Can I retire at age 59 with 714,000?

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 $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%18.4%
1 years$58,961$58,436$57,924$57,424$56,935$55,003
2 years$29,189$28,645$28,118$27,608$27,112$25,184
3 years$19,266$18,720$18,194$17,688$17,201$15,339
4 years$14,305$13,761$13,241$12,744$12,268$10,485
5 years$11,330$10,789$10,275$9,788$9,326$7,628
6 years$9,347$8,810$8,304$7,828$7,379$5,767
7 years$7,931$7,399$6,901$6,436$6,001$4,474
8 years$6,870$6,342$5,852$5,399$4,979$3,536
9 years$6,044$5,522$5,041$4,598$4,193$2,833
10 years$5,385$4,867$4,395$3,964$3,572$2,293
11 years$4,845$4,333$3,869$3,450$3,072$1,871
12 years$4,396$3,889$3,434$3,026$2,662$1,536
13 years$4,016$3,515$3,068$2,671$2,322$1,267
14 years$3,691$3,195$2,756$2,371$2,035$1,050
15 years$3,409$2,918$2,489$2,115$1,792$873
16 years$3,163$2,678$2,256$1,894$1,584$727
17 years$2,946$2,466$2,053$1,701$1,404$607
18 years$2,754$2,279$1,874$1,533$1,249$508
19 years$2,581$2,112$1,716$1,385$1,113$426
20 years$2,427$1,962$1,575$1,255$994$357
21 years$2,287$1,828$1,448$1,139$890$300
22 years$2,160$1,706$1,335$1,035$797$252
23 years$2,044$1,596$1,233$943$716$212
24 years$1,938$1,495$1,140$860$643$179
25 years$1,841$1,403$1,056$785$579$151
26 years$1,751$1,319$979$718$521$127
27 years$1,668$1,241$909$657$470$107
28 years$1,591$1,169$845$602$424$90
29 years$1,520$1,103$787$552$383$76
30 years$1,453$1,042$733$507$346$64
31 years$1,391$985$683$466$313$54
32 years$1,333$932$637$428$283$46
33 years$1,279$883$595$393$256$39
34 years$1,227$837$556$362$232$33
35 years$1,179$793$520$333$210$27
36 years$1,134$753$486$307$190$23
37 years$1,091$715$455$283$173$20
38 years$1,051$680$426$261$156$17
39 years$1,012$646$399$240$142$14
40 years$976$615$374$222$129$12
41 years$942$585$351$205$117$10
42 years$909$557$329$189$106$8
43 years$878$531$309$174$96$7
44 years$848$506$290$161$87$6
45 years$820$483$272$149$79$5
46 years$793$461$256$137$72$4
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$3
49 years$720$401$212$108$54$3
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 $3,569 every year, while hoping to spend $39,104 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: 47/48/5 Blend
58$714,000$714,000$714,000$714,000
59$790,509$752,667$741,600$826,473
60$829,535$747,942$724,838$846,752
61$871,231$741,674$706,203$864,325
62$915,827$733,747$685,592$882,466
63$963,578$724,037$662,896$901,238
64$1,014,762$712,414$638,001$920,714
65$1,069,682$698,736$610,789$940,975
66$1,128,674$682,859$581,134$962,114
67$1,192,104$664,624$548,908$984,235
68$1,260,376$643,868$513,973$1,007,459
69$1,333,931$620,415$476,189$1,031,918
70$1,413,257$594,080$435,406$1,057,763
71$1,498,887$564,668$391,470$1,085,165
72$1,591,408$531,971$344,218$1,114,314
73$1,691,465$495,770$293,483$1,145,427
74$1,799,765$455,834$239,086$1,178,744
75$1,917,089$411,918$180,843$1,214,537
76$2,044,294$363,763$118,562$1,253,108
77$2,182,320$311,096$52,043$1,294,799
78$2,332,205$253,628$0$1,339,989
79$2,495,087$191,054$0$1,390,114
80$2,672,221$123,050$0$1,447,669
81$2,864,986$49,278$0$1,510,416
82$3,074,899$0$0$1,578,960
83$3,303,630$0$0$1,670,151
84$3,553,017$0$0$1,798,029
85$3,825,082$0$0$1,937,613
86$4,122,053$0$0$2,090,054
87$4,446,379$0$0$2,256,620
88$4,800,758$0$0$2,438,708
89$5,188,161$0$0$2,637,854
90$5,611,858$0$0$2,855,750
91$6,075,448$0$0$3,094,260
92$6,582,896$0$0$3,355,436
93$7,138,569$0$0$3,641,536
94$7,747,273$0$0$3,955,050
95$8,414,303$0$0$4,298,718
96$9,145,489$0$0$4,675,558
97$9,947,253$0$0$5,088,894
98$10,826,669$0$0$5,542,388
99$11,791,526$0$0$6,040,073
100$12,850,405$0$0$6,586,392