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%11.2%
1 years$53,098$52,625$52,164$51,714$51,274$51,015
2 years$26,286$25,797$25,322$24,862$24,416$24,155
3 years$17,350$16,858$16,385$15,929$15,491$15,235
4 years$12,883$12,393$11,924$11,476$11,048$10,800
5 years$10,203$9,716$9,254$8,815$8,399$8,159
6 years$8,417$7,934$7,478$7,049$6,645$6,415
7 years$7,142$6,663$6,215$5,796$5,405$5,183
8 years$6,186$5,711$5,270$4,862$4,484$4,270
9 years$5,443$4,973$4,539$4,141$3,776$3,571
10 years$4,849$4,383$3,958$3,570$3,217$3,022
11 years$4,364$3,902$3,484$3,107$2,767$2,580
12 years$3,959$3,502$3,092$2,725$2,398$2,219
13 years$3,617$3,165$2,763$2,406$2,091$1,920
14 years$3,324$2,877$2,482$2,136$1,833$1,670
15 years$3,070$2,628$2,241$1,905$1,614$1,459
16 years$2,849$2,411$2,032$1,705$1,426$1,279
17 years$2,653$2,221$1,849$1,532$1,265$1,125
18 years$2,480$2,052$1,688$1,381$1,124$992
19 years$2,325$1,902$1,545$1,248$1,002$877
20 years$2,185$1,767$1,418$1,130$895$777
21 years$2,059$1,646$1,304$1,026$801$689
22 years$1,945$1,537$1,202$933$718$612
23 years$1,841$1,437$1,110$849$645$545
24 years$1,745$1,347$1,027$775$579$485
25 years$1,658$1,264$951$707$521$432
26 years$1,577$1,188$882$647$470$386
27 years$1,502$1,118$819$592$423$345
28 years$1,433$1,053$761$542$382$308
29 years$1,369$994$708$497$345$276
30 years$1,309$938$660$456$312$247
31 years$1,253$887$615$419$282$221
32 years$1,201$839$574$385$255$198
33 years$1,152$795$536$354$231$177
34 years$1,105$753$501$326$209$159
35 years$1,062$715$468$300$189$143
36 years$1,021$678$438$276$171$128
37 years$983$644$410$255$155$115
38 years$946$612$384$235$141$103
39 years$912$582$360$216$128$92
40 years$879$554$337$200$116$83
41 years$848$527$316$184$105$75
42 years$819$502$296$170$95$67
43 years$791$478$278$157$87$60
44 years$764$456$261$145$79$54
45 years$739$435$245$134$71$49
46 years$714$415$230$124$65$44
47 years$691$396$216$114$59$39
48 years$669$378$203$106$53$35
49 years$648$361$191$98$49$32
50 years$628$345$180$90$44$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $643,000, adding $3,031 every year, while hoping to spend $33,205 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: 67/7/26 Blend
58$643,000$643,000$643,000$643,000
59$711,712$677,633$667,667$754,402
60$748,977$675,508$654,704$781,371
61$788,930$672,165$640,194$806,815
62$831,810$667,510$624,050$833,888
63$877,880$661,443$606,180$862,751
64$927,428$653,858$586,491$893,585
65$980,769$644,641$564,883$926,587
66$1,038,252$633,673$541,251$961,978
67$1,100,258$620,826$515,486$1,000,001
68$1,167,205$605,968$487,476$1,040,924
69$1,239,555$588,955$457,101$1,085,046
70$1,317,813$569,638$424,238$1,132,697
71$1,402,536$547,856$388,756$1,184,240
72$1,494,335$523,441$350,520$1,240,078
73$1,593,884$496,216$309,388$1,300,656
74$1,701,920$465,991$265,213$1,366,468
75$1,819,259$432,567$217,841$1,438,058
76$1,946,793$395,733$167,109$1,516,028
77$2,085,509$355,267$112,849$1,601,043
78$2,236,488$310,932$54,887$1,693,838
79$2,400,921$262,480$0$1,795,225
80$2,580,121$209,647$0$1,908,036
81$2,775,530$152,156$0$2,047,703
82$2,988,736$89,714$0$2,200,134
83$3,221,487$22,010$0$2,366,598
84$3,475,708$0$0$2,548,490
85$3,753,517$0$0$2,751,299
86$4,057,245$0$0$2,974,921
87$4,389,462$0$0$3,219,558
88$4,752,993$0$0$3,487,295
89$5,150,952$0$0$3,780,430
90$5,586,768$0$0$4,101,494
91$6,064,215$0$0$4,453,274
92$6,587,450$0$0$4,838,838
93$7,161,054$0$0$5,261,567
94$7,790,068$0$0$5,725,183
95$8,480,046$0$0$6,233,786
96$9,237,108$0$0$6,791,892
97$10,067,991$0$0$7,404,477
98$10,980,118$0$0$8,077,019
99$11,981,665$0$0$8,815,556
100$13,081,640$0$0$9,626,735