Can I retire at age 59 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$57,062$56,554$56,058$55,574$55,101$53,791
2 years$28,249$27,722$27,213$26,718$26,239$24,926
3 years$18,645$18,117$17,608$17,119$16,647$15,373
4 years$13,845$13,318$12,814$12,333$11,873$10,648
5 years$10,965$10,441$9,944$9,473$9,025$7,853
6 years$9,046$8,526$8,037$7,576$7,142$6,022
7 years$7,676$7,160$6,678$6,228$5,808$4,742
8 years$6,648$6,138$5,664$5,225$4,818$3,805
9 years$5,850$5,344$4,878$4,450$4,058$3,097
10 years$5,211$4,710$4,253$3,836$3,457$2,548
11 years$4,689$4,193$3,744$3,339$2,973$2,114
12 years$4,255$3,764$3,323$2,928$2,577$1,765
13 years$3,887$3,401$2,969$2,585$2,247$1,482
14 years$3,572$3,092$2,668$2,295$1,970$1,250
15 years$3,300$2,824$2,408$2,047$1,734$1,059
16 years$3,061$2,591$2,184$1,833$1,533$899
17 years$2,851$2,386$1,987$1,647$1,359$765
18 years$2,665$2,205$1,814$1,484$1,208$653
19 years$2,498$2,044$1,660$1,341$1,077$558
20 years$2,348$1,899$1,524$1,214$962$477
21 years$2,213$1,769$1,402$1,102$861$409
22 years$2,090$1,651$1,292$1,002$772$351
23 years$1,978$1,544$1,193$913$693$301
24 years$1,876$1,447$1,103$832$623$259
25 years$1,782$1,358$1,022$760$560$223
26 years$1,695$1,276$948$695$505$192
27 years$1,614$1,201$880$636$455$165
28 years$1,540$1,132$818$583$411$142
29 years$1,471$1,068$761$535$371$122
30 years$1,407$1,008$709$491$335$106
31 years$1,346$953$661$451$303$91
32 years$1,290$902$617$414$274$78
33 years$1,237$854$576$381$248$68
34 years$1,188$810$538$350$224$58
35 years$1,141$768$503$323$203$50
36 years$1,097$729$471$297$184$43
37 years$1,056$692$440$274$167$38
38 years$1,017$658$412$252$151$32
39 years$980$626$386$233$137$28
40 years$945$595$362$215$124$24
41 years$911$567$340$198$113$21
42 years$880$540$319$183$102$18
43 years$850$514$299$169$93$16
44 years$821$490$281$156$84$13
45 years$794$467$264$144$77$12
46 years$768$446$247$133$70$10
47 years$743$425$233$123$63$9
48 years$719$406$218$113$57$7
49 years$696$388$205$105$52$6
50 years$675$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $691,000, adding $3,121 every year, while hoping to spend $52,013 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: 59/31/10 Blend
58$691,000$691,000$691,000$691,000
59$764,701$728,078$717,368$807,844
60$787,359$708,413$686,058$817,555
61$810,585$686,040$651,956$821,993
62$834,382$660,773$614,914$825,562
63$858,752$632,414$574,776$828,182
64$883,693$600,751$531,380$829,768
65$909,206$565,563$484,557$830,229
66$935,285$526,616$434,130$829,468
67$961,924$483,660$379,913$827,382
68$989,114$436,434$321,714$823,859
69$1,016,844$384,659$259,332$818,780
70$1,045,097$328,043$192,555$812,019
71$1,073,856$266,275$121,164$803,440
72$1,103,095$199,029$44,929$792,897
73$1,132,788$125,959$0$780,236
74$1,162,901$46,699$0$769,177
75$1,193,394$0$0$761,024
76$1,224,221$0$0$764,166
77$1,255,330$0$0$783,390
78$1,286,658$0$0$802,726
79$1,318,135$0$0$822,126
80$1,349,680$0$0$841,537
81$1,381,201$0$0$860,897
82$1,412,593$0$0$880,138
83$1,443,739$0$0$899,182
84$1,474,505$0$0$917,941
85$1,504,738$0$0$936,314
86$1,534,270$0$0$954,191
87$1,562,910$0$0$971,447
88$1,590,444$0$0$987,940
89$1,616,632$0$0$1,003,513
90$1,641,206$0$0$1,017,992
91$1,663,866$0$0$1,031,179
92$1,684,279$0$0$1,042,855
93$1,702,070$0$0$1,052,778
94$1,716,825$0$0$1,060,674
95$1,728,081$0$0$1,066,242
96$1,735,323$0$0$1,069,145
97$1,737,980$0$0$1,069,010
98$1,735,416$0$0$1,065,422
99$1,726,926$0$0$1,057,920
100$1,711,726$0$0$1,045,994