Can I retire at age 59 with 663,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$54,750$54,262$53,786$53,322$52,869$52,557
2 years$27,104$26,599$26,110$25,636$25,176$24,862
3 years$17,890$17,383$16,895$16,425$15,972$15,665
4 years$13,284$12,778$12,295$11,833$11,392$11,094
5 years$10,521$10,018$9,542$9,089$8,660$8,372
6 years$8,679$8,181$7,711$7,269$6,852$6,575
7 years$7,365$6,870$6,408$5,976$5,573$5,306
8 years$6,379$5,889$5,434$5,013$4,623$4,368
9 years$5,613$5,127$4,681$4,270$3,893$3,648
10 years$5,000$4,520$4,081$3,681$3,317$3,083
11 years$4,499$4,023$3,593$3,203$2,853$2,629
12 years$4,082$3,611$3,188$2,810$2,472$2,259
13 years$3,729$3,264$2,849$2,481$2,156$1,952
14 years$3,427$2,966$2,559$2,202$1,890$1,696
15 years$3,166$2,710$2,311$1,964$1,664$1,479
16 years$2,937$2,486$2,095$1,758$1,471$1,295
17 years$2,736$2,290$1,906$1,580$1,304$1,138
18 years$2,557$2,116$1,740$1,424$1,159$1,002
19 years$2,397$1,961$1,593$1,287$1,033$884
20 years$2,253$1,822$1,462$1,165$923$782
21 years$2,123$1,697$1,345$1,057$826$693
22 years$2,006$1,584$1,240$962$740$614
23 years$1,898$1,482$1,144$876$665$546
24 years$1,800$1,388$1,058$799$597$485
25 years$1,709$1,303$980$729$538$432
26 years$1,626$1,225$909$667$484$385
27 years$1,549$1,152$844$610$437$343
28 years$1,478$1,086$785$559$394$306
29 years$1,411$1,024$730$513$356$274
30 years$1,350$968$680$471$321$245
31 years$1,292$915$634$432$291$219
32 years$1,238$865$592$397$263$196
33 years$1,187$820$553$365$238$175
34 years$1,140$777$516$336$215$157
35 years$1,095$737$483$309$195$140
36 years$1,053$699$452$285$177$126
37 years$1,013$664$423$263$160$112
38 years$976$631$396$242$145$101
39 years$940$600$371$223$132$90
40 years$906$571$348$206$119$81
41 years$874$544$326$190$108$73
42 years$844$518$306$175$98$65
43 years$815$493$287$162$89$58
44 years$788$470$269$149$81$52
45 years$762$448$253$138$74$47
46 years$737$428$237$127$67$42
47 years$713$408$223$118$61$38
48 years$690$390$210$109$55$34
49 years$668$372$197$101$50$30
50 years$647$355$185$93$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $663,000, adding $5,992 every year, while hoping to spend $23,279 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: 73/15/12 Blend
58$663,000$663,000$663,000$663,000
59$736,807$701,668$691,391$788,355
60$787,192$711,281$689,784$832,858
61$841,937$720,585$687,343$878,126
62$901,461$729,540$684,015$927,076
63$966,226$738,103$679,746$980,066
64$1,036,741$746,230$674,477$1,037,491
65$1,113,565$753,872$668,149$1,099,787
66$1,197,315$760,977$660,698$1,167,432
67$1,288,666$767,491$652,057$1,240,955
68$1,388,367$773,354$642,157$1,320,938
69$1,497,237$778,505$630,926$1,408,023
70$1,616,180$782,877$618,287$1,502,917
71$1,746,191$786,399$604,160$1,606,399
72$1,888,366$788,996$588,464$1,719,329
73$2,043,911$790,589$571,109$1,842,655
74$2,214,154$791,092$552,005$1,977,418
75$2,400,558$790,415$531,057$2,124,771
76$2,604,732$788,462$508,164$2,285,982
77$2,828,450$785,133$483,224$2,462,447
78$3,073,666$780,318$456,125$2,655,708
79$3,342,530$773,904$426,756$2,867,464
80$3,637,412$765,769$394,996$3,099,587
81$3,960,922$755,785$360,722$3,354,140
82$4,315,932$743,815$323,802$3,633,398
83$4,705,610$729,715$284,103$3,939,869
84$5,133,443$713,332$241,481$4,276,316
85$5,603,273$694,504$195,789$4,645,787
86$6,119,331$673,059$146,872$5,051,640
87$6,686,280$648,815$94,569$5,497,576
88$7,309,255$621,582$38,712$5,987,676
89$7,993,914$591,154$0$6,526,438
90$8,746,490$557,318$0$7,121,497
91$9,573,851$519,845$0$7,781,103
92$10,483,562$478,496$0$8,506,345
93$11,483,958$433,015$0$9,303,888
94$12,584,224$383,135$0$10,181,076
95$13,794,477$328,571$0$11,146,005
96$15,125,866$269,024$0$12,207,596
97$16,590,674$204,175$0$13,375,681
98$18,202,435$133,691$0$14,661,093
99$19,976,059$57,218$0$16,075,773
100$21,927,978$0$0$17,632,880