Can I retire at age 59 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$54,337$53,853$53,381$52,920$52,470$50,568
2 years$26,900$26,399$25,913$25,442$24,986$23,090
3 years$17,755$17,252$16,767$16,301$15,852$14,023
4 years$13,183$12,682$12,202$11,744$11,306$9,557
5 years$10,441$9,943$9,470$9,021$8,594$6,930
6 years$8,614$8,119$7,653$7,214$6,800$5,222
7 years$7,309$6,818$6,360$5,931$5,531$4,038
8 years$6,331$5,845$5,393$4,975$4,588$3,180
9 years$5,570$5,089$4,645$4,238$3,864$2,538
10 years$4,962$4,485$4,050$3,653$3,292$2,047
11 years$4,465$3,993$3,565$3,179$2,831$1,663
12 years$4,051$3,584$3,164$2,789$2,454$1,360
13 years$3,701$3,239$2,827$2,462$2,140$1,118
14 years$3,402$2,944$2,540$2,185$1,876$922
15 years$3,142$2,689$2,293$1,949$1,651$763
16 years$2,915$2,468$2,079$1,745$1,460$633
17 years$2,715$2,273$1,892$1,568$1,294$527
18 years$2,538$2,100$1,727$1,413$1,151$439
19 years$2,379$1,946$1,581$1,277$1,026$366
20 years$2,236$1,808$1,451$1,156$916$306
21 years$2,107$1,685$1,335$1,050$820$256
22 years$1,990$1,572$1,230$954$735$214
23 years$1,884$1,471$1,136$869$660$179
24 years$1,786$1,378$1,050$793$593$150
25 years$1,696$1,293$973$724$534$126
26 years$1,614$1,215$902$662$481$105
27 years$1,537$1,144$838$606$433$88
28 years$1,467$1,078$779$555$391$74
29 years$1,401$1,017$725$509$353$62
30 years$1,339$960$675$467$319$52
31 years$1,282$908$629$429$288$44
32 years$1,229$859$587$394$261$37
33 years$1,178$813$548$363$236$31
34 years$1,131$771$512$334$214$26
35 years$1,087$731$479$307$194$22
36 years$1,045$694$448$283$175$18
37 years$1,006$659$419$261$159$15
38 years$968$626$393$240$144$13
39 years$933$596$368$221$131$11
40 years$900$567$345$204$119$9
41 years$868$539$323$188$108$8
42 years$838$514$303$174$98$6
43 years$809$490$285$161$89$5
44 years$782$467$267$148$80$5
45 years$756$445$251$137$73$4
46 years$731$424$236$126$66$3
47 years$707$405$221$117$60$3
48 years$685$387$208$108$55$2
49 years$663$369$196$100$50$2
50 years$642$353$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $658,000, adding $3,870 every year, while hoping to spend $51,456 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: 28/50/22 Blend
58$658,000$658,000$658,000$658,000
59$729,108$694,234$684,035$744,387
60$748,728$673,503$652,201$735,879
61$768,625$650,031$617,577$721,939
62$788,772$623,630$580,013$705,875
63$809,140$594,101$539,356$687,539
64$829,692$561,232$495,445$666,771
65$850,389$524,800$448,110$643,404
66$871,182$484,569$397,175$617,259
67$892,019$440,289$342,457$588,148
68$912,839$391,697$283,763$555,870
69$933,572$338,514$220,893$520,211
70$954,140$280,444$153,636$480,946
71$974,454$217,178$81,775$437,834
72$994,415$148,386$5,081$390,620
73$1,013,909$73,721$0$339,034
74$1,032,811$0$0$300,807
75$1,050,978$0$0$264,011
76$1,068,253$0$0$267,442
77$1,084,456$0$0$270,483
78$1,099,391$0$0$273,071
79$1,112,835$0$0$275,136
80$1,124,542$0$0$276,598
81$1,134,235$0$0$277,372
82$1,141,610$0$0$277,360
83$1,146,325$0$0$276,456
84$1,148,002$0$0$274,540
85$1,146,219$0$0$271,480
86$1,140,509$0$0$267,129
87$1,130,355$0$0$261,325
88$1,115,180$0$0$253,887
89$1,094,348$0$0$244,618
90$1,067,152$0$0$233,295
91$1,032,809$0$0$219,674
92$990,452$0$0$203,486
93$939,122$0$0$184,431
94$877,758$0$0$162,178
95$805,183$0$0$136,361
96$720,100$0$0$106,577
97$621,072$0$0$72,379
98$506,509$0$0$33,273
99$374,657$0$0$0
100$223,575$0$0$0