Can I retire at age 59 with 649,000?

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 $649,000?

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$53,594$53,116$52,651$52,196$51,752$50,522
2 years$26,532$26,037$25,559$25,094$24,644$23,411
3 years$17,512$17,016$16,538$16,078$15,635$14,439
4 years$13,003$12,508$12,035$11,583$11,151$10,001
5 years$10,299$9,807$9,340$8,897$8,477$7,375
6 years$8,496$8,008$7,548$7,115$6,707$5,656
7 years$7,209$6,725$6,273$5,850$5,455$4,454
8 years$6,244$5,765$5,320$4,907$4,525$3,574
9 years$5,494$5,019$4,582$4,180$3,811$2,909
10 years$4,895$4,424$3,994$3,603$3,247$2,393
11 years$4,404$3,939$3,517$3,136$2,793$1,985
12 years$3,996$3,535$3,121$2,750$2,420$1,658
13 years$3,651$3,195$2,788$2,428$2,110$1,392
14 years$3,355$2,904$2,505$2,156$1,850$1,174
15 years$3,099$2,653$2,262$1,922$1,629$994
16 years$2,875$2,434$2,051$1,721$1,440$844
17 years$2,678$2,241$1,866$1,547$1,276$719
18 years$2,503$2,071$1,704$1,394$1,135$613
19 years$2,346$1,920$1,560$1,259$1,012$524
20 years$2,206$1,784$1,431$1,141$904$448
21 years$2,079$1,661$1,317$1,035$809$384
22 years$1,963$1,551$1,213$941$725$330
23 years$1,858$1,451$1,120$857$651$283
24 years$1,762$1,359$1,036$782$585$243
25 years$1,673$1,275$960$714$526$209
26 years$1,592$1,199$890$653$474$180
27 years$1,516$1,128$826$598$427$155
28 years$1,446$1,063$768$547$386$134
29 years$1,382$1,003$715$502$348$115
30 years$1,321$947$666$461$315$99
31 years$1,265$895$621$423$284$85
32 years$1,212$847$579$389$257$74
33 years$1,162$802$541$358$233$64
34 years$1,116$760$505$329$211$55
35 years$1,072$721$472$303$191$47
36 years$1,031$685$442$279$173$41
37 years$992$650$414$257$157$35
38 years$955$618$387$237$142$30
39 years$920$588$363$218$129$26
40 years$887$559$340$201$117$23
41 years$856$532$319$186$106$20
42 years$826$507$299$172$96$17
43 years$798$483$281$158$87$15
44 years$771$460$264$146$79$13
45 years$745$439$247$135$72$11
46 years$721$419$232$125$65$9
47 years$698$400$218$115$59$8
48 years$675$381$205$106$54$7
49 years$654$364$193$98$49$6
50 years$634$348$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 $649,000, adding $2,399 every year, while hoping to spend $51,487 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: 51/23/26 Blend
58$649,000$649,000$649,000$649,000
59$717,673$683,276$673,216$748,922
60$736,093$661,974$640,987$749,598
61$754,668$637,904$605,953$744,939
62$773,356$610,874$567,965$738,842
63$792,115$580,683$526,868$731,190
64$810,894$547,119$482,501$721,860
65$829,634$509,957$434,694$710,721
66$848,271$468,959$383,270$697,630
67$866,730$423,873$328,045$682,437
68$884,928$374,435$268,826$664,978
69$902,770$320,362$205,412$645,079
70$920,151$261,358$137,592$622,552
71$936,952$197,110$65,147$597,196
72$953,040$127,287$0$568,795
73$968,264$51,539$0$540,491
74$982,460$0$0$528,167
75$995,439$0$0$521,251
76$1,006,994$0$0$526,542
77$1,016,893$0$0$530,864
78$1,024,879$0$0$534,071
79$1,030,663$0$0$536,002
80$1,033,927$0$0$536,473
81$1,034,315$0$0$535,286
82$1,031,433$0$0$532,216
83$1,024,842$0$0$527,017
84$1,014,058$0$0$519,414
85$998,541$0$0$509,102
86$977,695$0$0$495,745
87$950,857$0$0$478,969
88$917,295$0$0$458,360
89$876,198$0$0$433,462
90$826,666$0$0$403,766
91$767,708$0$0$368,714
92$698,222$0$0$327,684
93$616,993$0$0$279,993
94$522,676$0$0$224,882
95$413,786$0$0$161,514
96$288,679$0$0$88,964
97$145,542$0$0$6,210
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0