Can I retire at age 59 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$56,319$55,817$55,328$54,850$54,384$52,412
2 years$27,881$27,361$26,858$26,370$25,897$23,933
3 years$18,402$17,881$17,379$16,896$16,430$14,534
4 years$13,664$13,144$12,647$12,172$11,718$9,905
5 years$10,822$10,305$9,815$9,350$8,908$7,183
6 years$8,928$8,415$7,932$7,477$7,049$5,413
7 years$7,576$7,067$6,591$6,147$5,732$4,185
8 years$6,562$6,058$5,590$5,157$4,756$3,296
9 years$5,774$5,274$4,815$4,392$4,005$2,631
10 years$5,143$4,649$4,198$3,786$3,412$2,121
11 years$4,628$4,139$3,696$3,295$2,935$1,724
12 years$4,199$3,715$3,280$2,890$2,543$1,410
13 years$3,836$3,357$2,930$2,552$2,218$1,158
14 years$3,526$3,051$2,633$2,265$1,944$956
15 years$3,257$2,788$2,377$2,020$1,712$791
16 years$3,022$2,558$2,155$1,809$1,513$656
17 years$2,814$2,355$1,961$1,625$1,341$546
18 years$2,630$2,177$1,790$1,465$1,193$455
19 years$2,466$2,017$1,639$1,323$1,063$379
20 years$2,318$1,874$1,504$1,199$950$317
21 years$2,184$1,746$1,383$1,088$850$265
22 years$2,063$1,630$1,275$989$762$222
23 years$1,952$1,524$1,177$901$684$186
24 years$1,851$1,428$1,089$822$615$156
25 years$1,758$1,340$1,008$750$553$130
26 years$1,673$1,260$935$686$498$109
27 years$1,593$1,185$868$628$449$92
28 years$1,520$1,117$807$575$405$77
29 years$1,452$1,054$751$528$366$65
30 years$1,388$995$700$484$331$54
31 years$1,329$941$652$445$299$46
32 years$1,273$890$609$409$270$38
33 years$1,221$843$568$376$245$32
34 years$1,172$799$531$346$222$27
35 years$1,127$758$497$318$201$23
36 years$1,083$719$464$293$182$19
37 years$1,042$683$435$270$165$16
38 years$1,004$649$407$249$149$13
39 years$967$617$381$230$135$11
40 years$932$587$358$212$123$9
41 years$900$559$335$195$111$8
42 years$868$533$314$180$101$7
43 years$839$507$295$166$92$6
44 years$810$484$277$154$83$5
45 years$783$461$260$142$76$4
46 years$758$440$244$131$69$3
47 years$733$420$229$121$62$3
48 years$710$401$216$112$57$2
49 years$687$383$203$103$51$2
50 years$666$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $682,000, adding $4,646 every year, while hoping to spend $50,057 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: 37/46/17 Blend
58$682,000$682,000$682,000$682,000
59$756,356$720,210$709,639$780,291
60$780,244$702,240$680,152$780,009
61$804,891$681,712$647,999$774,615
62$830,322$658,448$613,039$767,729
63$856,561$632,258$575,122$759,246
64$883,635$602,944$534,094$749,054
65$911,572$570,294$489,792$737,031
66$940,399$534,085$442,046$723,054
67$970,146$494,081$390,681$706,988
68$1,000,842$450,033$335,510$688,693
69$1,032,519$401,675$276,341$668,021
70$1,065,210$348,731$212,972$644,815
71$1,098,947$290,904$145,192$618,910
72$1,133,765$227,885$72,782$590,131
73$1,169,701$159,343$0$558,293
74$1,206,792$84,931$0$524,019
75$1,245,075$4,284$0$500,429
76$1,284,593$0$0$474,137
77$1,325,385$0$0$486,969
78$1,367,496$0$0$502,456
79$1,410,970$0$0$518,446
80$1,455,854$0$0$534,956
81$1,502,197$0$0$552,004
82$1,550,048$0$0$569,609
83$1,599,462$0$0$587,791
84$1,650,492$0$0$606,570
85$1,703,195$0$0$625,968
86$1,757,631$0$0$646,006
87$1,813,862$0$0$666,708
88$1,871,952$0$0$688,098
89$1,931,970$0$0$710,202
90$1,993,986$0$0$733,046
91$2,058,073$0$0$756,657
92$2,124,309$0$0$781,065
93$2,192,774$0$0$806,301
94$2,263,555$0$0$832,396
95$2,336,740$0$0$859,384
96$2,412,422$0$0$887,300
97$2,490,699$0$0$916,183
98$2,571,675$0$0$946,070
99$2,655,460$0$0$977,003
100$2,742,166$0$0$1,009,026