Can I retire at age 59 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$54,915$54,426$53,949$53,483$53,028$51,208
2 years$27,186$26,679$26,189$25,713$25,251$23,436
3 years$17,944$17,435$16,946$16,475$16,021$14,267
4 years$13,324$12,817$12,332$11,869$11,426$9,748
5 years$10,552$10,049$9,570$9,117$8,686$7,087
6 years$8,705$8,205$7,734$7,291$6,873$5,355
7 years$7,387$6,891$6,427$5,994$5,589$4,153
8 years$6,398$5,907$5,451$5,028$4,637$3,280
9 years$5,630$5,143$4,695$4,283$3,905$2,626
10 years$5,015$4,533$4,093$3,692$3,327$2,124
11 years$4,513$4,036$3,603$3,213$2,862$1,732
12 years$4,094$3,622$3,198$2,818$2,480$1,421
13 years$3,741$3,273$2,857$2,488$2,162$1,172
14 years$3,438$2,975$2,567$2,209$1,896$970
15 years$3,175$2,718$2,318$1,970$1,669$806
16 years$2,946$2,494$2,101$1,764$1,475$671
17 years$2,744$2,297$1,912$1,585$1,308$560
18 years$2,565$2,122$1,746$1,428$1,163$468
19 years$2,404$1,967$1,598$1,290$1,037$392
20 years$2,260$1,828$1,467$1,169$926$329
21 years$2,130$1,702$1,349$1,061$829$276
22 years$2,012$1,589$1,243$964$743$232
23 years$1,904$1,486$1,148$878$667$195
24 years$1,805$1,393$1,062$801$599$164
25 years$1,714$1,307$983$732$539$138
26 years$1,631$1,228$912$669$486$116
27 years$1,554$1,156$847$612$438$98
28 years$1,482$1,089$787$561$395$82
29 years$1,416$1,028$733$514$357$69
30 years$1,354$970$682$472$322$59
31 years$1,296$917$636$434$291$49
32 years$1,242$868$594$398$264$42
33 years$1,191$822$554$366$239$35
34 years$1,143$779$518$337$216$30
35 years$1,098$739$484$310$196$25
36 years$1,056$701$453$286$177$21
37 years$1,016$666$424$263$161$18
38 years$979$633$397$243$146$15
39 years$943$602$372$224$132$13
40 years$909$573$349$206$120$11
41 years$877$545$327$190$109$9
42 years$847$519$307$176$99$8
43 years$818$495$288$162$90$6
44 years$790$472$270$150$81$5
45 years$764$450$254$138$74$5
46 years$739$429$238$128$67$4
47 years$715$409$224$118$61$3
48 years$692$391$210$109$55$3
49 years$670$373$198$101$50$2
50 years$649$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $665,000, adding $3,425 every year, while hoping to spend $20,031 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: 27/44/29 Blend
58$665,000$665,000$665,000$665,000
59$736,363$701,118$690,810$749,544
60$790,159$714,160$692,640$773,580
61$848,771$727,169$693,859$797,429
62$912,669$740,124$694,427$822,631
63$982,370$752,999$694,299$849,316
64$1,058,444$765,768$693,430$877,628
65$1,141,518$778,403$691,772$907,725
66$1,232,281$790,873$689,275$939,784
67$1,331,493$803,145$685,885$974,000
68$1,439,991$815,185$681,547$1,010,588
69$1,558,695$826,954$676,204$1,049,789
70$1,688,619$838,412$669,795$1,091,866
71$1,830,880$849,516$662,255$1,137,114
72$1,986,708$860,220$653,518$1,185,856
73$2,157,455$870,475$643,514$1,238,453
74$2,344,615$880,227$632,171$1,295,300
75$2,549,828$889,421$619,411$1,356,840
76$2,774,904$897,996$605,155$1,423,557
77$3,021,835$905,888$589,319$1,495,990
78$3,292,815$913,030$571,814$1,574,734
79$3,590,263$919,349$552,550$1,660,448
80$3,916,839$924,767$531,430$1,753,860
81$4,275,478$929,202$508,355$1,855,774
82$4,669,411$932,566$483,218$1,967,080
83$5,102,196$934,768$455,912$2,088,761
84$5,577,756$935,707$426,320$2,221,904
85$6,100,409$935,279$394,324$2,367,710
86$6,674,916$933,372$359,799$2,527,506
87$7,306,518$929,868$322,613$2,702,759
88$8,000,993$924,641$282,630$2,895,089
89$8,764,704$917,559$239,708$3,106,284
90$9,604,663$908,479$193,698$3,338,322
91$10,528,596$897,252$144,444$3,593,385
92$11,545,015$883,719$91,785$3,873,884
93$12,663,296$867,711$35,550$4,182,481
94$13,893,775$849,051$0$4,522,116
95$15,247,835$827,549$0$4,903,602
96$16,738,021$803,006$0$5,335,186
97$18,378,156$775,210$0$5,809,868
98$20,183,469$743,937$0$6,332,077
99$22,170,743$708,950$0$6,906,696
100$24,358,469$669,999$0$7,539,111