Can I retire at age 59 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$59,292$58,764$58,248$57,745$57,254$56,515
2 years$29,352$28,806$28,276$27,762$27,264$26,521
3 years$19,374$18,825$18,296$17,788$17,297$16,573
4 years$14,386$13,838$13,315$12,815$12,337$11,636
5 years$11,393$10,849$10,333$9,843$9,378$8,704
6 years$9,399$8,859$8,351$7,872$7,421$6,773
7 years$7,975$7,440$6,939$6,472$6,035$5,415
8 years$6,908$6,377$5,885$5,429$5,007$4,414
9 years$6,078$5,553$5,069$4,624$4,216$3,651
10 years$5,415$4,894$4,419$3,986$3,592$3,053
11 years$4,872$4,357$3,891$3,469$3,090$2,577
12 years$4,421$3,911$3,453$3,043$2,677$2,190
13 years$4,039$3,534$3,085$2,686$2,335$1,872
14 years$3,712$3,213$2,772$2,385$2,047$1,608
15 years$3,429$2,935$2,503$2,127$1,802$1,387
16 years$3,181$2,693$2,269$1,904$1,593$1,200
17 years$2,963$2,480$2,065$1,711$1,412$1,042
18 years$2,769$2,291$1,885$1,542$1,256$906
19 years$2,596$2,124$1,725$1,393$1,119$790
20 years$2,440$1,973$1,583$1,262$1,000$690
21 years$2,300$1,838$1,456$1,145$895$604
22 years$2,172$1,716$1,342$1,041$802$529
23 years$2,056$1,605$1,239$948$720$464
24 years$1,949$1,504$1,146$865$647$407
25 years$1,851$1,411$1,062$790$582$358
26 years$1,761$1,326$985$722$524$314
27 years$1,678$1,248$914$661$473$277
28 years$1,600$1,176$850$606$427$244
29 years$1,528$1,109$791$555$385$214
30 years$1,462$1,048$737$510$348$189
31 years$1,399$990$687$468$315$167
32 years$1,341$937$641$430$285$147
33 years$1,286$888$598$396$258$130
34 years$1,234$841$559$364$233$114
35 years$1,186$798$523$335$211$101
36 years$1,140$757$489$309$191$89
37 years$1,097$719$458$284$173$79
38 years$1,057$684$429$262$157$69
39 years$1,018$650$402$242$143$61
40 years$982$618$376$223$129$54
41 years$947$589$353$206$117$48
42 years$914$561$331$190$106$42
43 years$883$534$311$175$97$37
44 years$853$509$292$162$88$33
45 years$825$486$274$149$80$29
46 years$798$463$257$138$72$26
47 years$772$442$242$128$66$23
48 years$747$422$227$118$60$20
49 years$724$403$213$109$54$18
50 years$701$385$201$101$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $718,000, adding $3,614 every year, while hoping to spend $30,236 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: 47/25/28 Blend
58$718,000$718,000$718,000$718,000
59$794,964$756,910$745,781$825,798
60$843,879$761,828$738,594$852,840
61$896,771$765,973$730,152$878,950
62$954,012$769,276$720,383$906,709
63$1,016,013$771,663$709,208$936,289
64$1,083,227$773,054$696,546$967,880
65$1,156,148$773,367$682,313$1,001,692
66$1,235,325$772,511$666,420$1,037,960
67$1,321,357$770,393$648,774$1,076,942
68$1,414,905$766,912$629,278$1,118,927
69$1,516,696$761,961$607,830$1,164,235
70$1,627,531$755,429$584,323$1,213,218
71$1,748,288$747,194$558,647$1,266,269
72$1,879,937$737,131$530,686$1,323,824
73$2,023,545$725,104$500,318$1,386,365
74$2,180,283$710,971$467,415$1,454,424
75$2,351,445$694,581$431,847$1,528,593
76$2,538,452$675,775$393,473$1,609,527
77$2,742,868$654,382$352,148$1,697,950
78$2,966,418$630,225$307,723$1,794,663
79$3,211,000$603,112$260,038$1,900,556
80$3,478,702$572,845$208,930$2,016,609
81$3,771,825$539,210$154,224$2,143,909
82$4,092,903$501,983$95,743$2,283,657
83$4,444,726$460,927$33,297$2,437,182
84$4,830,366$415,791$0$2,605,954
85$5,253,209$366,311$0$2,801,558
86$5,716,982$312,205$0$3,027,091
87$6,225,790$253,178$0$3,274,644
88$6,784,154$188,918$0$3,546,477
89$7,397,057$119,095$0$3,845,082
90$8,069,986$43,359$0$4,173,209
91$8,808,983$0$0$4,533,891
92$9,620,707$0$0$4,941,110
93$10,512,494$0$0$5,401,684
94$11,492,423$0$0$5,907,869
95$12,569,395$0$0$6,464,274
96$13,753,218$0$0$7,075,977
97$15,054,696$0$0$7,748,573
98$16,485,733$0$0$8,488,225
99$18,059,442$0$0$9,301,724
100$19,790,272$0$0$10,196,553