Can I retire at age 59 with 684,000?

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 $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%15.3%
1 years$56,484$55,981$55,490$55,011$54,543$53,355
2 years$27,962$27,442$26,937$26,448$25,973$24,782
3 years$18,456$17,933$17,430$16,945$16,478$15,321
4 years$13,704$13,183$12,685$12,208$11,752$10,639
5 years$10,854$10,336$9,844$9,377$8,934$7,866
6 years$8,954$8,440$7,955$7,499$7,069$6,049
7 years$7,598$7,088$6,611$6,165$5,749$4,777
8 years$6,581$6,075$5,606$5,172$4,769$3,844
9 years$5,790$5,290$4,829$4,405$4,017$3,138
10 years$5,158$4,663$4,210$3,797$3,422$2,590
11 years$4,642$4,151$3,706$3,305$2,943$2,155
12 years$4,211$3,726$3,289$2,899$2,551$1,806
13 years$3,848$3,367$2,939$2,559$2,224$1,522
14 years$3,536$3,060$2,640$2,272$1,950$1,288
15 years$3,266$2,796$2,384$2,026$1,717$1,094
16 years$3,030$2,565$2,161$1,814$1,517$932
17 years$2,823$2,362$1,967$1,630$1,345$797
18 years$2,638$2,183$1,795$1,469$1,196$682
19 years$2,473$2,023$1,644$1,327$1,066$585
20 years$2,325$1,880$1,508$1,202$952$503
21 years$2,191$1,751$1,388$1,091$852$432
22 years$2,069$1,635$1,279$992$764$372
23 years$1,958$1,529$1,181$903$686$321
24 years$1,857$1,432$1,092$824$616$277
25 years$1,763$1,344$1,011$752$555$239
26 years$1,678$1,263$938$688$500$207
27 years$1,598$1,189$871$630$450$179
28 years$1,524$1,120$810$577$406$154
29 years$1,456$1,057$754$529$367$134
30 years$1,392$998$702$486$332$116
31 years$1,333$944$654$446$300$100
32 years$1,277$893$611$410$271$87
33 years$1,225$846$570$377$245$75
34 years$1,176$801$533$347$222$65
35 years$1,130$760$498$319$201$56
36 years$1,086$721$466$294$182$49
37 years$1,045$685$436$271$165$42
38 years$1,007$651$408$250$150$37
39 years$970$619$383$230$136$32
40 years$935$589$359$212$123$28
41 years$902$561$336$196$112$24
42 years$871$534$315$181$101$21
43 years$841$509$296$167$92$18
44 years$813$485$278$154$84$16
45 years$786$463$261$142$76$13
46 years$760$441$245$131$69$12
47 years$735$421$230$121$63$10
48 years$712$402$216$112$57$9
49 years$689$384$203$104$52$8
50 years$668$367$191$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $684,000, adding $4,863 every year, while hoping to spend $20,447 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: 45/47/8 Blend
58$684,000$684,000$684,000$684,000
59$758,784$722,532$711,930$791,014
60$814,425$736,181$714,024$827,426
61$875,055$749,813$715,503$864,385
62$941,163$763,406$716,325$903,988
63$1,013,285$776,936$716,445$946,487
64$1,092,011$790,377$715,817$992,156
65$1,177,992$803,701$714,393$1,041,300
66$1,271,942$816,877$712,120$1,094,256
67$1,374,650$829,874$708,945$1,151,393
68$1,486,982$842,656$704,813$1,213,120
69$1,609,894$855,186$699,664$1,279,887
70$1,744,437$867,424$693,437$1,352,190
71$1,891,769$879,327$686,066$1,430,578
72$2,053,165$890,850$677,485$1,515,655
73$2,230,029$901,943$667,622$1,608,087
74$2,423,908$912,553$656,403$1,708,608
75$2,636,504$922,626$643,750$1,818,031
76$2,869,694$932,101$629,582$1,937,248
77$3,125,544$940,915$613,814$2,067,246
78$3,406,329$949,000$596,357$2,209,113
79$3,714,557$956,283$577,117$2,364,049
80$4,052,988$962,688$555,997$2,533,378
81$4,424,666$968,132$532,896$2,718,558
82$4,832,940$972,528$507,706$2,921,200
83$5,281,502$975,785$480,316$3,143,080
84$5,774,419$977,802$450,611$3,386,156
85$6,316,171$978,475$418,467$3,652,589
86$6,911,694$977,694$383,759$3,944,760
87$7,566,425$975,339$346,353$4,265,297
88$8,286,355$971,286$306,111$4,617,098
89$9,078,085$965,401$262,888$5,003,359
90$9,948,887$957,543$216,532$5,427,604
91$10,906,773$947,562$166,886$5,893,718
92$11,960,572$935,300$113,784$6,405,989
93$13,120,009$920,588$57,054$6,969,142
94$14,395,801$903,249$0$7,588,390
95$15,799,757$883,092$0$8,269,777
96$17,344,888$859,919$0$9,024,560
97$19,045,528$833,517$0$9,854,868
98$20,917,476$803,663$0$10,768,423
99$22,978,134$770,119$0$11,773,741
100$25,246,683$732,634$0$12,880,208