Can I retire at age 59 with 722,000?

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 $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%17.6%
1 years$59,622$59,091$58,573$58,067$57,573$55,797
2 years$29,516$28,966$28,433$27,917$27,416$25,642
3 years$19,482$18,930$18,398$17,887$17,394$15,678
4 years$14,466$13,915$13,389$12,886$12,405$10,761
5 years$11,457$10,910$10,391$9,898$9,430$7,861
6 years$9,452$8,909$8,397$7,915$7,462$5,969
7 years$8,020$7,481$6,978$6,508$6,069$4,653
8 years$6,947$6,413$5,918$5,459$5,034$3,694
9 years$6,112$5,584$5,097$4,650$4,240$2,974
10 years$5,445$4,922$4,444$4,008$3,612$2,419
11 years$4,900$4,382$3,912$3,488$3,107$1,984
12 years$4,445$3,933$3,472$3,060$2,692$1,638
13 years$4,061$3,554$3,102$2,701$2,348$1,359
14 years$3,732$3,230$2,787$2,398$2,058$1,132
15 years$3,448$2,951$2,516$2,139$1,812$946
16 years$3,199$2,708$2,282$1,915$1,601$793
17 years$2,979$2,494$2,076$1,720$1,420$666
18 years$2,784$2,304$1,895$1,551$1,263$561
19 years$2,610$2,135$1,735$1,401$1,125$473
20 years$2,454$1,984$1,592$1,269$1,005$399
21 years$2,312$1,848$1,465$1,152$900$337
22 years$2,184$1,725$1,350$1,047$806$286
23 years$2,067$1,614$1,246$954$724$242
24 years$1,960$1,512$1,153$870$651$205
25 years$1,861$1,419$1,068$794$585$174
26 years$1,771$1,334$990$726$527$147
27 years$1,687$1,255$919$665$475$125
28 years$1,609$1,183$855$609$429$106
29 years$1,537$1,116$795$559$387$90
30 years$1,470$1,054$741$513$350$76
31 years$1,407$996$691$471$316$65
32 years$1,348$942$644$433$286$55
33 years$1,293$892$602$398$259$47
34 years$1,241$846$562$366$235$40
35 years$1,193$802$526$337$212$34
36 years$1,147$761$492$310$192$29
37 years$1,103$723$460$286$174$24
38 years$1,062$687$431$264$158$21
39 years$1,024$654$404$243$143$18
40 years$987$622$378$224$130$15
41 years$952$592$355$207$118$13
42 years$919$564$333$191$107$11
43 years$888$537$312$176$97$9
44 years$858$512$293$163$88$8
45 years$829$488$275$150$80$7
46 years$802$466$259$139$73$6
47 years$776$444$243$128$66$5
48 years$751$424$228$118$60$4
49 years$728$405$215$109$54$3
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $722,000, adding $4,816 every year, while hoping to spend $30,792 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: 72/6/22 Blend
58$722,000$722,000$722,000$722,000
59$800,612$762,346$751,155$853,593
60$849,512$766,938$743,556$894,114
61$902,367$770,724$734,671$934,356
62$959,550$773,630$724,423$977,669
63$1,021,467$775,581$712,734$1,024,354
64$1,088,567$776,495$699,521$1,074,741
65$1,161,343$776,285$684,697$1,129,199
66$1,240,336$774,860$668,171$1,188,129
67$1,326,144$772,122$649,849$1,251,979
68$1,419,423$767,967$629,630$1,321,238
69$1,520,893$762,286$607,412$1,396,450
70$1,631,348$754,963$583,085$1,478,212
71$1,751,663$745,874$556,535$1,567,184
72$1,882,799$734,887$527,645$1,664,093
73$2,025,812$721,865$496,289$1,769,742
74$2,181,869$706,660$462,339$1,885,017
75$2,352,250$689,117$425,658$2,010,894
76$2,538,367$669,071$386,105$2,148,449
77$2,741,773$646,348$343,532$2,298,871
78$2,964,178$620,763$297,784$2,463,470
79$3,207,464$592,121$248,700$2,643,691
80$3,473,705$560,214$196,111$2,841,128
81$3,765,184$524,826$139,842$3,057,539
82$4,084,414$485,724$79,708$3,294,861
83$4,434,164$442,664$15,517$3,555,232
84$4,817,482$395,388$0$3,841,010
85$5,237,727$343,623$0$4,167,233
86$5,698,595$287,081$0$4,529,023
87$6,204,161$225,456$0$4,925,949
88$6,758,909$158,428$0$5,361,547
89$7,367,783$85,656$0$5,839,719
90$8,036,225$6,782$0$6,364,759
91$8,770,232$0$0$6,941,401
92$9,576,408$0$0$7,580,048
93$10,462,030$0$0$8,282,160
94$11,435,113$0$0$9,053,650
95$12,504,488$0$0$9,901,523
96$13,679,884$0$0$10,833,498
97$14,972,018$0$0$11,858,078
98$16,392,699$0$0$12,984,632
99$17,954,936$0$0$14,223,480
100$19,673,061$0$0$15,585,995