Can I retire at age 59 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$51,034$50,579$50,136$49,703$49,280$48,089
2 years$25,264$24,794$24,338$23,896$23,467$22,274
3 years$16,676$16,203$15,748$15,310$14,888$13,731
4 years$12,382$11,911$11,461$11,030$10,618$9,505
5 years$9,807$9,338$8,894$8,472$8,072$7,006
6 years$8,090$7,625$7,188$6,775$6,387$5,370
7 years$6,865$6,404$5,973$5,570$5,194$4,226
8 years$5,946$5,489$5,066$4,673$4,309$3,389
9 years$5,232$4,779$4,363$3,980$3,629$2,757
10 years$4,661$4,213$3,804$3,431$3,092$2,266
11 years$4,194$3,750$3,349$2,986$2,659$1,879
12 years$3,805$3,366$2,972$2,619$2,305$1,568
13 years$3,476$3,042$2,655$2,312$2,010$1,316
14 years$3,195$2,765$2,386$2,053$1,762$1,109
15 years$2,951$2,526$2,154$1,831$1,551$939
16 years$2,738$2,318$1,953$1,639$1,371$796
17 years$2,550$2,134$1,777$1,473$1,215$677
18 years$2,383$1,972$1,622$1,327$1,081$578
19 years$2,234$1,828$1,485$1,199$963$493
20 years$2,100$1,699$1,363$1,086$860$422
21 years$1,979$1,582$1,254$986$770$361
22 years$1,869$1,477$1,155$896$690$310
23 years$1,769$1,381$1,067$816$620$266
24 years$1,678$1,294$987$744$557$228
25 years$1,593$1,215$914$680$501$196
26 years$1,516$1,141$848$622$451$169
27 years$1,444$1,074$787$569$407$145
28 years$1,377$1,012$732$521$367$125
29 years$1,316$955$681$478$332$107
30 years$1,258$902$634$439$300$93
31 years$1,204$853$591$403$271$80
32 years$1,154$807$552$370$245$69
33 years$1,107$764$515$341$222$59
34 years$1,062$724$481$313$201$51
35 years$1,021$687$450$288$182$44
36 years$982$652$421$266$165$38
37 years$944$619$394$245$149$33
38 years$909$588$369$226$135$28
39 years$876$559$346$208$123$24
40 years$845$532$324$192$111$21
41 years$815$507$304$177$101$18
42 years$787$483$285$163$92$16
43 years$760$460$267$151$83$13
44 years$734$438$251$139$76$12
45 years$710$418$236$129$69$10
46 years$687$399$221$119$62$9
47 years$664$380$208$110$57$7
48 years$643$363$195$101$51$6
49 years$623$347$184$94$47$6
50 years$603$331$173$87$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $618,000, adding $2,647 every year, while hoping to spend $41,329 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: 52/28/20 Blend
58$618,000$618,000$618,000$618,000
59$683,766$651,012$641,433$715,425
60$709,537$638,938$618,948$725,429
61$736,551$624,887$594,324$731,794
62$764,891$608,719$567,446$737,834
63$794,648$590,285$538,194$743,534
64$825,921$569,427$506,441$748,876
65$858,815$545,979$472,057$753,847
66$893,447$519,765$434,904$758,431
67$929,942$490,597$394,837$762,619
68$968,439$458,279$351,707$766,398
69$1,009,088$422,603$305,357$769,763
70$1,052,052$383,347$255,623$772,707
71$1,097,509$340,279$202,335$775,230
72$1,145,654$293,152$145,312$777,333
73$1,196,701$241,707$84,370$779,025
74$1,250,881$185,667$19,313$780,318
75$1,308,449$124,743$0$781,229
76$1,369,684$58,628$0$792,480
77$1,434,889$0$0$808,503
78$1,504,399$0$0$829,269
79$1,578,577$0$0$870,743
80$1,657,825$0$0$915,089
81$1,742,581$0$0$962,558
82$1,833,325$0$0$1,013,423
83$1,930,584$0$0$1,067,986
84$2,034,937$0$0$1,126,578
85$2,147,018$0$0$1,189,560
86$2,267,523$0$0$1,257,330
87$2,397,218$0$0$1,330,326
88$2,536,941$0$0$1,409,026
89$2,687,615$0$0$1,493,959
90$2,850,253$0$0$1,585,704
91$3,025,968$0$0$1,684,896
92$3,215,983$0$0$1,792,235
93$3,421,642$0$0$1,908,490
94$3,644,424$0$0$2,034,508
95$3,885,954$0$0$2,171,216
96$4,148,018$0$0$2,319,638
97$4,432,583$0$0$2,480,899
98$4,741,809$0$0$2,656,235
99$5,078,075$0$0$2,847,006
100$5,443,996$0$0$3,054,712