Can I retire at age 59 with 675,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$55,741$55,244$54,760$54,287$53,825$53,599
2 years$27,594$27,081$26,582$26,100$25,631$25,402
3 years$18,214$17,697$17,201$16,722$16,261$16,037
4 years$13,524$13,009$12,518$12,047$11,598$11,380
5 years$10,711$10,200$9,714$9,254$8,816$8,606
6 years$8,836$8,329$7,851$7,400$6,976$6,774
7 years$7,498$6,994$6,524$6,084$5,673$5,479
8 years$6,494$5,996$5,533$5,104$4,707$4,519
9 years$5,714$5,220$4,765$4,347$3,964$3,784
10 years$5,091$4,601$4,155$3,747$3,377$3,205
11 years$4,581$4,096$3,658$3,261$2,905$2,740
12 years$4,156$3,677$3,246$2,861$2,517$2,360
13 years$3,797$3,323$2,900$2,526$2,195$2,045
14 years$3,489$3,020$2,606$2,242$1,924$1,781
15 years$3,223$2,759$2,353$1,999$1,694$1,558
16 years$2,991$2,531$2,133$1,790$1,497$1,368
17 years$2,785$2,331$1,941$1,608$1,328$1,204
18 years$2,603$2,154$1,772$1,450$1,180$1,064
19 years$2,440$1,996$1,622$1,310$1,052$941
20 years$2,294$1,855$1,489$1,186$940$835
21 years$2,162$1,728$1,369$1,077$841$742
22 years$2,042$1,613$1,262$979$754$660
23 years$1,932$1,509$1,165$892$677$588
24 years$1,832$1,414$1,078$813$608$525
25 years$1,740$1,327$998$743$547$468
26 years$1,655$1,247$926$679$493$419
27 years$1,577$1,173$860$621$444$375
28 years$1,504$1,106$799$569$401$335
29 years$1,437$1,043$744$522$362$300
30 years$1,374$985$693$479$327$269
31 years$1,315$931$646$440$296$242
32 years$1,260$881$602$404$268$217
33 years$1,209$834$563$372$242$195
34 years$1,160$791$526$342$219$175
35 years$1,115$750$491$315$199$157
36 years$1,072$712$460$290$180$141
37 years$1,032$676$430$267$163$127
38 years$993$643$403$246$148$114
39 years$957$611$378$227$134$102
40 years$923$581$354$210$122$92
41 years$890$553$332$193$110$83
42 years$859$527$311$178$100$75
43 years$830$502$292$165$91$67
44 years$802$479$274$152$82$60
45 years$775$456$257$140$75$54
46 years$750$435$242$130$68$49
47 years$726$416$227$120$62$44
48 years$702$397$213$111$56$40
49 years$680$379$201$102$51$36
50 years$659$362$189$95$46$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $675,000, adding $5,214 every year, while hoping to spend $36,803 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: 73/17/10 Blend
58$675,000$675,000$675,000$675,000
59$749,228$713,453$702,991$802,145
60$786,491$709,254$687,383$833,596
61$826,322$703,616$670,019$862,945
62$868,943$696,429$650,800$894,073
63$914,599$687,578$629,626$927,148
64$963,558$676,939$606,388$962,351
65$1,016,114$664,383$580,976$999,885
66$1,072,591$649,771$553,271$1,039,974
67$1,133,342$632,957$523,153$1,082,863
68$1,198,758$613,787$490,494$1,128,825
69$1,269,266$592,096$455,159$1,178,162
70$1,345,334$567,712$417,011$1,231,205
71$1,427,479$540,452$375,902$1,288,323
72$1,516,269$510,120$331,681$1,349,920
73$1,612,325$476,513$284,189$1,416,446
74$1,716,333$439,413$233,260$1,488,396
75$1,829,045$398,590$178,721$1,566,316
76$1,951,290$353,804$120,390$1,650,812
77$2,083,978$304,797$58,080$1,742,549
78$2,228,111$251,298$0$1,842,266
79$2,384,789$193,023$0$1,951,674
80$2,555,225$129,668$0$2,077,447
81$2,740,752$60,916$0$2,214,396
82$2,942,837$0$0$2,363,641
83$3,163,093$0$0$2,528,956
84$3,403,299$0$0$2,721,700
85$3,665,410$0$0$2,932,050
86$3,951,577$0$0$3,161,736
87$4,264,171$0$0$3,412,665
88$4,605,799$0$0$3,686,934
89$4,979,335$0$0$3,986,854
90$5,387,938$0$0$4,314,966
91$5,835,092$0$0$4,674,072
92$6,324,629$0$0$5,067,254
93$6,860,772$0$0$5,497,908
94$7,448,168$0$0$5,969,774
95$8,091,938$0$0$6,486,969
96$8,797,720$0$0$7,054,028
97$9,571,725$0$0$7,675,948
98$10,420,793$0$0$8,358,229
99$11,352,457$0$0$9,106,931
100$12,375,016$0$0$9,928,731