Can I retire at age 59 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$53,346$52,871$52,407$51,955$51,513$50,743
2 years$26,409$25,917$25,440$24,978$24,530$23,756
3 years$17,431$16,937$16,462$16,004$15,563$14,809
4 years$12,943$12,451$11,980$11,530$11,100$10,372
5 years$10,251$9,761$9,297$8,856$8,438$7,738
6 years$8,457$7,971$7,513$7,082$6,676$6,005
7 years$7,176$6,694$6,244$5,823$5,430$4,788
8 years$6,215$5,738$5,295$4,885$4,504$3,891
9 years$5,469$4,996$4,561$4,161$3,793$3,209
10 years$4,872$4,404$3,976$3,586$3,232$2,676
11 years$4,384$3,920$3,500$3,121$2,780$2,251
12 years$3,977$3,519$3,107$2,738$2,409$1,907
13 years$3,634$3,180$2,775$2,417$2,101$1,625
14 years$3,340$2,890$2,494$2,146$1,841$1,391
15 years$3,085$2,640$2,252$1,913$1,621$1,196
16 years$2,862$2,423$2,041$1,713$1,433$1,031
17 years$2,666$2,231$1,858$1,539$1,271$892
18 years$2,491$2,062$1,696$1,387$1,130$773
19 years$2,336$1,911$1,552$1,254$1,007$672
20 years$2,196$1,775$1,425$1,135$899$584
21 years$2,069$1,654$1,310$1,030$805$509
22 years$1,954$1,544$1,208$937$721$444
23 years$1,849$1,444$1,115$853$648$388
24 years$1,754$1,353$1,031$778$582$339
25 years$1,665$1,270$955$711$524$297
26 years$1,584$1,193$886$650$472$260
27 years$1,509$1,123$823$595$425$228
28 years$1,440$1,058$765$545$384$200
29 years$1,375$998$712$500$347$175
30 years$1,315$943$663$459$313$154
31 years$1,259$891$618$421$283$135
32 years$1,206$843$577$387$256$119
33 years$1,157$799$538$356$232$104
34 years$1,111$757$503$328$210$92
35 years$1,067$718$470$302$190$80
36 years$1,026$681$440$278$172$71
37 years$987$647$412$256$156$62
38 years$951$615$386$236$142$55
39 years$916$585$361$217$128$48
40 years$883$556$339$201$116$42
41 years$852$530$318$185$106$37
42 years$822$504$298$171$96$33
43 years$794$481$279$158$87$29
44 years$768$458$262$146$79$25
45 years$742$437$246$134$72$22
46 years$718$417$231$124$65$20
47 years$694$398$217$115$59$17
48 years$672$380$204$106$54$15
49 years$651$363$192$98$49$13
50 years$631$346$181$91$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $646,000, adding $5,760 every year, while hoping to spend $54,701 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: 44/29/27 Blend
58$646,000$646,000$646,000$646,000
59$717,833$683,595$673,582$743,575
60$732,851$658,890$637,946$737,767
61$747,567$631,141$599,282$725,797
62$761,893$600,141$557,432$711,764
63$775,730$565,671$512,230$695,506
64$788,965$527,501$463,501$676,851
65$801,476$485,384$411,064$655,614
66$813,121$439,063$354,730$631,596
67$823,746$388,264$294,300$604,582
68$833,177$332,697$229,568$574,343
69$841,220$272,059$160,317$540,632
70$847,660$206,025$86,324$503,184
71$852,257$134,256$7,351$461,713
72$854,744$56,391$0$415,913
73$854,825$0$0$387,614
74$852,170$0$0$366,918
75$846,415$0$0$362,670
76$837,152$0$0$356,675
77$823,934$0$0$348,715
78$806,262$0$0$338,545
79$783,583$0$0$325,898
80$755,286$0$0$310,475
81$720,693$0$0$291,946
82$679,055$0$0$269,945
83$629,544$0$0$244,070
84$571,241$0$0$213,872
85$503,131$0$0$178,859
86$424,094$0$0$138,485
87$332,888$0$0$92,146
88$228,144$0$0$39,176
89$108,347$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0