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%17%
1 years$53,098$52,625$52,164$51,714$51,274$49,812
2 years$26,286$25,797$25,322$24,862$24,416$22,955
3 years$17,350$16,858$16,385$15,929$15,491$14,076
4 years$12,883$12,393$11,924$11,476$11,048$9,690
5 years$10,203$9,716$9,254$8,815$8,399$7,101
6 years$8,417$7,934$7,478$7,049$6,645$5,410
7 years$7,142$6,663$6,215$5,796$5,405$4,231
8 years$6,186$5,711$5,270$4,862$4,484$3,372
9 years$5,443$4,973$4,539$4,141$3,776$2,724
10 years$4,849$4,383$3,958$3,570$3,217$2,224
11 years$4,364$3,902$3,484$3,107$2,767$1,831
12 years$3,959$3,502$3,092$2,725$2,398$1,518
13 years$3,617$3,165$2,763$2,406$2,091$1,264
14 years$3,324$2,877$2,482$2,136$1,833$1,058
15 years$3,070$2,628$2,241$1,905$1,614$888
16 years$2,849$2,411$2,032$1,705$1,426$747
17 years$2,653$2,221$1,849$1,532$1,265$631
18 years$2,480$2,052$1,688$1,381$1,124$533
19 years$2,325$1,902$1,545$1,248$1,002$452
20 years$2,185$1,767$1,418$1,130$895$383
21 years$2,059$1,646$1,304$1,026$801$325
22 years$1,945$1,537$1,202$933$718$276
23 years$1,841$1,437$1,110$849$645$235
24 years$1,745$1,347$1,027$775$579$200
25 years$1,658$1,264$951$707$521$171
26 years$1,577$1,188$882$647$470$145
27 years$1,502$1,118$819$592$423$124
28 years$1,433$1,053$761$542$382$106
29 years$1,369$994$708$497$345$90
30 years$1,309$938$660$456$312$77
31 years$1,253$887$615$419$282$66
32 years$1,201$839$574$385$255$56
33 years$1,152$795$536$354$231$48
34 years$1,105$753$501$326$209$41
35 years$1,062$715$468$300$189$35
36 years$1,021$678$438$276$171$30
37 years$983$644$410$255$155$25
38 years$946$612$384$235$141$22
39 years$912$582$360$216$128$19
40 years$879$554$337$200$116$16
41 years$848$527$316$184$105$14
42 years$819$502$296$170$95$12
43 years$791$478$278$157$87$10
44 years$764$456$261$145$79$8
45 years$739$435$245$134$71$7
46 years$714$415$230$124$65$6
47 years$691$396$216$114$59$5
48 years$669$378$203$106$53$5
49 years$648$361$191$98$49$4
50 years$628$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $643,000, adding $6,020 every year, while hoping to spend $24,436 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: 80/11/9 Blend
58$643,000$643,000$643,000$643,000
59$714,796$680,717$670,750$770,543
60$761,705$688,072$667,221$815,317
61$812,580$694,969$662,754$860,623
62$867,800$701,359$657,292$909,610
63$927,781$707,191$650,777$962,634
64$992,981$712,409$643,144$1,020,088
65$1,063,904$716,956$634,329$1,082,402
66$1,141,105$720,770$624,261$1,150,052
67$1,225,193$723,784$612,870$1,223,562
68$1,316,842$725,928$600,080$1,303,508
69$1,416,789$727,127$585,812$1,390,527
70$1,525,848$727,303$569,983$1,485,319
71$1,644,914$726,370$552,507$1,588,655
72$1,774,972$724,240$533,293$1,701,385
73$1,917,109$720,817$512,248$1,824,447
74$2,072,518$716,001$489,272$1,958,873
75$2,242,514$709,684$464,262$2,105,800
76$2,428,545$701,754$437,110$2,266,483
77$2,632,207$692,090$407,703$2,442,301
78$2,855,255$680,565$375,924$2,634,779
79$3,099,622$667,044$341,648$2,845,594
80$3,367,438$651,384$304,749$3,076,594
81$3,661,049$633,434$265,090$3,329,818
82$3,983,037$613,033$222,531$3,607,512
83$4,336,247$590,012$176,927$3,912,150
84$4,723,814$564,192$128,123$4,246,460
85$5,149,188$535,383$75,961$4,613,449
86$5,616,173$503,384$20,272$5,016,430
87$6,128,955$467,982$0$5,459,055
88$6,692,149$428,954$0$5,949,109
89$7,310,837$386,062$0$6,489,589
90$7,990,618$339,055$0$7,083,454
91$8,737,661$287,667$0$7,736,111
92$9,558,759$231,620$0$8,453,517
93$10,461,400$170,617$0$9,242,240
94$11,453,831$104,346$0$10,109,513
95$12,545,140$32,476$0$11,063,311
96$13,745,336$0$0$12,112,418
97$15,065,452$0$0$13,272,004
98$16,517,639$0$0$14,551,947
99$18,115,288$0$0$15,960,119
100$19,873,152$0$0$17,509,527