Can I retire at age 59 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$54,337$53,853$53,381$52,920$52,470$51,750
2 years$26,900$26,399$25,913$25,442$24,986$24,262
3 years$17,755$17,252$16,767$16,301$15,852$15,146
4 years$13,183$12,682$12,202$11,744$11,306$10,624
5 years$10,441$9,943$9,470$9,021$8,594$7,938
6 years$8,614$8,119$7,653$7,214$6,800$6,171
7 years$7,309$6,818$6,360$5,931$5,531$4,928
8 years$6,331$5,845$5,393$4,975$4,588$4,012
9 years$5,570$5,089$4,645$4,238$3,864$3,314
10 years$4,962$4,485$4,050$3,653$3,292$2,769
11 years$4,465$3,993$3,565$3,179$2,831$2,334
12 years$4,051$3,584$3,164$2,789$2,454$1,981
13 years$3,701$3,239$2,827$2,462$2,140$1,691
14 years$3,402$2,944$2,540$2,185$1,876$1,451
15 years$3,142$2,689$2,293$1,949$1,651$1,250
16 years$2,915$2,468$2,079$1,745$1,460$1,080
17 years$2,715$2,273$1,892$1,568$1,294$936
18 years$2,538$2,100$1,727$1,413$1,151$813
19 years$2,379$1,946$1,581$1,277$1,026$708
20 years$2,236$1,808$1,451$1,156$916$617
21 years$2,107$1,685$1,335$1,050$820$539
22 years$1,990$1,572$1,230$954$735$471
23 years$1,884$1,471$1,136$869$660$413
24 years$1,786$1,378$1,050$793$593$362
25 years$1,696$1,293$973$724$534$317
26 years$1,614$1,215$902$662$481$279
27 years$1,537$1,144$838$606$433$245
28 years$1,467$1,078$779$555$391$215
29 years$1,401$1,017$725$509$353$189
30 years$1,339$960$675$467$319$166
31 years$1,282$908$629$429$288$146
32 years$1,229$859$587$394$261$129
33 years$1,178$813$548$363$236$114
34 years$1,131$771$512$334$214$100
35 years$1,087$731$479$307$194$88
36 years$1,045$694$448$283$175$78
37 years$1,006$659$419$261$159$68
38 years$968$626$393$240$144$60
39 years$933$596$368$221$131$53
40 years$900$567$345$204$119$47
41 years$868$539$323$188$108$41
42 years$838$514$303$174$98$37
43 years$809$490$285$161$89$32
44 years$782$467$267$148$80$28
45 years$756$445$251$137$73$25
46 years$731$424$236$126$66$22
47 years$707$405$221$117$60$20
48 years$685$387$208$108$55$17
49 years$663$369$196$100$50$15
50 years$642$353$184$92$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $658,000, adding $2,493 every year, while hoping to spend $32,352 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: 53/28/19 Blend
58$658,000$658,000$658,000$658,000
59$727,688$692,814$682,615$762,357
60$767,489$692,339$671,060$785,939
61$810,267$690,757$658,034$807,981
62$856,289$687,979$643,453$831,265
63$905,852$683,911$627,230$855,917
64$959,280$678,454$609,273$882,082
65$1,016,930$671,502$589,488$909,917
66$1,079,194$662,944$567,773$939,599
67$1,146,504$652,659$544,025$971,325
68$1,219,331$640,524$518,134$1,005,312
69$1,298,198$626,404$489,986$1,041,803
70$1,383,675$610,159$459,462$1,081,068
71$1,476,393$591,640$426,436$1,123,405
72$1,577,042$570,687$390,780$1,169,148
73$1,686,385$547,135$352,355$1,218,664
74$1,805,258$520,807$311,020$1,272,364
75$1,934,582$491,514$266,627$1,330,699
76$2,075,370$459,059$219,020$1,394,175
77$2,228,738$423,233$168,038$1,463,350
78$2,395,912$383,815$113,510$1,538,840
79$2,578,243$340,570$55,261$1,621,333
80$2,777,218$293,251$0$1,711,587
81$2,994,471$241,598$0$1,811,844
82$3,231,805$185,333$0$1,933,681
83$3,491,201$124,167$0$2,066,956
84$3,774,843$57,791$0$2,212,853
85$4,085,134$0$0$2,372,681
86$4,424,721$0$0$2,552,234
87$4,796,516$0$0$2,768,375
88$5,203,730$0$0$3,005,170
89$5,649,895$0$0$3,264,683
90$6,138,904$0$0$3,549,185
91$6,675,043$0$0$3,861,178
92$7,263,031$0$0$4,203,420
93$7,908,070$0$0$4,578,944
94$8,615,884$0$0$4,991,095
95$9,392,784$0$0$5,443,556
96$10,245,717$0$0$5,940,385
97$11,182,337$0$0$6,486,050
98$12,211,076$0$0$7,085,475
99$13,341,224$0$0$7,744,083
100$14,583,011$0$0$8,467,850