Can I retire at age 59 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$53,263$52,789$52,326$51,874$51,433$51,130
2 years$26,368$25,877$25,401$24,940$24,492$24,187
3 years$17,404$16,911$16,436$15,979$15,539$15,240
4 years$12,923$12,431$11,961$11,512$11,082$10,793
5 years$10,235$9,746$9,282$8,842$8,425$8,145
6 years$8,444$7,959$7,502$7,071$6,666$6,397
7 years$7,165$6,684$6,234$5,814$5,421$5,162
8 years$6,206$5,729$5,287$4,877$4,498$4,249
9 years$5,460$4,988$4,554$4,154$3,788$3,549
10 years$4,864$4,397$3,970$3,581$3,227$2,999
11 years$4,377$3,914$3,495$3,116$2,775$2,558
12 years$3,971$3,513$3,102$2,734$2,405$2,197
13 years$3,628$3,175$2,771$2,413$2,097$1,899
14 years$3,334$2,886$2,490$2,142$1,839$1,650
15 years$3,080$2,636$2,248$1,911$1,619$1,439
16 years$2,858$2,419$2,038$1,711$1,431$1,260
17 years$2,662$2,228$1,855$1,537$1,269$1,107
18 years$2,488$2,058$1,693$1,385$1,128$975
19 years$2,332$1,908$1,550$1,252$1,005$860
20 years$2,192$1,773$1,422$1,134$898$761
21 years$2,066$1,651$1,308$1,029$804$674
22 years$1,951$1,541$1,206$935$720$598
23 years$1,847$1,442$1,113$852$647$531
24 years$1,751$1,351$1,030$777$581$472
25 years$1,663$1,268$954$710$523$420
26 years$1,582$1,191$885$649$471$375
27 years$1,507$1,121$821$594$425$334
28 years$1,438$1,056$764$544$383$298
29 years$1,373$997$711$499$346$266
30 years$1,313$941$662$458$313$238
31 years$1,257$890$617$421$283$213
32 years$1,204$842$576$387$256$190
33 years$1,155$797$538$355$231$170
34 years$1,109$756$502$327$210$152
35 years$1,065$717$470$301$190$136
36 years$1,024$680$439$277$172$122
37 years$986$646$411$255$156$109
38 years$949$614$385$235$141$98
39 years$915$584$361$217$128$88
40 years$882$556$338$200$116$79
41 years$851$529$317$185$105$71
42 years$821$504$297$171$96$63
43 years$793$480$279$157$87$57
44 years$766$457$262$145$79$51
45 years$741$436$246$134$72$46
46 years$717$416$231$124$65$41
47 years$693$397$217$115$59$37
48 years$671$379$204$106$54$33
49 years$650$362$192$98$49$30
50 years$630$346$180$90$44$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $645,000, adding $2,872 every year, while hoping to spend $36,574 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: 23/47/30 Blend
58$645,000$645,000$645,000$645,000
59$713,752$679,567$669,570$723,388
60$747,641$673,952$653,086$726,465
61$783,760$666,835$634,824$726,518
62$822,299$658,105$614,686$725,810
63$863,464$647,644$592,569$724,302
64$907,483$635,324$568,366$721,957
65$954,605$621,013$541,964$718,737
66$1,005,101$604,569$513,247$714,606
67$1,059,271$585,843$482,091$709,527
68$1,117,444$564,677$448,368$703,466
69$1,179,980$540,902$411,944$696,390
70$1,247,273$514,342$372,680$688,269
71$1,319,759$484,808$330,429$679,075
72$1,397,914$452,104$285,038$668,784
73$1,482,263$416,018$236,348$657,376
74$1,573,381$376,330$184,193$644,837
75$1,671,900$332,805$128,398$631,156
76$1,778,516$285,195$68,782$616,332
77$1,893,994$233,239$5,155$600,372
78$2,019,174$176,660$0$583,290
79$2,154,980$115,167$0$585,198
80$2,302,429$48,450$0$589,117
81$2,462,638$0$0$593,517
82$2,636,837$0$0$610,857
83$2,826,379$0$0$657,087
84$3,032,753$0$0$707,527
85$3,257,597$0$0$762,590
86$3,502,713$0$0$822,730
87$3,770,085$0$0$888,449
88$4,061,898$0$0$960,297
89$4,380,554$0$0$1,038,883
90$4,728,700$0$0$1,124,875
91$5,109,248$0$0$1,219,008
92$5,525,407$0$0$1,322,094
93$5,980,707$0$0$1,435,026
94$6,479,036$0$0$1,558,786
95$7,024,676$0$0$1,694,457
96$7,622,342$0$0$1,843,232
97$8,277,225$0$0$2,006,424
98$8,995,046$0$0$2,185,479
99$9,782,100$0$0$2,381,992
100$10,645,326$0$0$2,597,718