Can I retire at age 59 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$51,860$51,398$50,947$50,507$50,078$48,689
2 years$25,673$25,195$24,732$24,282$23,846$22,458
3 years$16,945$16,465$16,003$15,558$15,129$13,784
4 years$12,582$12,104$11,646$11,209$10,790$9,499
5 years$9,965$9,489$9,038$8,609$8,203$6,969
6 years$8,221$7,749$7,304$6,885$6,490$5,315
7 years$6,976$6,507$6,070$5,660$5,278$4,162
8 years$6,042$5,578$5,147$4,748$4,379$3,320
9 years$5,316$4,857$4,434$4,045$3,688$2,686
10 years$4,736$4,281$3,865$3,486$3,142$2,196
11 years$4,262$3,811$3,403$3,034$2,702$1,810
12 years$3,867$3,421$3,020$2,661$2,342$1,502
13 years$3,533$3,091$2,698$2,350$2,042$1,253
14 years$3,247$2,810$2,424$2,086$1,790$1,049
15 years$2,999$2,567$2,189$1,860$1,576$882
16 years$2,782$2,355$1,984$1,666$1,393$744
17 years$2,591$2,169$1,806$1,496$1,235$629
18 years$2,422$2,004$1,648$1,349$1,098$532
19 years$2,271$1,857$1,509$1,219$979$452
20 years$2,134$1,726$1,385$1,104$874$384
21 years$2,011$1,608$1,274$1,002$782$326
22 years$1,900$1,501$1,174$911$701$278
23 years$1,798$1,404$1,084$829$630$237
24 years$1,705$1,315$1,003$756$566$202
25 years$1,619$1,234$929$691$509$172
26 years$1,540$1,160$861$632$459$147
27 years$1,467$1,092$800$578$414$125
28 years$1,400$1,029$743$530$373$107
29 years$1,337$970$692$486$337$92
30 years$1,278$916$644$446$304$78
31 years$1,224$866$601$409$275$67
32 years$1,173$820$561$376$249$57
33 years$1,125$776$523$346$225$49
34 years$1,080$736$489$318$204$42
35 years$1,037$698$457$293$185$36
36 years$997$662$428$270$167$31
37 years$960$629$400$249$152$26
38 years$924$598$375$229$138$22
39 years$890$569$351$211$125$19
40 years$859$541$329$195$113$16
41 years$828$515$309$180$103$14
42 years$800$490$290$166$93$12
43 years$772$467$272$153$85$10
44 years$746$445$255$141$77$9
45 years$721$425$239$131$70$8
46 years$698$405$225$121$63$6
47 years$675$387$211$112$57$6
48 years$654$369$199$103$52$5
49 years$633$352$187$95$47$4
50 years$613$337$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 $628,000, adding $4,010 every year, while hoping to spend $31,342 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: 73/12/15 Blend
58$628,000$628,000$628,000$628,000
59$696,192$662,908$653,174$744,411
60$733,856$662,043$641,708$776,024
61$774,312$660,085$628,807$806,411
62$817,810$656,948$614,391$838,867
63$864,627$652,539$598,373$873,587
64$915,067$646,761$580,667$910,789
65$969,462$639,511$561,178$950,716
66$1,028,179$630,679$539,809$993,632
67$1,091,620$620,149$516,459$1,039,830
68$1,160,227$607,798$491,022$1,089,635
69$1,234,485$593,495$463,387$1,143,403
70$1,314,930$577,103$433,437$1,201,529
71$1,402,146$558,475$401,051$1,264,449
72$1,496,782$537,457$366,103$1,332,642
73$1,599,546$513,885$328,460$1,406,639
74$1,711,221$487,586$287,984$1,487,025
75$1,832,664$458,377$244,530$1,574,447
76$1,964,822$426,063$197,948$1,669,616
77$2,108,735$390,441$148,080$1,773,321
78$2,265,547$351,294$94,762$1,886,428
79$2,436,518$308,393$37,822$2,009,897
80$2,623,034$261,496$0$2,144,783
81$2,826,622$210,347$0$2,295,927
82$3,048,961$154,678$0$2,467,642
83$3,291,901$94,202$0$2,655,320
84$3,557,476$28,620$0$2,860,560
85$3,847,929$0$0$3,085,125
86$4,165,728$0$0$3,336,556
87$4,513,589$0$0$3,615,936
88$4,894,505$0$0$3,921,894
89$5,311,771$0$0$4,257,078
90$5,769,016$0$0$4,624,408
91$6,270,236$0$0$5,027,099
92$6,819,834$0$0$5,468,692
93$7,422,657$0$0$5,953,084
94$8,084,044$0$0$6,484,572
95$8,809,877$0$0$7,067,887
96$9,606,636$0$0$7,708,239
97$10,481,455$0$0$8,411,369
98$11,442,197$0$0$9,183,600
99$12,497,521$0$0$10,031,898
100$13,656,966$0$0$10,963,937