Can I retire at age 59 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$52,025$51,561$51,109$50,668$50,237$49,364
2 years$25,755$25,275$24,810$24,360$23,922$23,046
3 years$16,999$16,518$16,054$15,607$15,177$14,324
4 years$12,622$12,142$11,683$11,244$10,825$10,002
5 years$9,997$9,520$9,067$8,637$8,229$7,438
6 years$8,247$7,773$7,327$6,907$6,511$5,754
7 years$6,998$6,528$6,089$5,678$5,295$4,572
8 years$6,061$5,596$5,164$4,764$4,393$3,703
9 years$5,333$4,872$4,448$4,057$3,699$3,043
10 years$4,751$4,295$3,878$3,498$3,152$2,528
11 years$4,275$3,823$3,414$3,044$2,711$2,119
12 years$3,879$3,432$3,030$2,670$2,349$1,788
13 years$3,544$3,101$2,707$2,357$2,049$1,518
14 years$3,257$2,819$2,432$2,092$1,796$1,294
15 years$3,008$2,575$2,196$1,866$1,581$1,108
16 years$2,791$2,363$1,991$1,671$1,397$951
17 years$2,600$2,176$1,812$1,501$1,239$819
18 years$2,430$2,011$1,654$1,353$1,102$707
19 years$2,278$1,863$1,514$1,222$982$611
20 years$2,141$1,732$1,389$1,107$877$530
21 years$2,018$1,613$1,278$1,005$785$460
22 years$1,906$1,506$1,178$914$704$399
23 years$1,804$1,408$1,088$832$632$347
24 years$1,710$1,319$1,006$759$568$302
25 years$1,624$1,238$932$693$511$263
26 years$1,545$1,164$864$634$460$229
27 years$1,472$1,095$802$580$415$200
28 years$1,404$1,032$746$531$374$174
29 years$1,341$973$694$487$338$152
30 years$1,282$919$646$447$305$133
31 years$1,228$869$603$411$276$116
32 years$1,176$822$562$378$250$102
33 years$1,128$779$525$347$226$89
34 years$1,083$738$491$319$205$78
35 years$1,041$700$459$294$185$68
36 years$1,001$664$429$271$168$59
37 years$963$631$402$250$152$52
38 years$927$600$376$230$138$45
39 years$893$570$352$212$125$40
40 years$861$543$330$196$114$35
41 years$831$517$310$180$103$30
42 years$802$492$290$167$93$27
43 years$775$469$273$154$85$23
44 years$749$447$256$142$77$20
45 years$724$426$240$131$70$18
46 years$700$406$226$121$63$16
47 years$677$388$212$112$58$14
48 years$656$370$199$103$52$12
49 years$635$354$187$96$48$10
50 years$615$338$176$88$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $630,000, adding $3,231 every year, while hoping to spend $43,357 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: 46/35/19 Blend
58$630,000$630,000$630,000$630,000
59$697,593$664,203$654,438$725,760
60$722,616$650,617$630,230$732,187
61$748,738$634,913$603,758$734,567
62$776,026$616,940$574,900$736,240
63$804,550$596,540$543,530$737,159
64$834,390$573,546$509,513$737,276
65$865,628$547,780$472,713$736,540
66$898,356$519,055$432,982$734,902
67$932,671$487,172$390,170$732,308
68$968,681$451,921$344,118$728,704
69$1,006,502$413,081$294,662$724,035
70$1,046,260$370,416$241,627$718,246
71$1,088,091$323,679$184,834$711,279
72$1,132,145$272,608$124,095$703,077
73$1,178,584$216,926$59,213$693,583
74$1,227,586$156,341$0$682,737
75$1,279,342$90,545$0$672,517
76$1,334,064$19,210$0$673,774
77$1,391,980$0$0$674,483
78$1,453,342$0$0$696,976
79$1,518,423$0$0$728,714
80$1,587,522$0$0$762,451
81$1,660,968$0$0$798,350
82$1,739,119$0$0$836,591
83$1,822,365$0$0$877,373
84$1,911,138$0$0$920,911
85$2,005,906$0$0$967,443
86$2,107,185$0$0$1,017,228
87$2,215,540$0$0$1,070,550
88$2,331,590$0$0$1,127,723
89$2,456,014$0$0$1,189,089
90$2,589,558$0$0$1,255,023
91$2,733,038$0$0$1,325,939
92$2,887,353$0$0$1,402,290
93$3,053,487$0$0$1,484,574
94$3,232,523$0$0$1,573,337
95$3,425,650$0$0$1,669,181
96$3,634,173$0$0$1,772,764
97$3,859,528$0$0$1,884,812
98$4,103,290$0$0$2,006,123
99$4,367,194$0$0$2,137,573
100$4,653,146$0$0$2,280,125