Can I retire at age 59 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$58,961$58,436$57,924$57,424$56,935$54,937
2 years$29,189$28,645$28,118$27,608$27,112$25,120
3 years$19,266$18,720$18,194$17,688$17,201$15,277
4 years$14,305$13,761$13,241$12,744$12,268$10,428
5 years$11,330$10,789$10,275$9,788$9,326$7,574
6 years$9,347$8,810$8,304$7,828$7,379$5,717
7 years$7,931$7,399$6,901$6,436$6,001$4,428
8 years$6,870$6,342$5,852$5,399$4,979$3,493
9 years$6,044$5,522$5,041$4,598$4,193$2,793
10 years$5,385$4,867$4,395$3,964$3,572$2,256
11 years$4,845$4,333$3,869$3,450$3,072$1,837
12 years$4,396$3,889$3,434$3,026$2,662$1,506
13 years$4,016$3,515$3,068$2,671$2,322$1,240
14 years$3,691$3,195$2,756$2,371$2,035$1,025
15 years$3,409$2,918$2,489$2,115$1,792$850
16 years$3,163$2,678$2,256$1,894$1,584$707
17 years$2,946$2,466$2,053$1,701$1,404$589
18 years$2,754$2,279$1,874$1,533$1,249$492
19 years$2,581$2,112$1,716$1,385$1,113$411
20 years$2,427$1,962$1,575$1,255$994$344
21 years$2,287$1,828$1,448$1,139$890$289
22 years$2,160$1,706$1,335$1,035$797$242
23 years$2,044$1,596$1,233$943$716$203
24 years$1,938$1,495$1,140$860$643$171
25 years$1,841$1,403$1,056$785$579$143
26 years$1,751$1,319$979$718$521$121
27 years$1,668$1,241$909$657$470$101
28 years$1,591$1,169$845$602$424$85
29 years$1,520$1,103$787$552$383$72
30 years$1,453$1,042$733$507$346$60
31 years$1,391$985$683$466$313$51
32 years$1,333$932$637$428$283$43
33 years$1,279$883$595$393$256$36
34 years$1,227$837$556$362$232$30
35 years$1,179$793$520$333$210$26
36 years$1,134$753$486$307$190$21
37 years$1,091$715$455$283$173$18
38 years$1,051$680$426$261$156$15
39 years$1,012$646$399$240$142$13
40 years$976$615$374$222$129$11
41 years$942$585$351$205$117$9
42 years$909$557$329$189$106$8
43 years$878$531$309$174$96$6
44 years$848$506$290$161$87$5
45 years$820$483$272$149$79$5
46 years$793$461$256$137$72$4
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$3
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $714,000, adding $3,878 every year, while hoping to spend $41,241 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: 30/47/23 Blend
58$714,000$714,000$714,000$714,000
59$790,828$752,986$741,919$808,805
60$827,613$746,002$722,893$815,937
61$866,767$737,294$701,848$819,670
62$908,489$726,733$678,672$822,835
63$952,996$714,185$653,248$825,409
64$1,000,526$699,504$625,457$827,371
65$1,051,339$682,539$595,169$828,702
66$1,105,721$663,129$562,252$829,386
67$1,163,985$641,103$526,568$829,408
68$1,226,474$616,280$487,971$828,759
69$1,293,566$588,469$446,310$827,434
70$1,365,674$557,468$401,426$825,431
71$1,443,253$523,064$353,153$822,757
72$1,526,800$485,029$301,319$819,424
73$1,616,863$443,126$245,743$815,451
74$1,714,044$397,100$186,237$810,870
75$1,819,004$346,686$122,603$805,718
76$1,932,469$291,600$54,637$800,050
77$2,055,238$231,544$0$793,930
78$2,188,186$166,204$0$791,833
79$2,332,280$95,247$0$804,060
80$2,488,580$18,321$0$817,367
81$2,658,252$0$0$831,955
82$2,842,579$0$0$881,643
83$3,042,973$0$0$946,063
84$3,260,987$0$0$1,016,250
85$3,498,329$0$0$1,092,767
86$3,756,877$0$0$1,176,235
87$4,038,703$0$0$1,267,334
88$4,346,080$0$0$1,366,815
89$4,681,517$0$0$1,475,506
90$5,047,770$0$0$1,594,314
91$5,447,877$0$0$1,724,244
92$5,885,179$0$0$1,866,396
93$6,363,357$0$0$2,021,985
94$6,886,462$0$0$2,192,349
95$7,458,957$0$0$2,378,960
96$8,085,754$0$0$2,583,439
97$8,772,262$0$0$2,807,573
98$9,524,439$0$0$3,053,328
99$10,348,848$0$0$3,322,870
100$11,252,712$0$0$3,618,587