Can I retire at age 59 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$54,254$53,771$53,300$52,839$52,390$52,060
2 years$26,859$26,358$25,874$25,404$24,948$24,615
3 years$17,728$17,226$16,742$16,276$15,828$15,502
4 years$13,163$12,663$12,184$11,726$11,289$10,973
5 years$10,425$9,928$9,455$9,007$8,581$8,277
6 years$8,601$8,107$7,641$7,203$6,790$6,497
7 years$7,298$6,808$6,350$5,922$5,522$5,240
8 years$6,321$5,836$5,385$4,968$4,581$4,311
9 years$5,562$5,081$4,638$4,231$3,858$3,599
10 years$4,955$4,479$4,044$3,647$3,287$3,039
11 years$4,459$3,987$3,560$3,174$2,827$2,590
12 years$4,045$3,579$3,159$2,784$2,450$2,224
13 years$3,696$3,234$2,823$2,458$2,136$1,921
14 years$3,396$2,940$2,536$2,182$1,873$1,667
15 years$3,137$2,685$2,290$1,946$1,649$1,454
16 years$2,911$2,464$2,076$1,742$1,457$1,272
17 years$2,711$2,269$1,889$1,566$1,292$1,116
18 years$2,534$2,097$1,725$1,411$1,149$982
19 years$2,375$1,943$1,579$1,275$1,024$866
20 years$2,233$1,806$1,449$1,155$915$766
21 years$2,104$1,682$1,333$1,048$819$678
22 years$1,987$1,570$1,228$953$734$601
23 years$1,881$1,468$1,134$868$659$533
24 years$1,783$1,376$1,049$791$592$474
25 years$1,694$1,291$971$723$533$422
26 years$1,611$1,213$901$661$480$375
27 years$1,535$1,142$837$605$433$334
28 years$1,464$1,076$778$554$390$298
29 years$1,399$1,015$724$508$352$266
30 years$1,337$959$674$466$318$238
31 years$1,280$906$629$428$288$212
32 years$1,227$858$586$394$260$190
33 years$1,177$812$548$362$236$170
34 years$1,130$770$512$333$213$152
35 years$1,085$730$478$307$193$136
36 years$1,043$693$447$282$175$121
37 years$1,004$658$419$260$159$109
38 years$967$625$392$240$144$97
39 years$932$595$367$221$131$87
40 years$898$566$344$204$118$78
41 years$867$539$323$188$107$70
42 years$836$513$303$174$97$63
43 years$808$489$284$160$88$56
44 years$781$466$267$148$80$50
45 years$755$444$251$137$73$45
46 years$730$424$235$126$66$40
47 years$706$404$221$117$60$36
48 years$684$386$208$108$55$32
49 years$662$369$195$100$50$29
50 years$641$352$184$92$45$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $657,000, adding $2,144 every year, while hoping to spend $24,268 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: 43/42/15 Blend
58$657,000$657,000$657,000$657,000
59$726,226$691,405$681,221$754,201
60$774,480$699,462$678,221$782,099
61$826,842$707,102$674,307$809,727
62$883,707$714,276$669,423$839,135
63$945,506$720,937$663,510$870,497
64$1,012,716$727,032$656,506$904,007
65$1,085,861$732,504$648,347$939,877
66$1,165,517$737,295$638,965$978,345
67$1,252,318$741,341$628,288$1,019,672
68$1,346,962$744,574$616,244$1,064,148
69$1,450,218$746,924$602,753$1,112,093
70$1,562,930$748,313$587,736$1,163,861
71$1,686,030$748,661$571,106$1,219,846
72$1,820,542$747,883$552,775$1,280,481
73$1,967,594$745,886$532,649$1,346,245
74$2,128,429$742,574$510,633$1,417,670
75$2,304,412$737,844$486,623$1,495,343
76$2,497,051$731,587$460,514$1,579,912
77$2,708,003$723,688$432,194$1,672,096
78$2,939,094$714,023$401,547$1,772,688
79$3,192,336$702,464$368,452$1,882,564
80$3,469,941$688,872$332,783$2,002,694
81$3,774,350$673,101$294,406$2,134,149
82$4,108,248$654,998$253,183$2,278,112
83$4,474,595$634,398$208,970$2,435,891
84$4,876,649$611,130$161,616$2,608,931
85$5,318,001$585,008$110,964$2,798,828
86$5,802,605$555,841$56,849$3,007,345
87$6,334,816$523,423$0$3,236,430
88$6,919,434$487,537$0$3,488,377
89$7,561,744$447,955$0$3,775,138
90$8,267,571$404,434$0$4,090,255
91$9,043,330$356,718$0$4,436,657
92$9,896,089$304,536$0$4,817,573
93$10,833,635$247,603$0$5,236,568
94$11,864,547$185,618$0$5,697,572
95$12,998,278$118,260$0$6,204,926
96$14,245,241$45,193$0$6,763,414
97$15,616,910$0$0$7,378,317
98$17,125,927$0$0$8,071,144
99$18,786,220$0$0$8,856,500
100$20,613,137$0$0$9,720,769