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%13.3%
1 years$59,622$59,091$58,573$58,067$57,573$56,783
2 years$29,516$28,966$28,433$27,917$27,416$26,621
3 years$19,482$18,930$18,398$17,887$17,394$16,619
4 years$14,466$13,915$13,389$12,886$12,405$11,657
5 years$11,457$10,910$10,391$9,898$9,430$8,710
6 years$9,452$8,909$8,397$7,915$7,462$6,771
7 years$8,020$7,481$6,978$6,508$6,069$5,407
8 years$6,947$6,413$5,918$5,459$5,034$4,402
9 years$6,112$5,584$5,097$4,650$4,240$3,637
10 years$5,445$4,922$4,444$4,008$3,612$3,038
11 years$4,900$4,382$3,912$3,488$3,107$2,561
12 years$4,445$3,933$3,472$3,060$2,692$2,174
13 years$4,061$3,554$3,102$2,701$2,348$1,856
14 years$3,732$3,230$2,787$2,398$2,058$1,592
15 years$3,448$2,951$2,516$2,139$1,812$1,371
16 years$3,199$2,708$2,282$1,915$1,601$1,185
17 years$2,979$2,494$2,076$1,720$1,420$1,027
18 years$2,784$2,304$1,895$1,551$1,263$892
19 years$2,610$2,135$1,735$1,401$1,125$777
20 years$2,454$1,984$1,592$1,269$1,005$677
21 years$2,312$1,848$1,465$1,152$900$592
22 years$2,184$1,725$1,350$1,047$806$517
23 years$2,067$1,614$1,246$954$724$453
24 years$1,960$1,512$1,153$870$651$397
25 years$1,861$1,419$1,068$794$585$348
26 years$1,771$1,334$990$726$527$306
27 years$1,687$1,255$919$665$475$269
28 years$1,609$1,183$855$609$429$236
29 years$1,537$1,116$795$559$387$208
30 years$1,470$1,054$741$513$350$183
31 years$1,407$996$691$471$316$161
32 years$1,348$942$644$433$286$142
33 years$1,293$892$602$398$259$125
34 years$1,241$846$562$366$235$110
35 years$1,193$802$526$337$212$97
36 years$1,147$761$492$310$192$85
37 years$1,103$723$460$286$174$75
38 years$1,062$687$431$264$158$66
39 years$1,024$654$404$243$143$58
40 years$987$622$378$224$130$52
41 years$952$592$355$207$118$45
42 years$919$564$333$191$107$40
43 years$888$537$312$176$97$35
44 years$858$512$293$163$88$31
45 years$829$488$275$150$80$27
46 years$802$466$259$139$73$24
47 years$776$444$243$128$66$21
48 years$751$424$228$118$60$19
49 years$728$405$215$109$54$17
50 years$705$387$202$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $722,000, adding $5,267 every year, while hoping to spend $48,871 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: 49/45/6 Blend
58$722,000$722,000$722,000$722,000
59$801,077$762,811$751,620$838,856
60$830,788$748,190$724,801$850,587
61$861,892$731,215$695,445$857,671
62$894,480$711,719$663,417$864,203
63$928,648$689,525$628,573$870,145
64$964,504$664,445$590,764$875,456
65$1,002,163$636,282$549,834$880,096
66$1,041,750$604,827$505,620$884,023
67$1,083,402$569,857$457,952$887,198
68$1,127,268$531,139$406,652$889,577
69$1,173,509$488,424$351,534$891,120
70$1,222,301$441,451$292,405$891,787
71$1,273,836$389,943$229,061$891,538
72$1,328,324$333,607$161,291$890,335
73$1,385,993$272,134$88,875$888,142
74$1,447,094$205,197$11,581$884,926
75$1,511,898$132,452$0$880,657
76$1,580,703$53,535$0$879,847
77$1,653,837$0$0$879,021
78$1,731,655$0$0$893,256
79$1,814,548$0$0$936,700
80$1,902,944$0$0$983,073
81$1,997,310$0$0$1,032,628
82$2,098,160$0$0$1,085,640
83$2,206,056$0$0$1,142,411
84$2,321,615$0$0$1,203,272
85$2,445,513$0$0$1,268,588
86$2,578,491$0$0$1,338,758
87$2,721,365$0$0$1,414,220
88$2,875,029$0$0$1,495,454
89$3,040,462$0$0$1,582,989
90$3,218,743$0$0$1,677,405
91$3,411,056$0$0$1,779,340
92$3,618,700$0$0$1,889,493
93$3,843,106$0$0$2,008,635
94$4,085,843$0$0$2,137,611
95$4,348,637$0$0$2,277,351
96$4,633,386$0$0$2,428,879
97$4,942,178$0$0$2,593,319
98$5,277,305$0$0$2,771,908
99$5,641,294$0$0$2,966,006
100$6,036,918$0$0$3,177,109