Can I retire at age 59 with 636,000?

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 $636,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$52,520$52,052$51,596$51,151$50,716$49,978
2 years$26,000$25,516$25,047$24,592$24,150$23,409
3 years$17,161$16,675$16,207$15,756$15,322$14,600
4 years$12,743$12,258$11,794$11,351$10,928$10,230
5 years$10,092$9,610$9,153$8,719$8,307$7,636
6 years$8,326$7,848$7,397$6,973$6,573$5,930
7 years$7,065$6,590$6,147$5,733$5,346$4,730
8 years$6,119$5,649$5,213$4,809$4,435$3,847
9 years$5,384$4,919$4,490$4,096$3,735$3,174
10 years$4,796$4,335$3,914$3,531$3,182$2,648
11 years$4,316$3,860$3,446$3,073$2,737$2,229
12 years$3,916$3,464$3,058$2,695$2,372$1,890
13 years$3,578$3,131$2,733$2,380$2,068$1,611
14 years$3,288$2,846$2,455$2,112$1,813$1,380
15 years$3,037$2,600$2,217$1,884$1,596$1,187
16 years$2,818$2,385$2,010$1,687$1,411$1,025
17 years$2,624$2,197$1,829$1,516$1,251$887
18 years$2,453$2,030$1,669$1,366$1,112$769
19 years$2,299$1,881$1,528$1,234$991$669
20 years$2,162$1,748$1,403$1,118$885$582
21 years$2,037$1,628$1,290$1,014$792$508
22 years$1,924$1,520$1,189$922$710$443
23 years$1,821$1,422$1,098$840$638$388
24 years$1,726$1,332$1,015$766$573$339
25 years$1,640$1,250$940$700$516$297
26 years$1,560$1,175$872$640$465$260
27 years$1,486$1,106$810$586$419$228
28 years$1,418$1,042$753$537$378$200
29 years$1,354$983$701$492$341$176
30 years$1,295$928$653$452$308$155
31 years$1,239$877$608$415$279$136
32 years$1,188$830$568$381$252$119
33 years$1,139$786$530$350$228$105
34 years$1,093$745$495$322$207$92
35 years$1,051$707$463$297$187$81
36 years$1,010$671$433$273$170$71
37 years$972$637$405$252$154$63
38 years$936$605$380$232$139$55
39 years$902$576$356$214$126$49
40 years$870$548$333$197$115$43
41 years$839$521$313$182$104$38
42 years$810$497$293$168$94$33
43 years$782$473$275$155$86$29
44 years$756$451$258$143$78$26
45 years$731$430$243$132$71$23
46 years$707$410$228$122$64$20
47 years$684$392$214$113$58$18
48 years$662$374$201$104$53$15
49 years$641$357$189$96$48$14
50 years$621$341$178$89$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $636,000, adding $3,267 every year, while hoping to spend $37,033 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: 38/33/29 Blend
58$636,000$636,000$636,000$636,000
59$704,242$670,534$660,676$724,824
60$736,672$663,987$643,406$733,727
61$771,168$655,879$624,316$739,724
62$807,903$646,092$603,306$745,505
63$847,064$634,506$580,272$751,075
64$888,858$620,990$555,104$756,443
65$933,509$605,406$527,688$761,620
66$981,265$587,609$497,904$766,625
67$1,032,398$567,445$465,627$771,479
68$1,087,203$544,751$430,726$776,213
69$1,146,009$519,355$393,066$780,863
70$1,209,171$491,073$352,503$785,471
71$1,277,084$459,712$308,889$790,092
72$1,350,178$425,070$262,069$794,788
73$1,428,926$386,928$211,878$799,635
74$1,513,850$345,061$158,149$804,721
75$1,605,519$299,226$100,704$810,149
76$1,704,563$249,168$39,358$816,037
77$1,811,670$194,619$0$822,525
78$1,927,599$135,295$0$837,849
79$2,053,184$70,894$0$867,636
80$2,189,341$1,100$0$899,966
81$2,337,079$0$0$935,147
82$2,497,505$0$0$1,000,544
83$2,671,838$0$0$1,072,120
84$2,861,421$0$0$1,150,038
85$3,067,728$0$0$1,234,913
86$3,292,384$0$0$1,327,423
87$3,537,175$0$0$1,428,316
88$3,804,067$0$0$1,538,412
89$4,095,223$0$0$1,658,618
90$4,413,027$0$0$1,789,928
91$4,760,100$0$0$1,933,439
92$5,139,328$0$0$2,090,358
93$5,553,888$0$0$2,262,013
94$6,007,280$0$0$2,449,868
95$6,503,355$0$0$2,655,533
96$7,046,355$0$0$2,880,784
97$7,640,949$0$0$3,127,573
98$8,292,283$0$0$3,398,052
99$9,006,018$0$0$3,694,592
100$9,788,395$0$0$4,019,801