Can I retire at age 59 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$54,585$54,099$53,624$53,161$52,709$51,414
2 years$27,022$26,519$26,031$25,558$25,100$23,803
3 years$17,836$17,330$16,844$16,375$15,924$14,666
4 years$13,244$12,740$12,258$11,798$11,357$10,148
5 years$10,489$9,988$9,513$9,062$8,634$7,476
6 years$8,653$8,156$7,688$7,247$6,831$5,727
7 years$7,342$6,849$6,389$5,958$5,556$4,505
8 years$6,360$5,871$5,418$4,998$4,609$3,611
9 years$5,596$5,112$4,666$4,257$3,882$2,935
10 years$4,985$4,506$4,068$3,670$3,307$2,411
11 years$4,486$4,011$3,582$3,194$2,844$1,998
12 years$4,070$3,600$3,179$2,801$2,465$1,667
13 years$3,718$3,254$2,840$2,473$2,149$1,398
14 years$3,417$2,958$2,552$2,195$1,884$1,177
15 years$3,156$2,702$2,304$1,958$1,659$995
16 years$2,928$2,479$2,089$1,753$1,466$844
17 years$2,728$2,283$1,901$1,575$1,300$717
18 years$2,549$2,109$1,735$1,420$1,156$611
19 years$2,390$1,955$1,588$1,283$1,030$521
20 years$2,247$1,817$1,458$1,162$920$446
21 years$2,117$1,692$1,341$1,054$824$381
22 years$2,000$1,580$1,236$959$738$327
23 years$1,892$1,477$1,141$873$663$280
24 years$1,794$1,384$1,055$796$596$240
25 years$1,704$1,299$977$727$536$206
26 years$1,621$1,221$906$665$483$177
27 years$1,544$1,149$842$609$435$152
28 years$1,473$1,083$783$558$393$131
29 years$1,407$1,021$728$511$355$113
30 years$1,346$965$678$469$320$97
31 years$1,288$912$632$431$290$83
32 years$1,234$863$590$396$262$72
33 years$1,184$817$551$364$237$62
34 years$1,136$774$515$335$215$53
35 years$1,092$735$481$309$194$46
36 years$1,050$697$450$284$176$40
37 years$1,010$662$421$262$160$34
38 years$973$629$395$241$145$29
39 years$937$598$370$222$131$25
40 years$904$569$346$205$119$22
41 years$872$542$325$189$108$19
42 years$842$516$305$175$98$16
43 years$813$492$286$161$89$14
44 years$785$469$268$149$81$12
45 years$759$447$252$138$73$10
46 years$734$426$237$127$67$9
47 years$711$407$222$117$60$8
48 years$688$388$209$108$55$7
49 years$666$371$196$100$50$6
50 years$645$354$185$93$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $661,000, adding $3,278 every year, while hoping to spend $50,797 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: 84/11/5 Blend
58$661,000$661,000$661,000$661,000
59$731,803$696,770$686,525$792,979
60$752,400$676,864$655,476$813,469
61$773,394$654,281$621,684$828,709
62$794,774$628,834$585,004$843,831
63$816,523$600,329$545,284$858,790
64$838,623$568,559$502,365$873,537
65$861,049$533,305$456,081$888,015
66$883,774$494,335$406,258$902,164
67$906,767$451,406$352,715$915,918
68$929,989$404,257$295,263$929,201
69$953,398$352,616$233,705$941,933
70$976,945$296,194$167,834$954,024
71$1,000,571$234,685$97,435$965,375
72$1,024,213$167,768$22,282$975,877
73$1,047,796$95,103$0$985,410
74$1,071,237$16,328$0$996,933
75$1,094,440$0$0$1,008,682
76$1,117,300$0$0$1,027,664
77$1,139,694$0$0$1,048,187
78$1,161,489$0$0$1,068,147
79$1,182,531$0$0$1,087,404
80$1,202,650$0$0$1,105,800
81$1,221,656$0$0$1,123,158
82$1,239,334$0$0$1,139,280
83$1,255,448$0$0$1,153,946
84$1,269,731$0$0$1,166,909
85$1,281,887$0$0$1,177,895
86$1,291,586$0$0$1,186,599
87$1,298,462$0$0$1,192,680
88$1,302,105$0$0$1,195,760
89$1,302,063$0$0$1,195,420
90$1,297,831$0$0$1,191,192
91$1,288,851$0$0$1,182,558
92$1,274,503$0$0$1,168,945
93$1,254,097$0$0$1,149,715
94$1,226,873$0$0$1,124,161
95$1,191,985$0$0$1,091,503
96$1,148,497$0$0$1,050,872
97$1,095,373$0$0$1,001,311
98$1,031,468$0$0$941,756
99$955,512$0$0$871,034
100$866,101$0$0$787,844