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%14.5%
1 years$55,658$55,163$54,679$54,207$53,746$52,747
2 years$27,554$27,040$26,543$26,061$25,593$24,591
3 years$18,187$17,671$17,175$16,697$16,237$15,262
4 years$13,504$12,990$12,499$12,030$11,581$10,641
5 years$10,695$10,184$9,700$9,240$8,803$7,901
6 years$8,823$8,316$7,839$7,389$6,966$6,102
7 years$7,487$6,984$6,514$6,075$5,665$4,840
8 years$6,485$5,987$5,525$5,096$4,700$3,914
9 years$5,706$5,212$4,758$4,341$3,958$3,210
10 years$5,083$4,595$4,148$3,742$3,372$2,662
11 years$4,574$4,090$3,652$3,257$2,900$2,227
12 years$4,150$3,671$3,241$2,856$2,513$1,876
13 years$3,791$3,318$2,896$2,522$2,192$1,589
14 years$3,484$3,016$2,602$2,239$1,921$1,352
15 years$3,218$2,755$2,349$1,996$1,692$1,155
16 years$2,986$2,528$2,130$1,788$1,495$990
17 years$2,781$2,328$1,938$1,606$1,326$850
18 years$2,599$2,151$1,769$1,447$1,179$732
19 years$2,437$1,993$1,620$1,308$1,051$632
20 years$2,291$1,852$1,486$1,185$938$546
21 years$2,159$1,725$1,367$1,075$840$473
22 years$2,039$1,611$1,260$977$753$410
23 years$1,930$1,506$1,163$890$676$355
24 years$1,830$1,411$1,076$812$607$309
25 years$1,738$1,325$997$741$546$268
26 years$1,653$1,245$924$678$492$233
27 years$1,575$1,172$858$621$444$203
28 years$1,502$1,104$798$569$400$177
29 years$1,435$1,041$743$521$362$154
30 years$1,372$984$692$479$327$134
31 years$1,313$930$645$439$295$117
32 years$1,258$880$602$404$267$102
33 years$1,207$833$562$371$242$89
34 years$1,159$790$525$342$219$77
35 years$1,113$749$491$315$198$67
36 years$1,070$711$459$290$180$59
37 years$1,030$675$430$267$163$51
38 years$992$642$402$246$148$45
39 years$956$610$377$227$134$39
40 years$921$581$353$209$121$34
41 years$889$553$331$193$110$30
42 years$858$526$311$178$100$26
43 years$829$501$292$164$91$23
44 years$801$478$274$152$82$20
45 years$774$456$257$140$75$17
46 years$749$435$241$130$68$15
47 years$725$415$227$120$62$13
48 years$701$396$213$111$56$12
49 years$679$378$200$102$51$10
50 years$658$361$188$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $674,000, adding $6,913 every year, while hoping to spend $31,887 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: 26/46/28 Blend
58$674,000$674,000$674,000$674,000
59$749,879$714,157$703,710$762,687
60$792,439$715,223$693,357$774,799
61$838,271$715,273$681,588$784,612
62$887,676$714,222$668,322$794,487
63$940,984$711,984$653,475$804,450
64$998,555$708,462$636,958$814,535
65$1,060,790$703,558$618,678$824,781
66$1,128,124$697,166$598,537$835,233
67$1,201,038$689,173$576,434$845,947
68$1,280,063$679,461$552,263$856,986
69$1,365,778$667,903$525,912$868,422
70$1,458,823$654,367$497,266$880,343
71$1,559,901$638,709$466,203$892,844
72$1,669,787$620,781$432,597$906,040
73$1,789,330$600,424$396,313$920,060
74$1,919,467$577,470$357,215$935,050
75$2,061,228$551,742$315,157$951,178
76$2,215,747$523,051$269,989$968,635
77$2,384,271$491,199$221,552$987,636
78$2,568,175$455,975$169,681$1,008,427
79$2,768,968$417,158$114,206$1,031,283
80$2,988,317$374,512$54,945$1,056,516
81$3,228,051$327,790$0$1,084,477
82$3,490,189$276,728$0$1,118,040
83$3,776,950$221,049$0$1,172,847
84$4,090,780$160,462$0$1,233,026
85$4,434,371$94,656$0$1,299,198
86$4,810,687$23,305$0$1,372,055
87$5,222,994$0$0$1,452,364
88$5,674,888$0$0$1,568,283
89$6,170,328$0$0$1,708,419
90$6,713,675$0$0$1,862,224
91$7,309,734$0$0$2,031,074
92$7,963,797$0$0$2,216,482
93$8,681,690$0$0$2,420,115
94$9,469,834$0$0$2,643,812
95$10,335,301$0$0$2,889,597
96$11,285,882$0$0$3,159,700
97$12,330,157$0$0$3,456,577
98$13,477,582$0$0$3,782,935
99$14,738,572$0$0$4,141,756
100$16,124,600$0$0$4,536,325