Can I retire at age 59 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$52,851$52,380$51,921$51,472$51,034$49,126
2 years$26,164$25,676$25,204$24,746$24,302$22,401
3 years$17,269$16,780$16,309$15,855$15,418$13,585
4 years$12,823$12,335$11,869$11,423$10,996$9,244
5 years$10,156$9,671$9,211$8,774$8,359$6,693
6 years$8,378$7,897$7,443$7,016$6,614$5,035
7 years$7,109$6,632$6,186$5,769$5,379$3,887
8 years$6,158$5,685$5,246$4,839$4,463$3,055
9 years$5,418$4,950$4,518$4,122$3,758$2,434
10 years$4,827$4,363$3,939$3,553$3,202$1,959
11 years$4,343$3,884$3,468$3,092$2,754$1,589
12 years$3,941$3,486$3,078$2,712$2,387$1,297
13 years$3,600$3,150$2,750$2,395$2,081$1,063
14 years$3,309$2,864$2,471$2,126$1,824$876
15 years$3,056$2,616$2,231$1,896$1,606$723
16 years$2,835$2,400$2,022$1,697$1,420$599
17 years$2,641$2,210$1,840$1,525$1,259$497
18 years$2,468$2,042$1,680$1,374$1,119$413
19 years$2,314$1,893$1,538$1,242$998$344
20 years$2,175$1,759$1,411$1,125$891$286
21 years$2,050$1,638$1,298$1,021$797$239
22 years$1,936$1,529$1,197$928$715$199
23 years$1,832$1,430$1,105$845$642$167
24 years$1,737$1,340$1,022$771$577$139
25 years$1,650$1,258$946$704$519$116
26 years$1,570$1,182$878$644$467$97
27 years$1,495$1,112$815$589$421$82
28 years$1,426$1,048$758$540$380$68
29 years$1,362$989$705$495$343$57
30 years$1,303$934$657$454$310$48
31 years$1,247$883$612$417$280$40
32 years$1,195$835$571$384$254$34
33 years$1,146$791$533$353$230$28
34 years$1,100$750$498$324$208$24
35 years$1,057$711$466$299$188$20
36 years$1,016$675$436$275$171$17
37 years$978$641$408$253$155$14
38 years$942$609$382$234$140$12
39 years$908$579$358$215$127$10
40 years$875$551$335$199$115$8
41 years$844$525$315$183$105$7
42 years$815$500$295$169$95$6
43 years$787$476$277$156$86$5
44 years$760$454$260$144$78$4
45 years$735$433$244$133$71$3
46 years$711$413$229$123$64$3
47 years$688$394$215$114$59$2
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $640,000, adding $3,340 every year, while hoping to spend $31,622 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: 30/40/30 Blend
58$640,000$640,000$640,000$640,000
59$708,725$674,805$664,885$723,393
60$747,370$674,225$653,513$734,634
61$788,896$672,557$640,701$743,754
62$833,565$669,713$626,365$752,950
63$881,662$665,603$610,422$762,251
64$933,502$660,128$592,782$771,693
65$989,430$653,185$573,351$781,317
66$1,049,825$644,664$552,031$791,172
67$1,115,104$634,449$528,721$801,317
68$1,185,724$622,417$503,313$811,817
69$1,262,189$608,437$475,695$822,749
70$1,345,053$592,371$445,751$834,203
71$1,434,923$574,072$413,359$846,280
72$1,532,470$553,386$378,391$859,097
73$1,638,429$530,149$340,714$872,787
74$1,753,609$504,187$300,188$887,503
75$1,878,902$475,316$256,669$903,416
76$2,015,286$443,344$210,005$920,722
77$2,163,842$408,063$160,036$939,643
78$2,325,754$369,259$106,597$960,429
79$2,502,329$326,701$49,517$983,361
80$2,695,004$280,147$0$1,008,757
81$2,905,362$229,341$0$1,040,624
82$3,135,143$174,013$0$1,092,866
83$3,386,265$113,877$0$1,150,130
84$3,660,839$48,632$0$1,212,987
85$3,961,188$0$0$1,282,071
86$4,289,871$0$0$1,367,787
87$4,649,707$0$0$1,485,160
88$5,043,797$0$0$1,613,807
89$5,475,558$0$0$1,754,856
90$5,948,754$0$0$1,909,551
91$6,467,529$0$0$2,079,259
92$7,036,447$0$0$2,265,488
93$7,660,535$0$0$2,469,897
94$8,345,330$0$0$2,694,316
95$9,096,933$0$0$2,940,760
96$9,922,061$0$0$3,211,447
97$10,828,116$0$0$3,508,821
98$11,823,249$0$0$3,835,577
99$12,916,441$0$0$4,194,681
100$14,117,586$0$0$4,589,402