Can I retire at age 59 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$53,098$52,625$52,164$51,714$51,274$50,424
2 years$26,286$25,797$25,322$24,862$24,416$23,563
3 years$17,350$16,858$16,385$15,929$15,491$14,660
4 years$12,883$12,393$11,924$11,476$11,048$10,246
5 years$10,203$9,716$9,254$8,815$8,399$7,628
6 years$8,417$7,934$7,478$7,049$6,645$5,908
7 years$7,142$6,663$6,215$5,796$5,405$4,699
8 years$6,186$5,711$5,270$4,862$4,484$3,811
9 years$5,443$4,973$4,539$4,141$3,776$3,135
10 years$4,849$4,383$3,958$3,570$3,217$2,608
11 years$4,364$3,902$3,484$3,107$2,767$2,188
12 years$3,959$3,502$3,092$2,725$2,398$1,849
13 years$3,617$3,165$2,763$2,406$2,091$1,571
14 years$3,324$2,877$2,482$2,136$1,833$1,342
15 years$3,070$2,628$2,241$1,905$1,614$1,150
16 years$2,849$2,411$2,032$1,705$1,426$989
17 years$2,653$2,221$1,849$1,532$1,265$853
18 years$2,480$2,052$1,688$1,381$1,124$737
19 years$2,325$1,902$1,545$1,248$1,002$639
20 years$2,185$1,767$1,418$1,130$895$554
21 years$2,059$1,646$1,304$1,026$801$481
22 years$1,945$1,537$1,202$933$718$419
23 years$1,841$1,437$1,110$849$645$365
24 years$1,745$1,347$1,027$775$579$318
25 years$1,658$1,264$951$707$521$277
26 years$1,577$1,188$882$647$470$242
27 years$1,502$1,118$819$592$423$211
28 years$1,433$1,053$761$542$382$185
29 years$1,369$994$708$497$345$162
30 years$1,309$938$660$456$312$141
31 years$1,253$887$615$419$282$124
32 years$1,201$839$574$385$255$108
33 years$1,152$795$536$354$231$95
34 years$1,105$753$501$326$209$83
35 years$1,062$715$468$300$189$73
36 years$1,021$678$438$276$171$64
37 years$983$644$410$255$155$56
38 years$946$612$384$235$141$49
39 years$912$582$360$216$128$43
40 years$879$554$337$200$116$38
41 years$848$527$316$184$105$33
42 years$819$502$296$170$95$29
43 years$791$478$278$157$87$25
44 years$764$456$261$145$79$22
45 years$739$435$245$134$71$19
46 years$714$415$230$124$65$17
47 years$691$396$216$114$59$15
48 years$669$378$203$106$53$13
49 years$648$361$191$98$49$12
50 years$628$345$180$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $643,000, adding $5,828 every year, while hoping to spend $20,677 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: 67/18/15 Blend
58$643,000$643,000$643,000$643,000
59$714,598$680,519$670,552$759,570
60$765,486$691,864$671,015$801,659
61$820,873$703,072$670,801$844,693
62$881,194$714,114$669,865$891,229
63$946,930$724,961$668,160$941,609
64$1,018,611$735,578$665,638$996,211
65$1,096,819$745,931$662,246$1,055,448
66$1,182,195$755,982$657,932$1,119,780
67$1,275,444$765,690$652,638$1,189,711
68$1,377,344$775,014$646,306$1,265,797
69$1,488,750$783,906$638,873$1,348,652
70$1,610,602$792,317$630,276$1,438,951
71$1,743,939$800,196$620,445$1,537,440
72$1,889,901$807,486$609,310$1,644,941
73$2,049,746$814,128$596,797$1,762,357
74$2,224,858$820,058$582,828$1,890,689
75$2,416,761$825,209$567,321$2,031,035
76$2,627,136$829,508$550,190$2,184,610
77$2,857,830$832,881$531,348$2,352,750
78$3,110,880$835,244$510,700$2,536,929
79$3,388,531$836,512$488,150$2,738,773
80$3,693,253$836,593$463,595$2,960,073
81$4,027,768$835,389$436,928$3,202,803
82$4,395,074$832,797$408,039$3,469,141
83$4,798,475$828,707$376,812$3,761,488
84$5,241,608$823,002$343,123$4,082,487
85$5,728,482$815,559$306,848$4,435,056
86$6,263,512$806,247$267,852$4,822,410
87$6,851,563$794,926$225,998$5,248,094
88$7,497,995$781,449$181,141$5,716,013
89$8,208,710$765,660$133,130$6,230,474
90$8,990,216$747,394$81,806$6,796,225
91$9,849,677$726,476$27,007$7,418,500
92$10,794,992$702,721$0$8,103,066
93$11,834,858$675,932$0$8,861,319
94$12,978,863$645,902$0$9,700,173
95$14,237,567$612,410$0$10,623,056
96$15,622,606$575,226$0$11,638,515
97$17,146,804$534,104$0$12,755,972
98$18,824,286$488,783$0$13,985,808
99$20,670,619$438,990$0$15,339,463
100$22,702,955$384,433$0$16,829,548