Can I retire at age 59 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$56,980$56,472$55,977$55,494$55,022$53,346
2 years$28,208$27,682$27,173$26,680$26,201$24,527
3 years$18,618$18,091$17,583$17,094$16,623$15,003
4 years$13,825$13,299$12,796$12,315$11,856$10,303
5 years$10,949$10,426$9,930$9,459$9,012$7,530
6 years$9,033$8,514$8,025$7,565$7,131$5,722
7 years$7,664$7,150$6,669$6,219$5,800$4,462
8 years$6,639$6,129$5,656$5,217$4,811$3,545
9 years$5,841$5,336$4,871$4,444$4,052$2,856
10 years$5,204$4,704$4,247$3,831$3,452$2,324
11 years$4,682$4,187$3,739$3,334$2,969$1,908
12 years$4,248$3,758$3,318$2,924$2,573$1,575
13 years$3,881$3,396$2,965$2,582$2,244$1,308
14 years$3,567$3,087$2,664$2,292$1,967$1,090
15 years$3,295$2,820$2,405$2,044$1,732$912
16 years$3,057$2,588$2,180$1,830$1,531$765
17 years$2,847$2,383$1,984$1,644$1,357$643
18 years$2,661$2,202$1,811$1,482$1,207$542
19 years$2,495$2,041$1,658$1,339$1,075$457
20 years$2,345$1,896$1,522$1,213$961$386
21 years$2,210$1,766$1,400$1,101$860$327
22 years$2,087$1,649$1,290$1,001$771$277
23 years$1,975$1,542$1,191$911$692$234
24 years$1,873$1,445$1,102$831$622$199
25 years$1,779$1,356$1,020$759$559$169
26 years$1,692$1,274$946$694$504$143
27 years$1,612$1,199$879$635$454$122
28 years$1,538$1,130$817$582$410$103
29 years$1,469$1,066$760$534$370$88
30 years$1,405$1,007$708$490$334$75
31 years$1,345$952$660$450$302$63
32 years$1,288$901$616$413$274$54
33 years$1,236$853$575$380$248$46
34 years$1,186$808$537$350$224$39
35 years$1,140$767$502$322$203$33
36 years$1,096$728$470$297$184$28
37 years$1,055$691$440$273$167$24
38 years$1,015$657$412$252$151$20
39 years$978$625$386$232$137$17
40 years$943$594$362$214$124$15
41 years$910$566$339$198$113$13
42 years$878$539$318$182$102$11
43 years$848$513$299$168$93$9
44 years$820$489$280$155$84$8
45 years$793$467$263$144$77$7
46 years$767$445$247$133$69$6
47 years$742$425$232$123$63$5
48 years$718$406$218$113$57$4
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $690,000, adding $2,987 every year, while hoping to spend $31,496 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: 73/14/13 Blend
58$690,000$690,000$690,000$690,000
59$763,461$726,891$716,196$816,886
60$807,823$728,997$706,677$854,738
61$855,653$730,151$695,784$892,012
62$907,274$730,272$683,437$931,991
63$963,037$729,277$669,552$974,935
64$1,023,329$727,074$654,045$1,021,130
65$1,088,576$723,567$636,823$1,070,892
66$1,159,245$718,657$617,791$1,124,570
67$1,235,851$712,234$596,850$1,182,549
68$1,318,960$704,185$573,896$1,245,252
69$1,409,192$694,389$548,820$1,313,149
70$1,507,233$682,717$521,509$1,386,755
71$1,613,834$669,034$491,843$1,466,639
72$1,729,824$653,195$459,699$1,553,431
73$1,856,114$635,049$424,946$1,647,823
74$1,993,705$614,434$387,449$1,750,580
75$2,143,701$591,180$347,067$1,862,544
76$2,307,315$565,104$303,650$1,984,647
77$2,485,885$536,018$257,046$2,117,914
78$2,680,880$503,717$207,092$2,263,478
79$2,893,919$467,989$153,619$2,422,586
80$3,126,786$428,608$96,452$2,596,617
81$3,381,443$385,334$35,408$2,787,089
82$3,660,049$337,915$0$2,995,678
83$3,964,985$286,084$0$3,228,357
84$4,298,871$229,558$0$3,488,548
85$4,664,590$168,041$0$3,773,612
86$5,065,321$101,218$0$4,086,059
87$5,504,562$28,756$0$4,428,654
88$5,986,166$0$0$4,804,445
89$6,514,379$0$0$5,224,450
90$7,093,875$0$0$5,690,123
91$7,729,802$0$0$6,201,178
92$8,427,834$0$0$6,762,177
93$9,194,216$0$0$7,378,144
94$10,035,832$0$0$8,054,616
95$10,960,263$0$0$8,797,691
96$11,975,861$0$0$9,614,087
97$13,091,825$0$0$10,511,205
98$14,318,292$0$0$11,497,199
99$15,666,428$0$0$12,581,050
100$17,148,536$0$0$13,772,654