Can I retire at age 59 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$51,612$51,152$50,704$50,266$49,838$48,932
2 years$25,550$25,075$24,613$24,166$23,733$22,823
3 years$16,864$16,387$15,927$15,484$15,057$14,172
4 years$12,522$12,046$11,590$11,155$10,739$9,885
5 years$9,918$9,444$8,995$8,568$8,163$7,344
6 years$8,182$7,712$7,269$6,852$6,459$5,675
7 years$6,942$6,476$6,041$5,633$5,253$4,504
8 years$6,013$5,551$5,123$4,726$4,358$3,644
9 years$5,291$4,834$4,412$4,025$3,670$2,991
10 years$4,714$4,261$3,847$3,470$3,127$2,482
11 years$4,241$3,793$3,387$3,020$2,689$2,077
12 years$3,848$3,404$3,006$2,649$2,331$1,751
13 years$3,516$3,076$2,685$2,338$2,032$1,484
14 years$3,231$2,796$2,413$2,076$1,782$1,264
15 years$2,984$2,555$2,178$1,851$1,569$1,080
16 years$2,769$2,344$1,975$1,658$1,386$926
17 years$2,579$2,159$1,797$1,489$1,229$797
18 years$2,410$1,995$1,641$1,342$1,093$687
19 years$2,260$1,849$1,502$1,213$974$593
20 years$2,124$1,718$1,378$1,098$870$513
21 years$2,002$1,600$1,268$997$779$444
22 years$1,891$1,494$1,168$906$698$385
23 years$1,789$1,397$1,079$825$627$334
24 years$1,697$1,309$998$753$563$291
25 years$1,611$1,228$924$688$507$253
26 years$1,533$1,154$857$629$456$220
27 years$1,460$1,086$796$575$412$191
28 years$1,393$1,024$740$527$371$167
29 years$1,330$966$689$483$335$145
30 years$1,272$912$641$444$303$127
31 years$1,218$862$598$408$274$111
32 years$1,167$816$558$375$248$96
33 years$1,119$773$521$344$224$84
34 years$1,074$732$487$317$203$73
35 years$1,032$695$455$292$184$64
36 years$993$659$426$269$167$56
37 years$955$626$398$248$151$49
38 years$920$595$373$228$137$43
39 years$886$566$350$210$124$37
40 years$854$538$328$194$113$33
41 years$824$512$307$179$102$28
42 years$796$488$288$165$93$25
43 years$768$465$270$153$84$22
44 years$743$443$254$141$76$19
45 years$718$423$238$130$69$17
46 years$694$403$224$120$63$14
47 years$672$385$210$111$57$13
48 years$650$367$198$103$52$11
49 years$630$351$186$95$47$10
50 years$610$335$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $625,000, adding $2,640 every year, while hoping to spend $32,411 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: 68/6/26 Blend
58$625,000$625,000$625,000$625,000
59$691,473$658,348$648,661$733,680
60$727,518$656,122$635,906$760,137
61$766,154$652,701$621,637$785,128
62$807,610$647,991$605,770$811,724
63$852,138$641,895$588,216$840,085
64$900,017$634,308$568,881$870,387
65$951,549$625,120$547,669$902,824
66$1,007,069$614,213$524,478$937,613
67$1,066,943$601,463$499,202$974,992
68$1,131,575$586,738$471,729$1,015,225
69$1,201,407$569,900$441,943$1,058,604
70$1,276,927$550,801$409,724$1,105,452
71$1,358,668$529,284$374,944$1,156,125
72$1,447,218$505,185$337,471$1,211,019
73$1,543,225$478,330$297,167$1,270,569
74$1,647,398$448,533$253,886$1,335,259
75$1,760,520$415,599$207,479$1,405,622
76$1,883,452$379,321$157,788$1,482,246
77$2,017,137$339,481$104,648$1,565,782
78$2,162,619$295,849$47,887$1,656,951
79$2,321,041$248,181$0$1,756,546
80$2,493,664$196,218$0$1,868,966
81$2,681,874$139,690$0$2,006,066
82$2,887,199$78,308$0$2,155,674
83$3,111,317$11,770$0$2,319,028
84$3,356,079$0$0$2,497,494
85$3,623,520$0$0$2,696,553
86$3,915,881$0$0$2,915,046
87$4,235,630$0$0$3,154,043
88$4,585,483$0$0$3,415,580
89$4,968,433$0$0$3,701,899
90$5,387,774$0$0$4,015,467
91$5,847,133$0$0$4,359,002
92$6,350,506$0$0$4,735,497
93$6,902,292$0$0$5,148,249
94$7,507,337$0$0$5,600,888
95$8,170,979$0$0$6,097,413
96$8,899,096$0$0$6,642,228
97$9,698,163$0$0$7,240,185
98$10,575,312$0$0$7,896,629
99$11,538,401$0$0$8,617,444
100$12,596,084$0$0$9,409,117