Can I retire at age 59 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$53,842$53,362$52,894$52,437$51,991$49,909
2 years$26,654$26,158$25,677$25,210$24,758$22,686
3 years$17,593$17,094$16,615$16,152$15,707$13,711
4 years$13,063$12,566$12,091$11,637$11,203$9,297
5 years$10,346$9,852$9,383$8,938$8,516$6,707
6 years$8,535$8,045$7,583$7,148$6,738$5,026
7 years$7,242$6,756$6,302$5,877$5,480$3,864
8 years$6,273$5,791$5,344$4,930$4,546$3,025
9 years$5,520$5,042$4,603$4,199$3,829$2,400
10 years$4,917$4,445$4,013$3,620$3,262$1,923
11 years$4,425$3,957$3,533$3,150$2,806$1,552
12 years$4,014$3,551$3,135$2,763$2,431$1,261
13 years$3,668$3,209$2,801$2,439$2,120$1,029
14 years$3,371$2,917$2,517$2,165$1,858$843
15 years$3,113$2,665$2,272$1,931$1,636$693
16 years$2,889$2,445$2,060$1,729$1,446$571
17 years$2,690$2,252$1,875$1,554$1,282$471
18 years$2,515$2,081$1,711$1,400$1,140$390
19 years$2,357$1,928$1,567$1,265$1,016$323
20 years$2,216$1,792$1,438$1,146$908$267
21 years$2,088$1,669$1,323$1,040$812$222
22 years$1,972$1,558$1,219$946$728$184
23 years$1,867$1,457$1,126$861$654$153
24 years$1,770$1,365$1,041$785$587$127
25 years$1,681$1,281$964$717$529$106
26 years$1,599$1,204$894$656$476$88
27 years$1,523$1,133$830$600$429$73
28 years$1,453$1,068$772$550$387$61
29 years$1,388$1,007$718$504$350$51
30 years$1,327$951$669$463$316$42
31 years$1,270$899$624$425$286$35
32 years$1,217$851$582$391$258$29
33 years$1,168$806$543$359$234$24
34 years$1,121$764$508$331$212$20
35 years$1,077$725$475$304$192$17
36 years$1,036$688$444$280$174$14
37 years$996$653$416$258$158$12
38 years$959$621$389$238$143$10
39 years$925$590$365$219$130$8
40 years$891$562$342$202$117$7
41 years$860$535$320$187$107$6
42 years$830$509$301$172$97$5
43 years$802$485$282$159$88$4
44 years$775$462$265$147$80$3
45 years$749$441$249$136$72$3
46 years$724$421$234$125$66$2
47 years$701$401$219$116$60$2
48 years$679$383$206$107$54$2
49 years$657$366$194$99$49$1
50 years$637$350$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $652,000, adding $3,977 every year, while hoping to spend $22,605 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: 54/17/29 Blend
58$652,000$652,000$652,000$652,000
59$722,606$688,050$677,944$755,599
60$772,261$697,713$676,604$788,527
61$826,222$707,092$674,461$821,724
62$884,906$716,149$671,465$857,420
63$948,770$724,843$667,562$895,864
64$1,018,316$733,132$662,697$937,330
65$1,094,098$740,970$656,811$982,123
66$1,176,725$748,307$649,844$1,030,578
67$1,266,868$755,091$641,731$1,083,065
68$1,365,264$761,266$632,404$1,139,993
69$1,472,726$766,772$621,794$1,201,814
70$1,590,147$771,547$609,827$1,269,027
71$1,718,511$775,522$596,426$1,342,182
72$1,858,904$778,627$581,510$1,421,888
73$2,012,517$780,785$564,996$1,508,816
74$2,180,665$781,914$546,794$1,603,706
75$2,364,794$781,930$526,814$1,707,378
76$2,566,498$780,739$504,957$1,820,733
77$2,787,531$778,246$481,124$1,944,769
78$3,029,827$774,347$455,208$2,080,585
79$3,295,512$768,933$427,101$2,229,396
80$3,586,932$761,889$396,686$2,392,542
81$3,906,667$753,090$363,844$2,571,501
82$4,257,563$742,407$328,448$2,767,904
83$4,642,751$729,701$290,368$2,983,552
84$5,065,682$714,827$249,465$3,220,432
85$5,530,157$697,629$205,598$3,480,734
86$6,040,363$677,943$158,616$3,766,876
87$6,600,914$655,596$108,363$4,081,526
88$7,216,891$630,403$54,677$4,427,626
89$7,893,891$602,171$0$4,808,422
90$8,638,084$570,693$0$5,228,304
91$9,456,263$535,751$0$5,708,519
92$10,355,914$497,116$0$6,236,545
93$11,345,286$454,543$0$6,817,246
94$12,433,466$407,777$0$7,455,982
95$13,630,466$356,544$0$8,158,664
96$14,947,316$300,557$0$8,931,802
97$16,396,171$239,513$0$9,782,577
98$17,990,422$173,091$0$10,718,898
99$19,744,825$100,952$0$11,749,486
100$21,675,638$22,739$0$12,883,950