Can I retire at age 59 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$51,694$51,234$50,785$50,346$49,918$48,128
2 years$25,591$25,115$24,653$24,205$23,771$21,986
3 years$16,891$16,413$15,952$15,508$15,081$13,359
4 years$12,542$12,065$11,609$11,173$10,756$9,109
5 years$9,934$9,459$9,009$8,582$8,176$6,609
6 years$8,195$7,724$7,281$6,863$6,470$4,983
7 years$6,954$6,487$6,050$5,642$5,262$3,855
8 years$6,023$5,560$5,131$4,733$4,365$3,038
9 years$5,299$4,841$4,419$4,032$3,676$2,426
10 years$4,721$4,267$3,853$3,475$3,132$1,957
11 years$4,248$3,799$3,392$3,025$2,694$1,592
12 years$3,854$3,410$3,010$2,653$2,334$1,303
13 years$3,521$3,081$2,690$2,342$2,036$1,071
14 years$3,236$2,801$2,417$2,079$1,784$884
15 years$2,989$2,559$2,182$1,854$1,571$732
16 years$2,773$2,348$1,978$1,660$1,389$608
17 years$2,583$2,162$1,800$1,492$1,231$506
18 years$2,414$1,998$1,643$1,344$1,095$422
19 years$2,263$1,852$1,504$1,215$976$352
20 years$2,128$1,721$1,381$1,100$872$294
21 years$2,005$1,603$1,270$998$780$246
22 years$1,894$1,496$1,170$908$699$206
23 years$1,792$1,399$1,081$827$628$173
24 years$1,699$1,311$999$754$564$145
25 years$1,614$1,230$926$689$508$122
26 years$1,535$1,156$858$630$457$102
27 years$1,463$1,088$797$576$412$86
28 years$1,395$1,025$741$528$372$72
29 years$1,333$967$690$484$336$60
30 years$1,274$914$642$444$303$51
31 years$1,220$864$599$408$274$43
32 years$1,169$817$559$375$248$36
33 years$1,121$774$522$345$225$30
34 years$1,076$733$487$317$203$25
35 years$1,034$696$456$292$184$21
36 years$994$660$426$269$167$18
37 years$957$627$399$248$151$15
38 years$921$596$374$229$137$13
39 years$888$567$350$211$124$11
40 years$856$539$328$194$113$9
41 years$826$513$308$179$102$8
42 years$797$489$289$165$93$6
43 years$770$466$271$153$84$5
44 years$744$444$254$141$76$4
45 years$719$423$239$130$69$4
46 years$695$404$224$120$63$3
47 years$673$385$211$111$57$3
48 years$651$368$198$103$52$2
49 years$631$351$186$95$47$2
50 years$611$336$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $626,000, adding $2,693 every year, while hoping to spend $31,559 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: 53/23/24 Blend
58$626,000$626,000$626,000$626,000
59$692,630$659,452$649,749$724,603
60$729,700$658,186$637,937$745,686
61$769,493$655,801$624,672$765,140
62$812,254$652,208$609,871$785,657
63$858,251$647,314$593,449$807,350
64$907,779$641,019$575,316$830,346
65$961,161$633,218$555,378$854,785
66$1,018,753$623,799$533,537$880,823
67$1,080,946$612,645$509,690$908,635
68$1,148,168$599,630$483,730$938,414
69$1,220,891$584,622$455,545$970,376
70$1,299,634$567,480$425,018$1,004,761
71$1,384,966$548,056$392,025$1,041,836
72$1,477,515$526,193$356,440$1,081,897
73$1,577,968$501,723$318,128$1,125,274
74$1,687,085$474,472$276,949$1,172,332
75$1,805,699$444,252$232,758$1,223,477
76$1,934,727$410,867$185,402$1,279,160
77$2,075,179$374,110$134,723$1,339,881
78$2,228,165$333,758$80,554$1,406,194
79$2,394,906$289,582$22,721$1,478,713
80$2,576,749$241,334$0$1,558,121
81$2,775,173$188,755$0$1,655,159
82$2,991,808$131,570$0$1,767,535
83$3,228,446$69,492$0$1,890,403
84$3,487,064$2,212$0$2,024,842
85$3,769,833$0$0$2,172,042
86$4,079,149$0$0$2,351,186
87$4,417,645$0$0$2,547,903
88$4,788,225$0$0$2,763,327
89$5,194,083$0$0$2,999,324
90$5,638,738$0$0$3,257,948
91$6,126,066$0$0$3,541,461
92$6,660,336$0$0$3,852,356
93$7,246,247$0$0$4,193,376
94$7,888,978$0$0$4,567,546
95$8,594,231$0$0$4,978,193
96$9,368,288$0$0$5,428,986
97$10,218,069$0$0$5,923,965
98$11,151,195$0$0$6,467,581
99$12,176,063$0$0$7,064,735
100$13,301,921$0$0$7,720,830