Can I retire at age 59 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$52,190$51,725$51,272$50,829$50,397$49,178
2 years$25,837$25,355$24,889$24,437$23,998$22,778
3 years$17,053$16,570$16,105$15,657$15,226$14,042
4 years$12,663$12,181$11,720$11,280$10,859$9,721
5 years$10,029$9,550$9,095$8,664$8,255$7,165
6 years$8,273$7,798$7,350$6,929$6,532$5,492
7 years$7,020$6,549$6,108$5,697$5,312$4,322
8 years$6,081$5,614$5,180$4,779$4,407$3,466
9 years$5,350$4,888$4,462$4,070$3,711$2,819
10 years$4,766$4,308$3,890$3,509$3,162$2,318
11 years$4,289$3,835$3,425$3,054$2,720$1,922
12 years$3,891$3,442$3,039$2,678$2,357$1,604
13 years$3,555$3,111$2,715$2,365$2,055$1,346
14 years$3,267$2,828$2,440$2,099$1,801$1,135
15 years$3,018$2,583$2,203$1,872$1,586$960
16 years$2,800$2,370$1,997$1,676$1,402$814
17 years$2,608$2,183$1,817$1,506$1,243$693
18 years$2,437$2,017$1,659$1,357$1,105$591
19 years$2,285$1,869$1,519$1,226$985$504
20 years$2,148$1,737$1,394$1,111$880$431
21 years$2,024$1,618$1,282$1,008$787$369
22 years$1,912$1,510$1,182$917$706$317
23 years$1,809$1,413$1,091$835$634$272
24 years$1,716$1,323$1,009$761$569$233
25 years$1,629$1,242$935$695$512$200
26 years$1,550$1,167$867$636$462$172
27 years$1,477$1,099$805$582$416$148
28 years$1,409$1,035$748$533$376$128
29 years$1,345$977$696$489$339$110
30 years$1,286$922$649$449$306$95
31 years$1,231$872$605$412$277$81
32 years$1,180$825$564$379$251$70
33 years$1,132$781$527$348$227$61
34 years$1,087$740$492$320$205$52
35 years$1,044$702$460$295$186$45
36 years$1,004$667$430$272$168$39
37 years$966$633$403$250$153$33
38 years$930$602$377$231$138$29
39 years$896$572$353$213$126$25
40 years$864$544$331$196$114$21
41 years$834$518$311$181$103$18
42 years$805$493$291$167$94$16
43 years$777$470$273$154$85$14
44 years$751$448$257$142$77$12
45 years$726$427$241$132$70$10
46 years$702$408$226$121$64$9
47 years$679$389$213$112$58$8
48 years$658$371$200$104$52$7
49 years$637$355$188$96$48$6
50 years$617$339$177$89$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $632,000, adding $3,944 every year, while hoping to spend $52,355 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: 73/13/14 Blend
58$632,000$632,000$632,000$632,000
59$700,532$667,036$657,240$749,262
60$716,281$644,016$623,552$759,030
61$731,882$618,112$586,981$762,906
62$747,264$589,130$547,375$765,752
63$762,348$556,860$504,575$767,453
64$777,044$521,084$458,416$767,883
65$791,253$481,567$408,723$766,904
66$804,863$438,066$355,317$764,368
67$817,747$390,319$298,008$760,110
68$829,765$338,052$236,600$753,952
69$840,760$280,976$170,885$745,698
70$850,557$218,783$100,649$735,133
71$858,960$151,150$25,667$722,026
72$865,753$77,735$0$706,120
73$870,692$0$0$695,255
74$873,509$0$0$685,888
75$873,904$0$0$685,676
76$871,546$0$0$683,233
77$866,065$0$0$678,260
78$857,052$0$0$670,428
79$844,054$0$0$659,372
80$826,566$0$0$644,685
81$804,032$0$0$625,919
82$775,833$0$0$602,576
83$741,287$0$0$574,106
84$699,636$0$0$539,900
85$650,043$0$0$499,282
86$591,581$0$0$451,506
87$523,226$0$0$395,749
88$443,845$0$0$331,097
89$352,185$0$0$256,543
90$246,863$0$0$170,972
91$126,348$0$0$73,153
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