Can I retire at age 59 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$53,924$53,444$52,975$52,518$52,071$51,678
2 years$26,695$26,198$25,716$25,249$24,796$24,399
3 years$17,620$17,121$16,640$16,177$15,731$15,344
4 years$13,083$12,585$12,110$11,655$11,220$10,845
5 years$10,362$9,867$9,398$8,952$8,529$8,167
6 years$8,548$8,057$7,595$7,159$6,749$6,400
7 years$7,253$6,766$6,311$5,886$5,489$5,154
8 years$6,283$5,800$5,352$4,937$4,553$4,232
9 years$5,528$5,050$4,610$4,206$3,835$3,527
10 years$4,925$4,451$4,019$3,625$3,267$2,973
11 years$4,431$3,963$3,538$3,155$2,810$2,529
12 years$4,021$3,557$3,140$2,767$2,435$2,168
13 years$3,673$3,214$2,806$2,443$2,123$1,869
14 years$3,376$2,922$2,521$2,169$1,861$1,619
15 years$3,118$2,669$2,276$1,934$1,639$1,409
16 years$2,893$2,449$2,063$1,732$1,448$1,230
17 years$2,695$2,255$1,878$1,556$1,284$1,077
18 years$2,518$2,084$1,714$1,402$1,142$946
19 years$2,361$1,931$1,569$1,267$1,018$832
20 years$2,219$1,795$1,440$1,148$909$734
21 years$2,091$1,672$1,325$1,042$814$648
22 years$1,975$1,560$1,221$947$729$573
23 years$1,869$1,459$1,127$862$655$508
24 years$1,773$1,367$1,042$787$588$450
25 years$1,684$1,283$966$718$529$400
26 years$1,602$1,206$896$657$477$355
27 years$1,526$1,135$832$601$430$316
28 years$1,455$1,070$773$551$388$281
29 years$1,390$1,009$719$505$350$250
30 years$1,329$953$670$464$317$223
31 years$1,272$901$625$426$286$198
32 years$1,219$852$583$391$259$177
33 years$1,169$807$544$360$234$158
34 years$1,123$765$508$331$212$141
35 years$1,079$726$475$305$192$125
36 years$1,037$689$445$281$174$112
37 years$998$654$416$259$158$100
38 years$961$622$390$238$143$89
39 years$926$591$365$220$130$80
40 years$893$562$342$203$118$71
41 years$861$535$321$187$107$64
42 years$831$510$301$173$97$57
43 years$803$486$283$159$88$51
44 years$776$463$265$147$80$45
45 years$750$442$249$136$72$41
46 years$725$421$234$126$66$36
47 years$702$402$220$116$60$32
48 years$680$384$206$107$54$29
49 years$658$366$194$99$49$26
50 years$638$350$182$92$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $653,000, adding $4,203 every year, while hoping to spend $23,093 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: 48/35/17 Blend
58$653,000$653,000$653,000$653,000
59$723,941$689,332$679,211$755,047
60$773,213$698,539$677,394$786,246
61$826,736$707,423$674,742$817,409
62$884,919$715,943$671,202$850,750
63$948,215$724,058$666,721$886,481
64$1,017,116$731,721$661,240$924,839
65$1,092,170$738,883$654,699$966,083
66$1,173,975$745,492$647,036$1,010,499
67$1,263,193$751,492$638,183$1,058,406
68$1,360,548$756,826$628,072$1,110,154
69$1,466,842$761,428$616,631$1,166,130
70$1,582,955$765,233$603,783$1,226,763
71$1,709,856$768,169$589,449$1,292,523
72$1,848,612$770,160$573,546$1,363,935
73$2,000,398$771,126$555,988$1,441,574
74$2,166,508$770,980$536,683$1,526,078
75$2,348,367$769,633$515,537$1,618,150
76$2,547,543$766,987$492,449$1,718,566
77$2,765,763$762,941$467,317$1,828,186
78$3,004,930$757,385$440,032$1,947,957
79$3,267,140$750,204$410,480$2,078,924
80$3,554,701$741,275$378,543$2,222,243
81$3,870,153$730,471$344,097$2,379,188
82$4,216,297$717,652$307,013$2,551,169
83$4,596,216$702,674$267,155$2,739,739
84$5,013,307$685,382$224,382$2,946,614
85$5,471,313$665,614$178,547$3,173,686
86$5,974,354$643,197$129,495$3,423,047
87$6,526,972$617,947$77,068$3,697,003
88$7,134,169$589,672$21,095$3,998,099
89$7,801,456$558,168$0$4,329,145
90$8,534,903$523,217$0$4,700,249
91$9,341,200$484,591$0$5,112,362
92$10,227,714$442,048$0$5,565,463
93$11,202,565$395,332$0$6,063,752
94$12,274,697$344,174$0$6,611,860
95$13,453,965$288,287$0$7,214,896
96$14,751,226$227,370$0$7,878,491
97$16,178,444$161,104$0$8,608,857
98$17,748,800$89,153$0$9,412,842
99$19,476,817$11,161$0$10,297,998
100$21,378,497$0$0$11,272,651