Can I retire at age 59 with 633,000?

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 $633,000?

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$52,273$51,807$51,353$50,909$50,476$49,256
2 years$25,877$25,396$24,928$24,476$24,036$22,814
3 years$17,080$16,596$16,130$15,682$15,250$14,064
4 years$12,683$12,200$11,739$11,298$10,876$9,736
5 years$10,045$9,565$9,110$8,678$8,268$7,176
6 years$8,287$7,811$7,362$6,940$6,542$5,500
7 years$7,031$6,559$6,118$5,706$5,320$4,329
8 years$6,090$5,622$5,188$4,786$4,414$3,472
9 years$5,359$4,895$4,469$4,077$3,717$2,824
10 years$4,774$4,315$3,896$3,514$3,167$2,322
11 years$4,296$3,841$3,430$3,058$2,724$1,925
12 years$3,897$3,448$3,044$2,683$2,360$1,607
13 years$3,561$3,116$2,720$2,368$2,058$1,348
14 years$3,272$2,832$2,444$2,102$1,804$1,136
15 years$3,023$2,587$2,206$1,875$1,589$961
16 years$2,804$2,374$2,000$1,679$1,404$816
17 years$2,612$2,186$1,820$1,508$1,245$694
18 years$2,441$2,020$1,662$1,359$1,107$592
19 years$2,289$1,872$1,521$1,228$987$505
20 years$2,151$1,740$1,396$1,112$881$432
21 years$2,027$1,621$1,284$1,010$789$370
22 years$1,915$1,513$1,183$918$707$317
23 years$1,812$1,415$1,093$836$635$272
24 years$1,718$1,326$1,011$763$570$234
25 years$1,632$1,244$936$696$513$201
26 years$1,552$1,169$868$637$462$173
27 years$1,479$1,100$806$583$417$149
28 years$1,411$1,037$749$534$376$128
29 years$1,348$978$697$490$340$110
30 years$1,289$924$650$449$307$95
31 years$1,233$873$606$413$277$82
32 years$1,182$826$565$379$251$70
33 years$1,134$782$528$349$227$61
34 years$1,088$742$493$321$206$52
35 years$1,046$703$461$295$186$45
36 years$1,005$668$431$272$169$39
37 years$967$634$403$251$153$33
38 years$932$603$378$231$139$29
39 years$898$573$354$213$126$25
40 years$865$545$332$197$114$21
41 years$835$519$311$181$103$19
42 years$806$494$292$167$94$16
43 years$778$471$274$154$85$14
44 years$752$449$257$143$77$12
45 years$727$428$241$132$70$10
46 years$703$408$227$122$64$9
47 years$680$390$213$112$58$8
48 years$659$372$200$104$53$7
49 years$638$355$188$96$48$6
50 years$618$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 $633,000, adding $4,868 every year, while hoping to spend $43,174 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: 83/12/5 Blend
58$633,000$633,000$633,000$633,000
59$702,587$669,038$659,227$760,450
60$728,314$655,884$635,374$785,792
61$755,219$640,639$609,275$807,266
62$783,375$623,154$580,810$829,485
63$812,863$603,272$549,851$852,496
64$843,771$580,829$516,267$876,352
65$876,193$555,647$479,919$901,110
66$910,233$527,542$440,665$926,834
67$946,002$496,316$398,352$953,594
68$983,621$461,763$352,824$981,467
69$1,023,223$423,662$303,916$1,010,537
70$1,064,952$381,781$251,457$1,040,898
71$1,108,963$335,875$195,268$1,072,653
72$1,155,429$285,685$135,161$1,105,917
73$1,204,535$230,935$70,940$1,140,815
74$1,256,483$171,337$2,403$1,177,487
75$1,311,497$106,585$0$1,216,085
76$1,369,818$36,356$0$1,260,553
77$1,431,712$0$0$1,307,688
78$1,497,466$0$0$1,362,821
79$1,567,399$0$0$1,426,570
80$1,641,856$0$0$1,494,451
81$1,721,218$0$0$1,566,810
82$1,805,899$0$0$1,644,028
83$1,896,355$0$0$1,726,519
84$1,993,084$0$0$1,814,742
85$2,096,633$0$0$1,909,194
86$2,207,603$0$0$2,010,425
87$2,326,650$0$0$2,119,037
88$2,454,497$0$0$2,235,688
89$2,591,937$0$0$2,361,104
90$2,739,838$0$0$2,496,080
91$2,899,156$0$0$2,641,489
92$3,070,940$0$0$2,798,290
93$3,256,342$0$0$2,967,537
94$3,456,629$0$0$3,150,387
95$3,673,191$0$0$3,348,113
96$3,907,558$0$0$3,562,114
97$4,161,411$0$0$3,793,926
98$4,436,598$0$0$4,045,239
99$4,735,152$0$0$4,317,914
100$5,059,309$0$0$4,613,993