Can I retire at age 59 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$54,089$53,607$53,137$52,679$52,231$50,989
2 years$26,777$26,278$25,795$25,326$24,872$23,628
3 years$17,674$17,173$16,691$16,227$15,780$14,573
4 years$13,123$12,624$12,147$11,690$11,254$10,093
5 years$10,394$9,897$9,426$8,979$8,555$7,444
6 years$8,575$8,082$7,618$7,181$6,769$5,708
7 years$7,276$6,787$6,331$5,904$5,505$4,495
8 years$6,302$5,818$5,369$4,953$4,567$3,607
9 years$5,545$5,066$4,624$4,218$3,846$2,936
10 years$4,940$4,465$4,031$3,636$3,277$2,415
11 years$4,445$3,975$3,549$3,165$2,819$2,004
12 years$4,033$3,568$3,150$2,776$2,442$1,673
13 years$3,684$3,224$2,814$2,451$2,130$1,405
14 years$3,386$2,931$2,529$2,175$1,867$1,185
15 years$3,128$2,677$2,283$1,940$1,644$1,003
16 years$2,902$2,456$2,070$1,737$1,453$852
17 years$2,703$2,262$1,883$1,561$1,288$725
18 years$2,526$2,090$1,719$1,407$1,145$619
19 years$2,368$1,937$1,574$1,271$1,021$529
20 years$2,226$1,800$1,445$1,151$912$453
21 years$2,098$1,677$1,329$1,045$816$388
22 years$1,981$1,565$1,225$950$731$333
23 years$1,875$1,464$1,131$865$657$286
24 years$1,778$1,372$1,046$789$590$246
25 years$1,689$1,287$969$721$531$211
26 years$1,606$1,210$898$659$478$182
27 years$1,530$1,139$834$603$431$156
28 years$1,460$1,073$775$553$389$135
29 years$1,394$1,012$722$507$351$116
30 years$1,333$956$672$465$318$100
31 years$1,276$904$627$427$287$86
32 years$1,223$855$585$392$260$74
33 years$1,173$810$546$361$235$64
34 years$1,126$767$510$332$213$55
35 years$1,082$728$477$306$193$48
36 years$1,040$691$446$282$175$41
37 years$1,001$656$418$259$158$36
38 years$964$624$391$239$143$31
39 years$929$593$366$220$130$26
40 years$895$564$343$203$118$23
41 years$864$537$322$188$107$20
42 years$834$511$302$173$97$17
43 years$805$487$283$160$88$15
44 years$778$464$266$148$80$13
45 years$752$443$250$136$73$11
46 years$728$423$235$126$66$9
47 years$704$403$220$116$60$8
48 years$682$385$207$107$54$7
49 years$660$368$195$99$49$6
50 years$640$351$183$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $655,000, adding $5,278 every year, while hoping to spend $36,523 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: 82/8/10 Blend
58$655,000$655,000$655,000$655,000
59$727,254$692,539$682,387$785,324
60$762,574$687,613$666,387$819,201
61$800,272$681,222$648,626$851,006
62$840,553$673,255$629,008$884,824
63$883,640$663,595$607,431$920,837
64$929,779$652,119$583,787$959,245
65$979,237$638,694$557,965$1,000,268
66$1,032,312$623,182$529,849$1,044,151
67$1,089,325$605,435$499,316$1,091,159
68$1,150,633$585,298$466,240$1,141,590
69$1,216,625$562,606$430,487$1,195,766
70$1,287,730$537,183$391,918$1,254,047
71$1,364,419$508,845$350,387$1,316,828
72$1,447,209$477,397$305,744$1,384,543
73$1,536,667$442,633$257,829$1,457,673
74$1,633,417$404,332$206,477$1,536,746
75$1,738,147$362,265$151,515$1,622,345
76$1,851,610$316,188$92,762$1,715,113
77$1,974,635$265,843$30,031$1,815,758
78$2,108,135$210,956$0$1,925,061
79$2,253,113$151,241$0$2,047,824
80$2,410,672$86,393$0$2,184,731
81$2,582,025$16,092$0$2,333,645
82$2,768,509$0$0$2,495,744
83$2,971,593$0$0$2,677,609
84$3,192,893$0$0$2,877,343
85$3,434,189$0$0$3,095,140
86$3,697,439$0$0$3,332,767
87$3,984,799$0$0$3,592,173
88$4,298,641$0$0$3,875,501
89$4,641,579$0$0$4,185,112
90$5,016,487$0$0$4,523,604
91$5,426,532$0$0$4,893,837
92$5,875,199$0$0$5,298,963
93$6,366,329$0$0$5,742,449
94$6,904,147$0$0$6,228,115
95$7,493,309$0$0$6,760,167
96$8,138,942$0$0$7,343,237
97$8,846,690$0$0$7,982,426
98$9,622,772$0$0$8,683,353
99$10,474,036$0$0$9,452,206
100$11,408,027$0$0$10,295,802