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%14.4%
1 years$55,658$55,163$54,679$54,207$53,746$52,769
2 years$27,554$27,040$26,543$26,061$25,593$24,612
3 years$18,187$17,671$17,175$16,697$16,237$15,283
4 years$13,504$12,990$12,499$12,030$11,581$10,660
5 years$10,695$10,184$9,700$9,240$8,803$7,920
6 years$8,823$8,316$7,839$7,389$6,966$6,120
7 years$7,487$6,984$6,514$6,075$5,665$4,857
8 years$6,485$5,987$5,525$5,096$4,700$3,930
9 years$5,706$5,212$4,758$4,341$3,958$3,225
10 years$5,083$4,595$4,148$3,742$3,372$2,676
11 years$4,574$4,090$3,652$3,257$2,900$2,240
12 years$4,150$3,671$3,241$2,856$2,513$1,888
13 years$3,791$3,318$2,896$2,522$2,192$1,600
14 years$3,484$3,016$2,602$2,239$1,921$1,363
15 years$3,218$2,755$2,349$1,996$1,692$1,165
16 years$2,986$2,528$2,130$1,788$1,495$999
17 years$2,781$2,328$1,938$1,606$1,326$859
18 years$2,599$2,151$1,769$1,447$1,179$740
19 years$2,437$1,993$1,620$1,308$1,051$639
20 years$2,291$1,852$1,486$1,185$938$553
21 years$2,159$1,725$1,367$1,075$840$479
22 years$2,039$1,611$1,260$977$753$415
23 years$1,930$1,506$1,163$890$676$361
24 years$1,830$1,411$1,076$812$607$313
25 years$1,738$1,325$997$741$546$273
26 years$1,653$1,245$924$678$492$237
27 years$1,575$1,172$858$621$444$206
28 years$1,502$1,104$798$569$400$180
29 years$1,435$1,041$743$521$362$157
30 years$1,372$984$692$479$327$137
31 years$1,313$930$645$439$295$119
32 years$1,258$880$602$404$267$104
33 years$1,207$833$562$371$242$91
34 years$1,159$790$525$342$219$79
35 years$1,113$749$491$315$198$69
36 years$1,070$711$459$290$180$60
37 years$1,030$675$430$267$163$53
38 years$992$642$402$246$148$46
39 years$956$610$377$227$134$40
40 years$921$581$353$209$121$35
41 years$889$553$331$193$110$31
42 years$858$526$311$178$100$27
43 years$829$501$292$164$91$23
44 years$801$478$274$152$82$20
45 years$774$456$257$140$75$18
46 years$749$435$241$130$68$16
47 years$725$415$227$120$62$14
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 $5,309 every year, while hoping to spend $22,184 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: 58/19/23 Blend
58$674,000$674,000$674,000$674,000
59$748,224$712,502$702,055$786,709
60$800,940$723,811$701,970$824,851
61$858,288$734,931$701,139$863,582
62$920,720$745,828$699,513$905,329
63$988,728$756,469$697,042$950,391
64$1,062,857$766,815$693,672$999,094
65$1,143,705$776,826$689,347$1,051,801
66$1,231,932$786,459$684,009$1,108,909
67$1,328,263$795,669$677,597$1,170,859
68$1,433,495$804,406$670,046$1,238,136
69$1,548,508$812,619$661,289$1,311,276
70$1,674,270$820,251$651,256$1,390,869
71$1,811,845$827,243$639,873$1,477,567
72$1,962,407$833,532$627,062$1,572,088
73$2,127,248$839,050$612,744$1,675,226
74$2,307,790$843,726$596,834$1,787,856
75$2,505,599$847,484$579,243$1,910,943
76$2,722,401$850,241$559,878$2,045,551
77$2,960,096$851,913$538,644$2,192,854
78$3,220,776$852,406$515,438$2,354,149
79$3,506,746$851,625$490,156$2,530,863
80$3,820,544$849,465$462,686$2,724,572
81$4,164,967$845,816$432,914$2,937,014
82$4,543,095$840,563$400,718$3,170,107
83$4,958,322$833,581$365,973$3,425,965
84$5,414,384$824,740$328,546$3,706,919
85$5,915,399$813,901$288,301$4,015,540
86$6,465,904$800,915$245,093$4,354,664
87$7,070,894$785,629$198,772$4,727,420
88$7,735,876$767,875$149,182$5,137,254
89$8,466,915$747,480$96,158$5,587,970
90$9,270,691$724,258$39,530$6,083,762
91$10,154,568$698,012$0$6,629,254
92$11,126,655$668,536$0$7,234,673
93$12,195,889$635,610$0$7,911,198
94$13,372,116$599,002$0$8,655,365
95$14,666,184$558,465$0$9,474,057
96$16,090,046$513,740$0$10,374,863
97$17,656,870$464,553$0$11,366,144
98$19,381,169$410,614$0$12,457,118
99$21,278,929$351,616$0$13,657,941
100$23,367,769$287,234$0$14,979,809