Can I retire at age 59 with 671,000?

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 $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%13.6%
1 years$55,411$54,917$54,435$53,965$53,506$52,707
2 years$27,431$26,920$26,425$25,945$25,479$24,676
3 years$18,106$17,593$17,099$16,623$16,165$15,382
4 years$13,444$12,932$12,443$11,976$11,529$10,773
5 years$10,648$10,139$9,657$9,199$8,764$8,037
6 years$8,784$8,279$7,804$7,356$6,935$6,238
7 years$7,453$6,953$6,485$6,048$5,640$4,973
8 years$6,456$5,960$5,500$5,074$4,679$4,042
9 years$5,680$5,189$4,737$4,322$3,940$3,333
10 years$5,060$4,574$4,130$3,725$3,357$2,779
11 years$4,554$4,072$3,636$3,242$2,887$2,338
12 years$4,131$3,655$3,227$2,844$2,502$1,981
13 years$3,774$3,303$2,883$2,511$2,182$1,688
14 years$3,469$3,002$2,590$2,229$1,913$1,445
15 years$3,204$2,743$2,339$1,988$1,684$1,242
16 years$2,973$2,516$2,120$1,780$1,488$1,071
17 years$2,769$2,317$1,929$1,599$1,320$926
18 years$2,588$2,141$1,761$1,441$1,173$803
19 years$2,426$1,985$1,612$1,302$1,046$698
20 years$2,281$1,844$1,480$1,179$934$607
21 years$2,149$1,718$1,361$1,070$836$529
22 years$2,030$1,604$1,254$973$749$462
23 years$1,921$1,500$1,158$886$673$403
24 years$1,821$1,405$1,071$808$605$353
25 years$1,730$1,319$992$738$544$308
26 years$1,646$1,239$920$675$490$270
27 years$1,568$1,166$854$618$442$237
28 years$1,496$1,099$794$566$399$208
29 years$1,428$1,037$739$519$360$182
30 years$1,366$979$689$476$325$160
31 years$1,307$926$642$438$294$140
32 years$1,253$876$599$402$266$123
33 years$1,202$829$559$370$241$108
34 years$1,154$786$522$340$218$95
35 years$1,108$746$488$313$197$84
36 years$1,066$708$457$288$179$73
37 years$1,025$672$428$266$162$65
38 years$987$639$401$245$147$57
39 years$951$607$375$226$133$50
40 years$917$578$352$208$121$44
41 years$885$550$330$192$110$39
42 years$854$524$309$177$100$34
43 years$825$499$290$164$90$30
44 years$797$476$273$151$82$26
45 years$771$454$256$140$74$23
46 years$745$433$240$129$68$20
47 years$721$413$226$119$61$18
48 years$698$394$212$110$56$16
49 years$676$377$199$102$51$14
50 years$655$360$187$94$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $671,000, adding $3,182 every year, while hoping to spend $51,634 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: 81/14/5 Blend
58$671,000$671,000$671,000$671,000
59$742,724$707,161$696,761$802,530
60$763,544$686,874$665,164$821,809
61$784,757$663,862$630,778$835,745
62$806,348$637,938$593,456$849,445
63$828,300$608,901$553,041$862,855
64$850,593$576,543$509,374$875,918
65$873,200$540,640$462,284$888,570
66$896,092$500,957$411,596$900,741
67$919,234$457,245$357,126$912,355
68$942,587$409,241$298,681$923,326
69$966,104$356,667$236,060$933,563
70$989,732$299,229$169,053$942,964
71$1,013,410$236,617$97,442$951,419
72$1,037,070$168,503$20,998$958,806
73$1,060,631$94,540$0$964,992
74$1,084,007$14,363$0$973,064
75$1,107,094$0$0$981,034
76$1,129,782$0$0$998,776
77$1,151,940$0$0$1,018,250
78$1,173,428$0$0$1,037,115
79$1,194,082$0$0$1,055,227
80$1,213,723$0$0$1,072,424
81$1,232,151$0$0$1,088,527
82$1,249,138$0$0$1,103,334
83$1,264,434$0$0$1,116,620
84$1,277,759$0$0$1,128,135
85$1,288,800$0$0$1,137,600
86$1,297,210$0$0$1,144,703
87$1,302,602$0$0$1,149,099
88$1,304,545$0$0$1,150,405
89$1,302,562$0$0$1,148,192
90$1,296,124$0$0$1,141,988
91$1,284,640$0$0$1,131,267
92$1,267,460$0$0$1,115,445
93$1,243,858$0$0$1,093,876
94$1,213,032$0$0$1,065,843
95$1,174,096$0$0$1,030,554
96$1,126,063$0$0$987,129
97$1,067,846$0$0$934,596
98$998,239$0$0$871,878
99$915,908$0$0$797,784
100$819,379$0$0$710,997