Can I retire at age 59 with 638,000?

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 $638,000?

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$52,685$52,216$51,758$51,311$50,875$49,645
2 years$26,082$25,596$25,125$24,669$24,226$22,995
3 years$17,215$16,727$16,258$15,806$15,370$14,175
4 years$12,783$12,296$11,832$11,387$10,962$9,813
5 years$10,124$9,641$9,182$8,746$8,333$7,233
6 years$8,352$7,872$7,420$6,995$6,594$5,544
7 years$7,087$6,611$6,166$5,751$5,363$4,363
8 years$6,138$5,667$5,229$4,824$4,449$3,499
9 years$5,401$4,934$4,504$4,109$3,746$2,846
10 years$4,812$4,349$3,927$3,542$3,192$2,340
11 years$4,330$3,872$3,457$3,083$2,745$1,940
12 years$3,928$3,475$3,068$2,704$2,379$1,619
13 years$3,589$3,140$2,741$2,387$2,075$1,359
14 years$3,298$2,855$2,463$2,119$1,819$1,145
15 years$3,047$2,608$2,224$1,890$1,601$969
16 years$2,827$2,393$2,016$1,692$1,415$822
17 years$2,633$2,203$1,835$1,520$1,255$699
18 years$2,461$2,036$1,675$1,370$1,116$596
19 years$2,307$1,887$1,533$1,238$994$509
20 years$2,168$1,754$1,407$1,121$888$435
21 years$2,043$1,633$1,294$1,018$795$373
22 years$1,930$1,525$1,193$925$713$320
23 years$1,827$1,426$1,101$843$640$274
24 years$1,732$1,336$1,019$769$575$236
25 years$1,645$1,254$943$702$517$202
26 years$1,565$1,178$875$642$466$174
27 years$1,491$1,109$812$587$420$150
28 years$1,422$1,045$755$538$379$129
29 years$1,358$986$703$494$342$111
30 years$1,299$931$655$453$309$95
31 years$1,243$880$610$416$280$82
32 years$1,191$833$569$382$253$71
33 years$1,143$789$532$352$229$61
34 years$1,097$747$497$323$207$53
35 years$1,054$709$464$298$188$45
36 years$1,013$673$435$274$170$39
37 years$975$639$407$253$154$34
38 years$939$607$381$233$140$29
39 years$905$578$357$215$127$25
40 years$872$549$334$198$115$22
41 years$841$523$314$183$104$19
42 years$812$498$294$169$95$16
43 years$784$475$276$156$86$14
44 years$758$452$259$144$78$12
45 years$733$431$243$133$71$10
46 years$709$412$229$123$64$9
47 years$686$393$215$113$58$8
48 years$664$375$202$105$53$7
49 years$643$358$190$97$48$6
50 years$623$342$178$89$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $638,000, adding $2,925 every year, while hoping to spend $21,964 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: 88/6/6 Blend
58$638,000$638,000$638,000$638,000
59$706,093$672,279$662,390$767,843
60$754,745$681,851$661,211$818,052
61$807,623$691,156$659,256$869,866
62$865,136$700,158$656,476$926,105
63$927,732$708,818$652,819$987,201
64$995,904$717,093$648,233$1,053,624
65$1,070,197$724,941$642,659$1,125,898
66$1,151,208$732,314$636,039$1,204,594
67$1,239,595$739,162$628,310$1,290,344
68$1,336,083$745,430$619,408$1,383,844
69$1,441,470$751,063$609,264$1,485,858
70$1,556,633$755,998$597,808$1,597,231
71$1,682,538$760,171$584,963$1,718,890
72$1,820,251$763,513$570,653$1,851,860
73$1,970,942$765,950$554,796$1,997,265
74$2,135,902$767,406$537,305$2,156,348
75$2,316,552$767,796$518,093$2,330,476
76$2,514,456$767,034$497,064$2,521,154
77$2,731,336$765,025$474,122$2,730,041
78$2,969,092$761,670$449,164$2,958,966
79$3,229,811$756,864$422,084$3,209,942
80$3,515,798$750,496$392,769$3,485,187
81$3,829,586$742,447$361,103$3,787,146
82$4,173,968$732,592$326,965$4,118,511
83$4,552,021$720,797$290,227$4,482,249
84$4,967,134$706,922$250,756$4,881,630
85$5,423,038$690,818$208,412$5,320,255
86$5,923,846$672,326$163,052$5,802,093
87$6,474,087$651,279$114,524$6,331,517
88$7,078,753$627,500$62,669$6,913,347
89$7,743,340$600,802$7,323$7,552,890
90$8,473,905$570,986$0$8,255,999
91$9,277,122$537,843$0$9,032,432
92$10,160,341$501,150$0$9,886,696
93$11,131,663$460,673$0$10,826,162
94$12,200,010$416,165$0$11,859,469
95$13,375,217$367,362$0$12,996,135
96$14,668,115$313,988$0$14,246,647
97$16,090,640$255,751$0$15,622,563
98$17,655,943$192,341$0$17,136,617
99$19,378,515$123,432$0$18,802,839
100$21,274,322$48,679$0$20,636,693