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%13.7%
1 years$54,832$54,344$53,868$53,402$52,948$52,136
2 years$27,145$26,639$26,149$25,674$25,213$24,397
3 years$17,917$17,409$16,920$16,450$15,996$15,201
4 years$13,304$12,797$12,314$11,851$11,409$10,641
5 years$10,537$10,033$9,556$9,103$8,673$7,934
6 years$8,692$8,193$7,723$7,280$6,862$6,155
7 years$7,376$6,880$6,418$5,985$5,581$4,904
8 years$6,389$5,898$5,443$5,021$4,630$3,983
9 years$5,621$5,135$4,688$4,276$3,899$3,283
10 years$5,008$4,526$4,087$3,686$3,322$2,736
11 years$4,506$4,030$3,598$3,208$2,857$2,300
12 years$4,088$3,617$3,193$2,814$2,476$1,947
13 years$3,735$3,268$2,853$2,484$2,159$1,658
14 years$3,433$2,971$2,563$2,205$1,893$1,419
15 years$3,171$2,714$2,314$1,967$1,666$1,219
16 years$2,942$2,490$2,098$1,761$1,473$1,050
17 years$2,740$2,293$1,909$1,582$1,306$908
18 years$2,561$2,119$1,743$1,426$1,161$786
19 years$2,401$1,964$1,596$1,288$1,035$682
20 years$2,257$1,825$1,464$1,167$924$593
21 years$2,127$1,700$1,347$1,059$827$517
22 years$2,009$1,587$1,241$963$742$450
23 years$1,901$1,484$1,146$877$666$393
24 years$1,802$1,390$1,060$800$598$344
25 years$1,712$1,305$982$730$538$300
26 years$1,628$1,226$911$668$485$263
27 years$1,551$1,154$846$611$437$230
28 years$1,480$1,088$786$560$395$202
29 years$1,413$1,026$732$514$356$177
30 years$1,352$969$681$471$322$155
31 years$1,294$916$635$433$291$136
32 years$1,240$867$593$398$263$119
33 years$1,189$821$553$366$238$105
34 years$1,142$778$517$337$216$92
35 years$1,097$738$483$310$195$81
36 years$1,055$700$452$285$177$71
37 years$1,015$665$423$263$160$62
38 years$977$632$396$242$145$55
39 years$942$601$371$223$132$48
40 years$908$572$348$206$120$42
41 years$876$544$326$190$109$37
42 years$845$518$306$176$98$33
43 years$816$494$287$162$89$29
44 years$789$471$270$150$81$25
45 years$763$449$253$138$74$22
46 years$738$428$238$128$67$20
47 years$714$409$223$118$61$17
48 years$691$390$210$109$55$15
49 years$669$373$197$101$50$13
50 years$648$356$186$93$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $664,000, adding $3,145 every year, while hoping to spend $35,382 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: 76/13/11 Blend
58$664,000$664,000$664,000$664,000
59$734,972$699,780$689,488$789,083
60$772,293$696,423$674,940$821,809
61$812,235$691,716$658,718$852,879
62$855,028$685,555$640,730$885,941
63$900,923$677,830$620,877$921,180
64$950,199$668,425$599,058$958,800
65$1,003,159$657,217$575,166$999,028
66$1,060,135$644,075$549,088$1,042,111
67$1,121,495$628,860$520,709$1,088,325
68$1,187,640$611,427$489,905$1,137,972
69$1,259,012$591,620$456,549$1,191,388
70$1,336,096$569,274$420,509$1,248,940
71$1,419,426$544,217$381,644$1,311,037
72$1,509,587$516,263$339,809$1,378,127
73$1,607,224$485,220$294,852$1,450,706
74$1,713,046$450,880$246,614$1,529,323
75$1,827,831$413,027$194,930$1,614,580
76$1,952,435$371,432$139,626$1,707,144
77$2,087,802$325,850$80,522$1,807,752
78$2,234,967$276,025$17,428$1,917,214
79$2,395,070$221,687$0$2,036,426
80$2,569,366$162,548$0$2,172,234
81$2,759,235$98,307$0$2,322,435
82$2,966,196$28,643$0$2,486,210
83$3,191,921$0$0$2,664,912
84$3,438,250$0$0$2,866,727
85$3,707,208$0$0$3,091,580
86$4,001,026$0$0$3,337,239
87$4,322,156$0$0$3,605,761
88$4,673,302$0$0$3,899,407
89$5,057,439$0$0$4,220,671
90$5,477,843$0$0$4,572,294
91$5,938,122$0$0$4,957,297
92$6,442,247$0$0$5,379,009
93$6,994,593$0$0$5,841,090
94$7,599,980$0$0$6,347,577
95$8,263,711$0$0$6,902,912
96$8,991,632$0$0$7,511,990
97$9,790,179$0$0$8,180,201
98$10,666,442$0$0$8,913,482
99$11,628,230$0$0$9,718,372
100$12,684,146$0$0$10,602,077