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%14.5%
1 years$52,933$52,462$52,002$51,553$51,114$50,164
2 years$26,205$25,717$25,244$24,785$24,340$23,387
3 years$17,296$16,806$16,334$15,880$15,442$14,515
4 years$12,843$12,354$11,887$11,441$11,014$10,120
5 years$10,172$9,686$9,225$8,787$8,372$7,514
6 years$8,391$7,909$7,455$7,027$6,625$5,803
7 years$7,120$6,642$6,195$5,778$5,388$4,603
8 years$6,167$5,694$5,254$4,847$4,470$3,722
9 years$5,426$4,957$4,525$4,128$3,764$3,053
10 years$4,834$4,370$3,945$3,559$3,207$2,532
11 years$4,350$3,890$3,473$3,097$2,758$2,118
12 years$3,947$3,491$3,083$2,717$2,390$1,784
13 years$3,606$3,155$2,754$2,398$2,084$1,511
14 years$3,314$2,868$2,474$2,129$1,827$1,286
15 years$3,061$2,620$2,234$1,899$1,609$1,098
16 years$2,840$2,404$2,026$1,700$1,422$941
17 years$2,645$2,214$1,843$1,527$1,261$809
18 years$2,472$2,046$1,683$1,377$1,121$697
19 years$2,318$1,896$1,540$1,244$999$601
20 years$2,179$1,762$1,414$1,127$892$520
21 years$2,053$1,641$1,300$1,022$799$450
22 years$1,939$1,532$1,198$930$716$390
23 years$1,835$1,433$1,107$847$643$338
24 years$1,740$1,342$1,023$772$578$294
25 years$1,653$1,260$948$705$520$255
26 years$1,572$1,184$879$645$468$222
27 years$1,498$1,114$816$590$422$193
28 years$1,429$1,050$759$541$381$168
29 years$1,365$990$706$496$344$146
30 years$1,305$935$658$455$311$127
31 years$1,249$884$613$418$281$111
32 years$1,197$837$572$384$254$97
33 years$1,148$792$534$353$230$84
34 years$1,102$751$499$325$208$74
35 years$1,059$712$467$299$189$64
36 years$1,018$676$437$276$171$56
37 years$980$642$409$254$155$49
38 years$943$610$383$234$140$43
39 years$909$580$358$216$127$37
40 years$876$552$336$199$115$32
41 years$845$526$315$184$105$28
42 years$816$500$296$169$95$25
43 years$788$477$277$156$86$22
44 years$762$455$260$144$78$19
45 years$736$433$244$133$71$16
46 years$712$414$230$123$65$14
47 years$689$395$216$114$59$13
48 years$667$377$203$105$53$11
49 years$646$360$191$97$48$10
50 years$626$344$179$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $641,000, adding $2,661 every year, while hoping to spend $29,922 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: 67/12/21 Blend
58$641,000$641,000$641,000$641,000
59$709,127$675,154$665,218$752,718
60$749,621$676,400$655,666$783,510
61$793,243$676,704$644,792$813,477
62$840,279$675,988$632,518$845,536
63$891,047$674,170$618,766$879,893
64$945,892$671,163$603,453$916,775
65$1,005,196$666,873$586,492$956,432
66$1,069,377$661,201$567,791$999,143
67$1,138,898$654,044$547,256$1,045,213
68$1,214,263$645,290$524,787$1,094,981
69$1,296,031$634,822$500,280$1,148,821
70$1,384,813$622,515$473,626$1,207,146
71$1,481,283$608,238$444,712$1,270,412
72$1,586,182$591,850$413,418$1,339,124
73$1,700,327$573,204$379,622$1,413,837
74$1,824,613$552,144$343,192$1,495,167
75$1,960,028$528,504$303,993$1,583,792
76$2,107,659$502,108$261,885$1,680,461
77$2,268,701$472,772$216,719$1,786,003
78$2,444,470$440,300$168,340$1,901,331
79$2,636,414$404,483$116,589$2,027,454
80$2,846,130$365,104$61,296$2,165,484
81$3,075,371$321,930$2,285$2,316,652
82$3,326,072$274,718$0$2,482,314
83$3,600,360$223,208$0$2,677,566
84$3,900,579$167,127$0$2,891,892
85$4,229,309$106,187$0$3,126,649
86$4,589,392$40,084$0$3,383,896
87$4,983,958$0$0$3,665,902
88$5,416,452$0$0$3,979,331
89$5,890,670$0$0$4,328,840
90$6,410,794$0$0$4,712,223
91$6,981,428$0$0$5,132,879
92$7,607,643$0$0$5,594,553
93$8,295,026$0$0$6,101,368
94$9,049,732$0$0$6,657,867
95$9,878,540$0$0$7,269,056
96$10,788,916$0$0$7,940,446
97$11,789,088$0$0$8,678,111
98$12,888,118$0$0$9,488,742
99$14,095,990$0$0$10,379,710
100$15,423,703$0$0$11,359,134