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%17.1%
1 years$52,025$51,561$51,109$50,668$50,237$48,785
2 years$25,755$25,275$24,810$24,360$23,922$22,471
3 years$16,999$16,518$16,054$15,607$15,177$13,772
4 years$12,622$12,142$11,683$11,244$10,825$9,477
5 years$9,997$9,520$9,067$8,637$8,229$6,941
6 years$8,247$7,773$7,327$6,907$6,511$5,285
7 years$6,998$6,528$6,089$5,678$5,295$4,131
8 years$6,061$5,596$5,164$4,764$4,393$3,290
9 years$5,333$4,872$4,448$4,057$3,699$2,657
10 years$4,751$4,295$3,878$3,498$3,152$2,168
11 years$4,275$3,823$3,414$3,044$2,711$1,784
12 years$3,879$3,432$3,030$2,670$2,349$1,477
13 years$3,544$3,101$2,707$2,357$2,049$1,230
14 years$3,257$2,819$2,432$2,092$1,796$1,028
15 years$3,008$2,575$2,196$1,866$1,581$862
16 years$2,791$2,363$1,991$1,671$1,397$725
17 years$2,600$2,176$1,812$1,501$1,239$612
18 years$2,430$2,011$1,654$1,353$1,102$517
19 years$2,278$1,863$1,514$1,222$982$437
20 years$2,141$1,732$1,389$1,107$877$371
21 years$2,018$1,613$1,278$1,005$785$315
22 years$1,906$1,506$1,178$914$704$267
23 years$1,804$1,408$1,088$832$632$227
24 years$1,710$1,319$1,006$759$568$193
25 years$1,624$1,238$932$693$511$164
26 years$1,545$1,164$864$634$460$140
27 years$1,472$1,095$802$580$415$119
28 years$1,404$1,032$746$531$374$102
29 years$1,341$973$694$487$338$87
30 years$1,282$919$646$447$305$74
31 years$1,228$869$603$411$276$63
32 years$1,176$822$562$378$250$54
33 years$1,128$779$525$347$226$46
34 years$1,083$738$491$319$205$39
35 years$1,041$700$459$294$185$33
36 years$1,001$664$429$271$168$28
37 years$963$631$402$250$152$24
38 years$927$600$376$230$138$21
39 years$893$570$352$212$125$18
40 years$861$543$330$196$114$15
41 years$831$517$310$180$103$13
42 years$802$492$290$167$93$11
43 years$775$469$273$154$85$9
44 years$749$447$256$142$77$8
45 years$724$426$240$131$70$7
46 years$700$406$226$121$63$6
47 years$677$388$212$112$58$5
48 years$656$370$199$103$52$4
49 years$635$354$187$96$48$4
50 years$615$338$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 $630,000, adding $5,246 every year, while hoping to spend $49,533 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: 39/36/25 Blend
58$630,000$630,000$630,000$630,000
59$699,671$666,281$656,516$721,591
60$718,335$646,226$625,807$717,927
61$737,242$623,529$592,408$708,962
62$756,366$598,006$556,179$698,294
63$775,673$569,467$516,969$685,800
64$795,128$537,707$474,624$671,346
65$814,688$502,512$428,981$654,792
66$834,305$463,653$379,870$635,987
67$853,923$420,891$327,114$614,770
68$873,479$373,970$270,529$590,972
69$892,902$322,623$209,920$564,409
70$912,112$266,565$145,086$534,888
71$931,017$205,497$75,816$502,203
72$949,515$139,101$1,890$466,132
73$967,492$67,043$0$426,442
74$984,818$0$0$403,422
75$1,001,348$0$0$382,506
76$1,016,921$0$0$387,691
77$1,031,355$0$0$392,340
78$1,044,449$0$0$396,364
79$1,055,978$0$0$399,664
80$1,065,689$0$0$402,131
81$1,073,305$0$0$403,644
82$1,078,512$0$0$404,067
83$1,080,967$0$0$403,249
84$1,080,284$0$0$401,023
85$1,076,037$0$0$397,205
86$1,067,751$0$0$391,589
87$1,054,902$0$0$383,946
88$1,036,908$0$0$374,026
89$1,013,121$0$0$361,547
90$982,828$0$0$346,200
91$945,235$0$0$327,643
92$899,466$0$0$305,497
93$844,549$0$0$279,341
94$779,411$0$0$248,711
95$702,864$0$0$213,095
96$613,593$0$0$171,926
97$510,146$0$0$124,575
98$390,918$0$0$70,351
99$254,134$0$0$8,488
100$97,833$0$0$0