Can I retire at age 59 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$53,098$52,625$52,164$51,714$51,274$50,908
2 years$26,286$25,797$25,322$24,862$24,416$24,047
3 years$17,350$16,858$16,385$15,929$15,491$15,130
4 years$12,883$12,393$11,924$11,476$11,048$10,699
5 years$10,203$9,716$9,254$8,815$8,399$8,061
6 years$8,417$7,934$7,478$7,049$6,645$6,321
7 years$7,142$6,663$6,215$5,796$5,405$5,093
8 years$6,186$5,711$5,270$4,862$4,484$4,185
9 years$5,443$4,973$4,539$4,141$3,776$3,489
10 years$4,849$4,383$3,958$3,570$3,217$2,943
11 years$4,364$3,902$3,484$3,107$2,767$2,505
12 years$3,959$3,502$3,092$2,725$2,398$2,148
13 years$3,617$3,165$2,763$2,406$2,091$1,853
14 years$3,324$2,877$2,482$2,136$1,833$1,607
15 years$3,070$2,628$2,241$1,905$1,614$1,399
16 years$2,849$2,411$2,032$1,705$1,426$1,222
17 years$2,653$2,221$1,849$1,532$1,265$1,071
18 years$2,480$2,052$1,688$1,381$1,124$941
19 years$2,325$1,902$1,545$1,248$1,002$829
20 years$2,185$1,767$1,418$1,130$895$732
21 years$2,059$1,646$1,304$1,026$801$647
22 years$1,945$1,537$1,202$933$718$572
23 years$1,841$1,437$1,110$849$645$507
24 years$1,745$1,347$1,027$775$579$450
25 years$1,658$1,264$951$707$521$400
26 years$1,577$1,188$882$647$470$355
27 years$1,502$1,118$819$592$423$316
28 years$1,433$1,053$761$542$382$282
29 years$1,369$994$708$497$345$251
30 years$1,309$938$660$456$312$224
31 years$1,253$887$615$419$282$199
32 years$1,201$839$574$385$255$178
33 years$1,152$795$536$354$231$159
34 years$1,105$753$501$326$209$142
35 years$1,062$715$468$300$189$127
36 years$1,021$678$438$276$171$113
37 years$983$644$410$255$155$101
38 years$946$612$384$235$141$90
39 years$912$582$360$216$128$81
40 years$879$554$337$200$116$72
41 years$848$527$316$184$105$64
42 years$819$502$296$170$95$58
43 years$791$478$278$157$87$52
44 years$764$456$261$145$79$46
45 years$739$435$245$134$71$41
46 years$714$415$230$124$65$37
47 years$691$396$216$114$59$33
48 years$669$378$203$106$53$30
49 years$648$361$191$98$49$26
50 years$628$345$180$90$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $643,000, adding $4,996 every year, while hoping to spend $23,793 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: 35/36/29 Blend
58$643,000$643,000$643,000$643,000
59$713,739$679,660$669,694$732,349
60$761,225$687,648$666,813$754,738
61$812,757$695,230$663,038$776,396
62$868,723$702,361$658,314$799,311
63$929,549$708,992$652,584$823,612
64$995,703$715,074$645,786$849,442
65$1,067,703$720,550$637,858$876,961
66$1,146,115$725,364$628,733$906,347
67$1,231,566$729,453$618,342$937,795
68$1,324,741$732,752$606,612$971,525
69$1,426,398$735,190$593,467$1,007,780
70$1,537,370$736,694$578,827$1,046,828
71$1,658,573$737,183$562,610$1,088,970
72$1,791,018$736,576$544,728$1,134,535
73$1,935,815$734,781$525,089$1,183,893
74$2,094,188$731,705$503,599$1,237,450
75$2,267,484$727,248$480,159$1,295,659
76$2,457,186$721,302$454,663$1,359,020
77$2,664,928$713,755$427,003$1,428,089
78$2,892,509$704,487$397,066$1,503,479
79$3,141,909$693,371$364,732$1,585,872
80$3,415,311$680,273$329,878$1,676,021
81$3,715,117$665,051$292,373$1,774,760
82$4,043,973$647,553$252,082$1,883,013
83$4,404,795$627,620$208,864$2,001,801
84$4,800,794$605,083$162,570$2,132,255
85$5,235,506$579,763$113,047$2,275,624
86$5,712,827$551,470$60,134$2,433,293
87$6,237,049$520,006$3,661$2,606,790
88$6,812,899$485,157$0$2,797,806
89$7,445,585$446,700$0$3,025,727
90$8,140,845$404,399$0$3,277,450
91$8,905,000$358,003$0$3,554,185
92$9,745,012$307,248$0$3,858,517
93$10,668,555$251,855$0$4,193,300
94$11,684,080$191,528$0$4,561,681
95$12,800,899$125,956$0$4,967,134
96$14,029,273$54,810$0$5,413,491
97$15,380,506$0$0$5,904,981
98$16,867,051$0$0$6,455,086
99$18,502,634$0$0$7,084,338
100$20,302,372$0$0$7,776,855