Can I retire at age 59 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$55,493$54,999$54,517$54,046$53,586$53,115
2 years$27,472$26,960$26,464$25,984$25,517$25,042
3 years$18,133$17,619$17,124$16,648$16,189$15,725
4 years$13,464$12,952$12,462$11,994$11,546$11,097
5 years$10,663$10,154$9,671$9,212$8,777$8,344
6 years$8,797$8,292$7,816$7,367$6,945$6,529
7 years$7,464$6,963$6,495$6,057$5,648$5,248
8 years$6,465$5,969$5,508$5,081$4,686$4,303
9 years$5,689$5,197$4,744$4,328$3,946$3,580
10 years$5,068$4,581$4,136$3,731$3,362$3,012
11 years$4,560$4,078$3,641$3,247$2,892$2,558
12 years$4,138$3,660$3,232$2,848$2,506$2,188
13 years$3,780$3,308$2,887$2,514$2,185$1,882
14 years$3,474$3,007$2,594$2,232$1,916$1,628
15 years$3,209$2,747$2,342$1,990$1,687$1,413
16 years$2,977$2,520$2,124$1,782$1,491$1,232
17 years$2,773$2,321$1,932$1,601$1,322$1,076
18 years$2,592$2,145$1,764$1,443$1,175$943
19 years$2,430$1,988$1,615$1,304$1,047$828
20 years$2,284$1,847$1,482$1,181$936$729
21 years$2,152$1,720$1,363$1,072$837$642
22 years$2,033$1,606$1,256$975$750$567
23 years$1,924$1,502$1,160$888$674$501
24 years$1,824$1,407$1,073$809$606$443
25 years$1,733$1,321$994$739$545$392
26 years$1,648$1,241$922$676$491$348
27 years$1,570$1,168$856$619$442$308
28 years$1,498$1,101$796$567$399$274
29 years$1,431$1,038$740$520$361$243
30 years$1,368$981$690$477$326$216
31 years$1,309$927$643$438$295$192
32 years$1,255$877$600$403$266$171
33 years$1,203$831$560$370$241$152
34 years$1,155$787$523$341$218$135
35 years$1,110$747$489$314$198$120
36 years$1,067$709$458$289$179$107
37 years$1,027$673$428$266$162$95
38 years$989$640$401$245$147$85
39 years$953$608$376$226$133$76
40 years$919$579$352$209$121$67
41 years$886$551$330$192$110$60
42 years$856$525$310$178$100$53
43 years$826$500$291$164$90$48
44 years$798$477$273$151$82$42
45 years$772$454$256$140$75$38
46 years$747$434$241$129$68$34
47 years$722$414$226$119$61$30
48 years$699$395$212$110$56$27
49 years$677$377$200$102$51$24
50 years$656$360$188$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $672,000, adding $3,564 every year, while hoping to spend $26,397 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: 51/30/19 Blend
58$672,000$672,000$672,000$672,000
59$744,220$708,604$698,188$778,095
60$792,045$715,240$693,491$808,461
61$843,862$721,315$687,752$838,433
62$900,053$726,776$680,909$870,455
63$961,033$731,564$672,894$904,729
64$1,027,263$735,614$663,640$941,480
65$1,099,246$738,862$653,075$980,956
66$1,177,539$741,236$641,122$1,023,434
67$1,262,751$742,660$627,704$1,069,216
68$1,355,557$743,055$612,737$1,118,640
69$1,456,694$742,336$596,134$1,172,078
70$1,566,978$740,411$577,806$1,229,940
71$1,687,305$737,186$557,657$1,292,683
72$1,818,660$732,559$535,589$1,360,809
73$1,962,130$726,421$511,498$1,434,873
74$2,118,910$718,658$485,276$1,515,492
75$2,290,316$709,149$456,809$1,603,343
76$2,477,797$697,766$425,981$1,699,177
77$2,682,947$684,371$392,666$1,803,825
78$2,907,523$668,822$356,736$1,918,202
79$3,153,461$650,964$318,057$2,043,322
80$3,422,889$630,636$276,487$2,180,302
81$3,718,154$607,667$231,879$2,330,380
82$4,041,838$581,876$184,080$2,494,919
83$4,396,789$553,071$132,930$2,675,426
84$4,786,138$521,049$78,260$2,873,568
85$5,213,339$485,595$19,897$3,091,182
86$5,682,194$446,483$0$3,330,298
87$6,196,890$403,473$0$3,601,750
88$6,762,041$356,312$0$3,904,282
89$7,382,729$304,731$0$4,236,629
90$8,064,553$248,448$0$4,601,847
91$8,813,679$187,164$0$5,003,308
92$9,636,902$120,563$0$5,444,732
93$10,541,708$48,312$0$5,930,219
94$11,536,341$0$0$6,464,293
95$12,629,888$0$0$7,061,827
96$13,832,356$0$0$7,736,491
97$15,154,775$0$0$8,478,533
98$16,609,293$0$0$9,294,781
99$18,209,296$0$0$10,192,755
100$19,969,535$0$0$11,180,746