Can I retire at age 59 with 670,000?

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 $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%14.4%
1 years$55,328$54,835$54,354$53,885$53,427$52,455
2 years$27,390$26,880$26,386$25,906$25,441$24,466
3 years$18,079$17,566$17,073$16,598$16,141$15,192
4 years$13,424$12,913$12,425$11,958$11,512$10,597
5 years$10,632$10,124$9,642$9,185$8,751$7,873
6 years$8,771$8,267$7,792$7,345$6,924$6,084
7 years$7,442$6,943$6,476$6,039$5,631$4,828
8 years$6,446$5,951$5,492$5,066$4,672$3,906
9 years$5,672$5,182$4,730$4,315$3,934$3,206
10 years$5,053$4,567$4,124$3,720$3,352$2,660
11 years$4,547$4,066$3,630$3,237$2,883$2,227
12 years$4,125$3,649$3,222$2,839$2,498$1,877
13 years$3,769$3,298$2,879$2,507$2,179$1,591
14 years$3,464$2,998$2,586$2,225$1,910$1,355
15 years$3,199$2,739$2,335$1,985$1,682$1,158
16 years$2,968$2,513$2,117$1,777$1,486$993
17 years$2,765$2,314$1,927$1,597$1,318$854
18 years$2,584$2,138$1,759$1,439$1,172$736
19 years$2,422$1,982$1,610$1,300$1,044$636
20 years$2,277$1,841$1,478$1,178$933$550
21 years$2,146$1,715$1,359$1,069$835$476
22 years$2,027$1,601$1,253$972$748$413
23 years$1,918$1,497$1,157$885$672$359
24 years$1,819$1,403$1,070$807$604$312
25 years$1,727$1,317$991$737$543$271
26 years$1,643$1,237$919$674$489$236
27 years$1,565$1,165$853$617$441$205
28 years$1,493$1,097$793$565$398$179
29 years$1,426$1,035$738$518$359$156
30 years$1,364$978$688$476$325$136
31 years$1,306$924$641$437$294$118
32 years$1,251$875$598$401$266$103
33 years$1,200$828$558$369$240$90
34 years$1,152$785$522$340$218$79
35 years$1,107$745$488$313$197$69
36 years$1,064$707$456$288$179$60
37 years$1,024$671$427$265$162$52
38 years$986$638$400$245$147$46
39 years$950$607$375$226$133$40
40 years$916$577$351$208$121$35
41 years$884$549$329$192$110$31
42 years$853$523$309$177$99$27
43 years$824$498$290$163$90$23
44 years$796$475$272$151$82$20
45 years$770$453$255$139$74$18
46 years$744$432$240$129$67$16
47 years$720$412$225$119$61$14
48 years$697$394$212$110$56$12
49 years$675$376$199$102$51$10
50 years$654$359$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $670,000, adding $5,654 every year, while hoping to spend $39,034 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: 37/40/23 Blend
58$670,000$670,000$670,000$670,000
59$744,172$708,662$698,277$766,388
60$778,546$701,855$680,138$776,316
61$815,117$693,405$660,082$783,000
62$854,070$683,193$638,005$789,437
63$895,603$671,088$613,797$795,629
64$939,937$656,953$587,342$801,580
65$987,313$640,646$558,519$807,299
66$1,037,992$622,011$527,203$812,800
67$1,092,266$600,888$493,263$818,100
68$1,150,449$577,104$456,560$823,226
69$1,212,891$550,478$416,950$828,207
70$1,279,972$520,818$374,285$833,084
71$1,352,112$487,920$328,406$837,905
72$1,429,770$451,571$279,149$842,728
73$1,513,450$411,542$226,345$847,624
74$1,603,709$367,594$169,814$852,675
75$1,701,154$319,473$109,370$857,979
76$1,806,455$266,910$44,817$863,650
77$1,920,348$209,624$0$869,822
78$2,043,642$147,314$0$882,555
79$2,177,225$79,664$0$908,242
80$2,322,076$6,341$0$936,130
81$2,479,268$0$0$966,509
82$2,649,985$0$0$1,031,840
83$2,835,527$0$0$1,105,960
84$3,037,324$0$0$1,186,659
85$3,256,951$0$0$1,274,579
86$3,496,139$0$0$1,370,423
87$3,756,794$0$0$1,474,967
88$4,041,013$0$0$1,589,064
89$4,351,105$0$0$1,713,655
90$4,689,610$0$0$1,849,772
91$5,059,326$0$0$1,998,556
92$5,463,331$0$0$2,161,258
93$5,905,015$0$0$2,339,260
94$6,388,111$0$0$2,534,081
95$6,916,726$0$0$2,747,395
96$7,495,387$0$0$2,981,044
97$8,129,076$0$0$3,237,058
98$8,823,280$0$0$3,517,671
99$9,584,041$0$0$3,825,346
100$10,418,014$0$0$4,162,793