Can I retire at age 59 with 646,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$53,346$52,871$52,407$51,955$51,513$50,288
2 years$26,409$25,917$25,440$24,978$24,530$23,303
3 years$17,431$16,937$16,462$16,004$15,563$14,372
4 years$12,943$12,451$11,980$11,530$11,100$9,954
5 years$10,251$9,761$9,297$8,856$8,438$7,341
6 years$8,457$7,971$7,513$7,082$6,676$5,630
7 years$7,176$6,694$6,244$5,823$5,430$4,433
8 years$6,215$5,738$5,295$4,885$4,504$3,557
9 years$5,469$4,996$4,561$4,161$3,793$2,895
10 years$4,872$4,404$3,976$3,586$3,232$2,382
11 years$4,384$3,920$3,500$3,121$2,780$1,976
12 years$3,977$3,519$3,107$2,738$2,409$1,650
13 years$3,634$3,180$2,775$2,417$2,101$1,386
14 years$3,340$2,890$2,494$2,146$1,841$1,169
15 years$3,085$2,640$2,252$1,913$1,621$990
16 years$2,862$2,423$2,041$1,713$1,433$840
17 years$2,666$2,231$1,858$1,539$1,271$715
18 years$2,491$2,062$1,696$1,387$1,130$610
19 years$2,336$1,911$1,552$1,254$1,007$522
20 years$2,196$1,775$1,425$1,135$899$446
21 years$2,069$1,654$1,310$1,030$805$383
22 years$1,954$1,544$1,208$937$721$328
23 years$1,849$1,444$1,115$853$648$282
24 years$1,754$1,353$1,031$778$582$242
25 years$1,665$1,270$955$711$524$208
26 years$1,584$1,193$886$650$472$179
27 years$1,509$1,123$823$595$425$154
28 years$1,440$1,058$765$545$384$133
29 years$1,375$998$712$500$347$114
30 years$1,315$943$663$459$313$99
31 years$1,259$891$618$421$283$85
32 years$1,206$843$577$387$256$73
33 years$1,157$799$538$356$232$63
34 years$1,111$757$503$328$210$55
35 years$1,067$718$470$302$190$47
36 years$1,026$681$440$278$172$41
37 years$987$647$412$256$156$35
38 years$951$615$386$236$142$30
39 years$916$585$361$217$128$26
40 years$883$556$339$201$116$23
41 years$852$530$318$185$106$19
42 years$822$504$298$171$96$17
43 years$794$481$279$158$87$15
44 years$768$458$262$146$79$13
45 years$742$437$246$134$72$11
46 years$718$417$231$124$65$9
47 years$694$398$217$115$59$8
48 years$672$380$204$106$54$7
49 years$651$363$192$98$49$6
50 years$631$346$181$91$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $646,000, adding $4,489 every year, while hoping to spend $26,372 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: 29/46/25 Blend
58$646,000$646,000$646,000$646,000
59$716,522$682,284$672,271$731,634
60$761,548$687,657$666,733$749,162
61$810,283$692,408$660,125$765,376
62$863,076$696,481$652,384$782,268
63$920,314$699,813$643,443$799,914
64$982,421$702,338$633,233$818,402
65$1,049,861$703,987$621,680$837,825
66$1,123,149$704,683$608,708$858,293
67$1,202,847$704,350$594,236$879,928
68$1,289,576$702,902$578,182$902,864
69$1,384,018$700,250$560,457$927,255
70$1,486,926$696,299$540,970$953,272
71$1,599,124$690,950$519,624$981,105
72$1,721,524$684,096$496,321$1,010,968
73$1,855,126$675,623$470,954$1,043,099
74$2,001,032$665,412$443,415$1,077,766
75$2,160,457$653,337$413,588$1,115,264
76$2,334,735$639,262$381,355$1,155,925
77$2,525,339$623,046$346,591$1,200,119
78$2,733,886$604,538$309,164$1,248,256
79$2,962,160$583,578$268,939$1,300,794
80$3,212,125$559,998$225,773$1,358,243
81$3,485,942$533,619$179,518$1,421,169
82$3,785,994$504,252$130,017$1,490,201
83$4,114,903$471,698$77,110$1,566,041
84$4,475,556$435,744$20,626$1,649,465
85$4,871,135$396,168$0$1,741,336
86$5,305,145$352,734$0$1,853,190
87$5,781,443$305,191$0$1,982,073
88$6,304,282$253,278$0$2,123,707
89$6,878,344$196,714$0$2,279,455
90$7,508,788$135,205$0$2,450,822
91$8,201,296$68,442$0$2,639,474
92$8,962,128$0$0$2,847,253
93$9,798,181$0$0$3,078,172
94$10,717,051$0$0$3,370,151
95$11,727,108$0$0$3,691,219
96$12,837,574$0$0$4,044,321
97$14,058,609$0$0$4,432,702
98$15,401,404$0$0$4,859,938
99$16,878,293$0$0$5,329,968
100$18,502,861$0$0$5,847,132