Can I retire at age 59 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,786$50,334$49,892$49,462$49,041$47,759
2 years$25,142$24,673$24,220$23,780$23,353$22,070
3 years$16,595$16,124$15,672$15,236$14,816$13,572
4 years$12,322$11,853$11,405$10,977$10,567$9,372
5 years$9,759$9,293$8,851$8,431$8,033$6,890
6 years$8,051$7,588$7,153$6,742$6,356$5,266
7 years$6,831$6,373$5,944$5,543$5,169$4,133
8 years$5,917$5,463$5,041$4,650$4,288$3,305
9 years$5,206$4,756$4,342$3,961$3,611$2,680
10 years$4,638$4,192$3,785$3,414$3,077$2,196
11 years$4,173$3,732$3,332$2,971$2,646$1,815
12 years$3,787$3,350$2,957$2,606$2,293$1,510
13 years$3,459$3,027$2,642$2,301$2,000$1,263
14 years$3,179$2,752$2,374$2,043$1,753$1,061
15 years$2,937$2,514$2,144$1,822$1,544$894
16 years$2,725$2,306$1,943$1,631$1,364$756
17 years$2,538$2,124$1,768$1,466$1,210$641
18 years$2,372$1,963$1,614$1,321$1,075$544
19 years$2,224$1,819$1,478$1,193$959$463
20 years$2,090$1,690$1,356$1,081$856$395
21 years$1,970$1,574$1,248$981$766$337
22 years$1,860$1,470$1,150$892$687$287
23 years$1,761$1,375$1,062$812$617$246
24 years$1,669$1,288$982$741$554$210
25 years$1,586$1,209$909$677$499$180
26 years$1,508$1,136$843$619$449$154
27 years$1,437$1,069$783$566$405$132
28 years$1,371$1,007$728$519$365$113
29 years$1,309$950$678$476$330$97
30 years$1,252$897$631$437$298$83
31 years$1,198$848$588$401$270$71
32 years$1,148$803$549$369$244$61
33 years$1,101$760$513$339$221$53
34 years$1,057$721$479$312$200$45
35 years$1,016$683$448$287$181$39
36 years$977$649$419$264$164$33
37 years$940$616$392$244$149$29
38 years$905$585$367$225$135$24
39 years$872$557$344$207$122$21
40 years$841$530$322$191$111$18
41 years$811$504$302$176$101$16
42 years$783$480$284$163$91$13
43 years$756$458$266$150$83$11
44 years$731$436$250$139$75$10
45 years$706$416$235$128$68$8
46 years$683$397$220$118$62$7
47 years$661$379$207$109$56$6
48 years$640$361$194$101$51$5
49 years$620$345$183$93$46$5
50 years$600$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $615,000, adding $3,177 every year, while hoping to spend $24,004 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: 36/41/23 Blend
58$615,000$615,000$615,000$615,000
59$681,007$648,412$638,880$700,698
60$724,930$654,644$634,742$721,679
61$772,528$660,377$629,661$741,872
62$824,151$665,561$623,580$763,190
63$880,184$670,143$616,440$785,748
64$941,050$674,067$608,177$809,675
65$1,007,213$677,272$598,727$835,114
66$1,079,185$679,695$588,021$862,224
67$1,157,529$681,267$575,987$891,183
68$1,242,865$681,917$562,550$922,188
69$1,335,874$681,568$547,632$955,456
70$1,437,306$680,138$531,151$991,232
71$1,547,987$677,540$513,021$1,029,786
72$1,668,826$673,684$493,151$1,071,417
73$1,800,824$668,472$471,449$1,116,458
74$1,945,081$661,800$447,816$1,165,278
75$2,102,811$653,560$422,149$1,218,287
76$2,275,347$643,635$394,341$1,275,940
77$2,464,162$631,901$364,281$1,338,740
78$2,670,872$618,230$331,850$1,407,245
79$2,897,261$602,483$296,926$1,482,074
80$3,145,291$584,515$259,383$1,563,914
81$3,417,124$564,169$219,086$1,653,523
82$3,715,141$541,284$175,896$1,751,743
83$4,041,964$515,686$129,667$1,859,504
84$4,400,482$487,191$80,248$1,977,839
85$4,793,874$455,607$27,480$2,107,888
86$5,225,646$420,729$0$2,250,913
87$5,699,656$382,339$0$2,415,389
88$6,220,157$340,210$0$2,603,440
89$6,791,832$294,099$0$2,810,071
90$7,419,840$243,751$0$3,037,218
91$8,109,865$188,896$0$3,287,019
92$8,868,168$129,249$0$3,561,835
93$9,701,648$64,508$0$3,864,273
94$10,617,904$0$0$4,197,211
95$11,625,309$0$0$4,566,372
96$12,733,087$0$0$5,004,412
97$13,951,401$0$0$5,486,260
98$15,291,449$0$0$6,016,354
99$16,765,567$0$0$6,599,589
100$18,387,349$0$0$7,241,356