Can I retire at age 59 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$55,741$55,244$54,760$54,287$53,825$53,286
2 years$27,594$27,081$26,582$26,100$25,631$25,087
3 years$18,214$17,697$17,201$16,722$16,261$15,731
4 years$13,524$13,009$12,518$12,047$11,598$11,084
5 years$10,711$10,200$9,714$9,254$8,816$8,321
6 years$8,836$8,329$7,851$7,400$6,976$6,500
7 years$7,498$6,994$6,524$6,084$5,673$5,217
8 years$6,494$5,996$5,533$5,104$4,707$4,269
9 years$5,714$5,220$4,765$4,347$3,964$3,546
10 years$5,091$4,601$4,155$3,747$3,377$2,978
11 years$4,581$4,096$3,658$3,261$2,905$2,524
12 years$4,156$3,677$3,246$2,861$2,517$2,155
13 years$3,797$3,323$2,900$2,526$2,195$1,851
14 years$3,489$3,020$2,606$2,242$1,924$1,597
15 years$3,223$2,759$2,353$1,999$1,694$1,384
16 years$2,991$2,531$2,133$1,790$1,497$1,203
17 years$2,785$2,331$1,941$1,608$1,328$1,050
18 years$2,603$2,154$1,772$1,450$1,180$918
19 years$2,440$1,996$1,622$1,310$1,052$804
20 years$2,294$1,855$1,489$1,186$940$706
21 years$2,162$1,728$1,369$1,077$841$621
22 years$2,042$1,613$1,262$979$754$547
23 years$1,932$1,509$1,165$892$677$482
24 years$1,832$1,414$1,078$813$608$425
25 years$1,740$1,327$998$743$547$376
26 years$1,655$1,247$926$679$493$332
27 years$1,577$1,173$860$621$444$294
28 years$1,504$1,106$799$569$401$260
29 years$1,437$1,043$744$522$362$231
30 years$1,374$985$693$479$327$204
31 years$1,315$931$646$440$296$181
32 years$1,260$881$602$404$268$161
33 years$1,209$834$563$372$242$143
34 years$1,160$791$526$342$219$127
35 years$1,115$750$491$315$199$112
36 years$1,072$712$460$290$180$100
37 years$1,032$676$430$267$163$89
38 years$993$643$403$246$148$79
39 years$957$611$378$227$134$70
40 years$923$581$354$210$122$62
41 years$890$553$332$193$110$55
42 years$859$527$311$178$100$49
43 years$830$502$292$165$91$44
44 years$802$479$274$152$82$39
45 years$775$456$257$140$75$34
46 years$750$435$242$130$68$31
47 years$726$416$227$120$62$27
48 years$702$397$213$111$56$24
49 years$680$379$201$102$51$22
50 years$659$362$189$95$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $675,000, adding $2,266 every year, while hoping to spend $34,052 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: 40/50/10 Blend
58$675,000$675,000$675,000$675,000
59$746,187$710,412$699,950$773,710
60$786,067$708,992$687,167$791,871
61$828,874$706,360$672,815$807,954
62$874,870$702,422$656,805$824,590
63$924,342$697,077$639,044$841,842
64$977,609$690,217$619,435$859,783
65$1,035,016$681,729$597,878$878,497
66$1,096,947$671,493$574,266$898,078
67$1,163,820$659,380$548,488$918,633
68$1,236,095$645,256$520,428$940,281
69$1,314,281$628,977$489,966$963,159
70$1,398,932$610,391$456,974$987,419
71$1,490,661$589,339$421,321$1,013,234
72$1,590,142$565,650$382,869$1,040,796
73$1,698,114$539,144$341,472$1,070,323
74$1,815,391$509,631$296,981$1,102,058
75$1,942,868$476,910$249,237$1,136,275
76$2,081,531$440,769$198,077$1,173,279
77$2,232,462$400,982$143,328$1,213,412
78$2,396,856$357,313$84,812$1,257,056
79$2,576,022$309,508$22,340$1,304,640
80$2,771,407$257,304$0$1,356,641
81$2,984,598$200,420$0$1,418,320
82$3,217,346$138,560$0$1,488,394
83$3,471,577$71,410$0$1,565,160
84$3,749,409$0$0$1,649,381
85$4,053,179$0$0$1,742,649
86$4,385,454$0$0$1,887,730
87$4,749,066$0$0$2,046,580
88$5,147,129$0$0$2,220,572
89$5,583,075$0$0$2,411,216
90$6,060,682$0$0$2,620,177
91$6,584,111$0$0$2,849,286
92$7,157,945$0$0$3,100,563
93$7,787,231$0$0$3,376,230
94$8,477,528$0$0$3,678,737
95$9,234,959$0$0$4,010,781
96$10,066,270$0$0$4,375,333
97$10,978,888$0$0$4,775,666
98$11,980,998$0$0$5,215,385
99$13,081,614$0$0$5,698,463
100$14,290,668$0$0$6,229,275