Can I retire at age 59 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$55,163$54,671$54,192$53,724$53,267$51,916
2 years$27,308$26,800$26,307$25,829$25,365$24,013
3 years$18,025$17,514$17,022$16,549$16,093$14,782
4 years$13,384$12,875$12,388$11,923$11,478$10,217
5 years$10,600$10,094$9,613$9,158$8,725$7,519
6 years$8,745$8,242$7,769$7,323$6,904$5,754
7 years$7,420$6,922$6,456$6,021$5,615$4,521
8 years$6,427$5,933$5,475$5,051$4,658$3,619
9 years$5,655$5,166$4,716$4,302$3,923$2,938
10 years$5,038$4,554$4,111$3,709$3,342$2,411
11 years$4,533$4,054$3,620$3,228$2,874$1,995
12 years$4,113$3,639$3,212$2,831$2,491$1,662
13 years$3,758$3,288$2,870$2,499$2,172$1,392
14 years$3,453$2,989$2,579$2,219$1,904$1,171
15 years$3,190$2,730$2,328$1,979$1,677$989
16 years$2,959$2,505$2,111$1,772$1,482$837
17 years$2,756$2,307$1,921$1,592$1,314$710
18 years$2,576$2,132$1,753$1,435$1,168$604
19 years$2,415$1,976$1,605$1,296$1,041$515
20 years$2,270$1,836$1,473$1,174$930$439
21 years$2,139$1,710$1,355$1,065$832$375
22 years$2,021$1,596$1,249$969$746$321
23 years$1,912$1,493$1,153$882$670$275
24 years$1,813$1,399$1,066$805$602$235
25 years$1,722$1,313$988$735$542$202
26 years$1,638$1,234$916$672$488$173
27 years$1,561$1,161$851$615$440$149
28 years$1,489$1,094$791$564$397$128
29 years$1,422$1,032$736$517$358$110
30 years$1,360$975$685$474$324$94
31 years$1,302$922$639$436$293$81
32 years$1,247$872$596$400$265$69
33 years$1,196$826$557$368$240$60
34 years$1,148$783$520$339$217$51
35 years$1,103$742$486$312$197$44
36 years$1,061$705$455$287$178$38
37 years$1,021$669$426$265$161$33
38 years$983$636$399$244$146$28
39 years$947$605$374$225$133$24
40 years$913$575$350$207$120$21
41 years$881$548$328$191$109$18
42 years$850$522$308$177$99$15
43 years$821$497$289$163$90$13
44 years$794$474$271$151$82$11
45 years$767$452$255$139$74$10
46 years$742$431$239$128$67$8
47 years$718$411$225$119$61$7
48 years$695$393$211$110$55$6
49 years$673$375$199$101$50$5
50 years$652$358$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $668,000, adding $5,515 every year, while hoping to spend $36,896 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: 50/31/19 Blend
58$668,000$668,000$668,000$668,000
59$741,825$706,421$696,067$774,737
60$778,234$701,778$680,128$793,420
61$817,120$695,672$662,419$809,472
62$858,697$687,990$642,840$826,132
63$903,199$678,617$621,291$843,468
64$950,883$667,427$597,662$861,562
65$1,002,031$654,289$571,841$880,503
66$1,056,953$639,063$543,712$900,395
67$1,115,986$621,602$513,151$921,351
68$1,179,505$601,748$480,029$943,501
69$1,247,917$579,337$444,213$966,990
70$1,321,673$554,193$405,563$991,982
71$1,401,266$526,131$363,932$1,018,660
72$1,487,238$494,954$319,166$1,047,228
73$1,580,185$460,455$271,107$1,077,916
74$1,680,762$422,415$219,587$1,110,981
75$1,789,689$380,603$164,432$1,146,711
76$1,907,757$334,772$105,460$1,185,426
77$2,035,837$284,665$42,482$1,227,484
78$2,174,886$230,007$0$1,273,286
79$2,325,957$170,510$0$1,328,289
80$2,490,208$105,869$0$1,397,494
81$2,668,914$35,760$0$1,472,878
82$2,863,475$0$0$1,555,101
83$3,075,435$0$0$1,658,593
84$3,306,492$0$0$1,784,772
85$3,558,513$0$0$1,922,467
86$3,833,555$0$0$2,072,810
87$4,133,882$0$0$2,237,046
88$4,461,985$0$0$2,416,549
89$4,820,608$0$0$2,612,827
90$5,212,771$0$0$2,827,543
91$5,641,798$0$0$3,062,530
92$6,111,353$0$0$3,319,802
93$6,625,465$0$0$3,601,580
94$7,188,576$0$0$3,910,309
95$7,805,575$0$0$4,248,682
96$8,481,846$0$0$4,619,663
97$9,223,320$0$0$5,026,520
98$10,036,529$0$0$5,472,849
99$10,928,667$0$0$5,962,612
100$11,907,657$0$0$6,500,175