Can I retire at age 59 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$59,209$58,682$58,167$57,665$57,175$56,862
2 years$29,311$28,766$28,237$27,724$27,226$26,911
3 years$19,347$18,799$18,271$17,763$17,273$16,965
4 years$14,366$13,819$13,297$12,797$12,319$12,020
5 years$11,378$10,834$10,319$9,829$9,365$9,076
6 years$9,386$8,847$8,339$7,861$7,410$7,132
7 years$7,964$7,430$6,930$6,463$6,027$5,759
8 years$6,898$6,369$5,877$5,421$5,000$4,743
9 years$6,070$5,545$5,062$4,618$4,210$3,964
10 years$5,407$4,888$4,413$3,981$3,587$3,352
11 years$4,866$4,351$3,885$3,464$3,085$2,860
12 years$4,415$3,905$3,448$3,039$2,674$2,458
13 years$4,033$3,529$3,081$2,683$2,331$2,126
14 years$3,707$3,208$2,768$2,381$2,044$1,848
15 years$3,424$2,931$2,499$2,124$1,800$1,614
16 years$3,177$2,689$2,266$1,902$1,590$1,414
17 years$2,959$2,476$2,062$1,709$1,410$1,242
18 years$2,765$2,288$1,882$1,540$1,254$1,095
19 years$2,592$2,121$1,723$1,391$1,118$967
20 years$2,437$1,971$1,581$1,260$998$856
21 years$2,296$1,836$1,454$1,144$893$759
22 years$2,169$1,713$1,340$1,040$801$673
23 years$2,053$1,603$1,238$947$719$599
24 years$1,946$1,501$1,145$864$646$533
25 years$1,849$1,409$1,060$789$581$475
26 years$1,758$1,324$983$721$524$423
27 years$1,675$1,246$913$660$472$378
28 years$1,598$1,174$849$605$426$337
29 years$1,526$1,108$790$555$385$302
30 years$1,460$1,046$736$509$348$270
31 years$1,397$989$686$468$314$241
32 years$1,339$936$640$430$284$216
33 years$1,284$886$598$395$257$193
34 years$1,233$840$558$364$233$173
35 years$1,184$797$522$335$211$155
36 years$1,139$756$488$308$191$139
37 years$1,096$718$457$284$173$125
38 years$1,055$683$428$262$157$112
39 years$1,017$649$401$241$142$100
40 years$980$618$376$223$129$90
41 years$946$588$352$205$117$81
42 years$913$560$331$190$106$72
43 years$882$533$310$175$97$65
44 years$852$508$291$162$88$58
45 years$824$485$273$149$80$52
46 years$797$463$257$138$72$47
47 years$771$441$241$127$66$42
48 years$746$421$227$118$60$38
49 years$723$402$213$109$54$34
50 years$700$384$200$101$49$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $717,000, adding $4,347 every year, while hoping to spend $50,982 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: 61/30/9 Blend
58$717,000$717,000$717,000$717,000
59$794,618$756,617$745,503$841,250
60$821,425$739,447$716,233$855,838
61$849,257$719,726$684,274$865,506
62$878,165$697,277$649,482$874,778
63$908,204$671,910$611,705$883,620
64$939,432$643,425$570,789$891,991
65$971,911$611,609$526,567$899,853
66$1,005,707$576,239$478,868$907,164
67$1,040,892$537,078$427,513$913,879
68$1,077,543$493,875$372,315$919,956
69$1,115,743$446,365$313,077$925,349
70$1,155,580$394,268$249,597$930,009
71$1,197,150$337,289$181,660$933,889
72$1,240,558$275,114$109,043$936,940
73$1,285,913$207,413$31,515$939,110
74$1,333,338$133,838$0$940,350
75$1,382,963$54,020$0$945,525
76$1,434,928$0$0$953,216
77$1,489,387$0$0$971,071
78$1,546,506$0$0$1,008,519
79$1,606,465$0$0$1,047,846
80$1,669,459$0$0$1,089,182
81$1,735,702$0$0$1,132,671
82$1,805,424$0$0$1,178,465
83$1,878,877$0$0$1,226,734
84$1,956,336$0$0$1,277,660
85$2,038,098$0$0$1,331,443
86$2,124,490$0$0$1,388,301
87$2,215,867$0$0$1,448,472
88$2,312,616$0$0$1,512,215
89$2,415,162$0$0$1,579,814
90$2,523,968$0$0$1,651,578
91$2,639,539$0$0$1,727,847
92$2,762,429$0$0$1,808,992
93$2,893,244$0$0$1,895,418
94$3,032,648$0$0$1,987,569
95$3,181,366$0$0$2,085,932
96$3,340,194$0$0$2,191,041
97$3,510,003$0$0$2,303,480
98$3,691,751$0$0$2,423,890
99$3,886,483$0$0$2,552,973
100$4,095,351$0$0$2,691,501