Can I retire at age 59 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$55,411$54,917$54,435$53,965$53,506$52,926
2 years$27,431$26,920$26,425$25,945$25,479$24,894
3 years$18,106$17,593$17,099$16,623$16,165$15,594
4 years$13,444$12,932$12,443$11,976$11,529$10,977
5 years$10,648$10,139$9,657$9,199$8,764$8,232
6 years$8,784$8,279$7,804$7,356$6,935$6,424
7 years$7,453$6,953$6,485$6,048$5,640$5,150
8 years$6,456$5,960$5,500$5,074$4,679$4,210
9 years$5,680$5,189$4,737$4,322$3,940$3,492
10 years$5,060$4,574$4,130$3,725$3,357$2,930
11 years$4,554$4,072$3,636$3,242$2,887$2,480
12 years$4,131$3,655$3,227$2,844$2,502$2,114
13 years$3,774$3,303$2,883$2,511$2,182$1,813
14 years$3,469$3,002$2,590$2,229$1,913$1,563
15 years$3,204$2,743$2,339$1,988$1,684$1,353
16 years$2,973$2,516$2,120$1,780$1,488$1,175
17 years$2,769$2,317$1,929$1,599$1,320$1,023
18 years$2,588$2,141$1,761$1,441$1,173$893
19 years$2,426$1,985$1,612$1,302$1,046$782
20 years$2,281$1,844$1,480$1,179$934$685
21 years$2,149$1,718$1,361$1,070$836$602
22 years$2,030$1,604$1,254$973$749$529
23 years$1,921$1,500$1,158$886$673$466
24 years$1,821$1,405$1,071$808$605$410
25 years$1,730$1,319$992$738$544$362
26 years$1,646$1,239$920$675$490$319
27 years$1,568$1,166$854$618$442$282
28 years$1,496$1,099$794$566$399$249
29 years$1,428$1,037$739$519$360$221
30 years$1,366$979$689$476$325$195
31 years$1,307$926$642$438$294$173
32 years$1,253$876$599$402$266$153
33 years$1,202$829$559$370$241$136
34 years$1,154$786$522$340$218$120
35 years$1,108$746$488$313$197$106
36 years$1,066$708$457$288$179$94
37 years$1,025$672$428$266$162$84
38 years$987$639$401$245$147$74
39 years$951$607$375$226$133$66
40 years$917$578$352$208$121$58
41 years$885$550$330$192$110$52
42 years$854$524$309$177$100$46
43 years$825$499$290$164$90$41
44 years$797$476$273$151$82$36
45 years$771$454$256$140$74$32
46 years$745$433$240$129$68$29
47 years$721$413$226$119$61$25
48 years$698$394$212$110$56$22
49 years$676$377$199$102$51$20
50 years$655$360$187$94$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $671,000, adding $6,367 every year, while hoping to spend $37,373 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: 60/20/20 Blend
58$671,000$671,000$671,000$671,000
59$746,010$710,447$700,046$786,502
60$782,338$705,494$683,733$809,712
61$821,119$699,046$665,621$830,355
62$862,564$690,990$645,610$852,032
63$906,904$681,206$623,596$874,850
64$954,391$669,569$599,470$898,927
65$1,005,305$655,943$573,117$924,396
66$1,059,948$640,187$544,419$951,402
67$1,118,657$622,150$513,251$980,111
68$1,181,797$601,673$479,483$1,010,704
69$1,249,773$578,587$442,978$1,043,385
70$1,323,026$552,714$403,594$1,078,380
71$1,402,043$523,865$361,182$1,115,940
72$1,487,358$491,841$315,589$1,156,344
73$1,579,558$456,431$266,650$1,199,903
74$1,679,287$417,410$214,197$1,246,961
75$1,787,255$374,544$158,054$1,297,902
76$1,904,241$327,583$98,035$1,353,150
77$2,031,103$276,264$33,948$1,413,177
78$2,168,782$220,307$0$1,478,507
79$2,318,316$159,420$0$1,557,070
80$2,480,844$93,292$0$1,650,368
81$2,657,620$21,593$0$1,751,910
82$2,850,026$0$0$1,862,535
83$3,059,578$0$0$1,995,500
84$3,287,949$0$0$2,145,632
85$3,536,977$0$0$2,309,396
86$3,808,686$0$0$2,488,128
87$4,105,303$0$0$2,683,301
88$4,429,282$0$0$2,896,536
89$4,783,322$0$0$3,129,615
90$5,170,394$0$0$3,384,505
91$5,593,772$0$0$3,663,366
92$6,057,059$0$0$3,968,581
93$6,564,221$0$0$4,302,772
94$7,119,628$0$0$4,668,826
95$7,728,092$0$0$5,069,924
96$8,394,909$0$0$5,509,568
97$9,125,917$0$0$5,991,614
98$9,927,541$0$0$6,520,311
99$10,806,861$0$0$7,100,338
100$11,771,672$0$0$7,736,849