Can I retire at age 59 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$51,777$51,316$50,866$50,427$49,998$48,456
2 years$25,632$25,155$24,692$24,244$23,809$22,268
3 years$16,918$16,439$15,977$15,533$15,105$13,615
4 years$12,562$12,084$11,628$11,191$10,773$9,345
5 years$9,949$9,474$9,023$8,596$8,190$6,827
6 years$8,208$7,736$7,292$6,874$6,480$5,184
7 years$6,965$6,497$6,060$5,651$5,270$4,041
8 years$6,033$5,569$5,139$4,741$4,372$3,208
9 years$5,308$4,849$4,426$4,038$3,682$2,583
10 years$4,729$4,274$3,859$3,481$3,137$2,101
11 years$4,255$3,805$3,397$3,029$2,698$1,723
12 years$3,860$3,415$3,015$2,657$2,338$1,422
13 years$3,527$3,086$2,694$2,346$2,039$1,180
14 years$3,241$2,805$2,420$2,082$1,787$983
15 years$2,994$2,563$2,185$1,857$1,574$822
16 years$2,778$2,351$1,981$1,663$1,391$689
17 years$2,587$2,165$1,803$1,494$1,233$579
18 years$2,418$2,001$1,646$1,346$1,096$487
19 years$2,267$1,854$1,507$1,217$977$411
20 years$2,131$1,723$1,383$1,102$873$347
21 years$2,008$1,605$1,272$1,000$781$293
22 years$1,897$1,498$1,172$909$700$248
23 years$1,795$1,401$1,082$828$629$210
24 years$1,702$1,313$1,001$755$565$178
25 years$1,617$1,232$927$690$508$151
26 years$1,538$1,158$860$631$458$128
27 years$1,465$1,090$798$577$413$108
28 years$1,397$1,027$742$529$373$92
29 years$1,335$969$691$485$336$78
30 years$1,276$915$643$445$304$66
31 years$1,222$865$600$409$275$56
32 years$1,171$818$560$376$249$48
33 years$1,123$775$523$346$225$41
34 years$1,078$735$488$318$204$35
35 years$1,036$697$456$293$184$29
36 years$996$661$427$270$167$25
37 years$958$628$400$248$151$21
38 years$923$597$374$229$137$18
39 years$889$568$351$211$125$15
40 years$857$540$329$195$113$13
41 years$827$514$308$180$102$11
42 years$798$490$289$166$93$9
43 years$771$466$271$153$84$8
44 years$745$445$255$141$77$7
45 years$720$424$239$130$70$6
46 years$697$404$225$121$63$5
47 years$674$386$211$111$57$4
48 years$652$368$198$103$52$4
49 years$632$352$186$95$47$3
50 years$612$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $627,000, adding $6,804 every year, while hoping to spend $45,160 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: 61/23/16 Blend
58$627,000$627,000$627,000$627,000
59$697,972$664,741$655,023$737,334
60$721,116$649,264$628,916$749,183
61$745,106$631,514$600,421$756,434
62$769,982$611,334$569,411$763,283
63$795,785$588,554$535,751$769,693
64$822,559$562,997$499,302$775,629
65$850,350$534,474$459,919$781,051
66$879,209$502,786$417,449$785,922
67$909,187$467,722$371,733$790,198
68$940,344$429,059$322,606$793,839
69$972,738$386,563$269,892$796,798
70$1,006,436$339,983$213,412$799,030
71$1,041,506$289,056$152,976$800,487
72$1,078,026$233,505$88,386$801,121
73$1,116,074$173,037$19,436$800,880
74$1,155,738$107,340$0$799,712
75$1,197,111$36,087$0$806,809
76$1,240,293$0$0$817,014
77$1,285,395$0$0$837,384
78$1,332,532$0$0$868,230
79$1,381,833$0$0$900,504
80$1,433,433$0$0$934,297
81$1,487,483$0$0$969,707
82$1,544,142$0$0$1,006,843
83$1,603,586$0$0$1,045,821
84$1,666,005$0$0$1,086,768
85$1,731,604$0$0$1,129,820
86$1,800,608$0$0$1,175,129
87$1,873,260$0$0$1,222,856
88$1,949,825$0$0$1,273,179
89$2,030,594$0$0$1,326,291
90$2,115,880$0$0$1,382,402
91$2,206,028$0$0$1,441,743
92$2,301,412$0$0$1,504,565
93$2,402,442$0$0$1,571,141
94$2,509,565$0$0$1,641,771
95$2,623,270$0$0$1,716,781
96$2,744,092$0$0$1,796,531
97$2,872,614$0$0$1,881,411
98$3,009,477$0$0$1,971,850
99$3,155,382$0$0$2,068,318
100$3,311,096$0$0$2,171,329