Can I retire at age 59 with 631,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$52,107$51,643$51,190$50,748$50,317$50,084
2 years$25,796$25,315$24,850$24,398$23,960$23,725
3 years$17,026$16,544$16,079$15,632$15,201$14,971
4 years$12,642$12,161$11,702$11,262$10,842$10,618
5 years$10,013$9,535$9,081$8,650$8,242$8,026
6 years$8,260$7,786$7,339$6,918$6,521$6,313
7 years$7,009$6,539$6,099$5,687$5,304$5,104
8 years$6,071$5,605$5,172$4,771$4,400$4,208
9 years$5,342$4,880$4,455$4,064$3,705$3,521
10 years$4,759$4,301$3,884$3,503$3,157$2,981
11 years$4,282$3,829$3,419$3,049$2,715$2,546
12 years$3,885$3,437$3,034$2,674$2,353$2,192
13 years$3,549$3,106$2,711$2,361$2,052$1,898
14 years$3,262$2,823$2,436$2,096$1,799$1,652
15 years$3,013$2,579$2,199$1,869$1,584$1,444
16 years$2,796$2,366$1,994$1,674$1,400$1,267
17 years$2,604$2,179$1,814$1,504$1,241$1,115
18 years$2,434$2,014$1,656$1,355$1,103$984
19 years$2,281$1,866$1,516$1,224$984$870
20 years$2,145$1,734$1,392$1,109$879$771
21 years$2,021$1,615$1,280$1,006$786$685
22 years$1,909$1,508$1,180$915$705$609
23 years$1,806$1,410$1,089$833$633$542
24 years$1,713$1,321$1,007$760$569$483
25 years$1,627$1,240$933$694$512$431
26 years$1,548$1,165$865$635$461$385
27 years$1,474$1,097$804$581$415$344
28 years$1,406$1,034$747$532$375$308
29 years$1,343$975$695$488$339$276
30 years$1,284$921$648$448$306$247
31 years$1,230$870$604$411$277$221
32 years$1,178$824$563$378$250$198
33 years$1,130$780$526$348$226$178
34 years$1,085$739$491$320$205$160
35 years$1,042$701$459$295$186$143
36 years$1,002$666$430$271$168$129
37 years$964$632$402$250$152$115
38 years$929$601$377$230$138$104
39 years$895$571$353$212$125$93
40 years$863$543$331$196$114$84
41 years$832$517$310$181$103$75
42 years$803$493$291$167$94$68
43 years$776$469$273$154$85$61
44 years$750$447$256$142$77$55
45 years$725$427$241$131$70$49
46 years$701$407$226$121$64$44
47 years$678$388$212$112$58$40
48 years$657$371$200$104$52$36
49 years$636$354$188$96$48$32
50 years$616$338$176$88$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $631,000, adding $3,719 every year, while hoping to spend $39,938 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: 68/9/23 Blend
58$631,000$631,000$631,000$631,000
59$699,198$665,755$655,975$742,421
60$728,023$655,883$635,456$761,986
61$758,449$644,189$612,912$778,432
62$790,597$630,542$588,231$795,481
63$824,601$614,801$561,300$813,190
64$860,604$596,820$531,997$831,626
65$898,764$576,443$500,197$850,862
66$939,253$553,504$465,769$870,981
67$982,260$527,828$428,575$892,075
68$1,027,991$499,232$388,473$914,247
69$1,076,670$467,518$345,311$937,611
70$1,128,545$432,482$298,933$962,296
71$1,183,887$393,903$249,177$988,446
72$1,242,990$351,551$195,872$1,016,220
73$1,306,180$305,182$138,838$1,045,795
74$1,373,811$254,537$77,891$1,077,370
75$1,446,275$199,345$12,835$1,111,165
76$1,523,999$139,316$0$1,147,426
77$1,607,452$74,148$0$1,200,313
78$1,697,149$3,518$0$1,260,506
79$1,793,657$0$0$1,325,243
80$1,897,595$0$0$1,402,177
81$2,009,645$0$0$1,485,520
82$2,130,558$0$0$1,575,483
83$2,261,155$0$0$1,672,684
84$2,402,342$0$0$1,777,799
85$2,555,112$0$0$1,891,572
86$2,720,558$0$0$2,014,822
87$2,899,881$0$0$2,148,449
88$3,094,403$0$0$2,293,440
89$3,305,576$0$0$2,450,886
90$3,534,999$0$0$2,621,981
91$3,784,429$0$0$2,808,043
92$4,055,799$0$0$3,010,520
93$4,351,238$0$0$3,231,005
94$4,673,088$0$0$3,471,253
95$5,023,923$0$0$3,733,192
96$5,406,580$0$0$4,018,946
97$5,824,181$0$0$4,330,855
98$6,280,159$0$0$4,671,490
99$6,778,298$0$0$5,043,685
100$7,322,760$0$0$5,450,558