Can I retire at age 59 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$55,328$54,835$54,354$53,885$53,427$52,585
2 years$27,390$26,880$26,386$25,906$25,441$24,595
3 years$18,079$17,566$17,073$16,598$16,141$15,317
4 years$13,424$12,913$12,425$11,958$11,512$10,717
5 years$10,632$10,124$9,642$9,185$8,751$7,987
6 years$8,771$8,267$7,792$7,345$6,924$6,192
7 years$7,442$6,943$6,476$6,039$5,631$4,931
8 years$6,446$5,951$5,492$5,066$4,672$4,003
9 years$5,672$5,182$4,730$4,315$3,934$3,297
10 years$5,053$4,567$4,124$3,720$3,352$2,746
11 years$4,547$4,066$3,630$3,237$2,883$2,307
12 years$4,125$3,649$3,222$2,839$2,498$1,952
13 years$3,769$3,298$2,879$2,507$2,179$1,661
14 years$3,464$2,998$2,586$2,225$1,910$1,420
15 years$3,199$2,739$2,335$1,985$1,682$1,219
16 years$2,968$2,513$2,117$1,777$1,486$1,050
17 years$2,765$2,314$1,927$1,597$1,318$907
18 years$2,584$2,138$1,759$1,439$1,172$785
19 years$2,422$1,982$1,610$1,300$1,044$681
20 years$2,277$1,841$1,478$1,178$933$591
21 years$2,146$1,715$1,359$1,069$835$515
22 years$2,027$1,601$1,253$972$748$448
23 years$1,918$1,497$1,157$885$672$391
24 years$1,819$1,403$1,070$807$604$341
25 years$1,727$1,317$991$737$543$298
26 years$1,643$1,237$919$674$489$261
27 years$1,565$1,165$853$617$441$228
28 years$1,493$1,097$793$565$398$200
29 years$1,426$1,035$738$518$359$175
30 years$1,364$978$688$476$325$153
31 years$1,306$924$641$437$294$134
32 years$1,251$875$598$401$266$118
33 years$1,200$828$558$369$240$103
34 years$1,152$785$522$340$218$91
35 years$1,107$745$488$313$197$80
36 years$1,064$707$456$288$179$70
37 years$1,024$671$427$265$162$61
38 years$986$638$400$245$147$54
39 years$950$607$375$226$133$47
40 years$916$577$351$208$121$41
41 years$884$549$329$192$110$36
42 years$853$523$309$177$99$32
43 years$824$498$290$163$90$28
44 years$796$475$272$151$82$25
45 years$770$453$255$139$74$22
46 years$744$432$240$129$67$19
47 years$720$412$225$119$61$17
48 years$697$394$212$110$56$15
49 years$675$376$199$102$51$13
50 years$654$359$187$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $670,000, adding $5,174 every year, while hoping to spend $47,490 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: 45/30/25 Blend
58$670,000$670,000$670,000$670,000
59$743,677$708,167$697,782$771,571
60$769,003$692,338$670,629$775,986
61$795,321$674,142$640,974$775,759
62$822,681$653,413$608,684$774,573
63$851,138$629,974$573,619$772,366
64$880,752$603,640$535,633$769,070
65$911,584$574,213$494,572$764,614
66$943,702$541,486$450,276$758,926
67$977,179$505,239$402,580$751,929
68$1,012,093$465,237$351,308$743,543
69$1,048,528$421,236$296,279$733,687
70$1,086,576$372,974$237,302$722,274
71$1,126,334$320,177$174,179$709,215
72$1,167,909$262,555$106,703$694,418
73$1,211,415$199,799$34,657$677,788
74$1,256,977$131,587$0$659,226
75$1,304,728$57,574$0$649,894
76$1,354,816$0$0$649,022
77$1,407,399$0$0$654,774
78$1,462,648$0$0$680,813
79$1,520,752$0$0$708,224
80$1,581,912$0$0$737,107
81$1,646,351$0$0$767,570
82$1,714,310$0$0$799,732
83$1,786,052$0$0$833,722
84$1,861,864$0$0$869,679
85$1,942,058$0$0$907,758
86$2,026,975$0$0$948,127
87$2,116,989$0$0$990,968
88$2,212,508$0$0$1,036,481
89$2,313,976$0$0$1,084,887
90$2,421,881$0$0$1,136,425
91$2,536,757$0$0$1,191,358
92$2,659,187$0$0$1,249,973
93$2,789,811$0$0$1,312,584
94$2,929,330$0$0$1,379,539
95$3,078,510$0$0$1,451,214
96$3,238,195$0$0$1,528,026
97$3,409,305$0$0$1,610,429
98$3,592,855$0$0$1,698,924
99$3,789,955$0$0$1,794,058
100$4,001,823$0$0$1,896,434