Can I retire at age 59 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$56,567$56,063$55,571$55,091$54,623$52,790
2 years$28,003$27,482$26,976$26,486$26,011$24,182
3 years$18,483$17,960$17,455$16,970$16,502$14,736
4 years$13,724$13,202$12,703$12,226$11,770$10,078
5 years$10,870$10,351$9,858$9,391$8,947$7,335
6 years$8,967$8,452$7,967$7,510$7,080$5,549
7 years$7,609$7,098$6,620$6,174$5,758$4,308
8 years$6,591$6,084$5,615$5,179$4,776$3,406
9 years$5,799$5,298$4,836$4,412$4,022$2,731
10 years$5,166$4,670$4,216$3,803$3,427$2,211
11 years$4,649$4,157$3,712$3,310$2,948$1,805
12 years$4,218$3,731$3,294$2,903$2,554$1,483
13 years$3,853$3,372$2,943$2,563$2,227$1,225
14 years$3,541$3,065$2,644$2,275$1,953$1,015
15 years$3,271$2,800$2,387$2,029$1,719$845
16 years$3,035$2,569$2,165$1,817$1,519$704
17 years$2,827$2,366$1,970$1,632$1,347$589
18 years$2,642$2,186$1,798$1,471$1,198$493
19 years$2,477$2,026$1,646$1,329$1,068$414
20 years$2,328$1,883$1,511$1,204$954$347
21 years$2,194$1,754$1,390$1,093$853$292
22 years$2,072$1,637$1,281$993$765$246
23 years$1,961$1,531$1,182$905$687$207
24 years$1,859$1,434$1,094$825$617$174
25 years$1,766$1,346$1,013$754$555$147
26 years$1,680$1,265$939$689$500$124
27 years$1,600$1,191$872$631$451$104
28 years$1,527$1,122$811$578$407$88
29 years$1,458$1,058$755$530$368$74
30 years$1,394$1,000$703$486$332$63
31 years$1,335$945$655$447$300$53
32 years$1,279$894$611$410$272$45
33 years$1,227$847$571$377$246$38
34 years$1,178$803$533$347$223$32
35 years$1,131$761$499$320$202$27
36 years$1,088$722$467$294$183$23
37 years$1,047$686$437$271$166$19
38 years$1,008$652$409$250$150$16
39 years$971$620$383$231$136$14
40 years$937$590$359$213$123$12
41 years$903$562$337$196$112$10
42 years$872$535$316$181$102$8
43 years$842$510$296$167$92$7
44 years$814$486$278$154$84$6
45 years$787$463$261$143$76$5
46 years$761$442$245$132$69$4
47 years$736$422$230$122$63$4
48 years$713$403$217$112$57$3
49 years$690$384$204$104$52$3
50 years$669$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $685,000, adding $6,469 every year, while hoping to spend $33,040 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: 51/26/23 Blend
58$685,000$685,000$685,000$685,000
59$761,543$725,238$714,620$795,189
60$804,066$725,620$703,406$819,557
61$849,819$724,914$690,708$842,141
62$899,097$723,031$676,443$866,014
63$952,222$719,877$660,522$891,312
64$1,009,551$715,354$642,852$918,187
65$1,071,475$709,355$623,336$946,804
66$1,138,421$701,769$601,874$977,353
67$1,210,862$692,478$578,358$1,010,039
68$1,289,316$681,355$552,680$1,045,094
69$1,374,353$668,268$524,721$1,082,774
70$1,466,600$653,077$494,362$1,123,365
71$1,566,746$635,630$461,477$1,167,183
72$1,675,549$615,772$425,931$1,214,580
73$1,793,844$593,333$387,589$1,265,946
74$1,922,548$568,138$346,305$1,321,715
75$2,062,670$539,999$301,928$1,382,367
76$2,215,321$508,718$254,301$1,448,435
77$2,381,723$474,085$203,260$1,520,510
78$2,563,223$435,879$148,633$1,599,247
79$2,761,300$393,865$90,241$1,685,372
80$2,977,585$347,797$27,896$1,779,688
81$3,213,872$297,412$0$1,883,088
82$3,472,136$242,435$0$2,006,039
83$3,754,553$182,572$0$2,148,074
84$4,063,516$117,517$0$2,303,601
85$4,401,662$46,943$0$2,474,012
86$4,771,894$0$0$2,660,845
87$5,177,410$0$0$2,874,237
88$5,621,731$0$0$3,122,833
89$6,108,733$0$0$3,395,382
90$6,642,687$0$0$3,694,283
91$7,228,297$0$0$4,022,178
92$7,870,742$0$0$4,381,976
93$8,575,730$0$0$4,776,885
94$9,349,545$0$0$5,210,435
95$10,199,110$0$0$5,686,516
96$11,132,053$0$0$6,209,412
97$12,156,773$0$0$6,783,844
98$13,282,526$0$0$7,415,012
99$14,519,508$0$0$8,108,644
100$15,878,950$0$0$8,871,052