Can I retire at age 59 with 677,000?

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 $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%19.5%
1 years$55,906$55,408$54,922$54,448$53,985$51,925
2 years$27,676$27,161$26,661$26,177$25,707$23,656
3 years$18,268$17,750$17,252$16,772$16,310$14,332
4 years$13,564$13,048$12,555$12,083$11,632$9,743
5 years$10,743$10,230$9,743$9,281$8,843$7,047
6 years$8,863$8,353$7,874$7,422$6,997$5,295
7 years$7,520$7,015$6,543$6,102$5,690$4,083
8 years$6,514$6,013$5,549$5,119$4,721$3,206
9 years$5,731$5,236$4,779$4,360$3,975$2,551
10 years$5,106$4,615$4,167$3,759$3,387$2,050
11 years$4,594$4,108$3,668$3,271$2,913$1,661
12 years$4,168$3,688$3,256$2,869$2,525$1,354
13 years$3,808$3,332$2,909$2,533$2,201$1,109
14 years$3,500$3,029$2,613$2,249$1,930$911
15 years$3,233$2,767$2,360$2,005$1,699$752
16 years$2,999$2,539$2,139$1,796$1,502$621
17 years$2,794$2,338$1,947$1,613$1,331$515
18 years$2,611$2,161$1,777$1,454$1,184$427
19 years$2,448$2,002$1,627$1,314$1,055$355
20 years$2,301$1,861$1,493$1,190$943$295
21 years$2,168$1,733$1,373$1,080$843$246
22 years$2,048$1,618$1,266$982$756$205
23 years$1,938$1,513$1,169$894$679$171
24 years$1,838$1,418$1,081$816$610$143
25 years$1,745$1,330$1,001$745$549$119
26 years$1,660$1,250$928$681$494$100
27 years$1,582$1,177$862$623$446$83
28 years$1,509$1,109$801$571$402$70
29 years$1,441$1,046$746$524$363$58
30 years$1,378$988$695$481$328$49
31 years$1,319$934$648$441$297$41
32 years$1,264$884$604$406$268$34
33 years$1,212$837$564$373$243$28
34 years$1,164$793$527$343$220$24
35 years$1,118$752$493$316$199$20
36 years$1,075$714$461$291$180$17
37 years$1,035$678$432$268$164$14
38 years$996$645$404$247$148$12
39 years$960$613$379$228$134$10
40 years$926$583$355$210$122$8
41 years$893$555$333$194$111$7
42 years$862$529$312$179$100$6
43 years$832$504$293$165$91$5
44 years$804$480$275$153$83$4
45 years$778$458$258$141$75$3
46 years$752$437$242$130$68$3
47 years$728$417$228$120$62$2
48 years$705$398$214$111$56$2
49 years$682$380$201$103$51$2
50 years$661$363$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $677,000, adding $4,974 every year, while hoping to spend $50,215 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: 31/46/23 Blend
58$677,000$677,000$677,000$677,000
59$751,185$715,304$704,810$769,002
60$774,377$696,925$674,993$764,592
61$798,252$675,963$642,494$755,012
62$822,827$652,238$607,170$743,669
63$848,117$625,560$568,872$730,443
64$874,140$595,727$527,444$715,204
65$900,911$562,527$482,723$697,817
66$928,449$525,735$434,539$678,138
67$956,767$485,113$382,713$656,017
68$985,884$440,410$327,060$631,293
69$1,015,813$391,359$267,385$603,797
70$1,046,570$337,680$203,487$573,350
71$1,078,169$279,075$135,153$539,765
72$1,110,625$215,232$62,162$502,841
73$1,143,948$145,818$0$462,370
74$1,178,153$70,485$0$421,989
75$1,213,248$0$0$394,135
76$1,249,242$0$0$368,989
77$1,286,144$0$0$379,775
78$1,323,958$0$0$390,816
79$1,362,689$0$0$402,111
80$1,402,335$0$0$413,657
81$1,442,897$0$0$425,454
82$1,484,367$0$0$437,496
83$1,526,738$0$0$449,778
84$1,569,996$0$0$462,295
85$1,614,124$0$0$475,037
86$1,659,098$0$0$487,995
87$1,704,891$0$0$501,157
88$1,751,465$0$0$514,508
89$1,798,780$0$0$528,031
90$1,846,784$0$0$541,706
91$1,895,417$0$0$555,511
92$1,944,608$0$0$569,418
93$1,994,277$0$0$583,396
94$2,044,328$0$0$597,411
95$2,094,654$0$0$611,423
96$2,145,130$0$0$625,385
97$2,195,614$0$0$639,248
98$2,245,945$0$0$652,951
99$2,295,941$0$0$666,430
100$2,345,395$0$0$679,610