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%16.2%
1 years$55,411$54,917$54,435$53,965$53,506$52,149
2 years$27,431$26,920$26,425$25,945$25,479$24,121
3 years$18,106$17,593$17,099$16,623$16,165$14,848
4 years$13,444$12,932$12,443$11,976$11,529$10,263
5 years$10,648$10,139$9,657$9,199$8,764$7,553
6 years$8,784$8,279$7,804$7,356$6,935$5,780
7 years$7,453$6,953$6,485$6,048$5,640$4,541
8 years$6,456$5,960$5,500$5,074$4,679$3,635
9 years$5,680$5,189$4,737$4,322$3,940$2,951
10 years$5,060$4,574$4,130$3,725$3,357$2,422
11 years$4,554$4,072$3,636$3,242$2,887$2,004
12 years$4,131$3,655$3,227$2,844$2,502$1,670
13 years$3,774$3,303$2,883$2,511$2,182$1,398
14 years$3,469$3,002$2,590$2,229$1,913$1,176
15 years$3,204$2,743$2,339$1,988$1,684$993
16 years$2,973$2,516$2,120$1,780$1,488$841
17 years$2,769$2,317$1,929$1,599$1,320$714
18 years$2,588$2,141$1,761$1,441$1,173$607
19 years$2,426$1,985$1,612$1,302$1,046$517
20 years$2,281$1,844$1,480$1,179$934$441
21 years$2,149$1,718$1,361$1,070$836$377
22 years$2,030$1,604$1,254$973$749$322
23 years$1,921$1,500$1,158$886$673$276
24 years$1,821$1,405$1,071$808$605$236
25 years$1,730$1,319$992$738$544$203
26 years$1,646$1,239$920$675$490$174
27 years$1,568$1,166$854$618$442$149
28 years$1,496$1,099$794$566$399$128
29 years$1,428$1,037$739$519$360$110
30 years$1,366$979$689$476$325$94
31 years$1,307$926$642$438$294$81
32 years$1,253$876$599$402$266$70
33 years$1,202$829$559$370$241$60
34 years$1,154$786$522$340$218$52
35 years$1,108$746$488$313$197$44
36 years$1,066$708$457$288$179$38
37 years$1,025$672$428$266$162$33
38 years$987$639$401$245$147$28
39 years$951$607$375$226$133$24
40 years$917$578$352$208$121$21
41 years$885$550$330$192$110$18
42 years$854$524$309$177$100$15
43 years$825$499$290$164$90$13
44 years$797$476$273$151$82$11
45 years$771$454$256$140$74$10
46 years$745$433$240$129$68$8
47 years$721$413$226$119$61$7
48 years$698$394$212$110$56$6
49 years$676$377$199$102$51$5
50 years$655$360$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $671,000, adding $4,716 every year, while hoping to spend $20,082 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: 68/9/23 Blend
58$671,000$671,000$671,000$671,000
59$744,307$708,744$698,343$790,269
60$798,859$722,105$700,370$835,029
61$858,302$735,448$701,793$881,226
62$923,115$748,750$702,568$931,291
63$993,822$761,989$702,654$985,605
64$1,071,002$775,137$702,003$1,044,587
65$1,155,293$788,167$700,569$1,108,703
66$1,247,396$801,050$698,301$1,178,462
67$1,348,083$813,754$695,146$1,254,428
68$1,458,203$826,244$691,050$1,337,222
69$1,578,693$838,483$685,953$1,427,526
70$1,710,583$850,432$679,796$1,526,096
71$1,855,008$862,049$672,515$1,633,764
72$2,013,218$873,288$664,043$1,751,444
73$2,186,588$884,102$654,311$1,880,148
74$2,376,636$894,438$643,246$2,020,990
75$2,585,029$904,241$630,770$2,175,196
76$2,813,606$913,454$616,806$2,344,120
77$3,064,392$922,012$601,267$2,529,254
78$3,339,619$929,849$584,068$2,732,242
79$3,641,742$936,894$565,117$2,954,898
80$3,973,469$943,070$544,317$3,199,218
81$4,337,780$948,298$521,569$3,467,407
82$4,737,960$952,491$496,768$3,761,891
83$5,177,627$955,558$469,805$4,085,349
84$5,660,766$957,402$440,565$4,440,729
85$6,191,769$957,919$408,928$4,831,286
86$6,775,472$957,000$374,770$5,260,602
87$7,417,206$954,529$337,961$5,732,632
88$8,122,842$950,381$298,363$6,251,729
89$8,898,848$944,426$255,834$6,822,697
90$9,752,353$936,525$210,227$7,450,827
91$10,691,208$926,530$161,385$8,141,953
92$11,724,066$914,286$109,147$8,902,505
93$12,860,461$899,625$53,342$9,739,573
94$14,110,894$882,373$0$10,660,966
95$15,486,939$862,343$0$11,676,823
96$17,001,348$839,340$0$12,809,177
97$18,668,172$813,153$0$14,055,434
98$20,502,891$783,563$0$15,427,174
99$22,522,564$750,335$0$16,937,158
100$24,745,987$713,224$0$18,599,446