Can I retire at age 59 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$49,547$49,106$48,676$48,255$47,845$46,444
2 years$24,528$24,072$23,629$23,200$22,783$21,383
3 years$16,190$15,731$15,289$14,864$14,455$13,099
4 years$12,021$11,564$11,127$10,709$10,309$9,009
5 years$9,521$9,066$8,635$8,225$7,837$6,595
6 years$7,855$7,403$6,978$6,578$6,201$5,019
7 years$6,665$6,217$5,799$5,408$5,043$3,921
8 years$5,773$5,329$4,918$4,537$4,184$3,121
9 years$5,079$4,640$4,236$3,864$3,523$2,518
10 years$4,525$4,090$3,693$3,331$3,002$2,054
11 years$4,072$3,641$3,251$2,899$2,582$1,689
12 years$3,694$3,268$2,885$2,543$2,237$1,397
13 years$3,375$2,953$2,578$2,245$1,951$1,163
14 years$3,102$2,685$2,316$1,993$1,710$971
15 years$2,865$2,452$2,091$1,777$1,506$814
16 years$2,658$2,250$1,896$1,591$1,331$684
17 years$2,476$2,072$1,725$1,430$1,180$577
18 years$2,314$1,915$1,575$1,289$1,049$487
19 years$2,169$1,775$1,442$1,164$935$412
20 years$2,039$1,649$1,323$1,054$835$349
21 years$1,922$1,536$1,217$957$748$296
22 years$1,815$1,434$1,122$870$670$251
23 years$1,718$1,341$1,036$792$601$213
24 years$1,629$1,256$958$723$541$181
25 years$1,547$1,179$887$660$486$154
26 years$1,472$1,108$823$604$438$131
27 years$1,402$1,043$764$552$395$112
28 years$1,337$983$710$506$356$95
29 years$1,277$927$661$464$322$81
30 years$1,221$876$616$426$291$69
31 years$1,169$828$574$391$263$59
32 years$1,120$783$536$360$238$50
33 years$1,075$742$500$331$215$43
34 years$1,032$703$467$304$195$36
35 years$991$667$437$280$177$31
36 years$953$633$409$258$160$26
37 years$917$601$382$238$145$23
38 years$883$571$358$219$131$19
39 years$851$543$336$202$119$16
40 years$820$517$315$186$108$14
41 years$791$492$295$172$98$12
42 years$764$468$277$159$89$10
43 years$738$446$260$146$81$9
44 years$713$425$244$135$73$7
45 years$689$406$229$125$67$6
46 years$667$387$215$115$60$5
47 years$645$369$202$107$55$5
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$3
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $600,000, adding $6,572 every year, while hoping to spend $26,531 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: 83/9/8 Blend
58$600,000$600,000$600,000$600,000
59$667,979$636,179$626,879$722,244
60$707,884$639,123$619,651$761,636
61$750,970$641,322$611,291$800,643
62$797,534$642,712$601,734$842,658
63$847,901$643,223$590,911$887,967
64$902,430$642,784$578,749$936,885
65$961,514$641,316$565,173$989,758
66$1,025,586$638,739$550,104$1,046,968
67$1,095,123$634,964$533,460$1,108,936
68$1,170,647$629,899$515,152$1,176,125
69$1,252,735$623,446$495,092$1,249,044
70$1,342,021$615,502$473,185$1,328,257
71$1,439,201$605,955$449,331$1,414,382
72$1,545,043$594,691$423,427$1,508,101
73$1,660,391$581,584$395,365$1,610,166
74$1,786,174$566,504$365,032$1,721,404
75$1,923,413$549,313$332,311$1,842,729
76$2,073,235$529,863$297,077$1,975,146
77$2,236,879$508,000$259,202$2,119,763
78$2,415,707$483,559$218,553$2,277,800
79$2,611,223$456,366$174,987$2,450,603
80$2,825,077$426,238$128,359$2,639,655
81$3,059,092$392,980$78,516$2,846,589
82$3,315,270$356,387$25,297$3,073,207
83$3,595,819$316,242$0$3,321,493
84$3,903,170$272,315$0$3,596,322
85$4,239,999$224,364$0$3,899,895
86$4,609,253$172,132$0$4,232,724
87$5,014,180$115,349$0$4,597,751
88$5,458,355$53,730$0$4,998,222
89$5,945,716$0$0$5,437,708
90$6,480,603$0$0$5,921,440
91$7,067,794$0$0$6,458,328
92$7,712,552$0$0$7,047,864
93$8,420,677$0$0$7,695,352
94$9,198,556$0$0$8,406,636
95$10,053,226$0$0$9,188,151
96$10,992,440$0$0$10,046,988
97$12,024,738$0$0$10,990,957
98$13,159,529$0$0$12,028,666
99$14,407,179$0$0$13,169,595
100$15,779,108$0$0$14,424,190