Can I retire at age 59 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$52,438$51,971$51,515$51,070$50,636$48,684
2 years$25,959$25,476$25,007$24,553$24,112$22,170
3 years$17,134$16,649$16,181$15,731$15,298$13,425
4 years$12,723$12,239$11,776$11,334$10,911$9,122
5 years$10,076$9,595$9,139$8,705$8,294$6,594
6 years$8,313$7,835$7,385$6,962$6,563$4,952
7 years$7,053$6,580$6,137$5,724$5,337$3,816
8 years$6,110$5,640$5,205$4,801$4,428$2,995
9 years$5,376$4,911$4,483$4,090$3,729$2,381
10 years$4,789$4,329$3,908$3,525$3,177$1,913
11 years$4,309$3,854$3,441$3,068$2,732$1,549
12 years$3,910$3,459$3,054$2,691$2,368$1,261
13 years$3,572$3,126$2,728$2,376$2,065$1,032
14 years$3,283$2,841$2,451$2,109$1,810$848
15 years$3,032$2,595$2,213$1,881$1,594$699
16 years$2,813$2,381$2,007$1,684$1,409$577
17 years$2,620$2,193$1,826$1,513$1,249$478
18 years$2,449$2,027$1,667$1,364$1,110$396
19 years$2,296$1,878$1,526$1,232$990$329
20 years$2,158$1,745$1,400$1,116$884$274
21 years$2,034$1,626$1,288$1,013$791$228
22 years$1,921$1,517$1,187$921$709$190
23 years$1,818$1,419$1,096$839$637$158
24 years$1,724$1,330$1,014$765$572$132
25 years$1,637$1,248$939$699$515$110
26 years$1,557$1,173$871$639$464$92
27 years$1,484$1,104$809$585$418$77
28 years$1,415$1,040$752$536$377$64
29 years$1,352$981$700$491$341$53
30 years$1,293$927$652$451$308$45
31 years$1,237$876$607$414$278$37
32 years$1,186$829$567$381$252$31
33 years$1,137$785$529$350$228$26
34 years$1,092$744$494$322$206$22
35 years$1,049$706$462$296$187$18
36 years$1,009$670$432$273$169$15
37 years$970$636$405$251$153$13
38 years$934$605$379$232$139$11
39 years$900$575$355$214$126$9
40 years$868$547$333$197$114$7
41 years$838$521$312$182$104$6
42 years$808$496$293$168$94$5
43 years$781$472$275$155$85$4
44 years$754$450$258$143$78$4
45 years$729$429$242$132$70$3
46 years$705$410$227$122$64$3
47 years$683$391$214$113$58$2
48 years$661$373$201$104$53$2
49 years$640$356$189$96$48$1
50 years$620$340$177$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $635,000, adding $3,556 every year, while hoping to spend $29,402 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: 39/40/21 Blend
58$635,000$635,000$635,000$635,000
59$703,438$669,783$659,941$726,351
60$743,905$671,319$650,765$744,717
61$787,515$671,945$640,297$761,516
62$834,556$671,584$628,461$779,081
63$885,346$670,158$615,181$797,499
64$940,236$667,581$600,374$816,866
65$999,610$663,761$583,955$837,291
66$1,063,888$658,604$565,836$858,897
67$1,133,536$652,006$545,923$881,819
68$1,209,063$643,862$524,118$906,210
69$1,291,032$634,055$500,320$932,243
70$1,380,058$622,465$474,422$960,107
71$1,476,822$608,963$446,313$990,018
72$1,582,069$593,414$415,876$1,022,212
73$1,696,622$575,673$382,990$1,056,958
74$1,821,384$555,588$347,527$1,094,552
75$1,957,351$532,997$309,355$1,135,325
76$2,105,618$507,731$268,335$1,179,647
77$2,267,389$479,608$224,322$1,227,928
78$2,443,991$448,437$177,165$1,280,625
79$2,636,884$414,017$126,706$1,338,247
80$2,847,676$376,133$72,781$1,401,359
81$3,078,137$334,561$15,217$1,470,591
82$3,330,214$289,062$0$1,546,641
83$3,606,054$239,384$0$1,640,640
84$3,908,018$185,261$0$1,747,405
85$4,238,709$126,411$0$1,864,523
86$4,600,990$62,538$0$1,993,101
87$4,998,016$0$0$2,134,362
88$5,433,263$0$0$2,292,597
89$5,910,556$0$0$2,496,389
90$6,434,111$0$0$2,720,021
91$7,008,570$0$0$2,965,488
92$7,639,046$0$0$3,234,984
93$8,331,173$0$0$3,530,930
94$9,091,154$0$0$3,855,991
95$9,925,824$0$0$4,213,103
96$10,842,714$0$0$4,605,500
97$11,850,116$0$0$5,036,745
98$12,957,168$0$0$5,510,764
99$14,173,938$0$0$6,031,881
100$15,511,516$0$0$6,604,862