Can I retire at age 59 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$53,016$52,544$52,083$51,633$51,194$50,807
2 years$26,245$25,757$25,283$24,824$24,378$23,988
3 years$17,323$16,832$16,360$15,905$15,466$15,086
4 years$12,863$12,373$11,906$11,458$11,031$10,662
5 years$10,187$9,701$9,239$8,801$8,385$8,029
6 years$8,404$7,922$7,467$7,038$6,635$6,292
7 years$7,131$6,653$6,205$5,787$5,396$5,067
8 years$6,177$5,702$5,262$4,854$4,477$4,161
9 years$5,435$4,965$4,532$4,135$3,770$3,468
10 years$4,842$4,376$3,951$3,564$3,212$2,923
11 years$4,357$3,896$3,479$3,102$2,763$2,487
12 years$3,953$3,497$3,087$2,721$2,394$2,131
13 years$3,611$3,160$2,758$2,402$2,088$1,837
14 years$3,319$2,873$2,478$2,132$1,830$1,592
15 years$3,066$2,624$2,238$1,902$1,611$1,385
16 years$2,844$2,408$2,029$1,703$1,424$1,209
17 years$2,649$2,217$1,846$1,530$1,263$1,059
18 years$2,476$2,049$1,685$1,379$1,123$930
19 years$2,321$1,899$1,543$1,246$1,001$818
20 years$2,182$1,765$1,416$1,128$894$722
21 years$2,056$1,644$1,302$1,024$800$637
22 years$1,942$1,534$1,200$931$717$564
23 years$1,838$1,435$1,108$848$644$499
24 years$1,743$1,344$1,025$773$578$443
25 years$1,655$1,262$949$706$521$393
26 years$1,575$1,186$880$646$469$349
27 years$1,500$1,116$818$591$423$310
28 years$1,431$1,052$760$542$381$276
29 years$1,367$992$707$497$344$246
30 years$1,307$937$659$456$311$219
31 years$1,251$886$614$419$281$195
32 years$1,199$838$573$385$255$174
33 years$1,150$794$535$354$230$155
34 years$1,104$752$500$326$209$138
35 years$1,060$713$467$300$189$123
36 years$1,020$677$437$276$171$110
37 years$981$643$409$254$155$98
38 years$945$611$383$234$141$88
39 years$910$581$359$216$128$78
40 years$878$553$337$199$116$70
41 years$847$526$316$184$105$63
42 years$817$501$296$170$95$56
43 years$789$478$278$157$86$50
44 years$763$455$261$145$78$45
45 years$737$434$245$134$71$40
46 years$713$414$230$123$65$36
47 years$690$395$216$114$59$32
48 years$668$377$203$105$53$28
49 years$647$360$191$97$48$25
50 years$627$344$179$90$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $642,000, adding $3,780 every year, while hoping to spend $35,860 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: 54/35/11 Blend
58$642,000$642,000$642,000$642,000
59$711,383$677,357$667,406$747,600
60$745,789$672,393$651,609$767,648
61$782,503$665,983$634,082$785,241
62$821,722$658,020$614,727$803,550
63$863,663$648,388$593,445$822,649
64$908,562$636,965$570,131$842,623
65$956,681$623,621$544,676$863,568
66$1,008,304$608,220$516,964$885,590
67$1,063,745$590,617$486,877$908,808
68$1,123,347$570,658$454,288$933,357
69$1,187,489$548,181$419,067$959,386
70$1,256,585$523,013$381,077$987,065
71$1,331,089$494,973$340,176$1,016,581
72$1,411,502$463,869$296,214$1,048,144
73$1,498,374$429,497$249,035$1,081,988
74$1,592,307$391,642$198,477$1,118,377
75$1,693,967$350,077$144,371$1,157,602
76$1,804,082$304,561$86,538$1,199,988
77$1,923,455$254,841$24,793$1,245,900
78$2,052,967$200,648$0$1,295,742
79$2,193,589$141,700$0$1,354,788
80$2,346,389$77,696$0$1,422,135
81$2,512,539$8,322$0$1,495,453
82$2,693,331$0$0$1,575,386
83$2,890,186$0$0$1,688,363
84$3,104,667$0$0$1,815,003
85$3,338,495$0$0$1,953,125
86$3,593,565$0$0$2,103,855
87$3,871,959$0$0$2,268,432
88$4,175,973$0$0$2,448,221
89$4,508,133$0$0$2,644,722
90$4,871,218$0$0$2,859,591
91$5,268,290$0$0$3,094,646
92$5,702,720$0$0$3,351,894
93$6,178,220$0$0$3,633,542
94$6,698,876$0$0$3,942,020
95$7,269,189$0$0$4,280,005
96$7,894,116$0$0$4,650,445
97$8,579,114$0$0$5,056,587
98$9,330,196$0$0$5,502,008
99$10,153,982$0$0$5,990,645
100$11,057,766$0$0$6,526,837