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%18.3%
1 years$52,190$51,725$51,272$50,829$50,397$48,705
2 years$25,837$25,355$24,889$24,437$23,998$22,311
3 years$17,053$16,570$16,105$15,657$15,226$13,595
4 years$12,663$12,181$11,720$11,280$10,859$9,298
5 years$10,029$9,550$9,095$8,664$8,255$6,768
6 years$8,273$7,798$7,350$6,929$6,532$5,120
7 years$7,020$6,549$6,108$5,697$5,312$3,974
8 years$6,081$5,614$5,180$4,779$4,407$3,143
9 years$5,350$4,888$4,462$4,070$3,711$2,519
10 years$4,766$4,308$3,890$3,509$3,162$2,040
11 years$4,289$3,835$3,425$3,054$2,720$1,666
12 years$3,891$3,442$3,039$2,678$2,357$1,368
13 years$3,555$3,111$2,715$2,365$2,055$1,130
14 years$3,267$2,828$2,440$2,099$1,801$937
15 years$3,018$2,583$2,203$1,872$1,586$779
16 years$2,800$2,370$1,997$1,676$1,402$650
17 years$2,608$2,183$1,817$1,506$1,243$543
18 years$2,437$2,017$1,659$1,357$1,105$455
19 years$2,285$1,869$1,519$1,226$985$382
20 years$2,148$1,737$1,394$1,111$880$320
21 years$2,024$1,618$1,282$1,008$787$269
22 years$1,912$1,510$1,182$917$706$227
23 years$1,809$1,413$1,091$835$634$191
24 years$1,716$1,323$1,009$761$569$161
25 years$1,629$1,242$935$695$512$136
26 years$1,550$1,167$867$636$462$114
27 years$1,477$1,099$805$582$416$96
28 years$1,409$1,035$748$533$376$81
29 years$1,345$977$696$489$339$69
30 years$1,286$922$649$449$306$58
31 years$1,231$872$605$412$277$49
32 years$1,180$825$564$379$251$41
33 years$1,132$781$527$348$227$35
34 years$1,087$740$492$320$205$30
35 years$1,044$702$460$295$186$25
36 years$1,004$667$430$272$168$21
37 years$966$633$403$250$153$18
38 years$930$602$377$231$138$15
39 years$896$572$353$213$126$13
40 years$864$544$331$196$114$11
41 years$834$518$311$181$103$9
42 years$805$493$291$167$94$8
43 years$777$470$273$154$85$6
44 years$751$448$257$142$77$5
45 years$726$427$241$132$70$5
46 years$702$408$226$121$64$4
47 years$679$389$213$112$58$3
48 years$658$371$200$104$52$3
49 years$637$355$188$96$48$2
50 years$617$339$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $632,000, adding $4,590 every year, while hoping to spend $43,538 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: 46/46/8 Blend
58$632,000$632,000$632,000$632,000
59$701,199$667,703$657,907$731,699
60$726,397$654,096$633,622$739,582
61$752,706$638,363$607,065$743,237
62$780,193$620,355$578,114$746,196
63$808,932$599,911$546,639$748,409
64$839,001$576,864$512,509$749,824
65$870,484$551,036$475,584$750,386
66$903,475$522,238$435,717$750,041
67$938,073$490,272$392,758$748,729
68$974,388$454,926$346,546$746,392
69$1,012,536$415,978$296,916$742,968
70$1,052,646$373,193$243,694$738,393
71$1,094,858$326,321$186,700$732,605
72$1,139,323$275,100$125,744$725,538
73$1,186,206$219,252$60,629$717,124
74$1,235,688$158,484$0$707,297
75$1,287,964$92,486$0$696,745
76$1,343,249$20,930$0$690,217
77$1,401,775$0$0$682,483
78$1,463,800$0$0$702,111
79$1,529,600$0$0$734,209
80$1,599,482$0$0$768,337
81$1,673,779$0$0$804,661
82$1,752,855$0$0$843,367
83$1,837,109$0$0$884,653
84$1,926,980$0$0$928,742
85$2,022,946$0$0$975,875
86$2,125,532$0$0$1,026,315
87$2,235,314$0$0$1,080,354
88$2,352,922$0$0$1,138,310
89$2,479,048$0$0$1,200,531
90$2,614,453$0$0$1,267,402
91$2,759,969$0$0$1,339,343
92$2,916,511$0$0$1,416,815
93$3,085,083$0$0$1,500,327
94$3,266,790$0$0$1,590,435
95$3,462,841$0$0$1,687,752
96$3,674,570$0$0$1,792,951
97$3,903,438$0$0$1,906,772
98$4,151,053$0$0$2,030,026
99$4,419,184$0$0$2,163,609
100$4,709,773$0$0$2,308,502