Can I retire at age 59 with 655,000?

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 $655,000?

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$54,089$53,607$53,137$52,679$52,231$51,493
2 years$26,777$26,278$25,795$25,326$24,872$24,130
3 years$17,674$17,173$16,691$16,227$15,780$15,057
4 years$13,123$12,624$12,147$11,690$11,254$10,556
5 years$10,394$9,897$9,426$8,979$8,555$7,883
6 years$8,575$8,082$7,618$7,181$6,769$6,125
7 years$7,276$6,787$6,331$5,904$5,505$4,888
8 years$6,302$5,818$5,369$4,953$4,567$3,978
9 years$5,545$5,066$4,624$4,218$3,846$3,284
10 years$4,940$4,465$4,031$3,636$3,277$2,742
11 years$4,445$3,975$3,549$3,165$2,819$2,309
12 years$4,033$3,568$3,150$2,776$2,442$1,959
13 years$3,684$3,224$2,814$2,451$2,130$1,671
14 years$3,386$2,931$2,529$2,175$1,867$1,433
15 years$3,128$2,677$2,283$1,940$1,644$1,233
16 years$2,902$2,456$2,070$1,737$1,453$1,065
17 years$2,703$2,262$1,883$1,561$1,288$922
18 years$2,526$2,090$1,719$1,407$1,145$801
19 years$2,368$1,937$1,574$1,271$1,021$697
20 years$2,226$1,800$1,445$1,151$912$607
21 years$2,098$1,677$1,329$1,045$816$530
22 years$1,981$1,565$1,225$950$731$463
23 years$1,875$1,464$1,131$865$657$405
24 years$1,778$1,372$1,046$789$590$355
25 years$1,689$1,287$969$721$531$311
26 years$1,606$1,210$898$659$478$273
27 years$1,530$1,139$834$603$431$239
28 years$1,460$1,073$775$553$389$210
29 years$1,394$1,012$722$507$351$185
30 years$1,333$956$672$465$318$162
31 years$1,276$904$627$427$287$143
32 years$1,223$855$585$392$260$126
33 years$1,173$810$546$361$235$111
34 years$1,126$767$510$332$213$97
35 years$1,082$728$477$306$193$86
36 years$1,040$691$446$282$175$75
37 years$1,001$656$418$259$158$66
38 years$964$624$391$239$143$59
39 years$929$593$366$220$130$52
40 years$895$564$343$203$118$45
41 years$864$537$322$188$107$40
42 years$834$511$302$173$97$35
43 years$805$487$283$160$88$31
44 years$778$464$266$148$80$27
45 years$752$443$250$136$73$24
46 years$728$423$235$126$66$21
47 years$704$403$220$116$60$19
48 years$682$385$207$107$54$17
49 years$660$368$195$99$49$15
50 years$640$351$183$92$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $655,000, adding $6,285 every year, while hoping to spend $32,210 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: 39/44/17 Blend
58$655,000$655,000$655,000$655,000
59$728,293$693,578$683,425$752,773
60$768,308$693,292$672,049$770,572
61$811,324$691,913$659,212$786,240
62$857,615$689,352$644,831$802,501
63$907,479$685,517$628,820$819,426
64$961,244$680,310$611,088$837,093
65$1,019,271$673,625$591,540$855,594
66$1,081,956$665,353$570,076$875,030
67$1,149,735$655,374$546,592$895,516
68$1,223,086$643,565$520,981$917,180
69$1,302,535$629,794$493,128$940,169
70$1,388,661$613,922$462,915$964,645
71$1,482,099$595,799$430,218$990,792
72$1,583,550$575,270$394,907$1,018,816
73$1,693,783$552,168$356,847$1,048,947
74$1,813,644$526,319$315,896$1,081,444
75$1,944,063$497,537$271,907$1,116,594
76$2,086,067$465,626$224,725$1,154,721
77$2,240,782$430,378$174,190$1,196,185
78$2,409,449$391,573$120,132$1,241,389
79$2,593,433$348,981$62,377$1,290,782
80$2,794,238$302,355$741$1,344,865
81$3,013,517$251,438$0$1,404,195
82$3,253,092$195,955$0$1,481,191
83$3,514,969$135,617$0$1,565,659
84$3,801,353$70,120$0$1,658,271
85$4,114,676$0$0$1,759,923
86$4,457,614$0$0$1,872,024
87$4,833,114$0$0$2,032,027
88$5,244,420$0$0$2,207,377
89$5,695,108$0$0$2,399,606
90$6,189,111$0$0$2,610,406
91$6,730,766$0$0$2,841,637
92$7,324,846$0$0$3,095,351
93$7,976,610$0$0$3,373,805
94$8,691,850$0$0$3,679,488
95$9,476,945$0$0$4,015,139
96$10,338,923$0$0$4,383,778
97$11,285,527$0$0$4,788,729
98$12,325,282$0$0$5,233,656
99$13,467,585$0$0$5,722,594
100$14,722,784$0$0$6,259,990