Can I retire at age 59 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,576$55,081$54,598$54,126$53,666$52,712
2 years$27,513$27,000$26,504$26,022$25,555$24,597
3 years$18,160$17,645$17,150$16,673$16,213$15,281
4 years$13,484$12,971$12,481$12,012$11,563$10,665
5 years$10,679$10,169$9,685$9,226$8,790$7,927
6 years$8,810$8,304$7,827$7,378$6,956$6,129
7 years$7,476$6,974$6,504$6,066$5,657$4,867
8 years$6,475$5,978$5,516$5,089$4,693$3,940
9 years$5,697$5,205$4,751$4,334$3,952$3,235
10 years$5,076$4,588$4,142$3,736$3,367$2,686
11 years$4,567$4,084$3,647$3,252$2,896$2,250
12 years$4,144$3,666$3,236$2,852$2,510$1,898
13 years$3,786$3,313$2,891$2,518$2,188$1,610
14 years$3,479$3,011$2,598$2,235$1,918$1,372
15 years$3,214$2,751$2,346$1,993$1,689$1,173
16 years$2,982$2,524$2,127$1,785$1,493$1,007
17 years$2,777$2,324$1,935$1,604$1,324$866
18 years$2,596$2,148$1,767$1,445$1,177$747
19 years$2,433$1,991$1,617$1,306$1,049$646
20 years$2,287$1,850$1,484$1,183$937$559
21 years$2,155$1,723$1,365$1,073$838$485
22 years$2,036$1,608$1,258$976$752$421
23 years$1,927$1,504$1,162$889$675$365
24 years$1,827$1,409$1,074$811$606$318
25 years$1,735$1,323$995$740$546$277
26 years$1,651$1,243$923$677$492$241
27 years$1,572$1,170$857$620$443$210
28 years$1,500$1,102$797$568$400$183
29 years$1,433$1,040$741$521$361$160
30 years$1,370$982$691$478$326$139
31 years$1,311$928$644$439$295$122
32 years$1,257$878$601$403$267$106
33 years$1,205$832$561$371$241$93
34 years$1,157$788$524$341$219$81
35 years$1,112$748$490$314$198$71
36 years$1,069$710$458$289$179$62
37 years$1,029$674$429$267$163$54
38 years$990$641$402$246$147$47
39 years$954$609$376$227$134$41
40 years$920$580$353$209$121$36
41 years$888$552$331$193$110$32
42 years$857$525$310$178$100$28
43 years$828$501$291$164$91$24
44 years$800$477$273$152$82$21
45 years$773$455$257$140$75$18
46 years$748$434$241$129$68$16
47 years$723$414$226$120$62$14
48 years$700$396$213$110$56$12
49 years$678$378$200$102$51$11
50 years$657$361$188$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $673,000, adding $2,252 every year, while hoping to spend $41,971 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: 59/33/8 Blend
58$673,000$673,000$673,000$673,000
59$743,969$708,300$697,868$786,422
60$775,197$698,350$676,590$805,235
61$808,204$686,505$653,192$820,772
62$843,126$672,630$627,560$836,669
63$880,113$656,577$599,572$852,965
64$919,330$638,195$569,103$869,702
65$960,954$617,319$536,020$886,930
66$1,005,181$593,777$500,186$904,703
67$1,052,225$567,387$461,458$923,086
68$1,102,320$537,957$419,685$942,153
69$1,155,721$505,282$374,709$961,987
70$1,212,710$469,146$326,367$982,680
71$1,273,593$429,321$274,487$1,004,342
72$1,338,708$385,566$218,891$1,027,091
73$1,408,424$337,626$159,391$1,051,065
74$1,483,145$285,232$95,793$1,076,419
75$1,563,317$228,099$27,893$1,103,324
76$1,649,426$165,927$0$1,131,978
77$1,742,008$98,398$0$1,166,405
78$1,841,649$25,176$0$1,205,834
79$1,948,996$0$0$1,248,180
80$2,064,757$0$0$1,313,415
81$2,189,709$0$0$1,393,742
82$2,324,709$0$0$1,480,572
83$2,470,695$0$0$1,574,516
84$2,628,701$0$0$1,676,244
85$2,799,863$0$0$1,786,494
86$2,985,429$0$0$1,906,077
87$3,186,772$0$0$2,035,884
88$3,405,401$0$0$2,176,896
89$3,642,979$0$0$2,330,192
90$3,901,332$0$0$2,496,958
91$4,182,471$0$0$2,678,501
92$4,488,606$0$0$2,876,257
93$4,822,172$0$0$3,091,807
94$5,185,847$0$0$3,326,892
95$5,582,580$0$0$3,583,427
96$6,015,613$0$0$3,863,520
97$6,488,521$0$0$4,169,492
98$7,005,233$0$0$4,503,897
99$7,570,078$0$0$4,869,549
100$8,187,822$0$0$5,269,545