Can I retire at age 59 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$59,870$59,337$58,816$58,308$57,813$55,739
2 years$29,639$29,087$28,552$28,033$27,530$25,463
3 years$19,563$19,008$18,475$17,961$17,466$15,471
4 years$14,526$13,973$13,445$12,940$12,457$10,549
5 years$11,504$10,955$10,434$9,939$9,470$7,654
6 years$9,491$8,946$8,432$7,948$7,493$5,771
7 years$8,053$7,513$7,007$6,535$6,094$4,465
8 years$6,975$6,440$5,943$5,482$5,055$3,518
9 years$6,138$5,607$5,118$4,669$4,257$2,810
10 years$5,468$4,942$4,462$4,025$3,627$2,267
11 years$4,920$4,400$3,929$3,503$3,120$1,844
12 years$4,464$3,949$3,486$3,073$2,704$1,509
13 years$4,078$3,569$3,115$2,713$2,358$1,241
14 years$3,748$3,244$2,799$2,408$2,067$1,024
15 years$3,462$2,963$2,527$2,147$1,820$848
16 years$3,212$2,719$2,291$1,923$1,608$704
17 years$2,992$2,504$2,085$1,728$1,426$586
18 years$2,796$2,314$1,903$1,557$1,268$489
19 years$2,621$2,144$1,742$1,407$1,130$408
20 years$2,464$1,993$1,599$1,274$1,009$341
21 years$2,322$1,856$1,471$1,156$903$285
22 years$2,193$1,733$1,355$1,051$810$239
23 years$2,076$1,620$1,252$958$727$200
24 years$1,968$1,518$1,157$873$653$168
25 years$1,869$1,425$1,072$798$588$141
26 years$1,778$1,339$994$729$530$118
27 years$1,694$1,260$923$668$477$99
28 years$1,616$1,188$858$612$431$83
29 years$1,543$1,120$799$561$389$70
30 years$1,476$1,058$744$515$351$59
31 years$1,413$1,000$694$473$318$49
32 years$1,354$946$647$434$287$42
33 years$1,298$896$604$400$260$35
34 years$1,246$849$565$368$236$29
35 years$1,198$806$528$338$213$25
36 years$1,151$765$494$312$193$21
37 years$1,108$726$462$287$175$17
38 years$1,067$690$433$265$159$15
39 years$1,028$656$405$244$144$12
40 years$991$624$380$225$131$10
41 years$956$594$356$208$119$9
42 years$923$566$334$192$108$7
43 years$891$539$314$177$98$6
44 years$861$514$294$163$89$5
45 years$833$490$276$151$80$4
46 years$805$468$260$139$73$4
47 years$779$446$244$129$66$3
48 years$754$426$229$119$60$3
49 years$731$407$215$110$55$2
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $725,000, adding $3,830 every year, while hoping to spend $39,075 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: 76/12/12 Blend
58$725,000$725,000$725,000$725,000
59$802,901$764,476$753,238$861,749
60$843,221$760,359$736,896$896,953
61$886,344$754,732$718,697$930,219
62$932,516$747,478$698,537$965,593
63$982,003$738,475$676,309$1,003,271
64$1,035,100$727,593$651,899$1,043,470
65$1,092,131$714,696$625,188$1,086,428
66$1,153,450$699,637$596,053$1,132,408
67$1,219,445$682,263$564,364$1,181,702
68$1,290,546$662,411$529,987$1,234,629
69$1,367,219$639,907$492,780$1,291,545
70$1,449,983$614,570$452,595$1,352,839
71$1,539,402$586,205$409,278$1,418,943
72$1,636,100$554,608$362,668$1,490,332
73$1,740,761$519,563$312,597$1,567,533
74$1,854,138$480,840$258,887$1,651,124
75$1,977,057$438,199$201,357$1,741,745
76$2,110,429$391,382$139,815$1,840,103
77$2,255,254$340,121$74,059$1,946,977
78$2,412,632$284,129$3,882$2,063,227
79$2,583,773$223,104$0$2,189,801
80$2,770,011$156,729$0$2,336,839
81$2,972,809$84,666$0$2,497,526
82$3,193,781$6,560$0$2,672,670
83$3,434,701$0$0$2,863,711
84$3,697,522$0$0$3,082,528
85$3,984,394$0$0$3,322,342
86$4,297,683$0$0$3,584,266
87$4,639,995$0$0$3,870,482
88$5,014,196$0$0$4,183,392
89$5,423,446$0$0$4,525,639
90$5,871,219$0$0$4,900,135
91$6,361,345$0$0$5,310,086
92$6,898,039$0$0$5,759,021
93$7,485,941$0$0$6,250,827
94$8,130,166$0$0$6,789,786
95$8,836,342$0$0$7,380,612
96$9,610,671$0$0$8,028,498
97$10,459,981$0$0$8,739,162
98$11,391,795$0$0$9,518,904
99$12,414,398$0$0$10,374,664
100$13,536,917$0$0$11,314,083