Can I retire at age 59 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$55,411$54,917$54,435$53,965$53,506$51,670
2 years$27,431$26,920$26,425$25,945$25,479$23,647
3 years$18,106$17,593$17,099$16,623$16,165$14,396
4 years$13,444$12,932$12,443$11,976$11,529$9,836
5 years$10,648$10,139$9,657$9,199$8,764$7,151
6 years$8,784$8,279$7,804$7,356$6,935$5,404
7 years$7,453$6,953$6,485$6,048$5,640$4,190
8 years$6,456$5,960$5,500$5,074$4,679$3,310
9 years$5,680$5,189$4,737$4,322$3,940$2,650
10 years$5,060$4,574$4,130$3,725$3,357$2,143
11 years$4,554$4,072$3,636$3,242$2,887$1,748
12 years$4,131$3,655$3,227$2,844$2,502$1,434
13 years$3,774$3,303$2,883$2,511$2,182$1,182
14 years$3,469$3,002$2,590$2,229$1,913$979
15 years$3,204$2,743$2,339$1,988$1,684$813
16 years$2,973$2,516$2,120$1,780$1,488$677
17 years$2,769$2,317$1,929$1,599$1,320$565
18 years$2,588$2,141$1,761$1,441$1,173$473
19 years$2,426$1,985$1,612$1,302$1,046$396
20 years$2,281$1,844$1,480$1,179$934$332
21 years$2,149$1,718$1,361$1,070$836$278
22 years$2,030$1,604$1,254$973$749$234
23 years$1,921$1,500$1,158$886$673$197
24 years$1,821$1,405$1,071$808$605$165
25 years$1,730$1,319$992$738$544$139
26 years$1,646$1,239$920$675$490$117
27 years$1,568$1,166$854$618$442$99
28 years$1,496$1,099$794$566$399$83
29 years$1,428$1,037$739$519$360$70
30 years$1,366$979$689$476$325$59
31 years$1,307$926$642$438$294$50
32 years$1,253$876$599$402$266$42
33 years$1,202$829$559$370$241$35
34 years$1,154$786$522$340$218$30
35 years$1,108$746$488$313$197$25
36 years$1,066$708$457$288$179$21
37 years$1,025$672$428$266$162$18
38 years$987$639$401$245$147$15
39 years$951$607$375$226$133$13
40 years$917$578$352$208$121$11
41 years$885$550$330$192$110$9
42 years$854$524$309$177$100$8
43 years$825$499$290$164$90$6
44 years$797$476$273$151$82$5
45 years$771$454$256$140$74$5
46 years$745$433$240$129$68$4
47 years$721$413$226$119$61$3
48 years$698$394$212$110$56$3
49 years$676$377$199$102$51$2
50 years$655$360$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $671,000, adding $6,456 every year, while hoping to spend $35,031 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: 27/45/28 Blend
58$671,000$671,000$671,000$671,000
59$746,101$710,538$700,138$759,618
60$784,931$708,082$686,320$768,604
61$826,547$704,331$670,865$774,812
62$871,197$699,186$653,681$780,767
63$919,152$692,539$634,672$786,471
64$970,710$684,277$613,738$791,930
65$1,026,197$674,282$590,773$797,154
66$1,085,974$662,426$565,668$802,159
67$1,150,433$648,575$538,308$806,966
68$1,220,008$632,586$508,572$811,601
69$1,295,176$614,309$476,336$816,099
70$1,376,458$593,585$441,468$820,502
71$1,464,430$570,244$403,830$824,862
72$1,559,723$544,107$363,280$829,241
73$1,663,034$514,987$319,669$833,714
74$1,775,124$482,683$272,839$838,368
75$1,896,836$446,983$222,628$843,307
76$2,029,092$407,664$168,865$848,650
77$2,172,911$364,491$111,373$854,539
78$2,329,409$317,212$49,965$861,133
79$2,499,818$265,566$0$868,618
80$2,685,493$209,271$0$881,859
81$2,887,924$148,036$0$912,681
82$3,108,750$81,548$0$946,481
83$3,349,778$9,479$0$983,641
84$3,612,994$0$0$1,024,588
85$3,900,587$0$0$1,103,729
86$4,214,966$0$0$1,195,478
87$4,558,781$0$0$1,295,930
88$4,934,953$0$0$1,405,951
89$5,346,696$0$0$1,526,495
90$5,797,551$0$0$1,658,615
91$6,291,416$0$0$1,803,469
92$6,832,585$0$0$1,962,331
93$7,425,786$0$0$2,136,607
94$8,076,226$0$0$2,327,844
95$8,789,640$0$0$2,537,746
96$9,572,346$0$0$2,768,190
97$10,431,303$0$0$3,021,245
98$11,374,174$0$0$3,299,189
99$12,409,403$0$0$3,604,530
100$13,546,289$0$0$3,940,035