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%15.5%
1 years$51,942$51,480$51,028$50,588$50,157$49,024
2 years$25,714$25,235$24,771$24,321$23,884$22,749
3 years$16,972$16,491$16,028$15,583$15,153$14,051
4 years$12,602$12,123$11,665$11,226$10,807$9,747
5 years$9,981$9,505$9,052$8,623$8,216$7,199
6 years$8,234$7,761$7,316$6,896$6,501$5,530
7 years$6,987$6,518$6,079$5,669$5,287$4,362
8 years$6,052$5,587$5,156$4,756$4,386$3,507
9 years$5,325$4,864$4,441$4,051$3,694$2,859
10 years$4,744$4,288$3,871$3,492$3,147$2,356
11 years$4,269$3,817$3,408$3,039$2,707$1,959
12 years$3,873$3,426$3,025$2,666$2,346$1,639
13 years$3,538$3,096$2,702$2,353$2,045$1,379
14 years$3,252$2,814$2,428$2,089$1,793$1,166
15 years$3,004$2,571$2,192$1,863$1,579$989
16 years$2,787$2,359$1,988$1,668$1,395$841
17 years$2,596$2,172$1,809$1,499$1,237$718
18 years$2,426$2,007$1,651$1,351$1,100$614
19 years$2,274$1,860$1,511$1,221$980$526
20 years$2,138$1,729$1,387$1,105$876$451
21 years$2,015$1,610$1,276$1,003$784$387
22 years$1,903$1,503$1,176$912$702$333
23 years$1,801$1,406$1,086$831$631$287
24 years$1,707$1,317$1,004$758$567$247
25 years$1,622$1,236$930$692$510$213
26 years$1,543$1,162$863$633$459$184
27 years$1,470$1,093$801$579$414$158
28 years$1,402$1,030$745$531$374$137
29 years$1,339$972$693$487$337$118
30 years$1,280$918$645$447$305$102
31 years$1,226$868$602$410$276$88
32 years$1,174$821$561$377$249$76
33 years$1,126$778$524$347$226$66
34 years$1,081$737$490$319$204$57
35 years$1,039$699$458$294$185$49
36 years$999$663$428$270$168$43
37 years$961$630$401$249$152$37
38 years$926$599$375$230$138$32
39 years$892$569$352$212$125$28
40 years$860$542$330$195$113$24
41 years$830$516$309$180$103$21
42 years$801$491$290$166$93$18
43 years$773$468$272$153$85$16
44 years$747$446$255$142$77$13
45 years$722$425$240$131$70$12
46 years$699$406$225$121$63$10
47 years$676$387$212$112$58$9
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 $6,814 every year, while hoping to spend $54,890 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: 79/15/6 Blend
58$629,000$629,000$629,000$629,000
59$700,187$666,850$657,100$754,612
60$713,203$641,123$620,710$765,524
61$725,708$612,296$581,262$769,594
62$737,590$580,158$538,594$772,406
63$748,727$544,489$492,540$773,809
64$758,981$505,052$442,924$773,636
65$768,198$461,601$389,563$771,701
66$776,207$413,872$332,266$767,804
67$782,817$361,589$270,834$761,721
68$787,815$304,458$205,058$753,210
69$790,965$242,169$134,721$742,002
70$792,005$174,397$59,595$727,804
71$790,643$100,795$0$710,291
72$786,553$20,999$0$690,428
73$779,377$0$0$670,665
74$768,717$0$0$657,561
75$754,129$0$0$644,494
76$735,123$0$0$627,569
77$711,157$0$0$606,313
78$681,630$0$0$580,204
79$645,876$0$0$548,661
80$603,159$0$0$511,043
81$552,663$0$0$466,640
82$493,489$0$0$414,668
83$424,639$0$0$354,257
84$345,012$0$0$284,450
85$253,391$0$0$204,185
86$148,430$0$0$112,291
87$28,642$0$0$7,473
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0