Can I retire at age 59 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$59,540$59,009$58,492$57,987$57,494$56,893
2 years$29,475$28,926$28,394$27,878$27,378$26,773
3 years$19,455$18,903$18,373$17,862$17,370$16,780
4 years$14,446$13,896$13,371$12,868$12,388$11,817
5 years$11,441$10,895$10,376$9,884$9,417$8,867
6 years$9,439$8,896$8,386$7,904$7,452$6,923
7 years$8,009$7,471$6,968$6,499$6,060$5,553
8 years$6,937$6,404$5,910$5,452$5,027$4,542
9 years$6,104$5,576$5,090$4,644$4,234$3,770
10 years$5,438$4,915$4,438$4,003$3,607$3,164
11 years$4,893$4,375$3,907$3,484$3,103$2,680
12 years$4,439$3,927$3,467$3,056$2,689$2,287
13 years$4,056$3,549$3,098$2,698$2,345$1,963
14 years$3,727$3,226$2,783$2,395$2,055$1,693
15 years$3,443$2,947$2,513$2,136$1,810$1,466
16 years$3,194$2,704$2,278$1,912$1,599$1,274
17 years$2,975$2,490$2,073$1,718$1,418$1,110
18 years$2,781$2,301$1,893$1,548$1,261$970
19 years$2,607$2,133$1,733$1,399$1,124$849
20 years$2,450$1,982$1,590$1,267$1,004$745
21 years$2,309$1,846$1,463$1,150$898$655
22 years$2,181$1,723$1,348$1,046$805$576
23 years$2,064$1,611$1,245$952$723$507
24 years$1,957$1,510$1,151$869$650$448
25 years$1,859$1,417$1,066$793$585$395
26 years$1,768$1,332$989$725$527$349
27 years$1,685$1,253$918$664$475$309
28 years$1,607$1,181$854$608$428$273
29 years$1,535$1,114$794$558$387$242
30 years$1,468$1,052$740$512$350$214
31 years$1,405$995$690$470$316$190
32 years$1,346$941$644$432$286$168
33 years$1,291$891$601$397$259$149
34 years$1,240$845$561$366$234$132
35 years$1,191$801$525$337$212$117
36 years$1,145$760$491$310$192$104
37 years$1,102$722$460$286$174$92
38 years$1,061$686$430$263$158$82
39 years$1,022$653$403$243$143$73
40 years$986$621$378$224$130$65
41 years$951$591$354$207$118$57
42 years$918$563$332$191$107$51
43 years$887$536$312$176$97$45
44 years$857$511$293$162$88$40
45 years$828$488$275$150$80$36
46 years$801$465$258$139$73$32
47 years$775$444$243$128$66$28
48 years$750$424$228$118$60$25
49 years$727$405$214$109$54$22
50 years$704$387$201$101$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $721,000, adding $2,570 every year, while hoping to spend $33,143 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: 51/33/16 Blend
58$721,000$721,000$721,000$721,000
59$797,193$758,980$747,804$834,236
60$843,243$760,906$737,592$861,884
61$892,879$761,816$725,927$888,248
62$946,432$761,624$712,725$916,181
63$1,004,266$760,241$697,899$945,841
64$1,066,779$757,572$681,357$977,405
65$1,134,412$753,514$663,003$1,011,069
66$1,207,645$747,960$642,737$1,047,049
67$1,287,011$740,795$620,455$1,085,588
68$1,373,092$731,900$596,046$1,126,953
69$1,466,529$721,145$569,395$1,171,441
70$1,568,029$708,395$540,384$1,219,383
71$1,678,366$693,505$508,885$1,271,144
72$1,798,396$676,323$474,769$1,327,128
73$1,929,057$656,688$437,899$1,387,787
74$2,071,383$634,428$398,131$1,453,618
75$2,226,512$609,362$355,316$1,525,172
76$2,395,695$581,300$309,298$1,603,063
77$2,580,310$550,038$259,913$1,687,966
78$2,781,874$515,362$206,993$1,780,633
79$3,002,056$477,046$150,358$1,881,893
80$3,242,694$434,849$89,823$1,992,667
81$3,505,812$388,520$25,195$2,113,972
82$3,793,638$337,790$0$2,246,933
83$4,108,623$282,376$0$2,400,272
84$4,453,471$221,981$0$2,572,968
85$4,831,155$156,287$0$2,762,277
86$5,244,950$84,963$0$2,969,927
87$5,698,464$7,656$0$3,197,821
88$6,195,671$0$0$3,448,065
89$6,740,946$0$0$3,750,581
90$7,339,108$0$0$4,085,564
91$7,995,466$0$0$4,453,216
92$8,715,867$0$0$4,856,824
93$9,506,753$0$0$5,300,005
94$10,375,217$0$0$5,786,746
95$11,329,077$0$0$6,321,437
96$12,376,941$0$0$6,908,917
97$13,528,295$0$0$7,554,515
98$14,793,587$0$0$8,264,102
99$16,184,329$0$0$9,044,146
100$17,713,204$0$0$9,901,773