Can I retire at age 59 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$55,658$55,163$54,679$54,207$53,746$52,618
2 years$27,554$27,040$26,543$26,061$25,593$24,462
3 years$18,187$17,671$17,175$16,697$16,237$15,138
4 years$13,504$12,990$12,499$12,030$11,581$10,522
5 years$10,695$10,184$9,700$9,240$8,803$7,789
6 years$8,823$8,316$7,839$7,389$6,966$5,996
7 years$7,487$6,984$6,514$6,075$5,665$4,740
8 years$6,485$5,987$5,525$5,096$4,700$3,819
9 years$5,706$5,212$4,758$4,341$3,958$3,121
10 years$5,083$4,595$4,148$3,742$3,372$2,579
11 years$4,574$4,090$3,652$3,257$2,900$2,149
12 years$4,150$3,671$3,241$2,856$2,513$1,803
13 years$3,791$3,318$2,896$2,522$2,192$1,521
14 years$3,484$3,016$2,602$2,239$1,921$1,289
15 years$3,218$2,755$2,349$1,996$1,692$1,097
16 years$2,986$2,528$2,130$1,788$1,495$936
17 years$2,781$2,328$1,938$1,606$1,326$801
18 years$2,599$2,151$1,769$1,447$1,179$687
19 years$2,437$1,993$1,620$1,308$1,051$590
20 years$2,291$1,852$1,486$1,185$938$508
21 years$2,159$1,725$1,367$1,075$840$437
22 years$2,039$1,611$1,260$977$753$377
23 years$1,930$1,506$1,163$890$676$326
24 years$1,830$1,411$1,076$812$607$281
25 years$1,738$1,325$997$741$546$243
26 years$1,653$1,245$924$678$492$211
27 years$1,575$1,172$858$621$444$182
28 years$1,502$1,104$798$569$400$158
29 years$1,435$1,041$743$521$362$137
30 years$1,372$984$692$479$327$119
31 years$1,313$930$645$439$295$103
32 years$1,258$880$602$404$267$89
33 years$1,207$833$562$371$242$77
34 years$1,159$790$525$342$219$67
35 years$1,113$749$491$315$198$58
36 years$1,070$711$459$290$180$51
37 years$1,030$675$430$267$163$44
38 years$992$642$402$246$148$38
39 years$956$610$377$227$134$33
40 years$921$581$353$209$121$29
41 years$889$553$331$193$110$25
42 years$858$526$311$178$100$22
43 years$829$501$292$164$91$19
44 years$801$478$274$152$82$16
45 years$774$456$257$140$75$14
46 years$749$435$241$130$68$12
47 years$725$415$227$120$62$11
48 years$701$396$213$111$56$9
49 years$679$378$200$102$51$8
50 years$658$361$188$94$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $674,000, adding $5,602 every year, while hoping to spend $28,221 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: 32/44/24 Blend
58$674,000$674,000$674,000$674,000
59$748,526$712,804$702,357$766,815
60$794,849$717,705$695,860$786,029
61$844,951$721,900$688,198$803,792
62$899,188$725,324$679,304$822,353
63$957,950$727,911$669,106$841,802
64$1,021,668$729,585$657,528$862,237
65$1,090,815$730,271$644,492$883,771
66$1,165,910$729,886$629,914$906,528
67$1,247,525$728,343$613,709$930,648
68$1,336,290$725,550$595,786$956,288
69$1,432,896$721,407$576,050$983,623
70$1,538,107$715,810$554,402$1,012,850
71$1,652,759$708,650$530,739$1,044,187
72$1,777,775$699,809$504,954$1,077,878
73$1,914,170$689,162$476,932$1,114,197
74$2,063,062$676,577$446,556$1,153,448
75$2,225,681$661,916$413,702$1,195,969
76$2,403,381$645,031$378,242$1,242,137
77$2,597,653$625,764$340,040$1,292,374
78$2,810,138$603,951$298,956$1,347,146
79$3,042,643$579,416$254,842$1,406,973
80$3,297,159$551,974$207,546$1,472,434
81$3,575,877$521,428$156,906$1,544,171
82$3,881,210$487,572$102,756$1,622,898
83$4,215,816$450,185$44,921$1,709,409
84$4,582,621$409,036$0$1,804,581
85$4,984,849$363,879$0$1,913,695
86$5,426,051$314,457$0$2,046,088
87$5,910,137$260,494$0$2,191,495
88$6,441,414$201,701$0$2,351,302
89$7,024,628$137,774$0$2,527,042
90$7,665,004$68,389$0$2,720,407
91$8,368,300$0$0$2,933,270
92$9,140,859$0$0$3,170,992
93$9,989,668$0$0$3,468,663
94$10,922,422$0$0$3,795,886
95$11,947,603$0$0$4,155,648
96$13,074,551$0$0$4,551,242
97$14,313,559$0$0$4,986,296
98$15,675,967$0$0$5,464,806
99$17,174,266$0$0$5,991,177
100$18,822,221$0$0$6,570,259