Can I retire at age 59 with 634,000?

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 $634,000?

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$52,355$51,889$51,434$50,990$50,556$48,938
2 years$25,918$25,436$24,968$24,514$24,074$22,459
3 years$17,107$16,622$16,156$15,707$15,274$13,712
4 years$12,703$12,219$11,757$11,316$10,893$9,397
5 years$10,060$9,580$9,124$8,692$8,281$6,854
6 years$8,300$7,823$7,374$6,951$6,552$5,196
7 years$7,042$6,570$6,128$5,715$5,329$4,043
8 years$6,100$5,631$5,197$4,794$4,421$3,205
9 years$5,367$4,903$4,476$4,083$3,723$2,575
10 years$4,781$4,322$3,902$3,520$3,172$2,091
11 years$4,302$3,848$3,435$3,063$2,728$1,711
12 years$3,904$3,453$3,049$2,687$2,364$1,410
13 years$3,566$3,121$2,724$2,372$2,062$1,167
14 years$3,278$2,837$2,447$2,106$1,807$970
15 years$3,027$2,591$2,210$1,878$1,591$809
16 years$2,809$2,378$2,003$1,681$1,406$677
17 years$2,616$2,190$1,823$1,511$1,247$568
18 years$2,445$2,023$1,664$1,362$1,109$477
19 years$2,292$1,875$1,524$1,230$988$401
20 years$2,155$1,743$1,398$1,114$883$338
21 years$2,031$1,623$1,286$1,011$790$285
22 years$1,918$1,515$1,185$919$708$240
23 years$1,815$1,417$1,094$837$636$203
24 years$1,721$1,328$1,012$764$571$172
25 years$1,635$1,246$937$697$514$145
26 years$1,555$1,171$869$638$463$123
27 years$1,481$1,102$807$584$417$104
28 years$1,413$1,038$751$535$377$88
29 years$1,350$980$698$490$340$75
30 years$1,291$925$651$450$307$63
31 years$1,235$875$607$413$278$53
32 years$1,184$828$566$380$251$45
33 years$1,135$784$528$349$227$38
34 years$1,090$743$494$321$206$33
35 years$1,047$705$462$296$187$28
36 years$1,007$669$432$273$169$23
37 years$969$635$404$251$153$20
38 years$933$604$378$231$139$17
39 years$899$574$355$213$126$14
40 years$867$546$332$197$114$12
41 years$836$520$312$182$104$10
42 years$807$495$292$168$94$9
43 years$780$472$274$155$85$7
44 years$753$450$257$143$77$6
45 years$728$429$242$132$70$5
46 years$704$409$227$122$64$4
47 years$682$390$213$113$58$4
48 years$660$373$200$104$53$3
49 years$639$356$188$96$48$3
50 years$619$340$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 $634,000, adding $2,211 every year, while hoping to spend $42,099 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: 71/5/24 Blend
58$634,000$634,000$634,000$634,000
59$700,949$667,347$657,520$746,341
60$727,652$655,254$634,754$764,856
61$755,669$641,157$609,814$779,968
62$785,088$624,914$582,583$795,500
63$816,006$606,374$552,939$811,491
64$848,529$585,378$520,753$827,981
65$882,773$561,754$485,892$845,020
66$918,861$535,326$448,215$862,662
67$956,931$505,903$407,576$880,966
68$997,132$473,286$363,823$900,002
69$1,039,624$437,262$316,796$919,844
70$1,084,585$397,607$266,328$940,580
71$1,132,208$354,085$212,246$962,303
72$1,182,704$306,446$154,367$985,122
73$1,236,304$254,426$92,502$1,009,155
74$1,293,259$197,744$26,453$1,034,537
75$1,353,845$136,108$0$1,061,417
76$1,418,364$69,204$0$1,101,237
77$1,487,147$0$0$1,150,869
78$1,560,555$0$0$1,203,977
79$1,638,984$0$0$1,264,805
80$1,722,870$0$0$1,329,886
81$1,812,689$0$0$1,399,591
82$1,908,963$0$0$1,474,329
83$2,012,265$0$0$1,554,547
84$2,123,225$0$0$1,640,738
85$2,242,533$0$0$1,733,440
86$2,370,946$0$0$1,833,246
87$2,509,297$0$0$1,940,807
88$2,658,499$0$0$2,056,838
89$2,819,559$0$0$2,182,122
90$2,993,577$0$0$2,317,523
91$3,181,769$0$0$2,463,989
92$3,385,465$0$0$2,622,562
93$3,606,131$0$0$2,794,388
94$3,845,380$0$0$2,980,726
95$4,104,981$0$0$3,182,962
96$4,386,884$0$0$3,402,619
97$4,693,231$0$0$3,641,374
98$5,026,381$0$0$3,901,070
99$5,388,927$0$0$4,183,736
100$5,783,723$0$0$4,491,603