Can I retire at age 59 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$54,832$54,344$53,868$53,402$52,948$52,439
2 years$27,145$26,639$26,149$25,674$25,213$24,700
3 years$17,917$17,409$16,920$16,450$15,996$15,496
4 years$13,304$12,797$12,314$11,851$11,409$10,924
5 years$10,537$10,033$9,556$9,103$8,673$8,205
6 years$8,692$8,193$7,723$7,280$6,862$6,413
7 years$7,376$6,880$6,418$5,985$5,581$5,150
8 years$6,389$5,898$5,443$5,021$4,630$4,217
9 years$5,621$5,135$4,688$4,276$3,899$3,504
10 years$5,008$4,526$4,087$3,686$3,322$2,945
11 years$4,506$4,030$3,598$3,208$2,857$2,498
12 years$4,088$3,617$3,193$2,814$2,476$2,134
13 years$3,735$3,268$2,853$2,484$2,159$1,833
14 years$3,433$2,971$2,563$2,205$1,893$1,583
15 years$3,171$2,714$2,314$1,967$1,666$1,373
16 years$2,942$2,490$2,098$1,761$1,473$1,195
17 years$2,740$2,293$1,909$1,582$1,306$1,043
18 years$2,561$2,119$1,743$1,426$1,161$912
19 years$2,401$1,964$1,596$1,288$1,035$800
20 years$2,257$1,825$1,464$1,167$924$703
21 years$2,127$1,700$1,347$1,059$827$619
22 years$2,009$1,587$1,241$963$742$545
23 years$1,901$1,484$1,146$877$666$481
24 years$1,802$1,390$1,060$800$598$425
25 years$1,712$1,305$982$730$538$376
26 years$1,628$1,226$911$668$485$332
27 years$1,551$1,154$846$611$437$294
28 years$1,480$1,088$786$560$395$261
29 years$1,413$1,026$732$514$356$231
30 years$1,352$969$681$471$322$205
31 years$1,294$916$635$433$291$182
32 years$1,240$867$593$398$263$161
33 years$1,189$821$553$366$238$143
34 years$1,142$778$517$337$216$127
35 years$1,097$738$483$310$195$113
36 years$1,055$700$452$285$177$101
37 years$1,015$665$423$263$160$89
38 years$977$632$396$242$145$80
39 years$942$601$371$223$132$71
40 years$908$572$348$206$120$63
41 years$876$544$326$190$109$56
42 years$845$518$306$176$98$50
43 years$816$494$287$162$89$44
44 years$789$471$270$150$81$39
45 years$763$449$253$138$74$35
46 years$738$428$238$128$67$31
47 years$714$409$223$118$61$28
48 years$691$390$210$109$55$25
49 years$669$373$197$101$50$22
50 years$648$356$186$93$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $664,000, adding $2,307 every year, while hoping to spend $50,209 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: 51/39/10 Blend
58$664,000$664,000$664,000$664,000
59$734,108$698,916$688,624$769,509
60$755,565$679,741$658,271$774,742
61$777,527$657,943$625,218$774,878
62$799,995$633,342$589,322$773,859
63$822,963$605,744$550,433$771,592
64$846,427$574,948$508,395$767,973
65$870,380$540,737$463,043$762,894
66$894,811$502,885$414,207$756,238
67$919,706$461,152$361,708$747,881
68$945,051$415,282$305,359$737,692
69$970,823$365,009$244,966$725,528
70$997,000$310,047$180,326$711,240
71$1,023,552$250,098$111,225$694,666
72$1,050,446$184,844$37,442$675,635
73$1,077,641$113,951$0$653,965
74$1,105,092$37,065$0$633,867
75$1,132,745$0$0$615,275
76$1,160,538$0$0$613,815
77$1,188,403$0$0$628,265
78$1,216,259$0$0$642,672
79$1,244,016$0$0$656,983
80$1,271,570$0$0$671,141
81$1,298,805$0$0$685,077
82$1,325,591$0$0$698,718
83$1,351,780$0$0$711,978
84$1,377,206$0$0$724,764
85$1,401,683$0$0$736,969
86$1,425,002$0$0$748,475
87$1,446,931$0$0$759,148
88$1,467,210$0$0$768,842
89$1,485,546$0$0$777,391
90$1,501,616$0$0$784,611
91$1,515,058$0$0$790,297
92$1,525,471$0$0$794,222
93$1,532,405$0$0$796,131
94$1,535,364$0$0$795,742
95$1,533,794$0$0$792,744
96$1,527,081$0$0$786,790
97$1,514,545$0$0$777,493
98$1,495,428$0$0$764,427
99$1,468,892$0$0$747,118
100$1,434,010$0$0$725,043