Can I retire at age 59 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$59,622$59,091$58,573$58,067$57,573$55,977
2 years$29,516$28,966$28,433$27,917$27,416$25,820
3 years$19,482$18,930$18,398$17,887$17,394$15,848
4 years$14,466$13,915$13,389$12,886$12,405$10,921
5 years$11,457$10,910$10,391$9,898$9,430$8,012
6 years$9,452$8,909$8,397$7,915$7,462$6,111
7 years$8,020$7,481$6,978$6,508$6,069$4,785
8 years$6,947$6,413$5,918$5,459$5,034$3,817
9 years$6,112$5,584$5,097$4,650$4,240$3,088
10 years$5,445$4,922$4,444$4,008$3,612$2,524
11 years$4,900$4,382$3,912$3,488$3,107$2,081
12 years$4,445$3,933$3,472$3,060$2,692$1,727
13 years$4,061$3,554$3,102$2,701$2,348$1,440
14 years$3,732$3,230$2,787$2,398$2,058$1,207
15 years$3,448$2,951$2,516$2,139$1,812$1,014
16 years$3,199$2,708$2,282$1,915$1,601$855
17 years$2,979$2,494$2,076$1,720$1,420$723
18 years$2,784$2,304$1,895$1,551$1,263$612
19 years$2,610$2,135$1,735$1,401$1,125$519
20 years$2,454$1,984$1,592$1,269$1,005$441
21 years$2,312$1,848$1,465$1,152$900$375
22 years$2,184$1,725$1,350$1,047$806$319
23 years$2,067$1,614$1,246$954$724$272
24 years$1,960$1,512$1,153$870$651$232
25 years$1,861$1,419$1,068$794$585$198
26 years$1,771$1,334$990$726$527$169
27 years$1,687$1,255$919$665$475$144
28 years$1,609$1,183$855$609$429$123
29 years$1,537$1,116$795$559$387$105
30 years$1,470$1,054$741$513$350$90
31 years$1,407$996$691$471$316$77
32 years$1,348$942$644$433$286$66
33 years$1,293$892$602$398$259$56
34 years$1,241$846$562$366$235$48
35 years$1,193$802$526$337$212$41
36 years$1,147$761$492$310$192$35
37 years$1,103$723$460$286$174$30
38 years$1,062$687$431$264$158$26
39 years$1,024$654$404$243$143$22
40 years$987$622$378$224$130$19
41 years$952$592$355$207$118$16
42 years$919$564$333$191$107$14
43 years$888$537$312$176$97$12
44 years$858$512$293$163$88$10
45 years$829$488$275$150$80$9
46 years$802$466$259$139$73$7
47 years$776$444$243$128$66$6
48 years$751$424$228$118$60$5
49 years$728$405$215$109$54$5
50 years$705$387$202$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $722,000, adding $6,916 every year, while hoping to spend $52,286 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: 42/35/23 Blend
58$722,000$722,000$722,000$722,000
59$802,778$764,512$753,321$830,833
60$829,029$746,341$722,925$833,336
61$856,206$725,527$689,759$830,508
62$884,347$701,886$653,674$826,397
63$913,494$675,222$614,516$820,916
64$943,691$645,329$572,122$813,970
65$974,984$611,986$526,325$805,460
66$1,007,422$574,963$476,946$795,282
67$1,041,058$534,016$423,803$783,327
68$1,075,948$488,885$366,703$769,479
69$1,112,151$439,296$305,443$753,619
70$1,149,730$384,961$239,815$735,620
71$1,188,752$325,574$169,599$715,348
72$1,229,289$260,812$94,565$692,664
73$1,271,419$190,334$14,476$667,422
74$1,315,224$113,780$0$639,468
75$1,360,791$30,770$0$626,065
76$1,408,216$0$0$614,546
77$1,457,600$0$0$624,006
78$1,509,052$0$0$646,225
79$1,562,689$0$0$669,406
80$1,618,639$0$0$693,604
81$1,677,037$0$0$718,883
82$1,738,030$0$0$745,308
83$1,801,778$0$0$772,950
84$1,868,452$0$0$801,889
85$1,938,237$0$0$832,206
86$2,011,335$0$0$863,995
87$2,087,965$0$0$897,354
88$2,168,362$0$0$932,391
89$2,252,784$0$0$969,221
90$2,341,509$0$0$1,007,973
91$2,434,840$0$0$1,048,783
92$2,533,108$0$0$1,091,804
93$2,636,672$0$0$1,137,198
94$2,745,922$0$0$1,185,144
95$2,861,286$0$0$1,235,837
96$2,983,229$0$0$1,289,489
97$3,112,257$0$0$1,346,334
98$3,248,925$0$0$1,406,624
99$3,393,839$0$0$1,470,637
100$3,547,660$0$0$1,538,676