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%13.4%
1 years$57,062$56,554$56,058$55,574$55,101$54,323
2 years$28,249$27,722$27,213$26,718$26,239$25,456
3 years$18,645$18,117$17,608$17,119$16,647$15,884
4 years$13,845$13,318$12,814$12,333$11,873$11,136
5 years$10,965$10,441$9,944$9,473$9,025$8,317
6 years$9,046$8,526$8,037$7,576$7,142$6,461
7 years$7,676$7,160$6,678$6,228$5,808$5,157
8 years$6,648$6,138$5,664$5,225$4,818$4,196
9 years$5,850$5,344$4,878$4,450$4,058$3,464
10 years$5,211$4,710$4,253$3,836$3,457$2,892
11 years$4,689$4,193$3,744$3,339$2,973$2,436
12 years$4,255$3,764$3,323$2,928$2,577$2,067
13 years$3,887$3,401$2,969$2,585$2,247$1,763
14 years$3,572$3,092$2,668$2,295$1,970$1,512
15 years$3,300$2,824$2,408$2,047$1,734$1,301
16 years$3,061$2,591$2,184$1,833$1,533$1,124
17 years$2,851$2,386$1,987$1,647$1,359$973
18 years$2,665$2,205$1,814$1,484$1,208$845
19 years$2,498$2,044$1,660$1,341$1,077$735
20 years$2,348$1,899$1,524$1,214$962$640
21 years$2,213$1,769$1,402$1,102$861$559
22 years$2,090$1,651$1,292$1,002$772$488
23 years$1,978$1,544$1,193$913$693$427
24 years$1,876$1,447$1,103$832$623$374
25 years$1,782$1,358$1,022$760$560$328
26 years$1,695$1,276$948$695$505$288
27 years$1,614$1,201$880$636$455$253
28 years$1,540$1,132$818$583$411$222
29 years$1,471$1,068$761$535$371$195
30 years$1,407$1,008$709$491$335$171
31 years$1,346$953$661$451$303$151
32 years$1,290$902$617$414$274$133
33 years$1,237$854$576$381$248$117
34 years$1,188$810$538$350$224$103
35 years$1,141$768$503$323$203$90
36 years$1,097$729$471$297$184$80
37 years$1,056$692$440$274$167$70
38 years$1,017$658$412$252$151$62
39 years$980$626$386$233$137$54
40 years$945$595$362$215$124$48
41 years$911$567$340$198$113$42
42 years$880$540$319$183$102$37
43 years$850$514$299$169$93$33
44 years$821$490$281$156$84$29
45 years$794$467$264$144$77$25
46 years$768$446$247$133$70$22
47 years$743$425$233$123$63$20
48 years$719$406$218$113$57$17
49 years$696$388$205$105$52$15
50 years$675$370$193$97$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $691,000, adding $5,258 every year, while hoping to spend $50,455 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: 46/32/22 Blend
58$691,000$691,000$691,000$691,000
59$766,906$730,283$719,572$797,131
60$791,446$712,383$689,994$800,973
61$816,799$691,915$657,734$799,737
62$842,993$668,699$622,649$797,368
63$870,060$642,547$584,590$793,782
64$898,032$613,258$543,399$788,894
65$926,943$580,619$498,914$782,613
66$956,828$544,406$450,965$774,842
67$987,724$504,382$399,372$765,480
68$1,019,671$460,295$343,949$754,421
69$1,052,709$411,881$284,503$741,552
70$1,086,881$358,859$220,830$726,756
71$1,122,233$300,933$152,718$709,906
72$1,158,812$237,791$79,945$690,874
73$1,196,669$169,100$2,281$669,519
74$1,235,856$94,513$0$645,698
75$1,276,430$13,661$0$638,179
76$1,318,450$0$0$629,681
77$1,361,978$0$0$645,567
78$1,407,082$0$0$667,018
79$1,453,830$0$0$689,258
80$1,502,299$0$0$712,325
81$1,552,566$0$0$736,256
82$1,604,718$0$0$761,094
83$1,658,844$0$0$786,881
84$1,715,039$0$0$813,666
85$1,773,407$0$0$841,499
86$1,834,056$0$0$870,432
87$1,897,104$0$0$900,525
88$1,962,676$0$0$931,839
89$2,030,906$0$0$964,439
90$2,101,939$0$0$998,397
91$2,175,930$0$0$1,033,791
92$2,253,045$0$0$1,070,701
93$2,333,464$0$0$1,109,217
94$2,417,379$0$0$1,149,435
95$2,505,000$0$0$1,191,458
96$2,596,551$0$0$1,235,399
97$2,692,275$0$0$1,281,377
98$2,792,436$0$0$1,329,524
99$2,897,319$0$0$1,379,981
100$3,007,231$0$0$1,432,903