Can I retire at age 59 with 639,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$52,768$52,298$51,839$51,392$50,955$50,131
2 years$26,123$25,636$25,165$24,708$24,264$23,437
3 years$17,242$16,754$16,283$15,830$15,394$14,589
4 years$12,803$12,316$11,850$11,405$10,979$10,202
5 years$10,140$9,656$9,196$8,760$8,346$7,599
6 years$8,365$7,885$7,432$7,005$6,604$5,888
7 years$7,098$6,621$6,176$5,760$5,371$4,686
8 years$6,148$5,676$5,238$4,832$4,456$3,802
9 years$5,410$4,942$4,511$4,115$3,752$3,130
10 years$4,819$4,356$3,933$3,548$3,197$2,605
11 years$4,336$3,878$3,463$3,087$2,750$2,187
12 years$3,934$3,481$3,073$2,708$2,383$1,850
13 years$3,594$3,145$2,745$2,391$2,078$1,573
14 years$3,303$2,859$2,467$2,122$1,821$1,344
15 years$3,051$2,612$2,227$1,893$1,604$1,153
16 years$2,831$2,396$2,019$1,695$1,417$992
17 years$2,637$2,207$1,837$1,523$1,257$856
18 years$2,464$2,039$1,677$1,372$1,117$741
19 years$2,310$1,890$1,536$1,240$996$642
20 years$2,172$1,756$1,409$1,123$890$557
21 years$2,047$1,636$1,296$1,019$796$485
22 years$1,933$1,527$1,195$927$714$422
23 years$1,829$1,428$1,103$844$641$368
24 years$1,735$1,338$1,020$770$576$321
25 years$1,647$1,256$945$703$518$280
26 years$1,567$1,180$876$643$467$245
27 years$1,493$1,111$814$588$421$214
28 years$1,424$1,047$756$539$380$187
29 years$1,360$987$704$494$343$164
30 years$1,301$932$656$454$310$143
31 years$1,245$882$611$417$280$125
32 years$1,193$834$570$383$253$110
33 years$1,144$790$533$352$229$96
34 years$1,099$749$498$324$208$84
35 years$1,055$710$465$298$188$74
36 years$1,015$674$435$275$170$65
37 years$977$640$407$253$154$57
38 years$940$608$381$233$140$50
39 years$906$578$357$215$127$44
40 years$874$550$335$198$115$38
41 years$843$524$314$183$104$34
42 years$814$499$295$169$95$30
43 years$786$475$276$156$86$26
44 years$759$453$260$144$78$23
45 years$734$432$244$133$71$20
46 years$710$412$229$123$64$18
47 years$687$393$215$113$58$15
48 years$665$376$202$105$53$14
49 years$644$359$190$97$48$12
50 years$624$343$179$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $639,000, adding $2,112 every year, while hoping to spend $30,093 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: 57/14/29 Blend
58$639,000$639,000$639,000$639,000
59$706,357$672,490$662,585$740,877
60$746,386$673,423$652,763$765,769
61$789,490$673,393$641,603$789,571
62$835,951$672,322$629,029$814,906
63$886,077$670,125$614,961$841,933
64$940,209$666,713$599,314$870,828
65$998,721$661,993$582,002$901,785
66$1,062,023$655,863$562,932$935,020
67$1,130,567$648,218$542,008$970,772
68$1,204,849$638,945$519,130$1,009,307
69$1,285,416$627,926$494,192$1,050,918
70$1,372,867$615,033$467,087$1,095,932
71$1,467,863$600,133$437,697$1,144,709
72$1,571,130$583,084$405,905$1,197,648
73$1,683,467$563,737$371,584$1,255,193
74$1,805,752$541,932$334,604$1,317,832
75$1,938,954$517,501$294,829$1,386,109
76$2,084,136$490,268$252,114$1,460,622
77$2,242,471$460,043$206,313$1,542,036
78$2,415,246$426,629$157,268$1,631,084
79$2,603,882$389,815$104,817$1,728,578
80$2,809,941$349,379$48,791$1,835,418
81$3,035,142$305,085$0$1,952,595
82$3,281,380$256,687$0$2,084,610
83$3,550,738$203,923$0$2,245,606
84$3,845,512$146,514$0$2,421,872
85$4,168,230$84,169$0$2,614,950
86$4,521,676$16,579$0$2,826,545
87$4,908,914$0$0$3,058,532
88$5,333,320$0$0$3,321,697
89$5,798,612$0$0$3,613,072
90$6,308,884$0$0$3,932,673
91$6,868,647$0$0$4,283,331
92$7,482,868$0$0$4,668,167
93$8,157,018$0$0$5,090,616
94$8,897,125$0$0$5,554,463
95$9,709,828$0$0$6,063,877
96$10,602,440$0$0$6,623,452
97$11,583,018$0$0$7,238,247
98$12,660,437$0$0$7,913,836
99$13,844,476$0$0$8,656,359
100$15,145,906$0$0$9,472,582