Can I retire at age 59 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$56,649$56,145$55,652$55,172$54,703$52,804
2 years$28,044$27,522$27,016$26,525$26,049$24,155
3 years$18,510$17,986$17,481$16,995$16,526$14,698
4 years$13,744$13,222$12,722$12,244$11,787$10,037
5 years$10,886$10,366$9,873$9,404$8,960$7,294
6 years$8,980$8,464$7,978$7,521$7,090$5,509
7 years$7,620$7,108$6,630$6,183$5,766$4,269
8 years$6,600$6,093$5,623$5,187$4,783$3,370
9 years$5,807$5,305$4,843$4,418$4,028$2,696
10 years$5,174$4,676$4,222$3,808$3,432$2,180
11 years$4,655$4,163$3,717$3,315$2,952$1,776
12 years$4,224$3,737$3,299$2,907$2,558$1,456
13 years$3,859$3,377$2,947$2,567$2,231$1,200
14 years$3,546$3,069$2,648$2,278$1,955$993
15 years$3,276$2,804$2,391$2,032$1,722$824
16 years$3,039$2,573$2,168$1,819$1,522$686
17 years$2,831$2,369$1,973$1,635$1,349$572
18 years$2,646$2,189$1,801$1,473$1,200$478
19 years$2,480$2,029$1,648$1,331$1,069$400
20 years$2,331$1,885$1,513$1,206$955$335
21 years$2,197$1,756$1,392$1,094$855$281
22 years$2,075$1,639$1,283$995$766$236
23 years$1,964$1,533$1,184$906$688$198
24 years$1,862$1,437$1,095$826$618$167
25 years$1,769$1,348$1,014$755$556$140
26 years$1,682$1,267$941$690$501$118
27 years$1,603$1,192$874$632$452$99
28 years$1,529$1,124$812$579$408$83
29 years$1,460$1,060$756$531$368$70
30 years$1,396$1,001$704$487$333$59
31 years$1,337$946$656$447$301$50
32 years$1,281$895$612$411$272$42
33 years$1,229$848$572$378$246$35
34 years$1,179$804$534$348$223$30
35 years$1,133$762$499$320$202$25
36 years$1,090$724$467$295$183$21
37 years$1,048$687$437$272$166$18
38 years$1,010$653$409$250$150$15
39 years$973$621$384$231$136$13
40 years$938$591$360$213$124$11
41 years$905$562$337$196$112$9
42 years$873$536$316$181$102$8
43 years$844$510$297$167$92$6
44 years$815$486$279$155$84$5
45 years$788$464$262$143$76$5
46 years$762$443$246$132$69$4
47 years$737$422$231$122$63$3
48 years$714$403$217$113$57$3
49 years$691$385$204$104$52$2
50 years$670$368$192$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $686,000, adding $5,424 every year, while hoping to spend $50,807 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: 40/37/23 Blend
58$686,000$686,000$686,000$686,000
59$761,567$725,209$714,576$786,659
60$785,188$706,686$684,456$786,698
61$809,517$685,552$651,624$781,528
62$834,570$661,627$615,936$774,919
63$860,366$634,717$577,240$766,769
64$886,926$604,620$535,380$756,968
65$914,266$571,121$490,189$745,404
66$942,407$533,991$441,496$731,955
67$971,367$492,991$389,120$716,494
68$1,001,165$447,866$332,875$698,886
69$1,031,820$398,348$272,562$678,988
70$1,063,351$344,152$207,978$656,650
71$1,095,776$284,979$138,909$631,713
72$1,129,113$220,511$65,130$604,008
73$1,163,380$150,414$0$573,358
74$1,198,594$74,333$0$542,915
75$1,234,771$0$0$526,416
76$1,271,926$0$0$511,013
77$1,310,074$0$0$526,265
78$1,349,229$0$0$541,911
79$1,389,401$0$0$557,955
80$1,430,602$0$0$574,399
81$1,472,838$0$0$591,246
82$1,516,116$0$0$608,497
83$1,560,440$0$0$626,151
84$1,605,810$0$0$644,207
85$1,652,223$0$0$662,661
86$1,699,673$0$0$681,509
87$1,748,148$0$0$700,745
88$1,797,634$0$0$720,358
89$1,848,110$0$0$740,339
90$1,899,548$0$0$760,672
91$1,951,915$0$0$781,341
92$2,005,171$0$0$802,325
93$2,059,264$0$0$823,601
94$2,114,136$0$0$845,138
95$2,169,717$0$0$866,905
96$2,225,925$0$0$888,862
97$2,282,666$0$0$910,965
98$2,339,830$0$0$933,163
99$2,397,291$0$0$955,398
100$2,454,905$0$0$977,602