Can I retire at age 59 with 713,000?

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 $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%15.2%
1 years$58,879$58,354$57,843$57,343$56,856$55,639
2 years$29,148$28,605$28,079$27,569$27,074$25,855
3 years$19,239$18,694$18,169$17,664$17,177$15,992
4 years$14,285$13,742$13,222$12,726$12,251$11,110
5 years$11,314$10,774$10,261$9,775$9,313$8,220
6 years$9,334$8,798$8,292$7,817$7,369$6,324
7 years$7,920$7,388$6,891$6,427$5,993$4,997
8 years$6,860$6,333$5,844$5,391$4,972$4,024
9 years$6,036$5,514$5,034$4,592$4,187$3,286
10 years$5,377$4,860$4,388$3,958$3,567$2,714
11 years$4,839$4,327$3,863$3,445$3,068$2,260
12 years$4,390$3,884$3,429$3,022$2,659$1,895
13 years$4,011$3,510$3,063$2,668$2,318$1,598
14 years$3,686$3,190$2,752$2,368$2,032$1,353
15 years$3,405$2,914$2,485$2,112$1,789$1,150
16 years$3,159$2,674$2,253$1,891$1,582$981
17 years$2,942$2,462$2,050$1,699$1,402$839
18 years$2,750$2,275$1,872$1,531$1,247$719
19 years$2,578$2,109$1,713$1,384$1,111$617
20 years$2,423$1,960$1,572$1,253$993$530
21 years$2,284$1,825$1,446$1,137$888$457
22 years$2,157$1,704$1,333$1,034$796$394
23 years$2,041$1,594$1,231$942$715$340
24 years$1,935$1,493$1,138$859$642$293
25 years$1,838$1,401$1,054$784$578$253
26 years$1,749$1,317$978$717$521$219
27 years$1,666$1,239$908$656$469$190
28 years$1,589$1,168$844$601$424$164
29 years$1,518$1,102$785$552$383$142
30 years$1,451$1,040$732$506$346$123
31 years$1,389$984$682$465$312$107
32 years$1,331$931$636$427$283$92
33 years$1,277$881$594$393$256$80
34 years$1,226$835$555$361$232$69
35 years$1,178$792$519$333$210$60
36 years$1,132$752$486$306$190$52
37 years$1,090$714$454$282$172$45
38 years$1,049$679$426$260$156$39
39 years$1,011$645$399$240$142$34
40 years$975$614$374$221$128$30
41 years$940$585$350$204$117$26
42 years$908$557$329$188$106$22
43 years$877$530$308$174$96$19
44 years$847$506$290$161$87$17
45 years$819$482$272$148$79$15
46 years$792$460$255$137$72$13
47 years$766$439$240$127$65$11
48 years$742$419$225$117$59$10
49 years$719$400$212$108$54$8
50 years$696$382$199$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $713,000, adding $6,709 every year, while hoping to spend $20,438 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: 41/38/21 Blend
58$713,000$713,000$713,000$713,000
59$792,646$754,857$743,806$820,000
60$851,750$770,099$746,977$855,402
61$916,198$785,403$749,570$891,231
62$986,513$800,751$751,543$929,594
63$1,063,271$816,121$752,854$970,735
64$1,147,106$831,493$753,456$1,014,923
65$1,238,718$846,843$753,304$1,062,453
66$1,338,874$862,145$752,346$1,113,651
67$1,448,420$877,371$750,531$1,168,878
68$1,568,289$892,493$747,804$1,228,530
69$1,699,507$907,478$744,108$1,293,047
70$1,843,204$922,291$739,383$1,362,913
71$2,000,624$936,896$733,565$1,438,661
72$2,173,137$951,253$726,589$1,520,879
73$2,362,252$965,320$718,385$1,610,220
74$2,569,633$979,051$708,881$1,707,398
75$2,797,108$992,398$698,002$1,813,206
76$3,046,695$1,005,308$685,667$1,928,517
77$3,320,615$1,017,725$671,794$2,054,295
78$3,621,315$1,029,590$656,296$2,191,601
79$3,951,488$1,040,839$639,081$2,341,609
80$4,314,104$1,051,405$620,055$2,505,612
81$4,712,434$1,061,215$599,118$2,685,037
82$5,150,079$1,070,191$576,165$2,881,460
83$5,631,009$1,078,253$551,089$3,096,616
84$6,159,596$1,085,311$523,774$3,332,421
85$6,740,657$1,091,273$494,102$3,590,990
86$7,379,499$1,096,040$461,950$3,874,654
87$8,081,968$1,099,506$427,185$4,185,984
88$8,854,507$1,101,560$389,674$4,527,817
89$9,704,212$1,102,082$349,273$4,903,280
90$10,638,903$1,100,946$305,836$5,315,826
91$11,667,196$1,098,017$259,206$5,769,258
92$12,798,583$1,093,153$209,223$6,267,775
93$14,043,524$1,086,203$155,717$6,816,006
94$15,413,542$1,077,005$98,512$7,419,055
95$16,921,336$1,065,391$37,425$8,082,551
96$18,580,897$1,051,180$0$8,812,704
97$20,407,641$1,034,180$0$9,622,579
98$22,418,555$1,014,190$0$10,522,859
99$24,632,356$990,994$0$11,513,519
100$27,069,668$964,365$0$12,603,788