Can I retire at age 59 with 713,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$58,879$58,354$57,843$57,343$56,856$55,346
2 years$29,148$28,605$28,079$27,569$27,074$25,564
3 years$19,239$18,694$18,169$17,664$17,177$15,713
4 years$14,285$13,742$13,222$12,726$12,251$10,845
5 years$11,314$10,774$10,261$9,775$9,313$7,969
6 years$9,334$8,798$8,292$7,817$7,369$6,088
7 years$7,920$7,388$6,891$6,427$5,993$4,775
8 years$6,860$6,333$5,844$5,391$4,972$3,816
9 years$6,036$5,514$5,034$4,592$4,187$3,092
10 years$5,377$4,860$4,388$3,958$3,567$2,533
11 years$4,839$4,327$3,863$3,445$3,068$2,092
12 years$4,390$3,884$3,429$3,022$2,659$1,739
13 years$4,011$3,510$3,063$2,668$2,318$1,454
14 years$3,686$3,190$2,752$2,368$2,032$1,220
15 years$3,405$2,914$2,485$2,112$1,789$1,028
16 years$3,159$2,674$2,253$1,891$1,582$869
17 years$2,942$2,462$2,050$1,699$1,402$736
18 years$2,750$2,275$1,872$1,531$1,247$624
19 years$2,578$2,109$1,713$1,384$1,111$531
20 years$2,423$1,960$1,572$1,253$993$452
21 years$2,284$1,825$1,446$1,137$888$385
22 years$2,157$1,704$1,333$1,034$796$329
23 years$2,041$1,594$1,231$942$715$281
24 years$1,935$1,493$1,138$859$642$240
25 years$1,838$1,401$1,054$784$578$205
26 years$1,749$1,317$978$717$521$176
27 years$1,666$1,239$908$656$469$150
28 years$1,589$1,168$844$601$424$129
29 years$1,518$1,102$785$552$383$110
30 years$1,451$1,040$732$506$346$94
31 years$1,389$984$682$465$312$81
32 years$1,331$931$636$427$283$69
33 years$1,277$881$594$393$256$60
34 years$1,226$835$555$361$232$51
35 years$1,178$792$519$333$210$44
36 years$1,132$752$486$306$190$38
37 years$1,090$714$454$282$172$32
38 years$1,049$679$426$260$156$28
39 years$1,011$645$399$240$142$24
40 years$975$614$374$221$128$20
41 years$940$585$350$204$117$17
42 years$908$557$329$188$106$15
43 years$877$530$308$174$96$13
44 years$847$506$290$161$87$11
45 years$819$482$272$148$79$9
46 years$792$460$255$137$72$8
47 years$766$439$240$127$65$7
48 years$742$419$225$117$59$6
49 years$719$400$212$108$54$5
50 years$696$382$199$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $713,000, adding $4,414 every year, while hoping to spend $25,244 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: 83/6/11 Blend
58$713,000$713,000$713,000$713,000
59$790,279$752,490$741,439$854,073
60$844,028$762,503$739,417$906,503
61$902,413$772,160$736,482$960,257
62$965,881$781,417$732,576$1,018,527
63$1,034,923$790,228$727,639$1,081,752
64$1,110,078$798,543$721,608$1,150,416
65$1,191,941$806,306$714,417$1,225,051
66$1,281,166$813,463$705,997$1,306,246
67$1,378,473$819,950$696,276$1,394,645
68$1,484,655$825,705$685,178$1,490,961
69$1,600,582$830,657$672,624$1,595,978
70$1,727,215$834,733$658,531$1,710,561
71$1,865,611$837,855$642,812$1,835,662
72$2,016,934$839,940$625,377$1,972,328
73$2,182,464$840,900$606,130$2,121,716
74$2,363,612$840,641$584,972$2,285,099
75$2,561,931$839,063$561,799$2,463,879
76$2,779,131$836,060$536,502$2,659,601
77$3,017,096$831,520$508,968$2,873,969
78$3,277,900$825,325$479,079$3,108,859
79$3,563,827$817,347$446,709$3,366,338
80$3,877,393$807,453$411,730$3,648,684
81$4,221,370$795,502$374,006$3,958,409
82$4,598,810$781,341$333,396$4,298,279
83$5,013,075$764,814$289,751$4,671,341
84$5,467,869$745,749$242,917$5,080,956
85$5,967,270$723,969$192,734$5,530,825
86$6,515,773$699,285$139,032$6,025,027
87$7,118,329$671,497$81,636$6,568,060
88$7,780,390$640,392$20,362$7,164,876
89$8,507,965$605,747$0$7,820,935
90$9,307,674$567,325$0$8,547,539
91$10,186,807$524,874$0$9,348,927
92$11,153,399$478,131$0$10,230,038
93$12,216,301$426,814$0$11,198,951
94$13,385,264$370,629$0$12,264,566
95$14,671,033$309,261$0$13,436,691
96$16,085,445$242,382$0$14,726,132
97$17,641,544$169,642$0$16,144,796
98$19,353,699$90,672$0$17,705,806
99$21,237,744$5,083$0$19,423,618
100$23,311,126$0$0$21,314,165