Can I retire at age 59 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$54,420$53,935$53,462$53,000$52,550$51,871
2 years$26,940$26,439$25,952$25,481$25,024$24,341
3 years$17,782$17,278$16,793$16,326$15,876$15,211
4 years$13,203$12,701$12,221$11,762$11,323$10,680
5 years$10,457$9,958$9,484$9,034$8,607$7,989
6 years$8,627$8,131$7,664$7,225$6,811$6,217
7 years$7,320$6,829$6,369$5,940$5,539$4,970
8 years$6,340$5,853$5,402$4,983$4,595$4,051
9 years$5,579$5,096$4,652$4,244$3,870$3,351
10 years$4,970$4,492$4,056$3,659$3,297$2,802
11 years$4,472$3,999$3,571$3,184$2,836$2,365
12 years$4,058$3,589$3,169$2,793$2,457$2,010
13 years$3,707$3,244$2,831$2,466$2,143$1,718
14 years$3,407$2,949$2,544$2,189$1,878$1,476
15 years$3,147$2,694$2,297$1,952$1,654$1,273
16 years$2,920$2,471$2,082$1,748$1,462$1,102
17 years$2,719$2,276$1,895$1,570$1,296$956
18 years$2,542$2,103$1,730$1,415$1,152$832
19 years$2,383$1,949$1,584$1,279$1,027$725
20 years$2,240$1,811$1,453$1,158$917$633
21 years$2,111$1,687$1,337$1,051$821$554
22 years$1,993$1,575$1,232$956$736$485
23 years$1,887$1,473$1,138$870$661$426
24 years$1,789$1,380$1,052$794$594$374
25 years$1,699$1,295$974$725$534$328
26 years$1,616$1,217$904$663$481$289
27 years$1,540$1,145$839$607$434$254
28 years$1,469$1,079$780$556$392$224
29 years$1,403$1,018$726$510$354$197
30 years$1,341$962$676$468$319$173
31 years$1,284$909$630$430$289$153
32 years$1,230$860$588$395$261$135
33 years$1,180$815$549$363$236$119
34 years$1,133$772$513$334$214$105
35 years$1,089$732$480$308$194$93
36 years$1,047$695$449$283$176$82
37 years$1,007$660$420$261$159$72
38 years$970$627$393$241$144$64
39 years$934$597$369$222$131$56
40 years$901$568$345$205$119$50
41 years$869$540$324$189$108$44
42 years$839$515$304$174$98$39
43 years$810$490$285$161$89$34
44 years$783$467$268$148$81$30
45 years$757$446$251$137$73$27
46 years$732$425$236$127$66$24
47 years$708$406$222$117$60$21
48 years$686$387$208$108$55$19
49 years$664$370$196$100$50$16
50 years$643$353$184$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $659,000, adding $3,977 every year, while hoping to spend $49,075 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: 76/10/14 Blend
58$659,000$659,000$659,000$659,000
59$730,320$695,393$685,179$783,386
60$752,598$677,252$655,917$800,812
61$775,502$656,577$624,030$813,356
62$799,047$633,193$589,378$825,756
63$823,243$606,912$551,815$837,981
64$848,101$577,539$511,189$849,999
65$873,634$544,864$467,340$861,773
66$899,850$508,668$420,101$873,264
67$926,758$468,717$369,299$884,432
68$954,368$424,765$314,751$895,231
69$982,686$376,551$256,267$905,612
70$1,011,718$323,800$193,650$915,523
71$1,041,469$266,221$126,693$924,907
72$1,071,941$203,508$55,179$933,703
73$1,103,134$135,335$0$941,845
74$1,135,048$61,361$0$952,421
75$1,167,677$0$0$971,196
76$1,201,016$0$0$991,940
77$1,235,054$0$0$1,020,008
78$1,269,777$0$0$1,048,637
79$1,305,167$0$0$1,077,810
80$1,341,202$0$0$1,107,508
81$1,377,854$0$0$1,137,708
82$1,415,090$0$0$1,168,382
83$1,452,870$0$0$1,199,494
84$1,491,147$0$0$1,231,007
85$1,529,866$0$0$1,262,872
86$1,568,963$0$0$1,295,036
87$1,608,364$0$0$1,327,436
88$1,647,983$0$0$1,360,001
89$1,687,724$0$0$1,392,648
90$1,727,476$0$0$1,425,284
91$1,767,112$0$0$1,457,802
92$1,806,489$0$0$1,490,082
93$1,845,444$0$0$1,521,987
94$1,883,797$0$0$1,553,364
95$1,921,339$0$0$1,584,040
96$1,957,842$0$0$1,613,820
97$1,993,044$0$0$1,642,486
98$2,026,654$0$0$1,669,794
99$2,058,349$0$0$1,695,470
100$2,087,762$0$0$1,719,209