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%11.6%
1 years$57,805$57,290$56,788$56,298$55,819$55,444
2 years$28,617$28,084$27,567$27,066$26,580$26,202
3 years$18,888$18,353$17,838$17,342$16,864$16,494
4 years$14,025$13,491$12,981$12,494$12,027$11,669
5 years$11,108$10,577$10,074$9,596$9,143$8,797
6 years$9,164$8,637$8,141$7,674$7,235$6,901
7 years$7,776$7,254$6,765$6,309$5,884$5,564
8 years$6,735$6,218$5,738$5,293$4,881$4,574
9 years$5,926$5,414$4,942$4,508$4,111$3,816
10 years$5,279$4,772$4,308$3,886$3,502$3,221
11 years$4,750$4,248$3,793$3,382$3,012$2,743
12 years$4,310$3,813$3,366$2,967$2,610$2,354
13 years$3,938$3,446$3,008$2,619$2,276$2,032
14 years$3,619$3,132$2,702$2,325$1,995$1,763
15 years$3,343$2,861$2,440$2,073$1,757$1,536
16 years$3,101$2,625$2,212$1,857$1,553$1,343
17 years$2,889$2,418$2,013$1,668$1,377$1,178
18 years$2,700$2,234$1,837$1,503$1,224$1,036
19 years$2,531$2,070$1,682$1,358$1,091$913
20 years$2,379$1,924$1,544$1,230$975$806
21 years$2,242$1,792$1,420$1,117$872$713
22 years$2,117$1,673$1,309$1,015$782$632
23 years$2,004$1,565$1,208$925$702$560
24 years$1,900$1,466$1,118$843$631$497
25 years$1,805$1,376$1,035$770$568$442
26 years$1,717$1,293$960$704$511$393
27 years$1,635$1,217$891$645$461$350
28 years$1,560$1,147$829$591$416$312
29 years$1,490$1,082$771$542$376$278
30 years$1,425$1,021$718$497$339$248
31 years$1,364$966$670$456$307$222
32 years$1,307$914$625$419$278$198
33 years$1,254$865$583$386$251$177
34 years$1,203$820$545$355$227$158
35 years$1,156$778$510$327$206$141
36 years$1,112$738$477$301$187$126
37 years$1,070$701$446$277$169$113
38 years$1,030$666$418$256$153$101
39 years$993$634$391$236$139$90
40 years$957$603$367$217$126$81
41 years$923$574$344$201$114$72
42 years$891$547$323$185$104$65
43 years$861$521$303$171$94$58
44 years$832$496$284$158$86$52
45 years$804$473$267$146$78$46
46 years$778$452$251$135$70$42
47 years$753$431$236$124$64$37
48 years$728$411$221$115$58$33
49 years$705$393$208$106$53$30
50 years$683$375$196$98$48$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $700,000, adding $6,757 every year, while hoping to spend $21,647 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: 47/34/19 Blend
58$700,000$700,000$700,000$700,000
59$778,370$741,270$730,420$810,464
60$834,731$754,560$731,857$846,808
61$896,116$767,776$732,616$883,515
62$963,014$780,890$732,653$922,902
63$1,035,963$793,876$731,918$965,228
64$1,115,557$806,702$730,363$1,010,778
65$1,202,448$819,334$727,935$1,059,869
66$1,297,355$831,739$724,578$1,112,851
67$1,401,069$843,877$720,234$1,170,106
68$1,514,459$855,709$714,844$1,232,061
69$1,638,486$867,191$708,343$1,299,184
70$1,774,205$878,276$700,666$1,371,992
71$1,922,777$888,915$691,741$1,451,056
72$2,085,483$899,055$681,498$1,537,006
73$2,263,733$908,639$669,858$1,630,536
74$2,459,078$917,607$656,743$1,732,413
75$2,673,229$925,894$642,069$1,843,484
76$2,908,068$933,432$625,747$1,964,682
77$3,165,668$940,148$607,688$2,097,037
78$3,448,315$945,964$587,794$2,241,686
79$3,758,524$950,797$565,965$2,399,883
80$4,099,066$954,558$542,098$2,573,011
81$4,472,994$957,155$516,082$2,762,597
82$4,883,672$958,488$487,803$2,970,324
83$5,334,803$958,451$457,141$3,198,051
84$5,830,469$956,931$423,971$3,447,826
85$6,375,165$953,809$388,163$3,721,909
86$6,973,846$948,959$349,580$4,022,796
87$7,631,967$942,247$308,079$4,353,235
88$8,355,540$933,529$263,512$4,716,260
89$9,151,188$922,656$215,723$5,115,219
90$10,026,209$909,466$164,550$5,553,801
91$10,988,643$893,790$109,823$6,036,077
92$12,047,347$875,448$51,364$6,566,536
93$13,212,082$854,251$0$7,150,129
94$14,493,601$829,996$0$7,794,551
95$15,903,752$802,469$0$8,514,846
96$17,455,591$771,446$0$9,307,271
97$19,163,501$736,687$0$10,179,191
98$21,043,332$697,939$0$11,138,725
99$23,112,549$654,934$0$12,194,821
100$25,390,393$607,391$0$13,357,346