Can I retire at age 59 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$56,649$56,145$55,652$55,172$54,703$53,532
2 years$28,044$27,522$27,016$26,525$26,049$24,876
3 years$18,510$17,986$17,481$16,995$16,526$15,387
4 years$13,744$13,222$12,722$12,244$11,787$10,690
5 years$10,886$10,366$9,873$9,404$8,960$7,908
6 years$8,980$8,464$7,978$7,521$7,090$6,085
7 years$7,620$7,108$6,630$6,183$5,766$4,807
8 years$6,600$6,093$5,623$5,187$4,783$3,871
9 years$5,807$5,305$4,843$4,418$4,028$3,162
10 years$5,174$4,676$4,222$3,808$3,432$2,611
11 years$4,655$4,163$3,717$3,315$2,952$2,174
12 years$4,224$3,737$3,299$2,907$2,558$1,823
13 years$3,859$3,377$2,947$2,567$2,231$1,537
14 years$3,546$3,069$2,648$2,278$1,955$1,302
15 years$3,276$2,804$2,391$2,032$1,722$1,107
16 years$3,039$2,573$2,168$1,819$1,522$944
17 years$2,831$2,369$1,973$1,635$1,349$807
18 years$2,646$2,189$1,801$1,473$1,200$691
19 years$2,480$2,029$1,648$1,331$1,069$594
20 years$2,331$1,885$1,513$1,206$955$510
21 years$2,197$1,756$1,392$1,094$855$439
22 years$2,075$1,639$1,283$995$766$379
23 years$1,964$1,533$1,184$906$688$327
24 years$1,862$1,437$1,095$826$618$282
25 years$1,769$1,348$1,014$755$556$244
26 years$1,682$1,267$941$690$501$211
27 years$1,603$1,192$874$632$452$182
28 years$1,529$1,124$812$579$408$158
29 years$1,460$1,060$756$531$368$137
30 years$1,396$1,001$704$487$333$118
31 years$1,337$946$656$447$301$103
32 years$1,281$895$612$411$272$89
33 years$1,229$848$572$378$246$77
34 years$1,179$804$534$348$223$67
35 years$1,133$762$499$320$202$58
36 years$1,090$724$467$295$183$50
37 years$1,048$687$437$272$166$44
38 years$1,010$653$409$250$150$38
39 years$973$621$384$231$136$33
40 years$938$591$360$213$124$28
41 years$905$562$337$196$112$25
42 years$873$536$316$181$102$21
43 years$844$510$297$167$92$19
44 years$815$486$279$155$84$16
45 years$788$464$262$143$76$14
46 years$762$443$246$132$69$12
47 years$737$422$231$122$63$11
48 years$714$403$217$113$57$9
49 years$691$385$204$104$52$8
50 years$670$368$192$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $686,000, adding $6,062 every year, while hoping to spend $54,503 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: 63/18/19 Blend
58$686,000$686,000$686,000$686,000
59$762,225$725,867$715,234$806,191
60$781,981$703,444$681,204$814,094
61$801,926$678,095$644,206$816,035
62$822,020$649,620$604,086$816,880
63$842,221$617,806$560,677$816,528
64$862,478$582,428$513,810$814,868
65$882,732$543,249$463,304$811,778
66$902,920$500,017$408,973$807,132
67$922,966$452,466$350,623$800,787
68$942,787$400,316$288,047$792,594
69$962,289$343,269$221,034$782,389
70$981,365$281,012$149,362$769,995
71$999,896$213,214$72,797$755,222
72$1,017,748$139,523$0$737,863
73$1,034,771$59,572$0$719,501
74$1,050,796$0$0$713,955
75$1,065,635$0$0$711,596
76$1,079,080$0$0$720,040
77$1,090,895$0$0$727,326
78$1,100,821$0$0$733,271
79$1,108,567$0$0$737,672
80$1,113,810$0$0$740,305
81$1,116,191$0$0$740,920
82$1,115,311$0$0$739,238
83$1,110,727$0$0$734,950
84$1,101,948$0$0$727,716
85$1,088,428$0$0$717,154
86$1,069,563$0$0$702,844
87$1,044,682$0$0$684,319
88$1,013,043$0$0$661,063
89$973,823$0$0$632,503
90$926,113$0$0$598,007
91$868,905$0$0$556,874
92$801,083$0$0$508,327
93$721,416$0$0$451,511
94$628,540$0$0$385,476
95$520,946$0$0$309,175
96$396,969$0$0$221,449
97$254,768$0$0$121,019
98$92,307$0$0$6,469
99$0$0$0$0
100$0$0$0$0