Can I retire at age 59 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$54,750$54,262$53,786$53,322$52,869$50,771
2 years$27,104$26,599$26,110$25,636$25,176$23,088
3 years$17,890$17,383$16,895$16,425$15,972$13,961
4 years$13,284$12,778$12,295$11,833$11,392$9,472
5 years$10,521$10,018$9,542$9,089$8,660$6,836
6 years$8,679$8,181$7,711$7,269$6,852$5,126
7 years$7,365$6,870$6,408$5,976$5,573$3,943
8 years$6,379$5,889$5,434$5,013$4,623$3,089
9 years$5,613$5,127$4,681$4,270$3,893$2,452
10 years$5,000$4,520$4,081$3,681$3,317$1,966
11 years$4,499$4,023$3,593$3,203$2,853$1,588
12 years$4,082$3,611$3,188$2,810$2,472$1,291
13 years$3,729$3,264$2,849$2,481$2,156$1,054
14 years$3,427$2,966$2,559$2,202$1,890$864
15 years$3,166$2,710$2,311$1,964$1,664$711
16 years$2,937$2,486$2,095$1,758$1,471$586
17 years$2,736$2,290$1,906$1,580$1,304$484
18 years$2,557$2,116$1,740$1,424$1,159$401
19 years$2,397$1,961$1,593$1,287$1,033$332
20 years$2,253$1,822$1,462$1,165$923$275
21 years$2,123$1,697$1,345$1,057$826$229
22 years$2,006$1,584$1,240$962$740$190
23 years$1,898$1,482$1,144$876$665$158
24 years$1,800$1,388$1,058$799$597$131
25 years$1,709$1,303$980$729$538$109
26 years$1,626$1,225$909$667$484$91
27 years$1,549$1,152$844$610$437$76
28 years$1,478$1,086$785$559$394$63
29 years$1,411$1,024$730$513$356$53
30 years$1,350$968$680$471$321$44
31 years$1,292$915$634$432$291$37
32 years$1,238$865$592$397$263$30
33 years$1,187$820$553$365$238$25
34 years$1,140$777$516$336$215$21
35 years$1,095$737$483$309$195$18
36 years$1,053$699$452$285$177$15
37 years$1,013$664$423$263$160$12
38 years$976$631$396$242$145$10
39 years$940$600$371$223$132$9
40 years$906$571$348$206$119$7
41 years$874$544$326$190$108$6
42 years$844$518$306$175$98$5
43 years$815$493$287$162$89$4
44 years$788$470$269$149$81$3
45 years$762$448$253$138$74$3
46 years$737$428$237$127$67$2
47 years$713$408$223$118$61$2
48 years$690$390$210$109$55$2
49 years$668$372$197$101$50$1
50 years$647$355$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $663,000, adding $6,672 every year, while hoping to spend $31,850 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: 46/44/10 Blend
58$663,000$663,000$663,000$663,000
59$737,508$702,369$692,093$769,077
60$778,846$702,897$681,390$792,098
61$823,332$702,383$669,261$813,235
62$871,256$700,743$655,624$835,441
63$922,931$697,887$640,395$858,826
64$978,706$693,720$623,484$883,512
65$1,038,962$688,140$604,798$909,636
66$1,104,117$681,039$584,240$937,353
67$1,174,632$672,305$561,707$966,830
68$1,251,013$661,817$537,093$998,260
69$1,333,817$649,447$510,286$1,031,853
70$1,423,656$635,059$481,171$1,067,846
71$1,521,203$618,511$449,624$1,106,500
72$1,627,198$599,651$415,518$1,148,109
73$1,742,455$578,317$378,722$1,192,997
74$1,867,872$554,341$339,095$1,241,526
75$2,004,433$527,542$296,493$1,294,098
76$2,153,224$497,730$250,764$1,351,159
77$2,315,438$464,703$201,750$1,413,205
78$2,492,389$428,250$149,285$1,480,788
79$2,685,523$388,146$93,197$1,554,518
80$2,896,433$344,151$33,306$1,635,075
81$3,126,871$296,017$0$1,723,212
82$3,378,767$243,476$0$1,823,030
83$3,654,243$186,248$0$1,936,194
84$3,955,640$124,038$0$2,060,196
85$4,285,532$56,533$0$2,196,196
86$4,646,755$0$0$2,345,480
87$5,042,432$0$0$2,517,505
88$5,476,002$0$0$2,736,075
89$5,951,252$0$0$2,975,734
90$6,472,354$0$0$3,238,597
91$7,043,901$0$0$3,526,991
92$7,670,954$0$0$3,843,481
93$8,359,087$0$0$4,190,889
94$9,114,439$0$0$4,572,327
95$9,943,772$0$0$4,991,222
96$10,854,537$0$0$5,451,348
97$11,854,940$0$0$5,956,865
98$12,954,021$0$0$6,512,353
99$14,161,739$0$0$7,122,859
100$15,489,066$0$0$7,793,943