Can I retire at age 59 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$59,044$58,518$58,005$57,504$57,015$56,373
2 years$29,230$28,685$28,158$27,646$27,150$26,503
3 years$19,293$18,746$18,220$17,713$17,225$16,594
4 years$14,325$13,780$13,259$12,761$12,285$11,675
5 years$11,346$10,804$10,290$9,802$9,339$8,751
6 years$9,360$8,822$8,316$7,839$7,390$6,825
7 years$7,942$7,409$6,910$6,445$6,010$5,468
8 years$6,879$6,351$5,861$5,406$4,986$4,468
9 years$6,053$5,530$5,048$4,605$4,199$3,704
10 years$5,392$4,874$4,401$3,969$3,577$3,105
11 years$4,852$4,339$3,874$3,455$3,077$2,627
12 years$4,402$3,895$3,438$3,030$2,666$2,238
13 years$4,022$3,519$3,072$2,675$2,325$1,919
14 years$3,696$3,199$2,760$2,375$2,038$1,652
15 years$3,414$2,922$2,492$2,118$1,794$1,429
16 years$3,168$2,681$2,259$1,896$1,586$1,240
17 years$2,950$2,469$2,056$1,704$1,406$1,079
18 years$2,757$2,282$1,877$1,535$1,250$942
19 years$2,585$2,115$1,718$1,387$1,114$823
20 years$2,430$1,965$1,577$1,257$995$721
21 years$2,290$1,830$1,450$1,140$891$633
22 years$2,163$1,709$1,337$1,037$799$556
23 years$2,047$1,598$1,234$944$717$489
24 years$1,941$1,497$1,141$861$644$431
25 years$1,843$1,405$1,057$787$580$379
26 years$1,754$1,321$981$719$522$335
27 years$1,671$1,243$911$658$471$295
28 years$1,594$1,171$846$603$425$261
29 years$1,522$1,105$788$553$384$231
30 years$1,455$1,043$734$508$347$204
31 years$1,393$986$684$466$313$180
32 years$1,335$933$638$428$283$160
33 years$1,280$884$596$394$257$141
34 years$1,229$838$557$363$232$125
35 years$1,181$795$521$334$210$111
36 years$1,136$754$487$307$191$98
37 years$1,093$716$456$283$173$87
38 years$1,052$681$427$261$157$77
39 years$1,014$647$400$241$142$68
40 years$978$616$375$222$129$60
41 years$943$586$351$205$117$54
42 years$910$558$330$189$106$48
43 years$879$532$309$174$96$42
44 years$850$507$290$161$87$37
45 years$821$484$273$149$79$33
46 years$794$461$256$137$72$29
47 years$769$440$241$127$65$26
48 years$744$420$226$117$59$23
49 years$721$401$213$108$54$21
50 years$698$383$200$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $715,000, adding $2,606 every year, while hoping to spend $42,261 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: 34/37/29 Blend
58$715,000$715,000$715,000$715,000
59$790,618$752,723$741,641$810,496
60$826,296$744,641$721,520$817,676
61$864,196$734,747$699,309$821,468
62$904,501$722,907$674,893$824,747
63$947,411$708,979$648,152$827,498
64$993,142$692,815$618,961$829,707
65$1,041,935$674,255$587,188$831,363
66$1,094,050$653,131$552,697$832,457
67$1,149,775$629,267$515,345$832,985
68$1,209,425$602,473$474,981$832,947
69$1,273,343$572,551$431,450$832,349
70$1,341,908$539,291$384,588$831,202
71$1,415,536$502,469$334,225$829,523
72$1,494,681$461,851$280,182$827,339
73$1,579,845$417,187$222,274$824,685
74$1,671,575$368,215$160,306$821,607
75$1,770,475$314,657$94,075$818,162
76$1,877,207$256,219$23,371$814,421
77$1,992,500$192,592$0$810,470
78$2,117,152$123,446$0$822,529
79$2,252,044$48,438$0$843,370
80$2,398,142$0$0$865,974
81$2,556,508$0$0$903,942
82$2,728,310$0$0$966,614
83$2,914,834$0$0$1,034,749
84$3,117,493$0$0$1,108,873
85$3,337,842$0$0$1,189,569
86$3,577,590$0$0$1,277,475
87$3,838,621$0$0$1,373,294
88$4,123,004$0$0$1,477,800
89$4,433,019$0$0$1,591,846
90$4,771,174$0$0$1,716,369
91$5,140,229$0$0$1,852,400
92$5,543,223$0$0$2,001,078
93$5,983,501$0$0$2,163,652
94$6,464,746$0$0$2,341,500
95$6,991,013$0$0$2,536,139
96$7,566,765$0$0$2,749,239
97$8,196,917$0$0$2,982,640
98$8,886,883$0$0$3,238,366
99$9,642,622$0$0$3,518,648
100$10,470,699$0$0$3,825,943