Can I retire at age 59 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$51,942$51,480$51,028$50,588$50,157$49,084
2 years$25,714$25,235$24,771$24,321$23,884$22,809
3 years$16,972$16,491$16,028$15,583$15,153$14,108
4 years$12,602$12,123$11,665$11,226$10,807$9,801
5 years$9,981$9,505$9,052$8,623$8,216$7,251
6 years$8,234$7,761$7,316$6,896$6,501$5,579
7 years$6,987$6,518$6,079$5,669$5,287$4,408
8 years$6,052$5,587$5,156$4,756$4,386$3,550
9 years$5,325$4,864$4,441$4,051$3,694$2,899
10 years$4,744$4,288$3,871$3,492$3,147$2,394
11 years$4,269$3,817$3,408$3,039$2,707$1,994
12 years$3,873$3,426$3,025$2,666$2,346$1,672
13 years$3,538$3,096$2,702$2,353$2,045$1,409
14 years$3,252$2,814$2,428$2,089$1,793$1,194
15 years$3,004$2,571$2,192$1,863$1,579$1,015
16 years$2,787$2,359$1,988$1,668$1,395$865
17 years$2,596$2,172$1,809$1,499$1,237$740
18 years$2,426$2,007$1,651$1,351$1,100$634
19 years$2,274$1,860$1,511$1,221$980$544
20 years$2,138$1,729$1,387$1,105$876$468
21 years$2,015$1,610$1,276$1,003$784$403
22 years$1,903$1,503$1,176$912$702$347
23 years$1,801$1,406$1,086$831$631$300
24 years$1,707$1,317$1,004$758$567$259
25 years$1,622$1,236$930$692$510$224
26 years$1,543$1,162$863$633$459$193
27 years$1,470$1,093$801$579$414$167
28 years$1,402$1,030$745$531$374$145
29 years$1,339$972$693$487$337$125
30 years$1,280$918$645$447$305$109
31 years$1,226$868$602$410$276$94
32 years$1,174$821$561$377$249$81
33 years$1,126$778$524$347$226$71
34 years$1,081$737$490$319$204$61
35 years$1,039$699$458$294$185$53
36 years$999$663$428$270$168$46
37 years$961$630$401$249$152$40
38 years$926$599$375$230$138$35
39 years$892$569$352$212$125$30
40 years$860$542$330$195$113$26
41 years$830$516$309$180$103$23
42 years$801$491$290$166$93$20
43 years$773$468$272$153$85$17
44 years$747$446$255$142$77$15
45 years$722$425$240$131$70$13
46 years$699$406$225$121$63$11
47 years$676$387$212$112$58$10
48 years$655$370$199$103$52$8
49 years$634$353$187$95$47$7
50 years$614$337$176$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $629,000, adding $2,753 every year, while hoping to spend $26,826 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: 48/34/18 Blend
58$629,000$629,000$629,000$629,000
59$695,998$662,661$652,911$725,757
60$738,447$666,588$646,241$750,620
61$784,327$669,810$638,448$774,652
62$833,959$672,261$629,467$800,175
63$887,697$673,876$619,229$827,340
64$945,929$674,583$607,660$856,314
65$1,009,084$674,308$594,686$887,281
66$1,077,630$672,968$580,228$920,447
67$1,152,085$670,480$564,202$956,040
68$1,233,017$666,754$546,523$994,312
69$1,321,052$661,692$527,099$1,035,543
70$1,416,878$655,194$505,835$1,080,043
71$1,521,253$647,151$482,634$1,128,156
72$1,635,009$637,449$457,390$1,180,262
73$1,759,063$625,968$429,996$1,236,785
74$1,894,426$612,578$400,339$1,298,190
75$2,042,207$597,145$368,300$1,364,995
76$2,203,631$579,523$333,757$1,437,773
77$2,380,043$559,562$296,579$1,517,158
78$2,572,925$537,099$256,633$1,603,852
79$2,783,911$511,964$213,778$1,698,630
80$3,014,796$483,976$167,865$1,802,352
81$3,267,560$452,945$118,743$1,915,968
82$3,544,381$418,670$66,251$2,040,529
83$3,847,659$380,936$10,222$2,177,197
84$4,180,037$339,518$0$2,327,258
85$4,544,424$294,178$0$2,501,651
86$4,944,027$244,665$0$2,695,142
87$5,382,376$190,711$0$2,907,538
88$5,863,358$132,036$0$3,140,794
89$6,391,259$68,344$0$3,397,071
90$6,970,795$0$0$3,678,752
91$7,607,165$0$0$3,988,722
92$8,306,092$0$0$4,357,319
93$9,073,884$0$0$4,762,308
94$9,917,489$0$0$5,207,362
95$10,844,562$0$0$5,696,531
96$11,863,533$0$0$6,234,272
97$12,983,693$0$0$6,825,499
98$14,215,278$0$0$7,475,623
99$15,569,562$0$0$8,190,609
100$17,058,969$0$0$8,977,026