Can I retire at age 59 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$55,823$55,326$54,841$54,368$53,905$52,075
2 years$27,635$27,121$26,622$26,138$25,669$23,844
3 years$18,241$17,724$17,226$16,747$16,286$14,522
4 years$13,544$13,029$12,536$12,065$11,615$9,927
5 years$10,727$10,215$9,729$9,267$8,830$7,222
6 years$8,849$8,341$7,862$7,411$6,987$5,460
7 years$7,509$7,005$6,533$6,093$5,682$4,236
8 years$6,504$6,004$5,541$5,111$4,714$3,348
9 years$5,723$5,228$4,772$4,354$3,970$2,682
10 years$5,098$4,608$4,161$3,753$3,382$2,171
11 years$4,587$4,102$3,663$3,266$2,909$1,771
12 years$4,162$3,682$3,251$2,865$2,521$1,454
13 years$3,803$3,328$2,904$2,529$2,198$1,200
14 years$3,495$3,025$2,610$2,245$1,927$994
15 years$3,228$2,763$2,356$2,002$1,697$826
16 years$2,995$2,535$2,136$1,793$1,499$689
17 years$2,789$2,335$1,944$1,611$1,330$575
18 years$2,607$2,157$1,774$1,452$1,182$481
19 years$2,444$1,999$1,624$1,312$1,054$403
20 years$2,298$1,858$1,491$1,188$941$338
21 years$2,165$1,731$1,371$1,078$842$284
22 years$2,045$1,615$1,264$980$755$239
23 years$1,935$1,511$1,167$893$678$201
24 years$1,835$1,416$1,079$814$609$169
25 years$1,743$1,328$1,000$744$548$143
26 years$1,658$1,249$927$680$494$120
27 years$1,579$1,175$861$622$445$101
28 years$1,507$1,107$800$570$402$85
29 years$1,439$1,045$745$523$363$72
30 years$1,376$986$694$480$328$61
31 years$1,317$933$647$441$296$51
32 years$1,262$882$603$405$268$43
33 years$1,211$836$563$373$243$37
34 years$1,162$792$526$343$220$31
35 years$1,117$751$492$316$199$26
36 years$1,074$713$460$291$180$22
37 years$1,033$677$431$268$163$19
38 years$995$644$404$247$148$16
39 years$959$612$378$228$134$13
40 years$924$582$354$210$122$11
41 years$892$554$332$194$110$9
42 years$861$528$312$179$100$8
43 years$831$503$292$165$91$7
44 years$803$479$275$152$83$6
45 years$776$457$258$141$75$5
46 years$751$436$242$130$68$4
47 years$727$416$227$120$62$3
48 years$703$397$214$111$56$3
49 years$681$379$201$103$51$2
50 years$660$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $676,000, adding $4,017 every year, while hoping to spend $23,699 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: 35/38/27 Blend
58$676,000$676,000$676,000$676,000
59$749,096$713,268$702,790$769,096
60$800,288$723,002$701,117$794,115
61$855,907$732,419$698,595$818,668
62$916,381$741,479$695,169$844,700
63$982,177$750,137$690,783$872,358
64$1,053,813$758,348$685,378$901,808
65$1,131,857$766,061$678,893$933,232
66$1,216,934$773,226$671,263$966,832
67$1,309,731$779,784$662,421$1,002,831
68$1,411,008$785,677$652,296$1,041,480
69$1,521,596$790,841$640,813$1,083,053
70$1,642,415$795,208$627,896$1,127,855
71$1,774,473$798,706$613,463$1,176,226
72$1,918,885$801,258$597,429$1,228,539
73$2,076,874$802,782$579,706$1,285,211
74$2,249,790$803,193$560,201$1,346,700
75$2,439,116$802,397$538,815$1,413,517
76$2,646,489$800,298$515,449$1,486,223
77$2,873,710$796,791$489,995$1,565,444
78$3,122,761$791,767$462,343$1,651,870
79$3,395,827$785,108$432,376$1,746,263
80$3,695,315$776,691$399,974$1,849,469
81$4,023,873$766,385$365,009$1,962,423
82$4,384,420$754,051$327,349$2,086,157
83$4,780,172$739,540$286,856$2,221,814
84$5,214,670$722,698$243,386$2,370,659
85$5,691,814$703,358$196,787$2,534,087
86$6,215,903$681,346$146,903$2,713,643
87$6,791,669$656,476$93,569$2,911,033
88$7,424,329$628,553$36,613$3,128,142
89$8,119,627$597,369$0$3,367,053
90$8,883,893$562,704$0$3,637,033
91$9,724,100$524,326$0$3,945,368
92$10,647,931$481,991$0$4,284,366
93$11,663,849$435,438$0$4,657,187
94$12,781,181$384,394$0$5,067,318
95$14,010,201$328,569$0$5,518,606
96$15,362,229$267,656$0$6,015,295
97$16,849,738$201,333$0$6,562,066
98$18,486,471$129,258$0$7,164,083
99$20,287,569$51,069$0$7,827,043
100$22,269,717$0$0$8,557,227