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%12.3%
1 years$53,016$52,544$52,083$51,633$51,194$50,702
2 years$26,245$25,757$25,283$24,824$24,378$23,882
3 years$17,323$16,832$16,360$15,905$15,466$14,982
4 years$12,863$12,373$11,906$11,458$11,031$10,562
5 years$10,187$9,701$9,239$8,801$8,385$7,933
6 years$8,404$7,922$7,467$7,038$6,635$6,201
7 years$7,131$6,653$6,205$5,787$5,396$4,979
8 years$6,177$5,702$5,262$4,854$4,477$4,077
9 years$5,435$4,965$4,532$4,135$3,770$3,388
10 years$4,842$4,376$3,951$3,564$3,212$2,848
11 years$4,357$3,896$3,479$3,102$2,763$2,415
12 years$3,953$3,497$3,087$2,721$2,394$2,063
13 years$3,611$3,160$2,758$2,402$2,088$1,773
14 years$3,319$2,873$2,478$2,132$1,830$1,531
15 years$3,066$2,624$2,238$1,902$1,611$1,328
16 years$2,844$2,408$2,029$1,703$1,424$1,155
17 years$2,649$2,217$1,846$1,530$1,263$1,008
18 years$2,476$2,049$1,685$1,379$1,123$882
19 years$2,321$1,899$1,543$1,246$1,001$774
20 years$2,182$1,765$1,416$1,128$894$680
21 years$2,056$1,644$1,302$1,024$800$598
22 years$1,942$1,534$1,200$931$717$527
23 years$1,838$1,435$1,108$848$644$465
24 years$1,743$1,344$1,025$773$578$411
25 years$1,655$1,262$949$706$521$363
26 years$1,575$1,186$880$646$469$321
27 years$1,500$1,116$818$591$423$284
28 years$1,431$1,052$760$542$381$252
29 years$1,367$992$707$497$344$223
30 years$1,307$937$659$456$311$198
31 years$1,251$886$614$419$281$176
32 years$1,199$838$573$385$255$156
33 years$1,150$794$535$354$230$139
34 years$1,104$752$500$326$209$123
35 years$1,060$713$467$300$189$109
36 years$1,020$677$437$276$171$97
37 years$981$643$409$254$155$86
38 years$945$611$383$234$141$77
39 years$910$581$359$216$128$68
40 years$878$553$337$199$116$61
41 years$847$526$316$184$105$54
42 years$817$501$296$170$95$48
43 years$789$478$278$157$86$43
44 years$763$455$261$145$78$38
45 years$737$434$245$134$71$34
46 years$713$414$230$123$65$30
47 years$690$395$216$114$59$27
48 years$668$377$203$105$53$24
49 years$647$360$191$97$48$21
50 years$627$344$179$90$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $642,000, adding $5,226 every year, while hoping to spend $50,031 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: 84/6/10 Blend
58$642,000$642,000$642,000$642,000
59$712,875$678,849$668,898$771,255
60$732,355$658,880$638,073$790,237
61$752,146$636,255$604,539$803,822
62$772,226$610,793$568,152$817,205
63$792,570$582,298$528,762$830,337
64$813,148$550,567$486,212$843,160
65$833,928$515,383$440,338$855,614
66$854,868$476,517$390,970$867,630
67$875,925$433,727$337,927$879,133
68$897,046$386,756$281,025$890,039
69$918,173$335,335$220,067$900,256
70$939,238$279,178$154,850$909,685
71$960,165$217,982$85,163$918,213
72$980,867$151,429$10,782$925,718
73$1,001,249$79,183$0$932,065
74$1,021,200$886$0$944,425
75$1,040,598$0$0$957,019
76$1,059,303$0$0$974,078
77$1,077,163$0$0$990,406
78$1,094,004$0$0$1,005,783
79$1,109,631$0$0$1,020,032
80$1,123,830$0$0$1,032,951
81$1,136,360$0$0$1,044,317
82$1,146,951$0$0$1,053,882
83$1,155,305$0$0$1,061,369
84$1,161,089$0$0$1,066,469
85$1,163,933$0$0$1,068,839
86$1,163,427$0$0$1,068,100
87$1,159,113$0$0$1,063,827
88$1,150,484$0$0$1,055,552
89$1,136,980$0$0$1,042,755
90$1,117,977$0$0$1,024,858
91$1,092,784$0$0$1,001,220
92$1,060,635$0$0$971,135
93$1,020,683$0$0$933,816
94$971,990$0$0$888,395
95$913,516$0$0$833,910
96$844,114$0$0$769,296
97$762,511$0$0$693,378
98$667,302$0$0$604,852
99$556,933$0$0$502,281
100$429,686$0$0$384,072