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%19.9%
1 years$55,245$54,753$54,273$53,805$53,347$51,230
2 years$27,349$26,840$26,346$25,868$25,403$23,297
3 years$18,052$17,540$17,048$16,574$16,117$14,087
4 years$13,404$12,894$12,406$11,940$11,495$9,557
5 years$10,616$10,109$9,628$9,171$8,738$6,898
6 years$8,758$8,255$7,781$7,334$6,914$5,172
7 years$7,431$6,932$6,466$6,030$5,623$3,979
8 years$6,437$5,942$5,484$5,058$4,665$3,117
9 years$5,664$5,174$4,723$4,309$3,929$2,474
10 years$5,045$4,560$4,118$3,714$3,347$1,983
11 years$4,540$4,060$3,625$3,232$2,879$1,602
12 years$4,119$3,644$3,217$2,835$2,495$1,302
13 years$3,763$3,293$2,874$2,503$2,175$1,064
14 years$3,458$2,993$2,583$2,222$1,907$872
15 years$3,195$2,734$2,332$1,982$1,679$717
16 years$2,964$2,509$2,114$1,774$1,484$591
17 years$2,761$2,311$1,924$1,594$1,316$488
18 years$2,580$2,135$1,756$1,437$1,170$404
19 years$2,419$1,979$1,608$1,298$1,043$335
20 years$2,274$1,839$1,475$1,176$931$278
21 years$2,143$1,713$1,357$1,067$834$231
22 years$2,024$1,599$1,251$970$747$192
23 years$1,915$1,495$1,155$884$671$159
24 years$1,816$1,401$1,068$806$603$133
25 years$1,725$1,315$989$736$542$110
26 years$1,641$1,236$917$673$489$92
27 years$1,563$1,163$852$616$441$76
28 years$1,491$1,096$792$564$397$64
29 years$1,424$1,034$737$518$359$53
30 years$1,362$976$686$475$324$44
31 years$1,304$923$640$436$293$37
32 years$1,249$873$597$401$265$31
33 years$1,198$827$558$369$240$26
34 years$1,150$784$521$339$217$21
35 years$1,105$743$487$312$197$18
36 years$1,063$706$456$288$178$15
37 years$1,022$670$426$265$162$12
38 years$985$637$399$244$147$10
39 years$949$606$374$225$133$9
40 years$915$576$351$208$121$7
41 years$882$548$329$192$109$6
42 years$852$522$308$177$99$5
43 years$823$498$289$163$90$4
44 years$795$474$272$151$82$3
45 years$768$452$255$139$74$3
46 years$743$432$240$129$67$2
47 years$719$412$225$119$61$2
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$1
50 years$653$359$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $669,000, adding $5,636 every year, while hoping to spend $46,468 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: 57/20/23 Blend
58$669,000$669,000$669,000$669,000
59$743,052$707,595$697,225$780,488
60$769,401$692,825$671,140$791,920
61$796,881$675,775$642,625$798,943
62$825,558$656,282$611,547$805,601
63$855,502$634,177$577,771$811,869
64$886,791$609,280$541,155$817,725
65$919,509$581,400$501,549$823,146
66$953,745$550,335$458,797$828,109
67$989,598$515,872$412,737$832,592
68$1,027,172$477,785$363,199$836,575
69$1,066,583$435,836$310,006$840,036
70$1,107,955$389,773$252,972$842,958
71$1,151,424$339,328$191,903$845,323
72$1,197,135$284,222$126,598$847,118
73$1,245,250$224,155$56,846$848,329
74$1,295,941$158,815$0$848,948
75$1,349,399$87,868$0$853,288
76$1,405,829$10,966$0$872,198
77$1,465,458$0$0$891,777
78$1,528,529$0$0$928,000
79$1,595,313$0$0$968,937
80$1,666,100$0$0$1,012,358
81$1,741,212$0$0$1,058,462
82$1,820,999$0$0$1,107,468
83$1,905,842$0$0$1,159,616
84$1,996,161$0$0$1,215,167
85$2,092,415$0$0$1,274,408
86$2,195,104$0$0$1,337,654
87$2,304,779$0$0$1,405,248
88$2,422,044$0$0$1,477,569
89$2,547,557$0$0$1,555,029
90$2,682,045$0$0$1,638,082
91$2,826,302$0$0$1,727,227
92$2,981,199$0$0$1,823,010
93$3,147,695$0$0$1,926,030
94$3,326,839$0$0$2,036,946
95$3,519,785$0$0$2,156,481
96$3,727,800$0$0$2,285,429
97$3,952,277$0$0$2,424,662
98$4,194,743$0$0$2,575,141
99$4,456,880$0$0$2,737,918
100$4,740,535$0$0$2,914,151