Can I retire at age 59 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,025$51,561$51,109$50,668$50,237$49,568
2 years$25,755$25,275$24,810$24,360$23,922$23,250
3 years$16,999$16,518$16,054$15,607$15,177$14,522
4 years$12,622$12,142$11,683$11,244$10,825$10,191
5 years$9,997$9,520$9,067$8,637$8,229$7,619
6 years$8,247$7,773$7,327$6,907$6,511$5,926
7 years$6,998$6,528$6,089$5,678$5,295$4,735
8 years$6,061$5,596$5,164$4,764$4,393$3,857
9 years$5,333$4,872$4,448$4,057$3,699$3,188
10 years$4,751$4,295$3,878$3,498$3,152$2,665
11 years$4,275$3,823$3,414$3,044$2,711$2,248
12 years$3,879$3,432$3,030$2,670$2,349$1,909
13 years$3,544$3,101$2,707$2,357$2,049$1,631
14 years$3,257$2,819$2,432$2,092$1,796$1,400
15 years$3,008$2,575$2,196$1,866$1,581$1,207
16 years$2,791$2,363$1,991$1,671$1,397$1,044
17 years$2,600$2,176$1,812$1,501$1,239$905
18 years$2,430$2,011$1,654$1,353$1,102$787
19 years$2,278$1,863$1,514$1,222$982$685
20 years$2,141$1,732$1,389$1,107$877$598
21 years$2,018$1,613$1,278$1,005$785$523
22 years$1,906$1,506$1,178$914$704$458
23 years$1,804$1,408$1,088$832$632$401
24 years$1,710$1,319$1,006$759$568$352
25 years$1,624$1,238$932$693$511$309
26 years$1,545$1,164$864$634$460$271
27 years$1,472$1,095$802$580$415$238
28 years$1,404$1,032$746$531$374$210
29 years$1,341$973$694$487$338$185
30 years$1,282$919$646$447$305$163
31 years$1,228$869$603$411$276$143
32 years$1,176$822$562$378$250$126
33 years$1,128$779$525$347$226$111
34 years$1,083$738$491$319$205$98
35 years$1,041$700$459$294$185$86
36 years$1,001$664$429$271$168$76
37 years$963$631$402$250$152$67
38 years$927$600$376$230$138$59
39 years$893$570$352$212$125$52
40 years$861$543$330$196$114$46
41 years$831$517$310$180$103$41
42 years$802$492$290$167$93$36
43 years$775$469$273$154$85$32
44 years$749$447$256$142$77$28
45 years$724$426$240$131$70$25
46 years$700$406$226$121$63$22
47 years$677$388$212$112$58$19
48 years$656$370$199$103$52$17
49 years$635$354$187$96$48$15
50 years$615$338$176$88$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $630,000, adding $4,548 every year, while hoping to spend $27,426 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: 81/8/11 Blend
58$630,000$630,000$630,000$630,000
59$698,951$665,561$655,796$753,883
60$741,063$668,993$648,584$793,997
61$786,551$671,673$640,212$833,957
62$835,731$673,537$630,610$877,006
63$888,949$674,514$619,709$923,440
64$946,587$674,529$607,434$973,586
65$1,009,063$673,505$593,708$1,027,801
66$1,076,838$671,358$578,447$1,086,480
67$1,150,419$667,998$561,569$1,150,059
68$1,230,363$663,331$542,983$1,219,017
69$1,317,284$657,258$522,596$1,293,883
70$1,411,855$649,672$500,312$1,375,239
71$1,514,819$640,461$476,027$1,463,726
72$1,626,992$629,505$449,636$1,560,051
73$1,749,274$616,679$421,027$1,664,993
74$1,882,652$601,849$390,083$1,779,411
75$2,028,216$584,873$356,685$1,904,251
76$2,187,164$565,602$320,704$2,040,556
77$2,360,815$543,876$282,007$2,189,474
78$2,550,621$519,529$240,457$2,352,272
79$2,758,181$492,382$195,909$2,530,346
80$2,985,254$462,248$148,211$2,725,235
81$3,233,780$428,928$97,206$2,938,633
82$3,505,893$392,213$42,730$3,172,411
83$3,803,942$351,880$0$3,428,628
84$4,130,517$307,694$0$3,711,363
85$4,488,467$259,409$0$4,026,779
86$4,880,933$206,762$0$4,372,636
87$5,311,371$149,476$0$4,751,998
88$5,783,590$87,259$0$5,168,239
89$6,301,785$19,804$0$5,625,078
90$6,870,576$0$0$6,126,612
91$7,495,053$0$0$6,682,039
92$8,180,823$0$0$7,293,913
93$8,934,061$0$0$7,966,002
94$9,761,572$0$0$8,704,380
95$10,670,850$0$0$9,515,737
96$11,670,154$0$0$10,407,442
97$12,768,578$0$0$11,387,617
98$13,976,146$0$0$12,465,205
99$15,303,899$0$0$13,650,063
100$16,764,002$0$0$14,953,049