Can I retire at age 59 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$51,694$51,234$50,785$50,346$49,918$48,320
2 years$25,591$25,115$24,653$24,205$23,771$22,175
3 years$16,891$16,413$15,952$15,508$15,081$13,539
4 years$12,542$12,065$11,609$11,173$10,756$9,278
5 years$9,934$9,459$9,009$8,582$8,176$6,767
6 years$8,195$7,724$7,281$6,863$6,470$5,131
7 years$6,954$6,487$6,050$5,642$5,262$3,992
8 years$6,023$5,560$5,131$4,733$4,365$3,164
9 years$5,299$4,841$4,419$4,032$3,676$2,543
10 years$4,721$4,267$3,853$3,475$3,132$2,064
11 years$4,248$3,799$3,392$3,025$2,694$1,690
12 years$3,854$3,410$3,010$2,653$2,334$1,392
13 years$3,521$3,081$2,690$2,342$2,036$1,152
14 years$3,236$2,801$2,417$2,079$1,784$958
15 years$2,989$2,559$2,182$1,854$1,571$799
16 years$2,773$2,348$1,978$1,660$1,389$668
17 years$2,583$2,162$1,800$1,492$1,231$560
18 years$2,414$1,998$1,643$1,344$1,095$471
19 years$2,263$1,852$1,504$1,215$976$396
20 years$2,128$1,721$1,381$1,100$872$334
21 years$2,005$1,603$1,270$998$780$281
22 years$1,894$1,496$1,170$908$699$237
23 years$1,792$1,399$1,081$827$628$201
24 years$1,699$1,311$999$754$564$169
25 years$1,614$1,230$926$689$508$143
26 years$1,535$1,156$858$630$457$121
27 years$1,463$1,088$797$576$412$103
28 years$1,395$1,025$741$528$372$87
29 years$1,333$967$690$484$336$74
30 years$1,274$914$642$444$303$62
31 years$1,220$864$599$408$274$53
32 years$1,169$817$559$375$248$45
33 years$1,121$774$522$345$225$38
34 years$1,076$733$487$317$203$32
35 years$1,034$696$456$292$184$27
36 years$994$660$426$269$167$23
37 years$957$627$399$248$151$20
38 years$921$596$374$229$137$17
39 years$888$567$350$211$124$14
40 years$856$539$328$194$113$12
41 years$826$513$308$179$102$10
42 years$797$489$289$165$93$9
43 years$770$466$271$153$84$7
44 years$744$444$254$141$76$6
45 years$719$423$239$130$69$5
46 years$695$404$224$120$63$4
47 years$673$385$211$111$57$4
48 years$651$368$198$103$52$3
49 years$631$351$186$95$47$3
50 years$611$336$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $626,000, adding $3,044 every year, while hoping to spend $21,651 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: 50/45/5 Blend
58$626,000$626,000$626,000$626,000
59$692,992$659,814$650,111$726,664
60$740,641$669,108$648,853$759,196
61$792,424$678,132$646,828$791,938
62$848,740$686,850$643,986$826,993
63$910,029$695,223$640,276$864,582
64$976,773$703,210$635,646$904,948
65$1,049,503$710,767$630,040$948,361
66$1,128,804$717,846$623,398$995,118
67$1,215,320$724,399$615,660$1,045,547
68$1,309,759$730,370$606,761$1,100,009
69$1,412,901$735,705$596,634$1,158,905
70$1,525,604$740,342$585,208$1,222,674
71$1,648,813$744,216$572,410$1,291,804
72$1,783,569$747,259$558,163$1,366,831
73$1,931,017$749,399$542,385$1,448,348
74$2,092,419$750,558$524,993$1,537,010
75$2,269,164$750,653$505,898$1,633,538
76$2,462,781$749,597$485,008$1,738,730
77$2,674,955$747,298$462,227$1,853,464
78$2,907,541$743,656$437,452$1,978,712
79$3,162,583$738,568$410,580$2,115,544
80$3,442,332$731,923$381,499$2,265,144
81$3,749,265$723,603$350,095$2,428,814
82$4,086,114$713,483$316,246$2,607,996
83$4,455,885$701,432$279,829$2,804,277
84$4,861,893$687,309$240,710$3,019,409
85$5,307,785$670,967$198,753$3,255,328
86$5,797,583$652,248$153,816$3,514,166
87$6,335,715$630,987$105,747$3,798,278
88$6,927,061$607,007$54,392$4,110,261
89$7,576,994$580,124$0$4,452,981
90$8,291,436$550,139$0$4,829,621
91$9,076,912$516,845$0$5,246,744
92$9,940,608$480,022$0$5,705,302
93$10,890,444$439,436$0$6,209,548
94$11,935,143$394,843$0$6,764,174
95$13,084,319$345,982$0$7,374,353
96$14,348,563$292,577$0$8,045,791
97$15,739,543$234,340$0$8,784,781
98$17,270,116$170,963$0$9,598,263
99$18,954,451$102,123$0$10,493,889
100$20,808,155$27,477$0$11,480,100