Can I retire at age 59 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$51,282$50,825$50,379$49,944$49,519$49,228
2 years$25,387$24,914$24,456$24,012$23,581$23,287
3 years$16,757$16,282$15,825$15,384$14,961$14,673
4 years$12,442$11,969$11,516$11,084$10,670$10,391
5 years$9,854$9,384$8,937$8,513$8,111$7,842
6 years$8,129$7,662$7,222$6,808$6,418$6,159
7 years$6,898$6,435$6,002$5,597$5,220$4,970
8 years$5,975$5,516$5,090$4,695$4,330$4,091
9 years$5,257$4,803$4,384$4,000$3,647$3,417
10 years$4,683$4,233$3,822$3,448$3,107$2,888
11 years$4,214$3,769$3,365$3,000$2,672$2,463
12 years$3,824$3,383$2,986$2,632$2,316$2,116
13 years$3,493$3,057$2,668$2,323$2,019$1,828
14 years$3,210$2,779$2,397$2,063$1,770$1,588
15 years$2,965$2,538$2,164$1,839$1,559$1,386
16 years$2,751$2,329$1,962$1,647$1,377$1,213
17 years$2,563$2,145$1,786$1,480$1,221$1,066
18 years$2,395$1,982$1,630$1,334$1,086$938
19 years$2,245$1,837$1,492$1,205$968$828
20 years$2,111$1,707$1,370$1,091$865$732
21 years$1,989$1,590$1,260$991$774$649
22 years$1,879$1,484$1,161$901$694$575
23 years$1,778$1,388$1,072$820$623$511
24 years$1,686$1,300$991$748$560$455
25 years$1,601$1,220$918$683$504$405
26 years$1,523$1,147$852$625$454$361
27 years$1,451$1,079$791$572$409$322
28 years$1,384$1,017$735$524$369$287
29 years$1,322$960$684$480$333$256
30 years$1,264$906$637$441$301$229
31 years$1,210$857$594$405$272$205
32 years$1,160$811$554$372$246$183
33 years$1,112$768$518$342$223$164
34 years$1,068$728$484$315$202$147
35 years$1,026$690$452$290$183$131
36 years$986$655$423$267$166$118
37 years$949$622$396$246$150$105
38 years$914$591$371$227$136$94
39 years$881$562$347$209$123$85
40 years$849$535$326$193$112$76
41 years$819$509$305$178$102$68
42 years$791$485$286$164$92$61
43 years$764$462$269$152$84$55
44 years$738$440$252$140$76$49
45 years$713$420$237$129$69$44
46 years$690$401$222$119$63$39
47 years$668$382$209$110$57$35
48 years$646$365$196$102$52$32
49 years$626$349$185$94$47$28
50 years$606$333$174$87$43$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $621,000, adding $6,196 every year, while hoping to spend $21,282 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: 71/6/23 Blend
58$621,000$621,000$621,000$621,000
59$690,733$657,820$648,195$735,395
60$738,544$667,409$647,265$775,598
61$790,518$676,755$645,592$816,513
62$847,058$685,823$643,126$860,797
63$908,606$694,577$639,819$908,781
64$975,650$702,977$635,618$960,832
65$1,048,724$710,980$630,469$1,017,354
66$1,128,418$718,543$624,315$1,078,791
67$1,215,383$725,618$617,095$1,145,634
68$1,310,331$732,152$608,747$1,218,424
69$1,414,051$738,093$599,206$1,297,758
70$1,527,406$743,382$588,401$1,384,292
71$1,651,351$747,958$576,263$1,478,753
72$1,786,936$751,754$562,714$1,581,939
73$1,935,315$754,702$547,676$1,694,730
74$2,097,761$756,726$531,068$1,818,100
75$2,275,676$757,749$512,802$1,953,117
76$2,470,602$757,686$492,788$2,100,965
77$2,684,239$756,448$470,932$2,262,943
78$2,918,458$753,941$447,135$2,440,487
79$3,175,322$750,065$421,295$2,635,179
80$3,457,100$744,713$393,303$2,848,764
81$3,766,292$737,772$363,047$3,083,163
82$4,105,654$729,123$330,409$3,340,498
83$4,478,220$718,640$295,267$3,623,105
84$4,887,332$706,187$257,492$3,933,561
85$5,336,672$691,622$216,951$4,274,704
86$5,830,296$674,795$173,502$4,649,667
87$6,372,672$655,545$127,000$5,061,900
88$6,968,723$633,705$77,292$5,515,208
89$7,623,870$609,094$24,219$6,013,786
90$8,344,090$581,525$0$6,562,255
91$9,135,963$550,795$0$7,173,669
92$10,006,742$516,695$0$7,852,549
93$10,964,416$478,999$0$8,599,182
94$12,017,787$437,471$0$9,420,440
95$13,176,556$391,861$0$10,323,896
96$14,451,406$341,904$0$11,317,894
97$15,854,113$287,321$0$12,411,628
98$17,397,649$227,816$0$13,615,228
99$19,096,307$163,078$0$14,939,859
100$20,965,838$92,776$0$16,397,823