Can I retire at age 59 with 692,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$57,145$56,636$56,139$55,654$55,181$53,034
2 years$28,289$27,763$27,252$26,757$26,277$24,139
3 years$18,672$18,143$17,634$17,143$16,671$14,611
4 years$13,865$13,337$12,833$12,351$11,890$9,922
5 years$10,981$10,456$9,959$9,487$9,039$7,169
6 years$9,059$8,539$8,048$7,587$7,152$5,381
7 years$7,687$7,171$6,688$6,237$5,816$4,144
8 years$6,658$6,147$5,672$5,232$4,825$3,250
9 years$5,858$5,352$4,885$4,457$4,064$2,583
10 years$5,219$4,717$4,259$3,842$3,462$2,073
11 years$4,696$4,199$3,750$3,344$2,978$1,677
12 years$4,261$3,769$3,328$2,933$2,580$1,365
13 years$3,893$3,406$2,973$2,589$2,250$1,117
14 years$3,577$3,096$2,671$2,298$1,973$917
15 years$3,304$2,828$2,412$2,050$1,737$755
16 years$3,066$2,595$2,187$1,835$1,535$623
17 years$2,856$2,390$1,990$1,649$1,361$516
18 years$2,669$2,208$1,816$1,486$1,210$427
19 years$2,502$2,047$1,663$1,343$1,079$355
20 years$2,352$1,902$1,526$1,216$963$295
21 years$2,216$1,772$1,404$1,104$862$245
22 years$2,093$1,654$1,294$1,004$773$204
23 years$1,981$1,547$1,195$914$694$170
24 years$1,878$1,449$1,105$834$624$141
25 years$1,784$1,360$1,023$761$561$118
26 years$1,697$1,278$949$696$505$98
27 years$1,617$1,203$881$637$456$82
28 years$1,542$1,133$819$584$411$68
29 years$1,473$1,069$762$535$371$57
30 years$1,409$1,010$710$491$335$48
31 years$1,348$955$662$451$303$40
32 years$1,292$903$618$415$274$33
33 years$1,239$855$577$381$248$28
34 years$1,190$811$539$351$225$23
35 years$1,143$769$504$323$204$19
36 years$1,099$730$471$297$184$16
37 years$1,058$693$441$274$167$13
38 years$1,018$659$413$253$152$11
39 years$981$626$387$233$137$9
40 years$946$596$363$215$125$8
41 years$913$567$340$198$113$7
42 years$881$540$319$183$103$5
43 years$851$515$299$169$93$5
44 years$822$491$281$156$85$4
45 years$795$468$264$144$77$3
46 years$769$446$248$133$70$3
47 years$744$426$233$123$63$2
48 years$720$407$219$114$57$2
49 years$697$388$206$105$52$2
50 years$676$371$193$97$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $692,000, adding $3,281 every year, while hoping to spend $42,254 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: 45/34/21 Blend
58$692,000$692,000$692,000$692,000
59$765,968$729,292$718,566$795,672
60$799,139$720,070$697,680$807,663
61$834,277$708,979$674,679$816,239
62$871,539$695,884$649,445$824,672
63$911,094$680,641$621,860$832,968
64$953,130$663,096$591,797$841,140
65$997,850$643,089$559,123$849,201
66$1,045,477$620,447$523,700$857,171
67$1,096,257$594,990$485,385$865,076
68$1,150,457$566,527$444,028$872,949
69$1,208,371$534,853$399,469$880,827
70$1,270,319$499,756$351,546$888,759
71$1,336,655$461,007$300,086$896,800
72$1,407,766$418,368$244,911$905,020
73$1,484,075$371,585$185,832$913,497
74$1,566,048$320,390$122,655$922,324
75$1,654,196$264,500$55,175$931,610
76$1,749,080$203,617$0$941,479
77$1,851,316$137,425$0$955,851
78$1,961,581$65,589$0$984,557
79$2,080,618$0$0$1,015,464
80$2,209,244$0$0$1,053,423
81$2,348,357$0$0$1,121,081
82$2,498,943$0$0$1,194,388
83$2,662,086$0$0$1,273,878
84$2,838,981$0$0$1,360,143
85$3,030,937$0$0$1,453,832
86$3,239,398$0$0$1,555,657
87$3,465,950$0$0$1,666,406
88$3,712,339$0$0$1,786,940
89$3,980,484$0$0$1,918,212
90$4,272,499$0$0$2,061,268
91$4,590,709$0$0$2,217,258
92$4,937,672$0$0$2,387,450
93$5,316,205$0$0$2,573,238
94$5,729,408$0$0$2,776,159
95$6,180,691$0$0$2,997,901
96$6,673,813$0$0$3,240,326
97$7,212,908$0$0$3,505,483
98$7,802,529$0$0$3,795,627
99$8,447,689$0$0$4,113,242
100$9,153,909$0$0$4,461,064