Can I retire at age 59 with 632,000?

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 $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%17.9%
1 years$52,190$51,725$51,272$50,829$50,397$48,783
2 years$25,837$25,355$24,889$24,437$23,998$22,388
3 years$17,053$16,570$16,105$15,657$15,226$13,668
4 years$12,663$12,181$11,720$11,280$10,859$9,367
5 years$10,029$9,550$9,095$8,664$8,255$6,832
6 years$8,273$7,798$7,350$6,929$6,532$5,180
7 years$7,020$6,549$6,108$5,697$5,312$4,030
8 years$6,081$5,614$5,180$4,779$4,407$3,195
9 years$5,350$4,888$4,462$4,070$3,711$2,567
10 years$4,766$4,308$3,890$3,509$3,162$2,084
11 years$4,289$3,835$3,425$3,054$2,720$1,706
12 years$3,891$3,442$3,039$2,678$2,357$1,405
13 years$3,555$3,111$2,715$2,365$2,055$1,164
14 years$3,267$2,828$2,440$2,099$1,801$967
15 years$3,018$2,583$2,203$1,872$1,586$807
16 years$2,800$2,370$1,997$1,676$1,402$675
17 years$2,608$2,183$1,817$1,506$1,243$566
18 years$2,437$2,017$1,659$1,357$1,105$475
19 years$2,285$1,869$1,519$1,226$985$400
20 years$2,148$1,737$1,394$1,111$880$337
21 years$2,024$1,618$1,282$1,008$787$284
22 years$1,912$1,510$1,182$917$706$240
23 years$1,809$1,413$1,091$835$634$202
24 years$1,716$1,323$1,009$761$569$171
25 years$1,629$1,242$935$695$512$145
26 years$1,550$1,167$867$636$462$122
27 years$1,477$1,099$805$582$416$104
28 years$1,409$1,035$748$533$376$88
29 years$1,345$977$696$489$339$74
30 years$1,286$922$649$449$306$63
31 years$1,231$872$605$412$277$53
32 years$1,180$825$564$379$251$45
33 years$1,132$781$527$348$227$38
34 years$1,087$740$492$320$205$32
35 years$1,044$702$460$295$186$28
36 years$1,004$667$430$272$168$23
37 years$966$633$403$250$153$20
38 years$930$602$377$231$138$17
39 years$896$572$353$213$126$14
40 years$864$544$331$196$114$12
41 years$834$518$311$181$103$10
42 years$805$493$291$167$94$9
43 years$777$470$273$154$85$7
44 years$751$448$257$142$77$6
45 years$726$427$241$132$70$5
46 years$702$408$226$121$64$4
47 years$679$389$213$112$58$4
48 years$658$371$200$104$52$3
49 years$637$355$188$96$48$3
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 $4,032 every year, while hoping to spend $41,546 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: 75/17/8 Blend
58$632,000$632,000$632,000$632,000
59$700,623$667,127$657,331$752,018
60$727,882$655,612$635,147$774,892
61$756,529$642,140$610,827$794,277
62$786,661$626,571$584,257$814,334
63$818,386$608,758$555,314$835,115
64$851,818$588,544$523,874$856,676
65$887,084$565,763$489,805$879,082
66$924,321$540,240$452,967$902,403
67$963,679$511,789$413,219$926,719
68$1,005,322$480,214$370,409$952,118
69$1,049,427$445,307$324,380$978,697
70$1,096,190$406,849$274,969$1,006,564
71$1,145,825$364,608$222,004$1,035,841
72$1,198,564$318,338$165,305$1,066,662
73$1,254,661$267,781$104,687$1,099,176
74$1,314,397$212,662$39,954$1,133,548
75$1,378,076$152,693$0$1,169,964
76$1,446,034$87,569$0$1,211,114
77$1,518,635$16,966$0$1,258,540
78$1,596,284$0$0$1,309,099
79$1,679,418$0$0$1,374,214
80$1,768,523$0$0$1,447,423
81$1,864,126$0$0$1,525,990
82$1,966,811$0$0$1,610,396
83$2,077,215$0$0$1,701,166
84$2,196,038$0$0$1,798,881
85$2,324,050$0$0$1,904,174
86$2,462,095$0$0$2,017,744
87$2,611,103$0$0$2,140,358
88$2,772,092$0$0$2,272,857
89$2,946,184$0$0$2,416,169
90$3,134,611$0$0$2,571,309
91$3,338,726$0$0$2,739,398
92$3,560,020$0$0$2,921,665
93$3,800,128$0$0$3,119,463
94$4,060,853$0$0$3,334,280
95$4,344,175$0$0$3,567,752
96$4,652,272$0$0$3,821,679
97$4,987,543$0$0$4,098,043
98$5,352,625$0$0$4,399,022
99$5,750,420$0$0$4,727,014
100$6,184,123$0$0$5,084,660