Can I retire at age 59 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$54,502$54,017$53,543$53,081$52,629$51,336
2 years$26,981$26,479$25,992$25,520$25,062$23,767
3 years$17,809$17,304$16,818$16,351$15,900$14,644
4 years$13,224$12,720$12,239$11,780$11,340$10,132
5 years$10,473$9,973$9,498$9,048$8,621$7,465
6 years$8,640$8,144$7,676$7,236$6,821$5,718
7 years$7,331$6,839$6,379$5,949$5,547$4,498
8 years$6,350$5,862$5,410$4,990$4,602$3,605
9 years$5,587$5,104$4,659$4,251$3,876$2,930
10 years$4,977$4,499$4,062$3,664$3,302$2,408
11 years$4,479$4,005$3,576$3,189$2,840$1,995
12 years$4,064$3,595$3,174$2,797$2,461$1,664
13 years$3,713$3,249$2,836$2,469$2,146$1,396
14 years$3,412$2,953$2,548$2,192$1,881$1,175
15 years$3,152$2,698$2,300$1,955$1,656$994
16 years$2,924$2,475$2,086$1,750$1,464$843
17 years$2,723$2,279$1,898$1,573$1,298$716
18 years$2,545$2,106$1,732$1,417$1,154$610
19 years$2,386$1,952$1,586$1,281$1,029$521
20 years$2,243$1,814$1,456$1,160$919$445
21 years$2,114$1,690$1,339$1,053$822$381
22 years$1,996$1,577$1,234$957$737$326
23 years$1,889$1,475$1,139$872$662$280
24 years$1,792$1,382$1,054$795$595$240
25 years$1,702$1,297$976$726$535$206
26 years$1,619$1,219$905$664$482$177
27 years$1,542$1,147$840$608$435$152
28 years$1,471$1,081$781$557$392$131
29 years$1,405$1,020$727$511$354$113
30 years$1,343$963$677$469$320$97
31 years$1,286$910$631$430$289$83
32 years$1,232$861$589$395$262$72
33 years$1,182$816$550$364$237$62
34 years$1,135$773$514$335$214$53
35 years$1,090$733$480$308$194$46
36 years$1,048$696$449$284$176$39
37 years$1,009$661$421$261$159$34
38 years$971$628$394$241$145$29
39 years$936$597$369$222$131$25
40 years$902$568$346$205$119$22
41 years$871$541$324$189$108$19
42 years$840$515$304$174$98$16
43 years$812$491$286$161$89$14
44 years$784$468$268$149$81$12
45 years$758$446$252$137$73$10
46 years$733$426$236$127$66$9
47 years$710$406$222$117$60$8
48 years$687$388$209$108$55$7
49 years$665$370$196$100$50$6
50 years$644$354$184$93$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $660,000, adding $6,786 every year, while hoping to spend $47,870 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: 64/25/11 Blend
58$660,000$660,000$660,000$660,000
59$734,320$699,340$689,110$779,076
60$758,287$682,674$661,262$793,148
61$783,095$663,587$630,876$802,315
62$808,778$641,911$597,818$811,120
63$835,373$617,464$561,945$819,527
64$862,921$590,060$523,110$827,497
65$891,462$559,496$481,157$834,989
66$921,041$525,561$435,925$841,960
67$951,704$488,030$387,246$848,367
68$983,501$446,667$334,942$854,162
69$1,016,486$401,221$278,830$859,295
70$1,050,714$351,428$218,718$863,715
71$1,086,245$297,006$154,403$867,369
72$1,123,144$237,662$85,678$870,200
73$1,161,479$173,081$12,322$872,150
74$1,201,323$102,936$0$873,159
75$1,242,755$26,876$0$880,905
76$1,285,857$0$0$889,627
77$1,330,721$0$0$913,098
78$1,377,443$0$0$945,249
79$1,426,126$0$0$978,758
80$1,476,883$0$0$1,013,704
81$1,529,834$0$0$1,050,170
82$1,585,108$0$0$1,088,247
83$1,642,846$0$0$1,128,033
84$1,703,200$0$0$1,169,634
85$1,766,332$0$0$1,213,164
86$1,832,420$0$0$1,258,748
87$1,901,655$0$0$1,306,519
88$1,974,246$0$0$1,356,623
89$2,050,417$0$0$1,409,219
90$2,130,414$0$0$1,464,477
91$2,214,503$0$0$1,522,584
92$2,302,973$0$0$1,583,743
93$2,396,138$0$0$1,648,175
94$2,494,341$0$0$1,716,120
95$2,597,956$0$0$1,787,840
96$2,707,389$0$0$1,863,621
97$2,823,084$0$0$1,943,774
98$2,945,525$0$0$2,028,640
99$3,075,242$0$0$2,118,590
100$3,212,811$0$0$2,214,030