Can I retire at age 59 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$54,172$53,689$53,219$52,759$52,310$52,068
2 years$26,818$26,318$25,834$25,365$24,910$24,665
3 years$17,701$17,199$16,716$16,252$15,804$15,564
4 years$13,143$12,643$12,165$11,708$11,271$11,039
5 years$10,410$9,913$9,441$8,993$8,568$8,344
6 years$8,588$8,094$7,630$7,192$6,780$6,564
7 years$7,287$6,798$6,340$5,913$5,514$5,306
8 years$6,312$5,827$5,377$4,960$4,574$4,374
9 years$5,553$5,073$4,631$4,225$3,852$3,661
10 years$4,947$4,472$4,038$3,642$3,282$3,099
11 years$4,452$3,981$3,555$3,170$2,823$2,647
12 years$4,039$3,573$3,155$2,780$2,446$2,279
13 years$3,690$3,229$2,818$2,454$2,133$1,973
14 years$3,391$2,935$2,532$2,179$1,870$1,717
15 years$3,133$2,681$2,286$1,943$1,646$1,501
16 years$2,906$2,460$2,073$1,740$1,455$1,317
17 years$2,707$2,266$1,886$1,563$1,290$1,159
18 years$2,530$2,094$1,722$1,409$1,147$1,023
19 years$2,372$1,940$1,576$1,273$1,023$905
20 years$2,230$1,803$1,447$1,153$913$802
21 years$2,101$1,679$1,331$1,046$817$712
22 years$1,984$1,568$1,226$951$733$633
23 years$1,878$1,466$1,132$866$658$563
24 years$1,781$1,374$1,047$790$591$502
25 years$1,691$1,289$970$722$532$448
26 years$1,609$1,212$900$660$479$400
27 years$1,533$1,140$835$604$432$358
28 years$1,462$1,074$777$553$390$320
29 years$1,396$1,014$723$507$352$287
30 years$1,335$957$673$466$318$257
31 years$1,278$905$628$428$288$230
32 years$1,225$856$586$393$260$206
33 years$1,175$811$547$361$235$185
34 years$1,128$769$511$333$213$166
35 years$1,084$729$478$306$193$149
36 years$1,042$692$447$282$175$134
37 years$1,003$657$418$260$158$120
38 years$965$625$392$239$144$108
39 years$930$594$367$221$130$97
40 years$897$565$344$204$118$87
41 years$865$538$322$188$107$78
42 years$835$512$302$173$97$70
43 years$807$488$284$160$88$63
44 years$779$465$266$148$80$57
45 years$754$444$250$137$73$51
46 years$729$423$235$126$66$46
47 years$705$404$221$116$60$41
48 years$683$386$207$108$54$37
49 years$661$368$195$99$49$33
50 years$640$352$183$92$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $656,000, adding $4,535 every year, while hoping to spend $28,185 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: 38/42/20 Blend
58$656,000$656,000$656,000$656,000
59$727,590$692,822$682,654$750,725
60$771,815$696,782$675,534$771,807
61$819,607$699,991$667,231$791,580
62$871,300$702,382$657,676$812,370
63$927,259$703,886$646,795$834,284
64$987,890$704,427$634,513$857,441
65$1,053,636$703,925$620,751$881,978
66$1,124,985$702,296$605,424$908,043
67$1,202,474$699,448$588,446$935,803
68$1,286,693$695,288$569,725$965,446
69$1,378,291$689,713$549,167$997,178
70$1,477,984$682,616$526,671$1,031,231
71$1,586,557$673,883$502,133$1,067,862
72$1,704,876$663,393$475,445$1,107,359
73$1,833,893$651,019$446,492$1,150,041
74$1,974,656$636,625$415,155$1,196,261
75$2,128,318$620,067$381,310$1,246,414
76$2,296,150$601,194$344,828$1,300,939
77$2,479,549$579,844$305,571$1,360,321
78$2,680,055$555,848$263,399$1,425,101
79$2,899,361$529,025$218,164$1,495,879
80$3,139,333$499,185$169,710$1,573,320
81$3,402,027$466,126$117,876$1,658,162
82$3,689,703$429,635$62,494$1,751,224
83$4,004,853$389,488$3,388$1,853,415
84$4,350,220$345,445$0$1,965,739
85$4,728,827$297,256$0$2,102,049
86$5,144,000$244,655$0$2,252,444
87$5,599,405$187,360$0$2,417,608
88$6,099,079$125,075$0$2,599,104
89$6,647,469$57,487$0$2,798,653
90$7,249,472$0$0$3,018,161
91$7,910,484$0$0$3,267,006
92$8,636,449$0$0$3,569,575
93$9,433,914$0$0$3,902,040
94$10,310,092$0$0$4,267,420
95$11,272,928$0$0$4,669,041
96$12,331,177$0$0$5,110,568
97$13,494,481$0$0$5,596,036
98$14,773,467$0$0$6,129,895
99$16,179,840$0$0$6,717,043
100$17,726,496$0$0$7,362,880