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%12.9%
1 years$51,777$51,316$50,866$50,427$49,998$49,394
2 years$25,632$25,155$24,692$24,244$23,809$23,200
3 years$16,918$16,439$15,977$15,533$15,105$14,512
4 years$12,562$12,084$11,628$11,191$10,773$10,200
5 years$9,949$9,474$9,023$8,596$8,190$7,637
6 years$8,208$7,736$7,292$6,874$6,480$5,950
7 years$6,965$6,497$6,060$5,651$5,270$4,762
8 years$6,033$5,569$5,139$4,741$4,372$3,886
9 years$5,308$4,849$4,426$4,038$3,682$3,218
10 years$4,729$4,274$3,859$3,481$3,137$2,695
11 years$4,255$3,805$3,397$3,029$2,698$2,277
12 years$3,860$3,415$3,015$2,657$2,338$1,937
13 years$3,527$3,086$2,694$2,346$2,039$1,658
14 years$3,241$2,805$2,420$2,082$1,787$1,427
15 years$2,994$2,563$2,185$1,857$1,574$1,232
16 years$2,778$2,351$1,981$1,663$1,391$1,068
17 years$2,587$2,165$1,803$1,494$1,233$928
18 years$2,418$2,001$1,646$1,346$1,096$808
19 years$2,267$1,854$1,507$1,217$977$706
20 years$2,131$1,723$1,383$1,102$873$617
21 years$2,008$1,605$1,272$1,000$781$541
22 years$1,897$1,498$1,172$909$700$474
23 years$1,795$1,401$1,082$828$629$417
24 years$1,702$1,313$1,001$755$565$366
25 years$1,617$1,232$927$690$508$322
26 years$1,538$1,158$860$631$458$284
27 years$1,465$1,090$798$577$413$250
28 years$1,397$1,027$742$529$373$221
29 years$1,335$969$691$485$336$195
30 years$1,276$915$643$445$304$172
31 years$1,222$865$600$409$275$152
32 years$1,171$818$560$376$249$134
33 years$1,123$775$523$346$225$118
34 years$1,078$735$488$318$204$105
35 years$1,036$697$456$293$184$93
36 years$996$661$427$270$167$82
37 years$958$628$400$248$151$72
38 years$923$597$374$229$137$64
39 years$889$568$351$211$125$57
40 years$857$540$329$195$113$50
41 years$827$514$308$180$102$44
42 years$798$490$289$166$93$39
43 years$771$466$271$153$84$35
44 years$745$445$255$141$77$31
45 years$720$424$239$130$70$27
46 years$697$404$225$121$63$24
47 years$674$386$211$111$57$21
48 years$652$368$198$103$52$19
49 years$632$352$186$95$47$17
50 years$612$336$175$88$43$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $627,000, adding $6,650 every year, while hoping to spend $44,184 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: 39/33/28 Blend
58$627,000$627,000$627,000$627,000
59$697,813$664,582$654,864$719,021
60$721,979$650,136$629,790$720,670
61$747,129$633,500$602,396$717,889
62$773,316$614,522$572,557$714,039
63$800,599$593,038$540,142$709,050
64$829,039$568,876$505,016$702,851
65$858,704$541,854$467,037$695,365
66$889,665$511,778$426,056$686,514
67$922,001$478,445$381,919$676,217
68$955,795$441,639$334,463$664,387
69$991,138$401,131$283,520$650,936
70$1,028,129$356,681$228,912$635,772
71$1,066,873$308,034$170,456$618,799
72$1,107,486$254,919$107,958$599,918
73$1,150,094$197,054$41,218$579,026
74$1,194,830$134,137$0$556,016
75$1,241,845$65,851$0$539,744
76$1,291,296$0$0$534,855
77$1,343,359$0$0$531,931
78$1,398,224$0$0$554,081
79$1,456,097$0$0$577,477
80$1,517,203$0$0$602,218
81$1,581,789$0$0$628,405
82$1,650,122$0$0$656,154
83$1,722,495$0$0$685,588
84$1,799,229$0$0$716,843
85$1,880,671$0$0$750,068
86$1,967,206$0$0$785,425
87$2,059,250$0$0$823,093
88$2,157,262$0$0$863,265
89$2,261,741$0$0$906,156
90$2,373,238$0$0$951,999
91$2,492,352$0$0$1,001,051
92$2,619,743$0$0$1,053,593
93$2,756,132$0$0$1,109,932
94$2,902,313$0$0$1,170,408
95$3,059,153$0$0$1,235,390
96$3,227,606$0$0$1,305,288
97$3,408,718$0$0$1,380,547
98$3,603,639$0$0$1,461,660
99$3,813,629$0$0$1,549,166
100$4,040,074$0$0$1,643,657