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%11.7%
1 years$52,685$52,216$51,758$51,311$50,875$50,512
2 years$26,082$25,596$25,125$24,669$24,226$23,860
3 years$17,215$16,727$16,258$15,806$15,370$15,012
4 years$12,783$12,296$11,832$11,387$10,962$10,615
5 years$10,124$9,641$9,182$8,746$8,333$7,999
6 years$8,352$7,872$7,420$6,995$6,594$6,272
7 years$7,087$6,611$6,166$5,751$5,363$5,053
8 years$6,138$5,667$5,229$4,824$4,449$4,152
9 years$5,401$4,934$4,504$4,109$3,746$3,462
10 years$4,812$4,349$3,927$3,542$3,192$2,920
11 years$4,330$3,872$3,457$3,083$2,745$2,486
12 years$3,928$3,475$3,068$2,704$2,379$2,132
13 years$3,589$3,140$2,741$2,387$2,075$1,839
14 years$3,298$2,855$2,463$2,119$1,819$1,594
15 years$3,047$2,608$2,224$1,890$1,601$1,388
16 years$2,827$2,393$2,016$1,692$1,415$1,213
17 years$2,633$2,203$1,835$1,520$1,255$1,063
18 years$2,461$2,036$1,675$1,370$1,116$934
19 years$2,307$1,887$1,533$1,238$994$823
20 years$2,168$1,754$1,407$1,121$888$726
21 years$2,043$1,633$1,294$1,018$795$642
22 years$1,930$1,525$1,193$925$713$568
23 years$1,827$1,426$1,101$843$640$503
24 years$1,732$1,336$1,019$769$575$447
25 years$1,645$1,254$943$702$517$397
26 years$1,565$1,178$875$642$466$353
27 years$1,491$1,109$812$587$420$314
28 years$1,422$1,045$755$538$379$279
29 years$1,358$986$703$494$342$249
30 years$1,299$931$655$453$309$222
31 years$1,243$880$610$416$280$198
32 years$1,191$833$569$382$253$176
33 years$1,143$789$532$352$229$157
34 years$1,097$747$497$323$207$141
35 years$1,054$709$464$298$188$126
36 years$1,013$673$435$274$170$112
37 years$975$639$407$253$154$100
38 years$939$607$381$233$140$90
39 years$905$578$357$215$127$80
40 years$872$549$334$198$115$72
41 years$841$523$314$183$104$64
42 years$812$498$294$169$95$57
43 years$784$475$276$156$86$51
44 years$758$452$259$144$78$46
45 years$733$431$243$133$71$41
46 years$709$412$229$123$64$37
47 years$686$393$215$113$58$33
48 years$664$375$202$105$53$29
49 years$643$358$190$97$48$26
50 years$623$342$178$89$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $638,000, adding $3,906 every year, while hoping to spend $26,657 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: 63/15/22 Blend
58$638,000$638,000$638,000$638,000
59$707,105$673,291$663,402$747,377
60$750,867$677,919$657,263$779,650
61$798,199$681,881$650,025$811,559
62$849,438$685,116$641,623$845,803
63$904,952$687,558$631,989$882,613
64$965,148$689,139$621,052$922,244
65$1,030,472$689,787$608,737$964,978
66$1,101,417$689,422$594,966$1,011,126
67$1,178,522$687,964$579,657$1,061,031
68$1,262,381$685,324$562,726$1,115,074
69$1,353,649$681,410$544,082$1,173,673
70$1,453,045$676,123$523,633$1,237,292
71$1,561,361$669,359$501,280$1,306,441
72$1,679,469$661,007$476,922$1,381,685
73$1,808,327$650,949$450,451$1,463,648
74$1,948,992$639,061$421,757$1,553,017
75$2,102,626$625,211$390,723$1,650,552
76$2,270,508$609,261$357,226$1,757,092
77$2,454,046$591,061$321,139$1,873,562
78$2,654,791$570,455$282,330$2,000,985
79$2,874,451$547,279$240,659$2,140,488
80$3,114,906$521,356$195,982$2,293,316
81$3,378,226$492,502$148,147$2,460,843
82$3,666,691$460,520$96,995$2,644,585
83$3,982,811$425,204$42,363$2,846,216
84$4,329,353$386,334$0$3,067,581
85$4,709,361$343,679$0$3,314,460
86$5,126,190$296,993$0$3,596,214
87$5,583,535$246,019$0$3,905,412
88$6,085,464$190,483$0$4,244,837
89$6,636,462$130,097$0$4,617,555
90$7,241,465$64,555$0$5,026,945
91$7,905,912$0$0$5,476,734
92$8,635,797$0$0$5,972,094
93$9,437,720$0$0$6,528,100
94$10,318,952$0$0$7,139,144
95$11,287,506$0$0$7,810,788
96$12,352,207$0$0$8,549,159
97$13,522,779$0$0$9,361,005
98$14,809,934$0$0$10,253,765
99$16,225,476$0$0$11,235,632
100$17,782,408$0$0$12,315,632