Can I retire at age 59 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,374$58,845$58,329$57,826$57,334$56,973
2 years$29,393$28,846$28,315$27,801$27,302$26,937
3 years$19,401$18,851$18,322$17,812$17,321$16,965
4 years$14,406$13,858$13,334$12,833$12,354$12,008
5 years$11,409$10,864$10,347$9,857$9,391$9,058
6 years$9,412$8,872$8,362$7,883$7,431$7,110
7 years$7,987$7,450$6,949$6,481$6,043$5,735
8 years$6,918$6,386$5,893$5,436$5,014$4,717
9 years$6,087$5,560$5,076$4,631$4,222$3,938
10 years$5,422$4,901$4,425$3,992$3,597$3,326
11 years$4,879$4,363$3,896$3,474$3,094$2,834
12 years$4,427$3,916$3,458$3,047$2,681$2,434
13 years$4,044$3,539$3,089$2,690$2,338$2,102
14 years$3,717$3,217$2,776$2,388$2,049$1,825
15 years$3,433$2,939$2,506$2,130$1,805$1,591
16 years$3,185$2,696$2,272$1,907$1,595$1,392
17 years$2,967$2,483$2,067$1,713$1,414$1,222
18 years$2,773$2,295$1,887$1,544$1,257$1,075
19 years$2,600$2,127$1,728$1,395$1,121$948
20 years$2,444$1,976$1,586$1,264$1,001$838
21 years$2,303$1,841$1,459$1,147$896$742
22 years$2,175$1,718$1,344$1,043$803$657
23 years$2,058$1,607$1,241$950$721$584
24 years$1,952$1,506$1,148$866$648$519
25 years$1,854$1,413$1,063$791$583$461
26 years$1,763$1,328$986$723$525$411
27 years$1,680$1,250$916$662$473$366
28 years$1,602$1,178$851$607$427$326
29 years$1,531$1,111$792$556$386$291
30 years$1,464$1,049$738$510$349$260
31 years$1,401$992$688$469$315$232
32 years$1,342$939$642$431$285$208
33 years$1,288$889$599$396$258$186
34 years$1,236$842$560$365$234$166
35 years$1,188$799$523$336$212$148
36 years$1,142$758$490$309$192$133
37 years$1,099$720$458$285$174$119
38 years$1,058$684$429$262$157$106
39 years$1,020$651$402$242$143$95
40 years$983$619$377$223$130$85
41 years$948$589$353$206$118$76
42 years$915$561$332$190$107$68
43 years$884$535$311$175$97$61
44 years$854$510$292$162$88$55
45 years$826$486$274$150$80$49
46 years$799$464$258$138$72$44
47 years$773$443$242$128$66$40
48 years$748$423$227$118$60$35
49 years$725$404$214$109$54$32
50 years$702$385$201$101$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $719,000, adding $4,217 every year, while hoping to spend $59,924 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: 56/16/28 Blend
58$719,000$719,000$719,000$719,000
59$796,688$758,581$747,436$834,942
60$814,191$731,993$708,717$835,140
61$831,472$702,093$666,692$828,774
62$848,443$668,657$621,187$820,621
63$865,009$631,446$572,021$810,530
64$881,060$590,207$519,004$798,335
65$896,474$544,673$461,937$783,860
66$911,116$494,563$400,613$766,914
67$924,832$439,579$334,816$747,289
68$937,451$379,405$264,319$724,762
69$948,784$313,708$188,886$699,092
70$958,617$242,138$108,271$670,017
71$966,715$164,321$22,217$637,255
72$972,814$79,867$0$600,500
73$976,621$0$0$580,220
74$977,811$0$0$565,741
75$976,021$0$0$563,450
76$970,851$0$0$559,035
77$961,855$0$0$552,220
78$948,539$0$0$542,700
79$930,354$0$0$530,134
80$906,694$0$0$514,146
81$876,886$0$0$494,321
82$840,186$0$0$470,198
83$795,769$0$0$441,266
84$742,722$0$0$406,960
85$680,037$0$0$366,657
86$606,597$0$0$319,666
87$521,168$0$0$265,224
88$422,385$0$0$202,487
89$308,740$0$0$130,522
90$178,567$0$0$48,299
91$30,023$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0