Can I retire at age 59 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$54,420$53,935$53,462$53,000$52,550$52,262
2 years$26,940$26,439$25,952$25,481$25,024$24,734
3 years$17,782$17,278$16,793$16,326$15,876$15,592
4 years$13,203$12,701$12,221$11,762$11,323$11,048
5 years$10,457$9,958$9,484$9,034$8,607$8,342
6 years$8,627$8,131$7,664$7,225$6,811$6,555
7 years$7,320$6,829$6,369$5,940$5,539$5,293
8 years$6,340$5,853$5,402$4,983$4,595$4,359
9 years$5,579$5,096$4,652$4,244$3,870$3,643
10 years$4,970$4,492$4,056$3,659$3,297$3,080
11 years$4,472$3,999$3,571$3,184$2,836$2,629
12 years$4,058$3,589$3,169$2,793$2,457$2,260
13 years$3,707$3,244$2,831$2,466$2,143$1,954
14 years$3,407$2,949$2,544$2,189$1,878$1,699
15 years$3,147$2,694$2,297$1,952$1,654$1,483
16 years$2,920$2,471$2,082$1,748$1,462$1,299
17 years$2,719$2,276$1,895$1,570$1,296$1,142
18 years$2,542$2,103$1,730$1,415$1,152$1,006
19 years$2,383$1,949$1,584$1,279$1,027$889
20 years$2,240$1,811$1,453$1,158$917$786
21 years$2,111$1,687$1,337$1,051$821$697
22 years$1,993$1,575$1,232$956$736$619
23 years$1,887$1,473$1,138$870$661$550
24 years$1,789$1,380$1,052$794$594$490
25 years$1,699$1,295$974$725$534$436
26 years$1,616$1,217$904$663$481$389
27 years$1,540$1,145$839$607$434$347
28 years$1,469$1,079$780$556$392$310
29 years$1,403$1,018$726$510$354$277
30 years$1,341$962$676$468$319$248
31 years$1,284$909$630$430$289$222
32 years$1,230$860$588$395$261$199
33 years$1,180$815$549$363$236$178
34 years$1,133$772$513$334$214$159
35 years$1,089$732$480$308$194$143
36 years$1,047$695$449$283$176$128
37 years$1,007$660$420$261$159$115
38 years$970$627$393$241$144$103
39 years$934$597$369$222$131$92
40 years$901$568$345$205$119$83
41 years$869$540$324$189$108$74
42 years$839$515$304$174$98$67
43 years$810$490$285$161$89$60
44 years$783$467$268$148$81$54
45 years$757$446$251$137$73$48
46 years$732$425$236$127$66$43
47 years$708$406$222$117$60$39
48 years$686$387$208$108$55$35
49 years$664$370$196$100$50$31
50 years$643$353$184$92$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $659,000, adding $4,049 every year, while hoping to spend $55,680 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: 60/35/5 Blend
58$659,000$659,000$659,000$659,000
59$730,395$695,468$685,253$773,354
60$745,652$670,302$648,966$777,403
61$760,599$642,038$609,597$775,023
62$775,146$610,464$566,984$771,001
63$789,191$575,357$520,959$765,179
64$802,621$536,481$471,343$757,385
65$815,307$493,588$417,952$747,436
66$827,109$446,414$360,594$735,130
67$837,867$394,681$299,066$720,249
68$847,403$338,094$233,159$702,558
69$855,520$276,343$162,652$681,802
70$861,998$209,099$87,316$657,701
71$866,592$136,015$6,911$629,954
72$869,030$56,725$0$598,235
73$869,009$0$0$566,398
74$866,193$0$0$541,742
75$860,209$0$0$536,809
76$850,643$0$0$529,478
77$837,037$0$0$519,442
78$818,880$0$0$506,366
79$795,610$0$0$489,875
80$766,603$0$0$469,556
81$731,167$0$0$444,950
82$688,537$0$0$415,550
83$637,867$0$0$380,796
84$578,220$0$0$340,067
85$508,560$0$0$292,678
86$427,744$0$0$237,869
87$334,504$0$0$174,802
88$227,442$0$0$102,553
89$105,013$0$0$20,096
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0