Can I retire at age 59 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$52,768$52,298$51,839$51,392$50,955$49,763
2 years$26,123$25,636$25,165$24,708$24,264$23,071
3 years$17,242$16,754$16,283$15,830$15,394$14,236
4 years$12,803$12,316$11,850$11,405$10,979$9,865
5 years$10,140$9,656$9,196$8,760$8,346$7,279
6 years$8,365$7,885$7,432$7,005$6,604$5,585
7 years$7,098$6,621$6,176$5,760$5,371$4,400
8 years$6,148$5,676$5,238$4,832$4,456$3,533
9 years$5,410$4,942$4,511$4,115$3,752$2,877
10 years$4,819$4,356$3,933$3,548$3,197$2,368
11 years$4,336$3,878$3,463$3,087$2,750$1,966
12 years$3,934$3,481$3,073$2,708$2,383$1,643
13 years$3,594$3,145$2,745$2,391$2,078$1,381
14 years$3,303$2,859$2,467$2,122$1,821$1,166
15 years$3,051$2,612$2,227$1,893$1,604$987
16 years$2,831$2,396$2,019$1,695$1,417$839
17 years$2,637$2,207$1,837$1,523$1,257$715
18 years$2,464$2,039$1,677$1,372$1,117$610
19 years$2,310$1,890$1,536$1,240$996$522
20 years$2,172$1,756$1,409$1,123$890$447
21 years$2,047$1,636$1,296$1,019$796$383
22 years$1,933$1,527$1,195$927$714$329
23 years$1,829$1,428$1,103$844$641$283
24 years$1,735$1,338$1,020$770$576$243
25 years$1,647$1,256$945$703$518$209
26 years$1,567$1,180$876$643$467$180
27 years$1,493$1,111$814$588$421$155
28 years$1,424$1,047$756$539$380$134
29 years$1,360$987$704$494$343$115
30 years$1,301$932$656$454$310$100
31 years$1,245$882$611$417$280$86
32 years$1,193$834$570$383$253$74
33 years$1,144$790$533$352$229$64
34 years$1,099$749$498$324$208$55
35 years$1,055$710$465$298$188$48
36 years$1,015$674$435$275$170$41
37 years$977$640$407$253$154$36
38 years$940$608$381$233$140$31
39 years$906$578$357$215$127$27
40 years$874$550$335$198$115$23
41 years$843$524$314$183$104$20
42 years$814$499$295$169$95$17
43 years$786$475$276$156$86$15
44 years$759$453$260$144$78$13
45 years$734$432$244$133$71$11
46 years$710$412$229$123$64$10
47 years$687$393$215$113$58$8
48 years$665$376$202$105$53$7
49 years$644$359$190$97$48$6
50 years$624$343$179$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $639,000, adding $2,592 every year, while hoping to spend $38,238 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: 47/45/8 Blend
58$639,000$639,000$639,000$639,000
59$706,852$672,985$663,080$738,418
60$738,266$665,276$644,608$752,674
61$771,602$655,908$624,236$763,927
62$807,017$644,759$601,860$775,252
63$844,681$631,700$577,370$786,670
64$884,780$616,595$550,653$798,201
65$927,518$599,299$521,591$809,875
66$973,119$579,658$490,058$821,724
67$1,021,827$557,512$455,925$833,788
68$1,073,911$532,688$419,057$846,114
69$1,129,666$505,005$379,311$858,757
70$1,189,413$474,272$336,539$871,781
71$1,253,507$440,285$290,587$885,262
72$1,322,336$402,830$241,293$899,286
73$1,396,326$361,680$188,488$913,953
74$1,475,945$316,596$131,996$929,378
75$1,561,707$267,325$71,633$945,692
76$1,654,175$213,599$7,207$963,045
77$1,753,971$155,135$0$981,609
78$1,861,774$91,634$0$1,006,832
79$1,978,334$22,783$0$1,034,679
80$2,104,472$0$0$1,064,804
81$2,241,094$0$0$1,123,135
82$2,389,193$0$0$1,198,656
83$2,549,862$0$0$1,280,651
84$2,724,305$0$0$1,369,741
85$2,913,842$0$0$1,466,610
86$3,119,930$0$0$1,572,009
87$3,344,168$0$0$1,686,767
88$3,588,318$0$0$1,811,795
89$3,854,317$0$0$1,948,094
90$4,144,297$0$0$2,096,768
91$4,460,606$0$0$2,259,031
92$4,805,827$0$0$2,436,218
93$5,182,802$0$0$2,629,802
94$5,594,663$0$0$2,841,402
95$6,044,855$0$0$3,072,801
96$6,537,171$0$0$3,325,963
97$7,075,790$0$0$3,603,048
98$7,665,311$0$0$3,906,438
99$8,310,798$0$0$4,238,754
100$9,017,829$0$0$4,602,883