Can I retire at age 59 with 719,000?

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 $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%14.6%
1 years$59,374$58,845$58,329$57,826$57,334$56,245
2 years$29,393$28,846$28,315$27,801$27,302$26,209
3 years$19,401$18,851$18,322$17,812$17,321$16,259
4 years$14,406$13,858$13,334$12,833$12,354$11,330
5 years$11,409$10,864$10,347$9,857$9,391$8,408
6 years$9,412$8,872$8,362$7,883$7,431$6,491
7 years$7,987$7,450$6,949$6,481$6,043$5,146
8 years$6,918$6,386$5,893$5,436$5,014$4,158
9 years$6,087$5,560$5,076$4,631$4,222$3,408
10 years$5,422$4,901$4,425$3,992$3,597$2,825
11 years$4,879$4,363$3,896$3,474$3,094$2,361
12 years$4,427$3,916$3,458$3,047$2,681$1,988
13 years$4,044$3,539$3,089$2,690$2,338$1,683
14 years$3,717$3,217$2,776$2,388$2,049$1,431
15 years$3,433$2,939$2,506$2,130$1,805$1,222
16 years$3,185$2,696$2,272$1,907$1,595$1,046
17 years$2,967$2,483$2,067$1,713$1,414$898
18 years$2,773$2,295$1,887$1,544$1,257$773
19 years$2,600$2,127$1,728$1,395$1,121$667
20 years$2,444$1,976$1,586$1,264$1,001$576
21 years$2,303$1,841$1,459$1,147$896$498
22 years$2,175$1,718$1,344$1,043$803$431
23 years$2,058$1,607$1,241$950$721$374
24 years$1,952$1,506$1,148$866$648$324
25 years$1,854$1,413$1,063$791$583$281
26 years$1,763$1,328$986$723$525$245
27 years$1,680$1,250$916$662$473$213
28 years$1,602$1,178$851$607$427$185
29 years$1,531$1,111$792$556$386$161
30 years$1,464$1,049$738$510$349$140
31 years$1,401$992$688$469$315$122
32 years$1,342$939$642$431$285$106
33 years$1,288$889$599$396$258$93
34 years$1,236$842$560$365$234$81
35 years$1,188$799$523$336$212$70
36 years$1,142$758$490$309$192$61
37 years$1,099$720$458$285$174$53
38 years$1,058$684$429$262$157$47
39 years$1,020$651$402$242$143$41
40 years$983$619$377$223$130$35
41 years$948$589$353$206$118$31
42 years$915$561$332$190$107$27
43 years$884$535$311$175$97$23
44 years$854$510$292$162$88$20
45 years$826$486$274$150$80$18
46 years$799$464$258$138$72$16
47 years$773$443$242$128$66$14
48 years$748$423$227$118$60$12
49 years$725$404$214$109$54$10
50 years$702$385$201$101$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $719,000, adding $5,289 every year, while hoping to spend $20,200 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: 36/42/22 Blend
58$719,000$719,000$719,000$719,000
59$797,794$759,687$748,542$821,047
60$857,676$775,419$752,126$854,292
61$922,989$791,244$755,152$887,907
62$994,266$807,147$757,582$923,788
63$1,072,093$823,109$759,372$962,150
64$1,157,115$839,110$760,480$1,003,230
65$1,250,043$855,129$760,858$1,047,289
66$1,351,659$871,142$760,459$1,094,617
67$1,462,824$887,124$759,230$1,145,534
68$1,584,487$903,048$757,119$1,200,390
69$1,717,692$918,884$754,070$1,259,575
70$1,863,589$934,602$750,024$1,323,518
71$2,023,444$950,167$744,918$1,392,692
72$2,198,652$965,542$738,690$1,467,620
73$2,390,749$980,688$731,271$1,548,879
74$2,601,427$995,563$722,590$1,637,104
75$2,832,549$1,010,121$712,573$1,732,999
76$3,086,167$1,024,316$701,142$1,837,339
77$3,364,542$1,038,093$688,216$1,950,979
78$3,670,165$1,051,399$673,711$2,074,864
79$4,005,777$1,064,173$657,536$2,210,035
80$4,374,402$1,076,353$639,599$2,357,643
81$4,779,368$1,087,871$619,802$2,518,955
82$5,224,341$1,098,655$598,043$2,695,373
83$5,713,363$1,108,628$574,216$2,888,441
84$6,250,883$1,117,707$548,210$3,099,862
85$6,841,804$1,125,807$519,907$3,331,518
86$7,491,530$1,132,833$489,185$3,585,483
87$8,206,012$1,138,688$455,918$3,864,045
88$8,991,806$1,143,265$419,973$4,169,731
89$9,856,139$1,146,452$381,210$4,505,324
90$10,806,968$1,148,132$339,484$4,873,897
91$11,853,066$1,148,178$294,644$5,278,841
92$13,004,095$1,146,455$246,531$5,723,893
93$14,270,703$1,142,821$194,980$6,213,178
94$15,664,621$1,137,125$139,817$6,751,243
95$17,198,774$1,129,207$80,864$7,343,105
96$18,887,407$1,118,896$17,931$7,994,298
97$20,746,213$1,106,012$0$8,710,922
98$22,792,484$1,090,364$0$9,511,264
99$25,045,275$1,071,749$0$10,396,432
100$27,525,581$1,049,953$0$11,370,446