Can I retire at age 59 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$55,080$54,590$54,111$53,644$53,188$51,464
2 years$27,267$26,760$26,267$25,790$25,327$23,608
3 years$17,998$17,488$16,997$16,524$16,069$14,406
4 years$13,364$12,855$12,369$11,905$11,460$9,868
5 years$10,584$10,079$9,599$9,144$8,712$7,194
6 years$8,732$8,230$7,757$7,312$6,893$5,451
7 years$7,409$6,912$6,447$6,012$5,606$4,239
8 years$6,417$5,924$5,467$5,043$4,651$3,358
9 years$5,647$5,158$4,709$4,296$3,917$2,696
10 years$5,030$4,547$4,105$3,703$3,337$2,188
11 years$4,526$4,048$3,614$3,223$2,870$1,790
12 years$4,107$3,633$3,208$2,827$2,487$1,473
13 years$3,752$3,283$2,866$2,496$2,169$1,219
14 years$3,448$2,984$2,575$2,215$1,901$1,013
15 years$3,185$2,726$2,325$1,976$1,674$844
16 years$2,955$2,501$2,108$1,769$1,479$706
17 years$2,752$2,304$1,918$1,589$1,312$591
18 years$2,572$2,129$1,751$1,432$1,166$496
19 years$2,412$1,973$1,603$1,294$1,040$417
20 years$2,267$1,833$1,471$1,172$929$351
21 years$2,136$1,708$1,353$1,064$831$296
22 years$2,018$1,594$1,247$967$745$249
23 years$1,910$1,491$1,151$881$669$210
24 years$1,811$1,397$1,065$803$601$178
25 years$1,720$1,311$986$734$541$150
26 years$1,636$1,232$915$671$487$127
27 years$1,558$1,159$849$614$439$107
28 years$1,487$1,093$790$563$396$91
29 years$1,420$1,031$735$516$358$77
30 years$1,358$973$684$474$323$65
31 years$1,300$920$638$435$292$55
32 years$1,245$871$595$400$264$47
33 years$1,194$824$556$368$239$39
34 years$1,147$781$519$338$217$33
35 years$1,102$741$486$311$196$28
36 years$1,059$703$454$287$178$24
37 years$1,019$668$425$264$161$20
38 years$982$635$398$243$146$17
39 years$946$604$373$225$132$15
40 years$912$574$350$207$120$12
41 years$880$547$328$191$109$10
42 years$849$521$308$176$99$9
43 years$820$496$289$163$90$8
44 years$792$473$271$150$81$6
45 years$766$451$254$139$74$5
46 years$741$430$239$128$67$5
47 years$717$411$224$118$61$4
48 years$694$392$211$109$55$3
49 years$672$374$198$101$50$3
50 years$651$358$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 $667,000, adding $5,793 every year, while hoping to spend $55,249 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: 70/8/22 Blend
58$667,000$667,000$667,000$667,000
59$741,009$705,658$695,320$788,434
60$757,808$681,451$659,829$796,647
61$774,468$654,206$621,297$798,604
62$790,918$623,716$579,564$799,403
63$807,075$589,762$534,463$798,926
64$822,848$552,111$485,819$797,041
65$838,133$510,520$433,449$793,608
66$852,815$464,728$377,162$788,472
67$866,765$414,462$316,759$781,465
68$879,836$359,432$252,032$772,403
69$891,868$299,332$182,763$761,088
70$902,679$233,840$108,726$747,300
71$912,068$162,614$29,684$730,802
72$919,809$85,293$0$711,334
73$925,654$1,496$0$701,447
74$929,324$0$0$696,267
75$930,509$0$0$696,397
76$928,867$0$0$694,456
77$924,016$0$0$690,019
78$915,533$0$0$682,758
79$902,949$0$0$672,310
80$885,743$0$0$658,274
81$863,338$0$0$640,204
82$835,097$0$0$617,607
83$800,312$0$0$589,936
84$758,199$0$0$556,587
85$707,894$0$0$516,890
86$648,436$0$0$470,106
87$578,767$0$0$415,414
88$497,713$0$0$351,911
89$403,978$0$0$278,596
90$296,131$0$0$194,362
91$172,589$0$0$97,988
92$31,602$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0