Can I retire at age 59 with 679,000?

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 $679,000?

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$56,071$55,572$55,084$54,609$54,144$52,286
2 years$27,758$27,241$26,740$26,254$25,783$23,929
3 years$18,322$17,802$17,303$16,821$16,358$14,567
4 years$13,604$13,087$12,592$12,119$11,667$9,953
5 years$10,775$10,260$9,772$9,308$8,869$7,237
6 years$8,889$8,378$7,897$7,444$7,018$5,468
7 years$7,542$7,036$6,562$6,120$5,707$4,240
8 years$6,533$6,031$5,566$5,134$4,735$3,349
9 years$5,748$5,251$4,794$4,373$3,987$2,681
10 years$5,121$4,629$4,179$3,770$3,397$2,169
11 years$4,608$4,121$3,679$3,281$2,922$1,768
12 years$4,181$3,698$3,265$2,878$2,532$1,451
13 years$3,819$3,342$2,917$2,541$2,208$1,196
14 years$3,510$3,038$2,621$2,255$1,935$990
15 years$3,242$2,775$2,367$2,011$1,704$823
16 years$3,008$2,546$2,146$1,801$1,506$685
17 years$2,802$2,345$1,952$1,618$1,335$572
18 years$2,619$2,167$1,782$1,458$1,187$478
19 years$2,455$2,008$1,632$1,318$1,058$400
20 years$2,308$1,866$1,497$1,193$945$336
21 years$2,175$1,738$1,377$1,083$846$282
22 years$2,054$1,623$1,269$985$758$237
23 years$1,944$1,518$1,172$897$681$199
24 years$1,843$1,422$1,084$818$612$167
25 years$1,751$1,334$1,004$747$551$141
26 years$1,665$1,254$931$683$496$119
27 years$1,586$1,180$865$625$447$100
28 years$1,513$1,112$804$573$403$84
29 years$1,445$1,049$748$525$364$71
30 years$1,382$991$697$482$329$60
31 years$1,323$937$650$443$298$50
32 years$1,268$886$606$407$269$43
33 years$1,216$839$566$374$244$36
34 years$1,167$795$529$344$221$30
35 years$1,122$755$494$317$200$26
36 years$1,078$716$462$292$181$22
37 years$1,038$680$433$269$164$18
38 years$999$646$405$248$149$15
39 years$963$615$380$229$135$13
40 years$928$585$356$211$122$11
41 years$896$557$334$194$111$9
42 years$864$530$313$179$101$8
43 years$835$505$294$166$91$7
44 years$807$482$276$153$83$6
45 years$780$459$259$141$75$5
46 years$754$438$243$131$68$4
47 years$730$418$228$121$62$3
48 years$707$399$215$111$56$3
49 years$684$381$202$103$51$2
50 years$663$364$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $679,000, adding $4,075 every year, while hoping to spend $34,634 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: 39/50/11 Blend
58$679,000$679,000$679,000$679,000
59$752,461$716,474$705,950$779,154
60$792,362$714,731$692,749$796,678
61$835,172$711,742$677,945$811,904
62$881,151$707,409$661,448$827,599
63$930,585$701,628$643,163$843,818
64$983,787$694,291$622,991$860,628
65$1,041,102$685,279$600,830$878,104
66$1,102,907$674,471$576,570$896,332
67$1,169,618$661,735$550,100$915,409
68$1,241,692$646,932$521,301$935,444
69$1,319,629$629,917$490,049$956,564
70$1,403,982$610,533$456,216$978,908
71$1,495,356$588,617$419,667$1,002,636
72$1,594,417$563,994$380,261$1,027,927
73$1,701,898$536,480$337,850$1,054,982
74$1,818,604$505,881$292,281$1,084,029
75$1,945,424$471,990$243,394$1,115,321
76$2,083,330$434,591$191,021$1,149,146
77$2,233,396$393,452$134,987$1,185,824
78$2,396,802$348,331$75,108$1,225,713
79$2,574,847$298,971$11,196$1,269,215
80$2,768,960$245,099$0$1,316,781
81$2,980,714$186,429$0$1,375,602
82$3,211,841$122,658$0$1,441,386
83$3,464,246$53,465$0$1,513,468
84$3,740,027$0$0$1,592,573
85$4,041,495$0$0$1,691,328
86$4,371,192$0$0$1,831,588
87$4,731,918$0$0$1,985,138
88$5,126,757$0$0$2,153,302
89$5,559,102$0$0$2,337,539
90$6,032,694$0$0$2,539,452
91$6,551,649$0$0$2,760,810
92$7,120,501$0$0$3,003,560
93$7,744,244$0$0$3,269,847
94$8,428,379$0$0$3,562,032
95$9,178,964$0$0$3,882,719
96$10,002,672$0$0$4,234,772
97$10,906,852$0$0$4,621,349
98$11,899,602$0$0$5,045,928
99$12,989,840$0$0$5,512,339
100$14,187,392$0$0$6,024,804