Can I retire at age 59 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$55,906$55,408$54,922$54,448$53,985$52,446
2 years$27,676$27,161$26,661$26,177$25,707$24,169
3 years$18,268$17,750$17,252$16,772$16,310$14,820
4 years$13,564$13,048$12,555$12,083$11,632$10,202
5 years$10,743$10,230$9,743$9,281$8,843$7,477
6 years$8,863$8,353$7,874$7,422$6,997$5,696
7 years$7,520$7,015$6,543$6,102$5,690$4,455
8 years$6,514$6,013$5,549$5,119$4,721$3,550
9 years$5,731$5,236$4,779$4,360$3,975$2,868
10 years$5,106$4,615$4,167$3,759$3,387$2,342
11 years$4,594$4,108$3,668$3,271$2,913$1,928
12 years$4,168$3,688$3,256$2,869$2,525$1,598
13 years$3,808$3,332$2,909$2,533$2,201$1,331
14 years$3,500$3,029$2,613$2,249$1,930$1,113
15 years$3,233$2,767$2,360$2,005$1,699$935
16 years$2,999$2,539$2,139$1,796$1,502$787
17 years$2,794$2,338$1,947$1,613$1,331$664
18 years$2,611$2,161$1,777$1,454$1,184$561
19 years$2,448$2,002$1,627$1,314$1,055$476
20 years$2,301$1,861$1,493$1,190$943$403
21 years$2,168$1,733$1,373$1,080$843$342
22 years$2,048$1,618$1,266$982$756$291
23 years$1,938$1,513$1,169$894$679$248
24 years$1,838$1,418$1,081$816$610$211
25 years$1,745$1,330$1,001$745$549$180
26 years$1,660$1,250$928$681$494$153
27 years$1,582$1,177$862$623$446$130
28 years$1,509$1,109$801$571$402$111
29 years$1,441$1,046$746$524$363$95
30 years$1,378$988$695$481$328$81
31 years$1,319$934$648$441$297$69
32 years$1,264$884$604$406$268$59
33 years$1,212$837$564$373$243$50
34 years$1,164$793$527$343$220$43
35 years$1,118$752$493$316$199$37
36 years$1,075$714$461$291$180$31
37 years$1,035$678$432$268$164$27
38 years$996$645$404$247$148$23
39 years$960$613$379$228$134$20
40 years$926$583$355$210$122$17
41 years$893$555$333$194$111$14
42 years$862$529$312$179$100$12
43 years$832$504$293$165$91$10
44 years$804$480$275$153$83$9
45 years$778$458$258$141$75$8
46 years$752$437$242$130$68$7
47 years$728$417$228$120$62$6
48 years$705$398$214$111$56$5
49 years$682$380$201$103$51$4
50 years$661$363$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $677,000, adding $5,256 every year, while hoping to spend $24,015 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: 67/14/19 Blend
58$677,000$677,000$677,000$677,000
59$751,476$715,595$705,101$797,952
60$802,574$725,107$703,170$839,224
61$858,080$734,281$700,370$881,069
62$918,418$743,073$696,645$926,246
63$984,053$751,441$691,940$975,082
64$1,055,500$759,335$686,193$1,027,937
65$1,133,323$766,704$679,343$1,085,208
66$1,218,144$773,495$671,323$1,147,335
67$1,310,647$779,649$662,065$1,214,798
68$1,411,586$785,105$651,497$1,288,133
69$1,521,789$789,796$639,543$1,367,926
70$1,642,169$793,653$626,125$1,454,826
71$1,773,730$796,602$611,160$1,549,546
72$1,917,578$798,563$594,561$1,652,876
73$2,074,930$799,452$576,239$1,765,684
74$2,247,128$799,180$556,098$1,888,928
75$2,435,648$797,653$534,040$2,023,665
76$2,642,115$794,769$509,961$2,171,061
77$2,868,320$790,421$483,754$2,332,400
78$3,116,234$784,497$455,305$2,509,099
79$3,388,028$776,876$424,496$2,702,722
80$3,686,095$767,431$391,205$2,914,990
81$4,013,067$756,026$355,301$3,147,804
82$4,371,848$742,519$316,651$3,403,259
83$4,765,631$726,757$275,114$3,683,663
84$5,197,938$708,581$230,542$3,991,565
85$5,672,645$687,819$182,783$4,329,772
86$6,194,026$664,293$131,677$4,701,380
87$6,766,784$637,811$77,056$5,109,802
88$7,396,104$608,171$18,745$5,558,803
89$8,087,696$575,162$0$6,052,532
90$8,847,853$538,556$0$6,604,378
91$9,683,505$498,116$0$7,215,200
92$10,602,288$453,589$0$7,886,793
93$11,612,615$404,709$0$8,625,331
94$12,723,756$351,194$0$9,437,614
95$13,945,923$292,747$0$10,331,140
96$15,290,368$229,052$0$11,314,170
97$16,769,488$159,778$0$12,395,807
98$18,396,942$84,574$0$13,586,087
99$20,187,782$3,069$0$14,896,065
100$22,158,589$0$0$16,337,928