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%11.6%
1 years$59,870$59,337$58,816$58,308$57,813$57,424
2 years$29,639$29,087$28,552$28,033$27,530$27,138
3 years$19,563$19,008$18,475$17,961$17,466$17,083
4 years$14,526$13,973$13,445$12,940$12,457$12,086
5 years$11,504$10,955$10,434$9,939$9,470$9,111
6 years$9,491$8,946$8,432$7,948$7,493$7,148
7 years$8,053$7,513$7,007$6,535$6,094$5,762
8 years$6,975$6,440$5,943$5,482$5,055$4,737
9 years$6,138$5,607$5,118$4,669$4,257$3,953
10 years$5,468$4,942$4,462$4,025$3,627$3,336
11 years$4,920$4,400$3,929$3,503$3,120$2,841
12 years$4,464$3,949$3,486$3,073$2,704$2,438
13 years$4,078$3,569$3,115$2,713$2,358$2,105
14 years$3,748$3,244$2,799$2,408$2,067$1,826
15 years$3,462$2,963$2,527$2,147$1,820$1,591
16 years$3,212$2,719$2,291$1,923$1,608$1,391
17 years$2,992$2,504$2,085$1,728$1,426$1,220
18 years$2,796$2,314$1,903$1,557$1,268$1,073
19 years$2,621$2,144$1,742$1,407$1,130$945
20 years$2,464$1,993$1,599$1,274$1,009$835
21 years$2,322$1,856$1,471$1,156$903$738
22 years$2,193$1,733$1,355$1,051$810$654
23 years$2,076$1,620$1,252$958$727$580
24 years$1,968$1,518$1,157$873$653$515
25 years$1,869$1,425$1,072$798$588$458
26 years$1,778$1,339$994$729$530$407
27 years$1,694$1,260$923$668$477$363
28 years$1,616$1,188$858$612$431$323
29 years$1,543$1,120$799$561$389$288
30 years$1,476$1,058$744$515$351$257
31 years$1,413$1,000$694$473$318$229
32 years$1,354$946$647$434$287$205
33 years$1,298$896$604$400$260$183
34 years$1,246$849$565$368$236$163
35 years$1,198$806$528$338$213$146
36 years$1,151$765$494$312$193$131
37 years$1,108$726$462$287$175$117
38 years$1,067$690$433$265$159$104
39 years$1,028$656$405$244$144$93
40 years$991$624$380$225$131$84
41 years$956$594$356$208$119$75
42 years$923$566$334$192$108$67
43 years$891$539$314$177$98$60
44 years$861$514$294$163$89$54
45 years$833$490$276$151$80$48
46 years$805$468$260$139$73$43
47 years$779$446$244$129$66$39
48 years$754$426$229$119$60$35
49 years$731$407$215$110$55$31
50 years$708$389$203$102$50$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $725,000, adding $6,368 every year, while hoping to spend $41,111 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: 73/18/9 Blend
58$725,000$725,000$725,000$725,000
59$805,519$767,094$755,856$862,589
60$843,940$760,939$737,435$894,964
61$884,902$753,106$717,020$924,657
62$928,621$743,467$694,499$956,035
63$975,333$731,890$669,758$989,252
64$1,025,298$718,233$642,676$1,024,480
65$1,078,800$702,348$613,126$1,061,906
66$1,136,149$684,075$580,978$1,101,740
67$1,197,689$663,247$546,093$1,144,212
68$1,263,793$639,686$508,327$1,189,576
69$1,334,875$613,205$467,531$1,238,116
70$1,411,385$583,605$423,546$1,290,142
71$1,493,820$550,676$376,209$1,346,000
72$1,582,726$514,195$325,348$1,406,069
73$1,678,701$473,928$270,784$1,470,771
74$1,782,403$429,625$212,330$1,540,571
75$1,894,556$381,024$149,791$1,615,983
76$2,015,954$327,848$82,963$1,697,576
77$2,147,472$269,803$11,633$1,785,977
78$2,290,070$206,580$0$1,881,881
79$2,444,806$137,851$0$1,992,248
80$2,612,840$63,270$0$2,113,325
81$2,795,452$0$0$2,244,956
82$2,994,048$0$0$2,391,670
83$3,210,174$0$0$2,565,002
84$3,445,533$0$0$2,753,789
85$3,701,999$0$0$2,959,538
86$3,981,632$0$0$3,183,907
87$4,286,702$0$0$3,428,719
88$4,619,705$0$0$3,695,985
89$4,983,391$0$0$3,987,914
90$5,380,786$0$0$4,306,940
91$5,815,222$0$0$4,655,743
92$6,290,367$0$0$5,037,273
93$6,810,259$0$0$5,454,779
94$7,379,346$0$0$5,911,836
95$8,002,524$0$0$6,412,385
96$8,685,187$0$0$6,960,762
97$9,433,273$0$0$7,561,745
98$10,253,323$0$0$8,220,594
99$11,152,541$0$0$8,943,103
100$12,138,861$0$0$9,735,654