Can I retire at age 59 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$57,805$57,290$56,788$56,298$55,819$55,537
2 years$28,617$28,084$27,567$27,066$26,580$26,296
3 years$18,888$18,353$17,838$17,342$16,864$16,585
4 years$14,025$13,491$12,981$12,494$12,027$11,757
5 years$11,108$10,577$10,074$9,596$9,143$8,882
6 years$9,164$8,637$8,141$7,674$7,235$6,983
7 years$7,776$7,254$6,765$6,309$5,884$5,642
8 years$6,735$6,218$5,738$5,293$4,881$4,649
9 years$5,926$5,414$4,942$4,508$4,111$3,888
10 years$5,279$4,772$4,308$3,886$3,502$3,289
11 years$4,750$4,248$3,793$3,382$3,012$2,808
12 years$4,310$3,813$3,366$2,967$2,610$2,416
13 years$3,938$3,446$3,008$2,619$2,276$2,091
14 years$3,619$3,132$2,702$2,325$1,995$1,819
15 years$3,343$2,861$2,440$2,073$1,757$1,589
16 years$3,101$2,625$2,212$1,857$1,553$1,393
17 years$2,889$2,418$2,013$1,668$1,377$1,225
18 years$2,700$2,234$1,837$1,503$1,224$1,080
19 years$2,531$2,070$1,682$1,358$1,091$955
20 years$2,379$1,924$1,544$1,230$975$845
21 years$2,242$1,792$1,420$1,117$872$750
22 years$2,117$1,673$1,309$1,015$782$666
23 years$2,004$1,565$1,208$925$702$593
24 years$1,900$1,466$1,118$843$631$528
25 years$1,805$1,376$1,035$770$568$471
26 years$1,717$1,293$960$704$511$420
27 years$1,635$1,217$891$645$461$375
28 years$1,560$1,147$829$591$416$335
29 years$1,490$1,082$771$542$376$300
30 years$1,425$1,021$718$497$339$269
31 years$1,364$966$670$456$307$240
32 years$1,307$914$625$419$278$215
33 years$1,254$865$583$386$251$193
34 years$1,203$820$545$355$227$173
35 years$1,156$778$510$327$206$155
36 years$1,112$738$477$301$187$139
37 years$1,070$701$446$277$169$125
38 years$1,030$666$418$256$153$112
39 years$993$634$391$236$139$101
40 years$957$603$367$217$126$90
41 years$923$574$344$201$114$81
42 years$891$547$323$185$104$73
43 years$861$521$303$171$94$65
44 years$832$496$284$158$86$59
45 years$804$473$267$146$78$53
46 years$778$452$251$135$70$47
47 years$753$431$236$124$64$43
48 years$728$411$221$115$58$38
49 years$705$393$208$106$53$34
50 years$683$375$196$98$48$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $700,000, adding $4,446 every year, while hoping to spend $39,955 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: 48/40/12 Blend
58$700,000$700,000$700,000$700,000
59$775,986$738,886$728,036$810,460
60$812,625$732,580$709,913$828,365
61$851,662$724,625$689,845$843,285
62$893,299$714,900$667,722$858,585
63$937,758$703,273$643,434$874,315
64$985,283$689,606$616,862$890,530
65$1,036,139$673,754$587,884$907,296
66$1,090,619$655,562$556,372$924,685
67$1,149,042$634,865$522,191$942,782
68$1,211,761$611,490$485,201$961,683
69$1,279,161$585,253$445,256$981,497
70$1,351,666$555,961$402,202$1,002,347
71$1,429,740$523,407$355,880$1,024,373
72$1,513,894$487,374$306,122$1,047,734
73$1,604,689$447,633$252,755$1,072,608
74$1,702,741$403,941$195,596$1,099,196
75$1,808,727$356,040$134,455$1,127,727
76$1,923,391$303,660$69,133$1,158,455
77$2,047,551$246,514$0$1,191,666
78$2,182,107$184,299$0$1,227,758
79$2,328,047$116,695$0$1,276,467
80$2,486,460$43,365$0$1,329,367
81$2,658,540$0$0$1,386,941
82$2,845,604$0$0$1,465,593
83$3,049,099$0$0$1,571,986
84$3,270,618$0$0$1,687,873
85$3,511,913$0$0$1,814,180
86$3,774,912$0$0$1,951,927
87$4,061,738$0$0$2,102,233
88$4,374,726$0$0$2,266,334
89$4,716,448$0$0$2,445,588
90$5,089,733$0$0$2,641,491
91$5,497,699$0$0$2,855,689
92$5,943,774$0$0$3,089,995
93$6,431,736$0$0$3,346,406
94$6,965,744$0$0$3,627,119
95$7,550,377$0$0$3,934,556
96$8,190,678$0$0$4,271,382
97$8,892,199$0$0$4,640,532
98$9,661,056$0$0$5,045,240
99$10,503,986$0$0$5,489,066
100$11,428,405$0$0$5,975,933