874$574,210$512,342$775,013
65$864,035$556,268$483,427$790,337
66$904,637$535,995$452,092$806,239
67$947,883$513,232$418,211$822,789
68$993,996$487,810$381,650$840,067
69$1,043,219$459,548$342,271$858,161
70$1,095,820$428,259$299,930$877,172
71$1,152,092$393,741$254,475$897,214
72$1,212,355$355,784$205,749$918,415
73$1,276,961$314,164$153,588$940,918
74$1,346,297$268,644$97,819$964,884
75$1,420,786$218,974$38,263$990,497
76$1,500,894$164,892$0$1,017,957
77$1,587,132$106,118$0$1,052,082
78$1,680,060$42,358$0$1,096,243
79$1,780,294$0$0$1,143,815
80$1,888,512$0$0$1,202,205
81$2,005,456$0$0$1,277,432
82$2,131,945$0$0$1,358,838
83$2,268,876$0$0$1,447,008
84$2,417,238$0$0$1,542,583
85$2,578,117$0$0$1,646,267
86$2,752,706$0$0$1,758,837
87$2,942,319$0$0$1,881,146
88$3,148,401$0$0$2,014,132
89$3,372,541$0$0$2,158,828
90$3,616,489$0$0$2,316,368
91$3,882,167$0$0$2,488,005
92$4,171,693$0$0$2,675,112
93$4,487,398$0$0$2,879,204
94$4,831,846$0$0$3,101,947
95$5,207,860$0$0$3,345,175
96$5,618,547$0$0$3,610,908
97$6,067,327$0$0$3,901,368
98$6,557,968$0$0$4,219,003
99$7,094,614$0$0$4,566,507
100$7,681,833$0$0$4,946,847