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%
1 years$54,254$53,771$53,300$52,839$52,390$52,169
2 years$26,859$26,358$25,874$25,404$24,948$24,725
3 years$17,728$17,226$16,742$16,276$15,828$15,610
4 years$13,163$12,663$12,184$11,726$11,289$11,077
5 years$10,425$9,928$9,455$9,007$8,581$8,377
6 years$8,601$8,107$7,641$7,203$6,790$6,593
7 years$7,298$6,808$6,350$5,922$5,522$5,333
8 years$6,321$5,836$5,385$4,968$4,581$4,399
9 years$5,562$5,081$4,638$4,231$3,858$3,683
10 years$4,955$4,479$4,044$3,647$3,287$3,120
11 years$4,459$3,987$3,560$3,174$2,827$2,667
12 years$4,045$3,579$3,159$2,784$2,450$2,297
13 years$3,696$3,234$2,823$2,458$2,136$1,990
14 years$3,396$2,940$2,536$2,182$1,873$1,733
15 years$3,137$2,685$2,290$1,946$1,649$1,516
16 years$2,911$2,464$2,076$1,742$1,457$1,331
17 years$2,711$2,269$1,889$1,566$1,292$1,172
18 years$2,534$2,097$1,725$1,411$1,149$1,035
19 years$2,375$1,943$1,579$1,275$1,024$916
20 years$2,233$1,806$1,449$1,155$915$813
21 years$2,104$1,682$1,333$1,048$819$722
22 years$1,987$1,570$1,228$953$734$642
23 years$1,881$1,468$1,134$868$659$572
24 years$1,783$1,376$1,049$791$592$511
25 years$1,694$1,291$971$723$533$456
26 years$1,611$1,213$901$661$480$408
27 years$1,535$1,142$837$605$433$365
28 years$1,464$1,076$778$554$390$326
29 years$1,399$1,015$724$508$352$292
30 years$1,337$959$674$466$318$262
31 years$1,280$906$629$428$288$235
32 years$1,227$858$586$394$260$211
33 years$1,177$812$548$362$236$189
34 years$1,130$770$512$333$213$170
35 years$1,085$730$478$307$193$153
36 years$1,043$693$447$282$175$137
37 years$1,004$658$419$260$159$123
38 years$967$625$392$240$144$111
39 years$932$595$367$221$131$100
40 years$898$566$344$204$118$90
41 years$867$539$323$188$107$81
42 years$836$513$303$174$97$73
43 years$808$489$284$160$88$65
44 years$781$466$267$148$80$59
45 years$755$444$251$137$73$53
46 years$730$424$235$126$66$48
47 years$706$404$221$117$60$43
48 years$684$386$208$108$55$39
49 years$662$369$195$100$50$35
50 years$641$352$184$92$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $657,000, adding $5,132 every year, while hoping to spend $47,154 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: 34/40/26 Blend
58$657,000$657,000$657,000$657,000
59$729,308$694,487$684,303$748,209
60$753,526$678,345$657,056$746,682
61$778,633$659,832$627,315$740,430
62$804,672$638,782$594,948$732,758
63$831,685$615,018$559,815$723,574
64$859,718$588,356$521,771$712,776
65$888,822$558,598$480,663$700,261
66$919,050$525,537$436,333$685,918
67$950,456$488,952$388,613$669,632
68$983,103$448,611$337,332$651,281
69$1,017,054$404,267$282,307$630,737
70$1,052,379$355,661$223,350$607,867
71$1,089,152$302,519$160,262$582,530
72$1,127,452$244,550$92,838$554,579
73$1,167,367$181,447$20,863$523,860
74$1,208,987$112,887$0$490,211
75$1,252,413$38,528$0$468,986
76$1,297,752$0$0$451,670
77$1,345,120$0$0$450,836
78$1,394,642$0$0$467,716
79$1,446,453$0$0$485,402
80$1,500,700$0$0$503,945
81$1,557,541$0$0$523,405
82$1,617,149$0$0$543,843
83$1,679,710$0$0$565,328
84$1,745,427$0$0$587,935
85$1,814,521$0$0$611,742
86$1,887,230$0$0$636,839
87$1,963,816$0$0$663,321
88$2,044,563$0$0$691,292
89$2,129,779$0$0$720,866
90$2,219,803$0$0$752,167
91$2,315,002$0$0$785,330
92$2,415,778$0$0$820,504
93$2,522,569$0$0$857,850
94$2,635,855$0$0$897,546
95$2,756,160$0$0$939,785
96$2,884,056$0$0$984,779
97$3,020,171$0$0$1,032,760
98$3,165,191$0$0$1,083,983
99$3,319,867$0$0$1,138,726
100$3,485,023$0$0$1,197,294