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%12%
1 years$53,594$53,116$52,651$52,196$51,752$51,319
2 years$26,532$26,037$25,559$25,094$24,644$24,207
3 years$17,512$17,016$16,538$16,078$15,635$15,208
4 years$13,003$12,508$12,035$11,583$11,151$10,738
5 years$10,299$9,807$9,340$8,897$8,477$8,078
6 years$8,496$8,008$7,548$7,115$6,707$6,324
7 years$7,209$6,725$6,273$5,850$5,455$5,087
8 years$6,244$5,765$5,320$4,907$4,525$4,172
9 years$5,494$5,019$4,582$4,180$3,811$3,473
10 years$4,895$4,424$3,994$3,603$3,247$2,924
11 years$4,404$3,939$3,517$3,136$2,793$2,485
12 years$3,996$3,535$3,121$2,750$2,420$2,126
13 years$3,651$3,195$2,788$2,428$2,110$1,831
14 years$3,355$2,904$2,505$2,156$1,850$1,584
15 years$3,099$2,653$2,262$1,922$1,629$1,377
16 years$2,875$2,434$2,051$1,721$1,440$1,200
17 years$2,678$2,241$1,866$1,547$1,276$1,050
18 years$2,503$2,071$1,704$1,394$1,135$921
19 years$2,346$1,920$1,560$1,259$1,012$809
20 years$2,206$1,784$1,431$1,141$904$712
21 years$2,079$1,661$1,317$1,035$809$628
22 years$1,963$1,551$1,213$941$725$555
23 years$1,858$1,451$1,120$857$651$491
24 years$1,762$1,359$1,036$782$585$434
25 years$1,673$1,275$960$714$526$385
26 years$1,592$1,199$890$653$474$341
27 years$1,516$1,128$826$598$427$303
28 years$1,446$1,063$768$547$386$269
29 years$1,382$1,003$715$502$348$239
30 years$1,321$947$666$461$315$213
31 years$1,265$895$621$423$284$189
32 years$1,212$847$579$389$257$168
33 years$1,162$802$541$358$233$150
34 years$1,116$760$505$329$211$133
35 years$1,072$721$472$303$191$119
36 years$1,031$685$442$279$173$106
37 years$992$650$414$257$157$94
38 years$955$618$387$237$142$84
39 years$920$588$363$218$129$75
40 years$887$559$340$201$117$67
41 years$856$532$319$186$106$60
42 years$826$507$299$172$96$53
43 years$798$483$281$158$87$47
44 years$771$460$264$146$79$42
45 years$745$439$247$135$72$38
46 years$721$419$232$125$65$34
47 years$698$400$218$115$59$30
48 years$675$381$205$106$54$27
49 years$654$364$193$98$49$24
50 years$634$348$181$91$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $649,000, adding $4,079 every year, while hoping to spend $30,912 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: 48/29/23 Blend
58$649,000$649,000$649,000$649,000
59$719,405$685,008$674,949$749,064
60$759,895$685,684$664,670$770,872
61$803,478$685,356$653,010$791,128
62$850,438$683,944$639,891$812,496
63$901,085$681,360$625,230$835,093
64$955,762$677,512$608,941$859,053
65$1,014,842$672,303$590,933$884,522
66$1,078,739$665,629$571,113$911,665
67$1,147,906$657,380$549,380$940,664
68$1,222,840$647,440$525,632$971,724
69$1,304,090$635,684$499,761$1,005,070
70$1,392,257$621,983$471,654$1,040,955
71$1,488,005$606,198$441,192$1,079,659
72$1,592,062$588,182$408,252$1,121,494
73$1,705,230$567,780$372,706$1,166,806
74$1,828,390$544,828$334,418$1,215,979
75$1,962,513$519,152$293,249$1,269,441
76$2,108,667$490,569$249,050$1,327,666
77$2,268,027$458,882$201,669$1,391,180
78$2,441,887$423,888$150,946$1,460,566
79$2,631,669$385,369$96,713$1,536,472
80$2,838,942$343,094$38,795$1,619,616
81$3,065,430$296,822$0$1,710,792
82$3,313,033$246,295$0$1,816,531
83$3,583,841$191,243$0$1,942,689
84$3,880,158$131,378$0$2,080,864
85$4,204,518$66,400$0$2,232,307
86$4,559,713$0$0$2,398,395
87$4,948,817$0$0$2,581,934
88$5,375,217$0$0$2,806,355
89$5,842,640$0$0$3,052,440
90$6,355,194$0$0$3,322,361
91$6,917,401$0$0$3,618,509
92$7,534,244$0$0$3,943,517
93$8,211,210$0$0$4,300,289
94$8,954,343$0$0$4,692,018
95$9,770,302$0$0$5,122,227
96$10,666,421$0$0$5,594,793
97$11,650,779$0$0$6,113,989
98$12,732,279$0$0$6,684,521
99$13,920,725$0$0$7,311,576
100$15,226,919$0$0$8,000,865