Can I retire at age 59 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$52,933$52,462$52,002$51,553$51,114$50,392
2 years$26,205$25,717$25,244$24,785$24,340$23,614
3 years$17,296$16,806$16,334$15,880$15,442$14,735
4 years$12,843$12,354$11,887$11,441$11,014$10,330
5 years$10,172$9,686$9,225$8,787$8,372$7,715
6 years$8,391$7,909$7,455$7,027$6,625$5,994
7 years$7,120$6,642$6,195$5,778$5,388$4,784
8 years$6,167$5,694$5,254$4,847$4,470$3,893
9 years$5,426$4,957$4,525$4,128$3,764$3,214
10 years$4,834$4,370$3,945$3,559$3,207$2,683
11 years$4,350$3,890$3,473$3,097$2,758$2,260
12 years$3,947$3,491$3,083$2,717$2,390$1,917
13 years$3,606$3,155$2,754$2,398$2,084$1,636
14 years$3,314$2,868$2,474$2,129$1,827$1,402
15 years$3,061$2,620$2,234$1,899$1,609$1,207
16 years$2,840$2,404$2,026$1,700$1,422$1,042
17 years$2,645$2,214$1,843$1,527$1,261$903
18 years$2,472$2,046$1,683$1,377$1,121$784
19 years$2,318$1,896$1,540$1,244$999$682
20 years$2,179$1,762$1,414$1,127$892$594
21 years$2,053$1,641$1,300$1,022$799$518
22 years$1,939$1,532$1,198$930$716$453
23 years$1,835$1,433$1,107$847$643$396
24 years$1,740$1,342$1,023$772$578$347
25 years$1,653$1,260$948$705$520$304
26 years$1,572$1,184$879$645$468$267
27 years$1,498$1,114$816$590$422$234
28 years$1,429$1,050$759$541$381$206
29 years$1,365$990$706$496$344$181
30 years$1,305$935$658$455$311$159
31 years$1,249$884$613$418$281$140
32 years$1,197$837$572$384$254$123
33 years$1,148$792$534$353$230$108
34 years$1,102$751$499$325$208$95
35 years$1,059$712$467$299$189$84
36 years$1,018$676$437$276$171$74
37 years$980$642$409$254$155$65
38 years$943$610$383$234$140$57
39 years$909$580$358$216$127$50
40 years$876$552$336$199$115$44
41 years$845$526$315$184$105$39
42 years$816$500$296$169$95$35
43 years$788$477$277$156$86$30
44 years$762$455$260$144$78$27
45 years$736$433$244$133$71$24
46 years$712$414$230$123$65$21
47 years$689$395$216$114$59$18
48 years$667$377$203$105$53$16
49 years$646$360$191$97$48$14
50 years$626$344$179$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $641,000, adding $2,485 every year, while hoping to spend $21,404 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: 35/50/15 Blend
58$641,000$641,000$641,000$641,000
59$708,945$674,972$665,037$730,393
60$758,484$685,272$664,542$756,479
61$812,358$695,360$663,313$782,405
62$870,988$705,201$661,303$809,917
63$934,834$714,762$658,462$839,166
64$1,004,406$724,003$654,739$870,322
65$1,080,261$732,886$650,079$903,568
66$1,163,017$741,366$644,425$939,113
67$1,253,349$749,397$637,718$977,183
68$1,352,003$756,931$629,895$1,018,031
69$1,459,802$763,914$620,890$1,061,936
70$1,577,647$770,291$610,635$1,109,205
71$1,706,534$776,003$599,059$1,160,182
72$1,847,559$780,985$586,085$1,215,243
73$2,001,927$785,171$571,636$1,274,806
74$2,170,967$788,488$555,630$1,339,333
75$2,356,142$790,860$537,980$1,409,336
76$2,559,063$792,206$518,596$1,485,378
77$2,781,503$792,440$497,385$1,568,084
78$3,025,416$791,470$474,248$1,658,145
79$3,292,955$789,198$449,082$1,756,324
80$3,586,490$785,523$421,779$1,863,464
81$3,908,632$780,333$392,228$1,980,498
82$4,262,256$773,513$360,312$2,108,456
83$4,650,530$764,939$325,906$2,248,475
84$5,076,945$754,481$288,885$2,401,814
85$5,545,343$742,001$249,112$2,569,863
86$6,059,961$727,352$206,450$2,754,155
87$6,625,463$710,378$160,752$2,956,387
88$7,246,989$690,915$111,866$3,178,430
89$7,930,200$668,789$59,632$3,422,354
90$8,681,336$643,815$3,886$3,690,441
91$9,507,269$615,798$0$3,985,214
92$10,415,571$584,533$0$4,318,356
93$11,414,584$549,800$0$4,685,284
94$12,513,500$511,369$0$5,088,800
95$13,722,447$468,995$0$5,532,681
96$15,052,582$422,422$0$6,021,095
97$16,516,200$371,375$0$6,558,642
98$18,126,847$315,567$0$7,150,394
99$19,899,448$254,693$0$7,801,948
100$21,850,451$188,431$0$8,519,480