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%12.3%
1 years$52,520$52,052$51,596$51,151$50,716$50,228
2 years$26,000$25,516$25,047$24,592$24,150$23,659
3 years$17,161$16,675$16,207$15,756$15,322$14,842
4 years$12,743$12,258$11,794$11,351$10,928$10,463
5 years$10,092$9,610$9,153$8,719$8,307$7,859
6 years$8,326$7,848$7,397$6,973$6,573$6,143
7 years$7,065$6,590$6,147$5,733$5,346$4,933
8 years$6,119$5,649$5,213$4,809$4,435$4,039
9 years$5,384$4,919$4,490$4,096$3,735$3,356
10 years$4,796$4,335$3,914$3,531$3,182$2,821
11 years$4,316$3,860$3,446$3,073$2,737$2,392
12 years$3,916$3,464$3,058$2,695$2,372$2,044
13 years$3,578$3,131$2,733$2,380$2,068$1,756
14 years$3,288$2,846$2,455$2,112$1,813$1,517
15 years$3,037$2,600$2,217$1,884$1,596$1,315
16 years$2,818$2,385$2,010$1,687$1,411$1,144
17 years$2,624$2,197$1,829$1,516$1,251$999
18 years$2,453$2,030$1,669$1,366$1,112$874
19 years$2,299$1,881$1,528$1,234$991$766
20 years$2,162$1,748$1,403$1,118$885$673
21 years$2,037$1,628$1,290$1,014$792$592
22 years$1,924$1,520$1,189$922$710$522
23 years$1,821$1,422$1,098$840$638$461
24 years$1,726$1,332$1,015$766$573$407
25 years$1,640$1,250$940$700$516$360
26 years$1,560$1,175$872$640$465$318
27 years$1,486$1,106$810$586$419$282
28 years$1,418$1,042$753$537$378$250
29 years$1,354$983$701$492$341$221
30 years$1,295$928$653$452$308$196
31 years$1,239$877$608$415$279$174
32 years$1,188$830$568$381$252$155
33 years$1,139$786$530$350$228$137
34 years$1,093$745$495$322$207$122
35 years$1,051$707$463$297$187$108
36 years$1,010$671$433$273$170$96
37 years$972$637$405$252$154$86
38 years$936$605$380$232$139$76
39 years$902$576$356$214$126$68
40 years$870$548$333$197$115$60
41 years$839$521$313$182$104$54
42 years$810$497$293$168$94$48
43 years$782$473$275$155$86$42
44 years$756$451$258$143$78$38
45 years$731$430$243$132$71$34
46 years$707$410$228$122$64$30
47 years$684$392$214$113$58$27
48 years$662$374$201$104$53$24
49 years$641$357$189$96$48$21
50 years$621$341$178$89$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $636,000, adding $4,368 every year, while hoping to spend $53,137 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: 65/14/21 Blend
58$636,000$636,000$636,000$636,000
59$705,378$671,670$661,812$747,178
60$720,789$648,044$627,445$752,184
61$735,991$621,480$590,146$751,220
62$750,907$591,777$549,761$748,924
63$765,449$558,724$506,127$745,169
64$779,520$522,097$459,078$739,814
65$793,010$481,659$408,436$732,709
66$805,797$437,159$354,018$723,689
67$817,742$388,334$295,632$712,575
68$828,693$334,904$233,077$699,174
69$838,479$276,573$166,144$683,273
70$846,909$213,030$94,615$664,644
71$853,769$143,945$18,261$643,035
72$858,825$68,969$0$618,176
73$861,813$0$0$603,937
74$862,439$0$0$593,005
75$860,381$0$0$590,750
76$855,277$0$0$586,289
77$846,727$0$0$579,335
78$834,287$0$0$569,569
79$817,466$0$0$556,637
80$795,720$0$0$540,149
81$768,443$0$0$519,671
82$734,968$0$0$494,724
83$694,556$0$0$464,777
84$646,387$0$0$429,243
85$589,556$0$0$387,471
86$523,061$0$0$338,744
87$445,794$0$0$282,266
88$356,532$0$0$217,160
89$253,922$0$0$142,456
90$136,467$0$0$57,081
91$2,516$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0