Can I retire at age 59 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$56,071$55,572$55,084$54,609$54,144$53,758
2 years$27,758$27,241$26,740$26,254$25,783$25,394
3 years$18,322$17,802$17,303$16,821$16,358$15,977
4 years$13,604$13,087$12,592$12,119$11,667$11,298
5 years$10,775$10,260$9,772$9,308$8,869$8,513
6 years$8,889$8,378$7,897$7,444$7,018$6,675
7 years$7,542$7,036$6,562$6,120$5,707$5,378
8 years$6,533$6,031$5,566$5,134$4,735$4,419
9 years$5,748$5,251$4,794$4,373$3,987$3,685
10 years$5,121$4,629$4,179$3,770$3,397$3,108
11 years$4,608$4,121$3,679$3,281$2,922$2,646
12 years$4,181$3,698$3,265$2,878$2,532$2,269
13 years$3,819$3,342$2,917$2,541$2,208$1,957
14 years$3,510$3,038$2,621$2,255$1,935$1,697
15 years$3,242$2,775$2,367$2,011$1,704$1,477
16 years$3,008$2,546$2,146$1,801$1,506$1,291
17 years$2,802$2,345$1,952$1,618$1,335$1,131
18 years$2,619$2,167$1,782$1,458$1,187$994
19 years$2,455$2,008$1,632$1,318$1,058$875
20 years$2,308$1,866$1,497$1,193$945$772
21 years$2,175$1,738$1,377$1,083$846$683
22 years$2,054$1,623$1,269$985$758$604
23 years$1,944$1,518$1,172$897$681$536
24 years$1,843$1,422$1,084$818$612$475
25 years$1,751$1,334$1,004$747$551$422
26 years$1,665$1,254$931$683$496$375
27 years$1,586$1,180$865$625$447$334
28 years$1,513$1,112$804$573$403$297
29 years$1,445$1,049$748$525$364$265
30 years$1,382$991$697$482$329$236
31 years$1,323$937$650$443$298$211
32 years$1,268$886$606$407$269$188
33 years$1,216$839$566$374$244$168
34 years$1,167$795$529$344$221$150
35 years$1,122$755$494$317$200$134
36 years$1,078$716$462$292$181$119
37 years$1,038$680$433$269$164$107
38 years$999$646$405$248$149$95
39 years$963$615$380$229$135$85
40 years$928$585$356$211$122$76
41 years$896$557$334$194$111$68
42 years$864$530$313$179$101$61
43 years$835$505$294$166$91$54
44 years$807$482$276$153$83$49
45 years$780$459$259$141$75$44
46 years$754$438$243$131$68$39
47 years$730$418$228$121$62$35
48 years$707$399$215$111$56$31
49 years$684$381$202$103$51$28
50 years$663$364$190$95$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $679,000, adding $2,313 every year, while hoping to spend $28,762 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: 64/11/25 Blend
58$679,000$679,000$679,000$679,000
59$750,644$714,657$704,132$793,620
60$796,607$719,073$697,118$827,342
61$846,294$722,741$688,905$860,763
62$900,056$725,594$679,423$896,637
63$958,275$727,562$668,597$935,209
64$1,021,374$728,568$656,350$976,747
65$1,089,819$728,531$642,602$1,021,550
66$1,164,118$727,368$627,268$1,069,945
67$1,244,836$724,986$610,259$1,122,295
68$1,332,589$721,290$591,482$1,179,002
69$1,428,057$716,178$570,841$1,240,509
70$1,531,989$709,540$548,234$1,307,303
71$1,645,207$701,263$523,555$1,379,926
72$1,768,618$691,225$496,694$1,458,974
73$1,903,217$679,295$467,534$1,545,104
74$2,050,104$665,339$435,954$1,639,045
75$2,210,484$649,211$401,829$1,741,597
76$2,385,689$630,757$365,025$1,853,648
77$2,577,181$609,816$325,405$1,976,176
78$2,786,572$586,215$282,825$2,110,259
79$3,015,636$559,774$237,133$2,257,090
80$3,266,327$530,299$188,173$2,417,983
81$3,540,796$497,587$135,781$2,594,391
82$3,841,412$461,423$79,784$2,787,914
83$4,170,783$421,581$20,004$3,000,321
84$4,531,783$377,818$0$3,233,562
85$4,927,576$329,883$0$3,501,470
86$5,361,647$277,505$0$3,801,192
87$5,837,834$220,401$0$4,130,061
88$6,360,364$158,273$0$4,491,023
89$6,933,896$90,802$0$4,887,326
90$7,563,558$17,657$0$5,322,549
91$8,255,002$0$0$5,800,636
92$9,014,451$0$0$6,333,380
93$9,848,764$0$0$6,921,038
94$10,765,494$0$0$7,566,798
95$11,772,964$0$0$8,276,531
96$12,880,341$0$0$9,056,701
97$14,097,726$0$0$9,914,431
98$15,436,248$0$0$10,857,568
99$16,908,166$0$0$11,894,760
100$18,526,989$0$0$13,035,531