Can I retire at age 59 with 665,000?

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 $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%11.1%
1 years$54,915$54,426$53,949$53,483$53,028$52,782
2 years$27,186$26,679$26,189$25,713$25,251$25,003
3 years$17,944$17,435$16,946$16,475$16,021$15,778
4 years$13,324$12,817$12,332$11,869$11,426$11,191
5 years$10,552$10,049$9,570$9,117$8,686$8,458
6 years$8,705$8,205$7,734$7,291$6,873$6,654
7 years$7,387$6,891$6,427$5,994$5,589$5,379
8 years$6,398$5,907$5,451$5,028$4,637$4,434
9 years$5,630$5,143$4,695$4,283$3,905$3,711
10 years$5,015$4,533$4,093$3,692$3,327$3,141
11 years$4,513$4,036$3,603$3,213$2,862$2,684
12 years$4,094$3,622$3,198$2,818$2,480$2,310
13 years$3,741$3,273$2,857$2,488$2,162$2,000
14 years$3,438$2,975$2,567$2,209$1,896$1,741
15 years$3,175$2,718$2,318$1,970$1,669$1,522
16 years$2,946$2,494$2,101$1,764$1,475$1,335
17 years$2,744$2,297$1,912$1,585$1,308$1,175
18 years$2,565$2,122$1,746$1,428$1,163$1,037
19 years$2,404$1,967$1,598$1,290$1,037$917
20 years$2,260$1,828$1,467$1,169$926$813
21 years$2,130$1,702$1,349$1,061$829$722
22 years$2,012$1,589$1,243$964$743$642
23 years$1,904$1,486$1,148$878$667$571
24 years$1,805$1,393$1,062$801$599$509
25 years$1,714$1,307$983$732$539$454
26 years$1,631$1,228$912$669$486$406
27 years$1,554$1,156$847$612$438$363
28 years$1,482$1,089$787$561$395$325
29 years$1,416$1,028$733$514$357$290
30 years$1,354$970$682$472$322$260
31 years$1,296$917$636$434$291$233
32 years$1,242$868$594$398$264$209
33 years$1,191$822$554$366$239$187
34 years$1,143$779$518$337$216$168
35 years$1,098$739$484$310$196$151
36 years$1,056$701$453$286$177$136
37 years$1,016$666$424$263$161$122
38 years$979$633$397$243$146$109
39 years$943$602$372$224$132$98
40 years$909$573$349$206$120$88
41 years$877$545$327$190$109$79
42 years$847$519$307$176$99$71
43 years$818$495$288$162$90$64
44 years$790$472$270$150$81$58
45 years$764$450$254$138$74$52
46 years$739$429$238$128$67$47
47 years$715$409$224$118$61$42
48 years$692$391$210$109$55$38
49 years$670$373$198$101$50$34
50 years$649$357$186$93$46$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $665,000, adding $2,722 every year, while hoping to spend $41,907 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: 89/6/5 Blend
58$665,000$665,000$665,000$665,000
59$735,638$700,393$690,085$800,974
60$766,084$690,123$668,614$833,600
61$798,231$677,946$645,020$863,278
62$832,209$663,723$619,186$894,511
63$868,158$647,309$590,992$927,421
64$906,232$628,549$560,312$962,144
65$946,599$607,280$527,015$998,829
66$989,444$583,329$490,962$1,037,636
67$1,034,968$556,512$452,009$1,078,745
68$1,083,389$526,636$410,006$1,122,352
69$1,134,950$493,496$364,796$1,168,671
70$1,189,913$456,875$316,215$1,217,939
71$1,248,567$416,545$264,091$1,270,417
72$1,311,228$372,263$208,245$1,326,389
73$1,378,243$323,773$148,491$1,386,170
74$1,449,991$270,806$84,632$1,450,106
75$1,526,889$213,074$16,467$1,518,577
76$1,609,394$150,278$0$1,592,001
77$1,698,008$82,097$0$1,673,842
78$1,793,281$8,196$0$1,762,737
79$1,895,817$0$0$1,858,376
80$2,006,280$0$0$1,966,125
81$2,125,398$0$0$2,082,904
82$2,253,972$0$0$2,208,956
83$2,392,883$0$0$2,345,143
84$2,543,095$0$0$2,492,413
85$2,705,673$0$0$2,651,809
86$2,881,784$0$0$2,824,477
87$3,072,713$0$0$3,011,675
88$3,279,871$0$0$3,214,789
89$3,504,812$0$0$3,435,343
90$3,749,245$0$0$3,675,011
91$4,015,048$0$0$3,935,637
92$4,304,290$0$0$4,219,250
93$4,619,245$0$0$4,528,079
94$4,962,417$0$0$4,864,580
95$5,336,562$0$0$5,231,455
96$5,744,710$0$0$5,631,679
97$6,190,199$0$0$6,068,523
98$6,676,703$0$0$6,545,592
99$7,208,267$0$0$7,066,852
100$7,789,342$0$0$7,636,668