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%12.3%
1 years$55,245$54,753$54,273$53,805$53,347$52,834
2 years$27,349$26,840$26,346$25,868$25,403$24,886
3 years$18,052$17,540$17,048$16,574$16,117$15,612
4 years$13,404$12,894$12,406$11,940$11,495$11,006
5 years$10,616$10,109$9,628$9,171$8,738$8,267
6 years$8,758$8,255$7,781$7,334$6,914$6,461
7 years$7,431$6,932$6,466$6,030$5,623$5,189
8 years$6,437$5,942$5,484$5,058$4,665$4,249
9 years$5,664$5,174$4,723$4,309$3,929$3,531
10 years$5,045$4,560$4,118$3,714$3,347$2,967
11 years$4,540$4,060$3,625$3,232$2,879$2,516
12 years$4,119$3,644$3,217$2,835$2,495$2,150
13 years$3,763$3,293$2,874$2,503$2,175$1,847
14 years$3,458$2,993$2,583$2,222$1,907$1,595
15 years$3,195$2,734$2,332$1,982$1,679$1,383
16 years$2,964$2,509$2,114$1,774$1,484$1,204
17 years$2,761$2,311$1,924$1,594$1,316$1,051
18 years$2,580$2,135$1,756$1,437$1,170$919
19 years$2,419$1,979$1,608$1,298$1,043$806
20 years$2,274$1,839$1,475$1,176$931$708
21 years$2,143$1,713$1,357$1,067$834$623
22 years$2,024$1,599$1,251$970$747$549
23 years$1,915$1,495$1,155$884$671$485
24 years$1,816$1,401$1,068$806$603$428
25 years$1,725$1,315$989$736$542$378
26 years$1,641$1,236$917$673$489$335
27 years$1,563$1,163$852$616$441$296
28 years$1,491$1,096$792$564$397$263
29 years$1,424$1,034$737$518$359$233
30 years$1,362$976$686$475$324$207
31 years$1,304$923$640$436$293$183
32 years$1,249$873$597$401$265$163
33 years$1,198$827$558$369$240$144
34 years$1,150$784$521$339$217$128
35 years$1,105$743$487$312$197$114
36 years$1,063$706$456$288$178$101
37 years$1,022$670$426$265$162$90
38 years$985$637$399$244$147$80
39 years$949$606$374$225$133$71
40 years$915$576$351$208$121$63
41 years$882$548$329$192$109$56
42 years$852$522$308$177$99$50
43 years$823$498$289$163$90$45
44 years$795$474$272$151$82$40
45 years$768$452$255$139$74$35
46 years$743$432$240$129$67$31
47 years$719$412$225$119$61$28
48 years$696$393$212$110$56$25
49 years$674$375$199$101$50$22
50 years$653$359$187$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $669,000, adding $3,431 every year, while hoping to spend $47,614 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: 61/11/28 Blend
58$669,000$669,000$669,000$669,000
59$740,777$705,320$694,951$780,184
60$765,675$689,220$667,570$791,313
61$791,518$670,735$637,677$798,024
62$818,350$649,698$605,137$804,344
63$846,220$625,932$569,808$810,244
64$875,183$599,251$531,544$815,697
65$905,293$569,455$490,192$820,672
66$936,610$536,336$445,591$825,139
67$969,200$499,672$397,574$829,069
68$1,003,131$459,229$345,966$832,429
69$1,038,478$414,759$290,583$835,190
70$1,075,320$366,000$231,236$837,318
71$1,113,745$312,676$167,724$838,783
72$1,153,844$254,494$99,840$839,554
73$1,195,718$191,146$27,366$839,599
74$1,239,475$122,306$0$838,887
75$1,285,231$47,629$0$852,321
76$1,333,114$0$0$874,636
77$1,383,260$0$0$901,721
78$1,435,816$0$0$936,164
79$1,490,945$0$0$972,308
80$1,548,819$0$0$1,010,270
81$1,609,630$0$0$1,050,176
82$1,673,583$0$0$1,092,163
83$1,740,901$0$0$1,136,381
84$1,811,830$0$0$1,182,993
85$1,886,634$0$0$1,232,176
86$1,965,602$0$0$1,284,125
87$2,049,051$0$0$1,339,049
88$2,137,326$0$0$1,397,181
89$2,230,801$0$0$1,458,770
90$2,329,888$0$0$1,524,092
91$2,435,035$0$0$1,593,448
92$2,546,734$0$0$1,667,166
93$2,665,521$0$0$1,745,606
94$2,791,983$0$0$1,829,161
95$2,926,764$0$0$1,918,262
96$3,070,567$0$0$2,013,380
97$3,224,164$0$0$2,115,034
98$3,388,401$0$0$2,223,789
99$3,564,204$0$0$2,340,267
100$3,752,589$0$0$2,465,151