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%13.2%
1 years$54,172$53,689$53,219$52,759$52,310$51,614
2 years$26,818$26,318$25,834$25,365$24,910$24,209
3 years$17,701$17,199$16,716$16,252$15,804$15,121
4 years$13,143$12,643$12,165$11,708$11,271$10,611
5 years$10,410$9,913$9,441$8,993$8,568$7,933
6 years$8,588$8,094$7,630$7,192$6,780$6,170
7 years$7,287$6,798$6,340$5,913$5,514$4,930
8 years$6,312$5,827$5,377$4,960$4,574$4,016
9 years$5,553$5,073$4,631$4,225$3,852$3,320
10 years$4,947$4,472$4,038$3,642$3,282$2,775
11 years$4,452$3,981$3,555$3,170$2,823$2,340
12 years$4,039$3,573$3,155$2,780$2,446$1,988
13 years$3,690$3,229$2,818$2,454$2,133$1,698
14 years$3,391$2,935$2,532$2,179$1,870$1,458
15 years$3,133$2,681$2,286$1,943$1,646$1,256
16 years$2,906$2,460$2,073$1,740$1,455$1,087
17 years$2,707$2,266$1,886$1,563$1,290$942
18 years$2,530$2,094$1,722$1,409$1,147$819
19 years$2,372$1,940$1,576$1,273$1,023$714
20 years$2,230$1,803$1,447$1,153$913$623
21 years$2,101$1,679$1,331$1,046$817$544
22 years$1,984$1,568$1,226$951$733$477
23 years$1,878$1,466$1,132$866$658$418
24 years$1,781$1,374$1,047$790$591$366
25 years$1,691$1,289$970$722$532$322
26 years$1,609$1,212$900$660$479$282
27 years$1,533$1,140$835$604$432$248
28 years$1,462$1,074$777$553$390$218
29 years$1,396$1,014$723$507$352$192
30 years$1,335$957$673$466$318$169
31 years$1,278$905$628$428$288$149
32 years$1,225$856$586$393$260$131
33 years$1,175$811$547$361$235$116
34 years$1,128$769$511$333$213$102
35 years$1,084$729$478$306$193$90
36 years$1,042$692$447$282$175$79
37 years$1,003$657$418$260$158$70
38 years$965$625$392$239$144$62
39 years$930$594$367$221$130$55
40 years$897$565$344$204$118$48
41 years$865$538$322$188$107$42
42 years$835$512$302$173$97$38
43 years$807$488$284$160$88$33
44 years$779$465$266$148$80$29
45 years$754$444$250$137$73$26
46 years$729$423$235$126$66$23
47 years$705$404$221$116$60$20
48 years$683$386$207$108$54$18
49 years$661$368$195$99$49$16
50 years$640$352$183$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $656,000, adding $6,318 every year, while hoping to spend $39,303 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: 61/33/6 Blend
58$656,000$656,000$656,000$656,000
59$729,429$694,661$684,493$772,729
60$762,013$686,881$665,605$794,654
61$796,603$677,403$644,768$813,439
62$833,362$666,102$621,873$832,927
63$872,469$652,845$596,811$853,185
64$914,120$637,493$569,462$874,289
65$958,527$619,898$539,707$896,324
66$1,005,926$599,902$507,416$919,386
67$1,056,573$577,339$472,457$943,581
68$1,110,749$552,035$434,690$969,030
69$1,168,763$523,802$393,970$995,865
70$1,230,953$492,444$350,144$1,024,238
71$1,297,690$457,754$303,053$1,054,316
72$1,369,382$419,511$252,533$1,086,286
73$1,446,475$377,483$198,408$1,120,358
74$1,529,460$331,424$140,500$1,156,765
75$1,618,875$281,075$78,617$1,195,769
76$1,715,314$226,161$12,564$1,237,660
77$1,819,426$166,393$0$1,282,763
78$1,931,925$101,464$0$1,335,147
79$2,053,598$31,052$0$1,392,605
80$2,185,306$0$0$1,454,795
81$2,327,999$0$0$1,538,637
82$2,482,720$0$0$1,641,816
83$2,650,617$0$0$1,753,825
84$2,832,951$0$0$1,875,512
85$3,031,110$0$0$2,007,810
86$3,246,621$0$0$2,151,743
87$3,481,164$0$0$2,308,441
88$3,736,587$0$0$2,479,143
89$4,014,924$0$0$2,665,218
90$4,318,413$0$0$2,868,168
91$4,649,518$0$0$3,089,649
92$5,010,951$0$0$3,331,482
93$5,405,696$0$0$3,595,672
94$5,837,039$0$0$3,884,428
95$6,308,598$0$0$4,200,180
96$6,824,356$0$0$4,545,604
97$7,388,697$0$0$4,923,648
98$8,006,452$0$0$5,337,554
99$8,682,937$0$0$5,790,898
100$9,424,009$0$0$6,287,614