Can I retire at age 59 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$56,484$55,981$55,490$55,011$54,543$54,109
2 years$27,962$27,442$26,937$26,448$25,973$25,535
3 years$18,456$17,933$17,430$16,945$16,478$16,050
4 years$13,704$13,183$12,685$12,208$11,752$11,338
5 years$10,854$10,336$9,844$9,377$8,934$8,534
6 years$8,954$8,440$7,955$7,499$7,069$6,684
7 years$7,598$7,088$6,611$6,165$5,749$5,380
8 years$6,581$6,075$5,606$5,172$4,769$4,415
9 years$5,790$5,290$4,829$4,405$4,017$3,678
10 years$5,158$4,663$4,210$3,797$3,422$3,098
11 years$4,642$4,151$3,706$3,305$2,943$2,634
12 years$4,211$3,726$3,289$2,899$2,551$2,256
13 years$3,848$3,367$2,939$2,559$2,224$1,943
14 years$3,536$3,060$2,640$2,272$1,950$1,683
15 years$3,266$2,796$2,384$2,026$1,717$1,463
16 years$3,030$2,565$2,161$1,814$1,517$1,277
17 years$2,823$2,362$1,967$1,630$1,345$1,117
18 years$2,638$2,183$1,795$1,469$1,196$980
19 years$2,473$2,023$1,644$1,327$1,066$862
20 years$2,325$1,880$1,508$1,202$952$760
21 years$2,191$1,751$1,388$1,091$852$671
22 years$2,069$1,635$1,279$992$764$593
23 years$1,958$1,529$1,181$903$686$524
24 years$1,857$1,432$1,092$824$616$465
25 years$1,763$1,344$1,011$752$555$412
26 years$1,678$1,263$938$688$500$366
27 years$1,598$1,189$871$630$450$325
28 years$1,524$1,120$810$577$406$289
29 years$1,456$1,057$754$529$367$257
30 years$1,392$998$702$486$332$229
31 years$1,333$944$654$446$300$204
32 years$1,277$893$611$410$271$181
33 years$1,225$846$570$377$245$162
34 years$1,176$801$533$347$222$144
35 years$1,130$760$498$319$201$128
36 years$1,086$721$466$294$182$114
37 years$1,045$685$436$271$165$102
38 years$1,007$651$408$250$150$91
39 years$970$619$383$230$136$81
40 years$935$589$359$212$123$73
41 years$902$561$336$196$112$65
42 years$871$534$315$181$101$58
43 years$841$509$296$167$92$52
44 years$813$485$278$154$84$46
45 years$786$463$261$142$76$41
46 years$760$441$245$131$69$37
47 years$735$421$230$121$63$33
48 years$712$402$216$112$57$29
49 years$689$384$203$104$52$26
50 years$668$367$191$96$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $684,000, adding $3,352 every year, while hoping to spend $59,457 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: 46/39/15 Blend
58$684,000$684,000$684,000$684,000
59$757,226$720,974$710,372$788,690
60$771,201$693,040$670,907$782,969
61$784,609$661,744$628,128$770,472
62$797,329$626,859$581,860$755,622
63$809,226$588,145$531,922$738,224
64$820,150$545,347$478,124$718,067
65$829,932$498,196$420,268$694,927
66$838,384$446,407$358,147$668,559
67$845,299$389,680$291,544$638,703
68$850,443$327,698$220,234$605,074
69$853,558$260,125$143,982$567,368
70$854,356$186,606$62,540$525,257
71$852,518$106,767$0$478,386
72$847,689$20,214$0$430,273
73$839,477$0$0$387,540
74$827,445$0$0$371,295
75$811,110$0$0$361,497
76$789,935$0$0$349,199
77$763,327$0$0$334,097
78$730,629$0$0$315,857
79$691,114$0$0$294,109
80$643,975$0$0$268,442
81$588,323$0$0$238,404
82$523,172$0$0$203,493
83$447,433$0$0$163,155
84$359,903$0$0$116,779
85$259,249$0$0$63,687
86$144,002$0$0$3,132
87$12,536$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0