Can I retire at age 59 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$50,951$50,497$50,055$49,622$49,200$48,849
2 years$25,223$24,754$24,298$23,857$23,429$23,075
3 years$16,649$16,177$15,723$15,285$14,864$14,518
4 years$12,362$11,892$11,442$11,012$10,601$10,266
5 years$9,791$9,323$8,880$8,458$8,059$7,735
6 years$8,077$7,613$7,176$6,764$6,377$6,065
7 years$6,854$6,393$5,963$5,561$5,186$4,887
8 years$5,936$5,480$5,057$4,665$4,302$4,015
9 years$5,223$4,772$4,356$3,974$3,623$3,348
10 years$4,653$4,206$3,798$3,425$3,087$2,824
11 years$4,187$3,744$3,343$2,981$2,655$2,404
12 years$3,799$3,361$2,967$2,615$2,301$2,061
13 years$3,471$3,037$2,651$2,309$2,006$1,778
14 years$3,190$2,761$2,382$2,049$1,759$1,542
15 years$2,946$2,522$2,150$1,828$1,549$1,342
16 years$2,734$2,314$1,950$1,636$1,369$1,173
17 years$2,546$2,131$1,774$1,470$1,213$1,028
18 years$2,380$1,969$1,620$1,325$1,079$903
19 years$2,231$1,825$1,483$1,197$962$795
20 years$2,097$1,696$1,361$1,084$859$702
21 years$1,976$1,580$1,252$984$769$620
22 years$1,866$1,474$1,154$895$689$549
23 years$1,766$1,379$1,065$815$619$487
24 years$1,675$1,292$985$743$556$432
25 years$1,591$1,213$912$679$500$384
26 years$1,513$1,140$846$621$451$341
27 years$1,442$1,072$786$568$406$303
28 years$1,375$1,011$730$520$367$270
29 years$1,313$953$680$477$331$241
30 years$1,256$900$633$438$299$215
31 years$1,202$851$590$402$270$191
32 years$1,152$805$551$370$245$171
33 years$1,105$763$514$340$221$152
34 years$1,061$723$480$313$200$136
35 years$1,019$686$449$288$182$121
36 years$980$651$420$265$164$108
37 years$943$618$393$244$149$97
38 years$908$587$368$225$135$87
39 years$875$559$345$208$123$77
40 years$844$531$323$192$111$69
41 years$814$506$303$177$101$62
42 years$786$482$284$163$92$55
43 years$759$459$267$151$83$49
44 years$733$438$251$139$75$44
45 years$709$417$235$128$68$40
46 years$685$398$221$119$62$35
47 years$663$380$208$110$56$32
48 years$642$363$195$101$51$28
49 years$622$346$183$94$47$25
50 years$602$331$172$86$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $617,000, adding $3,431 every year, while hoping to spend $24,224 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: 64/15/21 Blend
58$617,000$617,000$617,000$617,000
59$683,473$650,772$641,209$723,322
60$727,413$656,886$636,915$756,677
61$775,023$662,487$631,666$790,062
62$826,652$667,526$625,403$825,975
63$882,683$671,947$618,066$864,665
64$943,539$675,694$609,593$906,407
65$1,009,682$678,705$599,917$951,504
66$1,081,624$680,916$588,969$1,000,290
67$1,159,926$682,258$576,676$1,053,136
68$1,245,206$682,656$562,962$1,110,449
69$1,338,145$682,034$547,749$1,172,680
70$1,439,490$680,307$530,952$1,240,325
71$1,550,064$677,389$512,486$1,313,932
72$1,670,776$673,186$492,259$1,394,107
73$1,802,622$667,599$470,177$1,481,517
74$1,946,701$660,523$446,139$1,576,900
75$2,104,223$651,847$420,044$1,681,068
76$2,276,520$641,454$391,781$1,794,919
77$2,465,057$629,217$361,238$1,919,443
78$2,671,449$615,005$328,296$2,055,731
79$2,897,475$598,678$292,832$2,204,989
80$3,145,091$580,088$254,716$2,368,547
81$3,416,455$559,077$213,813$2,547,872
82$3,713,941$535,479$169,983$2,744,581
83$4,040,164$509,119$123,079$2,960,460
84$4,398,005$479,810$72,946$3,197,477
85$4,790,637$447,355$19,425$3,457,806
86$5,221,554$411,548$0$3,743,842
87$5,694,607$372,168$0$4,066,673
88$6,214,035$328,982$0$4,425,962
89$6,784,510$281,746$0$4,820,608
90$7,411,177$230,199$0$5,254,199
91$8,099,706$174,068$0$5,730,690
92$8,856,342$113,063$0$6,254,439
93$9,687,964$46,878$0$6,830,251
94$10,602,152$0$0$7,463,419
95$11,607,257$0$0$8,163,875
96$12,712,479$0$0$8,942,657
97$13,927,954$0$0$9,799,177
98$15,264,850$0$0$10,741,309
99$16,735,470$0$0$11,777,730
100$18,353,372$0$0$12,918,002