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%17.3%
1 years$51,942$51,480$51,028$50,588$50,157$48,669
2 years$25,714$25,235$24,771$24,321$23,884$22,397
3 years$16,972$16,491$16,028$15,583$15,153$13,714
4 years$12,602$12,123$11,665$11,226$10,807$9,427
5 years$9,981$9,505$9,052$8,623$8,216$6,897
6 years$8,234$7,761$7,316$6,896$6,501$5,246
7 years$6,987$6,518$6,079$5,669$5,287$4,096
8 years$6,052$5,587$5,156$4,756$4,386$3,258
9 years$5,325$4,864$4,441$4,051$3,694$2,628
10 years$4,744$4,288$3,871$3,492$3,147$2,142
11 years$4,269$3,817$3,408$3,039$2,707$1,760
12 years$3,873$3,426$3,025$2,666$2,346$1,455
13 years$3,538$3,096$2,702$2,353$2,045$1,210
14 years$3,252$2,814$2,428$2,089$1,793$1,010
15 years$3,004$2,571$2,192$1,863$1,579$846
16 years$2,787$2,359$1,988$1,668$1,395$711
17 years$2,596$2,172$1,809$1,499$1,237$598
18 years$2,426$2,007$1,651$1,351$1,100$505
19 years$2,274$1,860$1,511$1,221$980$427
20 years$2,138$1,729$1,387$1,105$876$361
21 years$2,015$1,610$1,276$1,003$784$306
22 years$1,903$1,503$1,176$912$702$259
23 years$1,801$1,406$1,086$831$631$220
24 years$1,707$1,317$1,004$758$567$187
25 years$1,622$1,236$930$692$510$159
26 years$1,543$1,162$863$633$459$135
27 years$1,470$1,093$801$579$414$115
28 years$1,402$1,030$745$531$374$98
29 years$1,339$972$693$487$337$83
30 years$1,280$918$645$447$305$71
31 years$1,226$868$602$410$276$60
32 years$1,174$821$561$377$249$51
33 years$1,126$778$524$347$226$44
34 years$1,081$737$490$319$204$37
35 years$1,039$699$458$294$185$32
36 years$999$663$428$270$168$27
37 years$961$630$401$249$152$23
38 years$926$599$375$230$138$20
39 years$892$569$352$212$125$17
40 years$860$542$330$195$113$14
41 years$830$516$309$180$103$12
42 years$801$491$290$166$93$10
43 years$773$468$272$153$85$9
44 years$747$446$255$142$77$8
45 years$722$425$240$131$70$6
46 years$699$406$225$121$63$5
47 years$676$387$212$112$58$5
48 years$655$370$199$103$52$4
49 years$634$353$187$95$47$3
50 years$614$337$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $629,000, adding $2,035 every year, while hoping to spend $40,070 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: 33/47/20 Blend
58$629,000$629,000$629,000$629,000
59$695,257$661,920$652,171$713,854
60$723,539$651,720$631,384$717,649
61$753,363$639,677$608,558$717,925
62$784,844$625,659$583,583$717,387
63$818,106$609,525$556,341$715,988
64$853,288$591,126$526,713$713,681
65$890,538$570,306$494,573$710,415
66$930,019$546,897$459,787$706,140
67$971,909$520,723$422,218$700,807
68$1,016,404$491,599$381,723$694,364
69$1,063,715$459,326$338,149$686,760
70$1,114,078$423,696$291,340$677,946
71$1,167,746$384,489$241,132$667,871
72$1,224,999$341,472$187,353$656,486
73$1,286,143$294,399$129,824$643,746
74$1,351,514$243,009$68,358$629,604
75$1,421,480$187,028$2,759$614,020
76$1,496,444$126,165$0$596,954
77$1,576,849$60,115$0$592,724
78$1,663,179$0$0$588,510
79$1,755,968$0$0$589,669
80$1,855,801$0$0$624,434
81$1,963,319$0$0$661,945
82$2,079,229$0$0$702,458
83$2,204,304$0$0$746,252
84$2,339,396$0$0$793,635
85$2,485,441$0$0$844,947
86$2,643,466$0$0$900,559
87$2,814,601$0$0$960,880
88$3,000,090$0$0$1,026,360
89$3,201,298$0$0$1,097,495
90$3,419,728$0$0$1,174,829
91$3,657,033$0$0$1,258,960
92$3,915,030$0$0$1,350,548
93$4,195,720$0$0$1,450,318
94$4,501,304$0$0$1,559,069
95$4,834,201$0$0$1,677,677
96$5,197,078$0$0$1,807,110
97$5,592,866$0$0$1,948,433
98$6,024,795$0$0$2,102,816
99$6,496,415$0$0$2,271,548
100$7,011,639$0$0$2,456,050