Can I retire at age 59 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$55,989$55,490$55,003$54,528$54,065$53,433
2 years$27,717$27,201$26,701$26,216$25,745$25,110
3 years$18,295$17,776$17,277$16,797$16,334$15,714
4 years$13,584$13,067$12,573$12,101$11,649$11,050
5 years$10,759$10,245$9,757$9,295$8,856$8,278
6 years$8,876$8,366$7,885$7,433$7,007$6,453
7 years$7,531$7,026$6,553$6,111$5,699$5,167
8 years$6,523$6,022$5,557$5,126$4,728$4,219
9 years$5,740$5,243$4,787$4,367$3,981$3,496
10 years$5,113$4,622$4,173$3,764$3,392$2,929
11 years$4,601$4,115$3,674$3,276$2,917$2,476
12 years$4,174$3,693$3,260$2,873$2,528$2,109
13 years$3,814$3,337$2,913$2,537$2,205$1,806
14 years$3,505$3,034$2,617$2,252$1,933$1,555
15 years$3,238$2,771$2,363$2,008$1,702$1,344
16 years$3,004$2,543$2,142$1,798$1,504$1,165
17 years$2,798$2,342$1,950$1,616$1,333$1,013
18 years$2,615$2,164$1,780$1,456$1,186$884
19 years$2,451$2,005$1,629$1,316$1,057$772
20 years$2,304$1,863$1,495$1,192$944$676
21 years$2,172$1,736$1,375$1,081$845$592
22 years$2,051$1,620$1,268$983$757$520
23 years$1,941$1,515$1,170$895$680$457
24 years$1,840$1,420$1,082$817$611$402
25 years$1,748$1,332$1,003$746$550$354
26 years$1,663$1,252$930$682$495$312
27 years$1,584$1,179$863$624$446$275
28 years$1,511$1,111$803$572$403$243
29 years$1,443$1,048$747$524$364$215
30 years$1,380$989$696$481$329$190
31 years$1,321$935$649$442$297$167
32 years$1,266$885$605$406$269$148
33 years$1,214$838$565$374$243$131
34 years$1,166$794$528$344$220$116
35 years$1,120$753$494$316$199$102
36 years$1,077$715$462$291$181$91
37 years$1,036$679$432$269$164$80
38 years$998$645$405$248$149$71
39 years$961$614$379$228$135$63
40 years$927$584$355$210$122$56
41 years$894$556$333$194$111$49
42 years$863$529$313$179$101$44
43 years$834$504$293$165$91$39
44 years$806$481$275$153$83$34
45 years$779$458$259$141$75$30
46 years$753$437$243$130$68$27
47 years$729$417$228$120$62$24
48 years$706$398$214$111$56$21
49 years$683$381$202$103$51$19
50 years$662$363$189$95$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $678,000, adding $6,105 every year, while hoping to spend $33,838 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: 45/42/13 Blend
58$678,000$678,000$678,000$678,000
59$753,453$717,519$707,010$784,306
60$794,302$716,674$694,692$805,532
61$838,184$714,654$680,826$824,621
62$885,371$711,365$665,327$844,572
63$936,165$706,708$648,101$865,480
64$990,895$700,578$629,054$887,449
65$1,049,924$692,863$608,085$910,596
66$1,113,649$683,447$585,089$935,053
67$1,182,508$672,203$559,956$960,966
68$1,256,982$658,998$532,573$988,501
69$1,337,599$643,694$502,818$1,017,841
70$1,424,939$626,140$470,568$1,049,193
71$1,519,641$606,180$435,691$1,082,785
72$1,622,408$583,646$398,050$1,118,875
73$1,734,012$558,363$357,503$1,157,749
74$1,855,302$530,143$313,900$1,199,726
75$1,987,213$498,790$267,085$1,245,161
76$2,130,773$464,095$216,897$1,294,451
77$2,287,113$425,837$163,164$1,348,037
78$2,457,478$383,783$105,710$1,406,410
79$2,643,239$337,686$44,349$1,470,116
80$2,845,903$287,287$0$1,539,762
81$3,067,129$232,308$0$1,618,953
82$3,308,746$172,461$0$1,712,265
83$3,572,764$107,437$0$1,814,401
84$3,861,397$36,913$0$1,926,316
85$4,177,083$0$0$2,049,067
86$4,522,507$0$0$2,202,061
87$4,900,624$0$0$2,388,289
88$5,314,689$0$0$2,592,303
89$5,768,286$0$0$2,815,879
90$6,265,362$0$0$3,060,974
91$6,810,263$0$0$3,329,741
92$7,407,779$0$0$3,624,554
93$8,063,182$0$0$3,948,026
94$8,782,280$0$0$4,303,035
95$9,571,470$0$0$4,692,754
96$10,437,800$0$0$5,120,674
97$11,389,031$0$0$5,590,644
98$12,433,716$0$0$6,106,902
99$13,581,272$0$0$6,674,117
100$14,842,079$0$0$7,297,435