Can I retire at age 59 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$51,612$51,152$50,704$50,266$49,838$48,792
2 years$25,550$25,075$24,613$24,166$23,733$22,684
3 years$16,864$16,387$15,927$15,484$15,057$14,038
4 years$12,522$12,046$11,590$11,155$10,739$9,757
5 years$9,918$9,444$8,995$8,568$8,163$7,222
6 years$8,182$7,712$7,269$6,852$6,459$5,560
7 years$6,942$6,476$6,041$5,633$5,253$4,395
8 years$6,013$5,551$5,123$4,726$4,358$3,542
9 years$5,291$4,834$4,412$4,025$3,670$2,894
10 years$4,714$4,261$3,847$3,470$3,127$2,391
11 years$4,241$3,793$3,387$3,020$2,689$1,993
12 years$3,848$3,404$3,006$2,649$2,331$1,672
13 years$3,516$3,076$2,685$2,338$2,032$1,411
14 years$3,231$2,796$2,413$2,076$1,782$1,196
15 years$2,984$2,555$2,178$1,851$1,569$1,017
16 years$2,769$2,344$1,975$1,658$1,386$868
17 years$2,579$2,159$1,797$1,489$1,229$743
18 years$2,410$1,995$1,641$1,342$1,093$637
19 years$2,260$1,849$1,502$1,213$974$547
20 years$2,124$1,718$1,378$1,098$870$471
21 years$2,002$1,600$1,268$997$779$406
22 years$1,891$1,494$1,168$906$698$350
23 years$1,789$1,397$1,079$825$627$302
24 years$1,697$1,309$998$753$563$261
25 years$1,611$1,228$924$688$507$226
26 years$1,533$1,154$857$629$456$195
27 years$1,460$1,086$796$575$412$169
28 years$1,393$1,024$740$527$371$146
29 years$1,330$966$689$483$335$127
30 years$1,272$912$641$444$303$110
31 years$1,218$862$598$408$274$95
32 years$1,167$816$558$375$248$83
33 years$1,119$773$521$344$224$72
34 years$1,074$732$487$317$203$62
35 years$1,032$695$455$292$184$54
36 years$993$659$426$269$167$47
37 years$955$626$398$248$151$41
38 years$920$595$373$228$137$35
39 years$886$566$350$210$124$31
40 years$854$538$328$194$113$27
41 years$824$512$307$179$102$23
42 years$796$488$288$165$93$20
43 years$768$465$270$153$84$17
44 years$743$443$254$141$76$15
45 years$718$423$238$130$69$13
46 years$694$403$224$120$63$11
47 years$672$385$210$111$57$10
48 years$650$367$198$103$52$9
49 years$630$351$186$95$47$8
50 years$610$335$175$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $625,000, adding $6,294 every year, while hoping to spend $29,774 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: 84/10/6 Blend
58$625,000$625,000$625,000$625,000
59$695,242$662,117$652,430$752,884
60$734,478$662,882$642,607$792,209
61$776,717$662,686$631,457$830,690
62$822,236$661,451$618,904$872,013
63$871,336$659,094$604,869$916,444
64$924,348$655,526$589,269$964,277
65$981,639$650,653$572,016$1,015,833
66$1,043,607$644,377$553,020$1,071,467
67$1,110,695$636,591$532,186$1,131,572
68$1,183,385$627,183$509,414$1,196,576
69$1,262,211$616,036$484,600$1,266,954
70$1,347,759$603,023$457,636$1,343,228
71$1,440,671$588,012$428,407$1,425,974
72$1,541,656$570,862$396,796$1,515,825
73$1,651,495$551,424$362,678$1,613,479
74$1,771,043$529,540$325,924$1,719,706
75$1,901,245$505,042$286,398$1,835,353
76$2,043,138$477,756$243,959$1,961,355
77$2,197,866$447,493$198,459$2,098,738
78$2,366,685$414,057$149,744$2,248,639
79$2,550,979$377,239$97,653$2,412,306
80$2,752,273$336,818$42,018$2,591,116
81$2,972,244$292,560$0$2,786,587
82$3,212,737$244,220$0$3,001,501
83$3,475,786$191,537$0$3,239,535
84$3,763,630$134,236$0$3,500,037
85$4,078,733$72,026$0$3,785,261
86$4,423,810$4,602$0$4,097,685
87$4,801,850$0$0$4,440,043
88$5,216,144$0$0$4,822,869
89$5,670,318$0$0$5,243,113
90$6,168,365$0$0$5,703,963
91$6,714,683$0$0$6,209,490
92$7,314,115$0$0$6,764,178
93$7,971,997$0$0$7,372,967
94$8,694,206$0$0$8,041,295
95$9,487,216$0$0$8,775,155
96$10,358,159$0$0$9,581,149
97$11,314,889$0$0$10,466,549
98$12,366,063$0$0$11,439,366
99$13,521,213$0$0$12,508,424
100$14,790,844$0$0$13,683,448