Can I retire at age 59 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$55,245$54,753$54,273$53,805$53,347$51,660
2 years$27,349$26,840$26,346$25,868$25,403$23,719
3 years$18,052$17,540$17,048$16,574$16,117$14,488
4 years$13,404$12,894$12,406$11,940$11,495$9,934
5 years$10,616$10,109$9,628$9,171$8,738$7,249
6 years$8,758$8,255$7,781$7,334$6,914$5,499
7 years$7,431$6,932$6,466$6,030$5,623$4,281
8 years$6,437$5,942$5,484$5,058$4,665$3,395
9 years$5,664$5,174$4,723$4,309$3,929$2,730
10 years$5,045$4,560$4,118$3,714$3,347$2,218
11 years$4,540$4,060$3,625$3,232$2,879$1,817
12 years$4,119$3,644$3,217$2,835$2,495$1,497
13 years$3,763$3,293$2,874$2,503$2,175$1,241
14 years$3,458$2,993$2,583$2,222$1,907$1,032
15 years$3,195$2,734$2,332$1,982$1,679$862
16 years$2,964$2,509$2,114$1,774$1,484$721
17 years$2,761$2,311$1,924$1,594$1,316$605
18 years$2,580$2,135$1,756$1,437$1,170$509
19 years$2,419$1,979$1,608$1,298$1,043$428
20 years$2,274$1,839$1,475$1,176$931$361
21 years$2,143$1,713$1,357$1,067$834$305
22 years$2,024$1,599$1,251$970$747$257
23 years$1,915$1,495$1,155$884$671$217
24 years$1,816$1,401$1,068$806$603$184
25 years$1,725$1,315$989$736$542$156
26 years$1,641$1,236$917$673$489$132
27 years$1,563$1,163$852$616$441$112
28 years$1,491$1,096$792$564$397$95
29 years$1,424$1,034$737$518$359$80
30 years$1,362$976$686$475$324$68
31 years$1,304$923$640$436$293$58
32 years$1,249$873$597$401$265$49
33 years$1,198$827$558$369$240$41
34 years$1,150$784$521$339$217$35
35 years$1,105$743$487$312$197$30
36 years$1,063$706$456$288$178$25
37 years$1,022$670$426$265$162$21
38 years$985$637$399$244$147$18
39 years$949$606$374$225$133$15
40 years$915$576$351$208$121$13
41 years$882$548$329$192$109$11
42 years$852$522$308$177$99$9
43 years$823$498$289$163$90$8
44 years$795$474$272$151$82$7
45 years$768$452$255$139$74$6
46 years$743$432$240$129$67$5
47 years$719$412$225$119$61$4
48 years$696$393$212$110$56$4
49 years$674$375$199$101$50$3
50 years$653$359$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $669,000, adding $4,689 every year, while hoping to spend $24,231 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: 65/19/16 Blend
58$669,000$669,000$669,000$669,000
59$742,075$706,618$696,248$787,124
60$791,985$715,460$693,791$826,710
61$846,173$723,924$690,439$866,724
62$905,052$731,965$686,137$909,857
63$969,071$739,536$680,828$956,416
64$1,038,730$746,586$674,449$1,006,734
65$1,114,574$753,063$666,936$1,061,185
66$1,197,206$758,908$658,224$1,120,175
67$1,287,289$764,062$648,242$1,184,157
68$1,385,550$768,459$636,916$1,253,627
69$1,492,794$772,031$624,170$1,329,134
70$1,609,902$774,705$609,924$1,411,283
71$1,737,849$776,401$594,093$1,500,741
72$1,877,703$777,039$576,589$1,598,244
73$2,030,645$776,530$557,320$1,704,604
74$2,197,971$774,780$536,191$1,820,715
75$2,381,111$771,691$513,100$1,947,566
76$2,581,638$767,157$487,942$2,086,244
77$2,801,284$761,068$460,608$2,237,951
78$3,041,959$753,304$430,982$2,404,012
79$3,305,763$743,740$398,944$2,585,885
80$3,595,011$732,244$364,369$2,785,184
81$3,912,253$718,674$327,126$3,003,683
82$4,260,295$702,882$287,077$3,243,342
83$4,642,231$684,709$244,080$3,506,321
84$5,061,467$663,988$197,985$3,795,002
85$5,521,756$640,542$148,637$4,112,012
86$6,027,231$614,185$95,872$4,460,247
87$6,582,445$584,716$39,520$4,842,903
88$7,192,415$551,928$0$5,263,501
89$7,862,666$515,597$0$5,729,443
90$8,599,287$475,490$0$6,248,922
91$9,408,984$431,359$0$6,819,939
92$10,299,145$382,941$0$7,447,732
93$11,277,913$329,960$0$8,138,079
94$12,354,255$272,122$0$8,897,344
95$13,538,052$209,120$0$9,732,544
96$14,840,192$140,625$0$10,651,412
97$16,272,670$66,294$0$11,662,472
98$17,848,702$0$0$12,775,118
99$19,582,851$0$0$14,002,679
100$21,491,160$0$0$15,368,829