Can I retire at age 59 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$55,245$54,753$54,273$53,805$53,347$51,660
2 years$27,349$26,840$26,346$25,868$25,403$23,719
3 years$18,052$17,540$17,048$16,574$16,117$14,488
4 years$13,404$12,894$12,406$11,940$11,495$9,934
5 years$10,616$10,109$9,628$9,171$8,738$7,249
6 years$8,758$8,255$7,781$7,334$6,914$5,499
7 years$7,431$6,932$6,466$6,030$5,623$4,281
8 years$6,437$5,942$5,484$5,058$4,665$3,395
9 years$5,664$5,174$4,723$4,309$3,929$2,730
10 years$5,045$4,560$4,118$3,714$3,347$2,218
11 years$4,540$4,060$3,625$3,232$2,879$1,817
12 years$4,119$3,644$3,217$2,835$2,495$1,497
13 years$3,763$3,293$2,874$2,503$2,175$1,241
14 years$3,458$2,993$2,583$2,222$1,907$1,032
15 years$3,195$2,734$2,332$1,982$1,679$862
16 years$2,964$2,509$2,114$1,774$1,484$721
17 years$2,761$2,311$1,924$1,594$1,316$605
18 years$2,580$2,135$1,756$1,437$1,170$509
19 years$2,419$1,979$1,608$1,298$1,043$428
20 years$2,274$1,839$1,475$1,176$931$361
21 years$2,143$1,713$1,357$1,067$834$305
22 years$2,024$1,599$1,251$970$747$257
23 years$1,915$1,495$1,155$884$671$217
24 years$1,816$1,401$1,068$806$603$184
25 years$1,725$1,315$989$736$542$156
26 years$1,641$1,236$917$673$489$132
27 years$1,563$1,163$852$616$441$112
28 years$1,491$1,096$792$564$397$95
29 years$1,424$1,034$737$518$359$80
30 years$1,362$976$686$475$324$68
31 years$1,304$923$640$436$293$58
32 years$1,249$873$597$401$265$49
33 years$1,198$827$558$369$240$41
34 years$1,150$784$521$339$217$35
35 years$1,105$743$487$312$197$30
36 years$1,063$706$456$288$178$25
37 years$1,022$670$426$265$162$21
38 years$985$637$399$244$147$18
39 years$949$606$374$225$133$15
40 years$915$576$351$208$121$13
41 years$882$548$329$192$109$11
42 years$852$522$308$177$99$9
43 years$823$498$289$163$90$8
44 years$795$474$272$151$82$7
45 years$768$452$255$139$74$6
46 years$743$432$240$129$67$5
47 years$719$412$225$119$61$4
48 years$696$393$212$110$56$4
49 years$674$375$199$101$50$3
50 years$653$359$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $669,000, adding $5,120 every year, while hoping to spend $26,824 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: 28/47/25 Blend
58$669,000$669,000$669,000$669,000
59$742,519$707,062$696,693$757,406
60$789,716$713,168$691,491$775,663
61$840,827$718,673$685,217$792,581
62$896,225$723,522$677,805$810,206
63$956,316$727,651$669,188$828,614
64$1,021,550$730,995$659,295$847,895
65$1,092,420$733,486$648,054$868,147
66$1,169,470$735,049$635,386$889,482
67$1,253,295$735,606$621,211$912,024
68$1,344,553$735,073$605,444$935,913
69$1,443,968$733,362$587,996$961,306
70$1,552,334$730,378$568,776$988,378
71$1,670,528$726,023$547,685$1,017,324
72$1,799,513$720,189$524,624$1,048,365
73$1,940,350$712,765$499,486$1,081,745
74$2,094,207$703,632$472,160$1,117,736
75$2,262,370$692,663$442,531$1,156,645
76$2,446,253$679,726$410,477$1,198,809
77$2,647,417$664,677$375,874$1,244,609
78$2,867,575$647,369$338,588$1,294,465
79$3,108,619$627,641$298,481$1,348,846
80$3,372,628$605,325$255,411$1,408,276
81$3,661,895$580,245$209,225$1,473,334
82$3,978,942$552,211$159,769$1,544,665
83$4,326,550$521,025$106,877$1,622,988
84$4,707,779$486,476$50,378$1,709,099
85$5,126,001$448,342$0$1,803,881
86$5,584,929$406,387$0$1,910,964
87$6,088,655$360,363$0$2,043,302
88$6,641,683$310,006$0$2,188,705
89$7,248,978$255,040$0$2,348,567
90$7,916,007$195,170$0$2,524,429
91$8,648,793$130,087$0$2,717,998
92$9,453,973$59,463$0$2,931,158
93$10,338,855$0$0$3,165,995
94$11,311,493$0$0$3,433,628
95$12,380,760$0$0$3,761,777
96$13,556,430$0$0$4,122,701
97$14,849,273$0$0$4,519,722
98$16,271,153$0$0$4,956,499
99$17,835,144$0$0$5,437,064
100$19,555,648$0$0$5,965,859