Can I retire at age 59 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$59,952$59,418$58,897$58,389$57,892$56,310
2 years$29,679$29,127$28,591$28,072$27,568$25,985
3 years$19,590$19,035$18,500$17,986$17,490$15,957
4 years$14,546$13,992$13,463$12,958$12,474$11,002
5 years$11,520$10,970$10,448$9,953$9,483$8,075
6 years$9,504$8,958$8,444$7,959$7,503$6,163
7 years$8,064$7,523$7,017$6,544$6,102$4,828
8 years$6,985$6,449$5,951$5,489$5,062$3,854
9 years$6,146$5,615$5,125$4,676$4,263$3,119
10 years$5,475$4,949$4,468$4,031$3,632$2,552
11 years$4,927$4,406$3,934$3,508$3,124$2,105
12 years$4,470$3,954$3,491$3,077$2,707$1,748
13 years$4,084$3,574$3,119$2,716$2,361$1,459
14 years$3,753$3,248$2,803$2,411$2,069$1,223
15 years$3,467$2,967$2,530$2,150$1,822$1,029
16 years$3,216$2,723$2,294$1,925$1,610$868
17 years$2,996$2,507$2,088$1,730$1,428$734
18 years$2,800$2,317$1,906$1,559$1,270$622
19 years$2,625$2,147$1,745$1,409$1,132$528
20 years$2,467$1,995$1,601$1,276$1,011$449
21 years$2,325$1,859$1,473$1,158$905$382
22 years$2,196$1,735$1,357$1,053$811$325
23 years$2,078$1,623$1,253$959$728$278
24 years$1,971$1,520$1,159$875$654$237
25 years$1,872$1,427$1,074$799$589$202
26 years$1,781$1,341$996$730$530$173
27 years$1,696$1,262$925$668$478$148
28 years$1,618$1,189$859$612$431$126
29 years$1,545$1,122$800$562$390$108
30 years$1,478$1,059$745$515$352$92
31 years$1,415$1,002$695$473$318$79
32 years$1,356$948$648$435$288$68
33 years$1,300$897$605$400$260$58
34 years$1,248$851$565$368$236$50
35 years$1,199$807$529$339$214$42
36 years$1,153$766$494$312$194$36
37 years$1,110$727$463$288$175$31
38 years$1,068$691$433$265$159$27
39 years$1,029$657$406$244$144$23
40 years$993$625$381$225$131$20
41 years$958$595$357$208$119$17
42 years$924$567$335$192$108$14
43 years$893$540$314$177$98$12
44 years$863$515$295$164$89$11
45 years$834$491$277$151$81$9
46 years$807$468$260$140$73$8
47 years$780$447$244$129$66$7
48 years$756$427$230$119$60$6
49 years$732$407$216$110$55$5
50 years$709$389$203$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $726,000, adding $5,140 every year, while hoping to spend $54,162 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: 22/50/28 Blend
58$726,000$726,000$726,000$726,000
59$805,354$766,876$755,623$815,840
60$829,872$746,825$723,308$805,460
61$855,076$723,976$688,096$789,499
62$880,978$698,135$649,831$771,258
63$907,590$669,097$608,354$750,585
64$934,925$636,643$563,494$727,321
65$962,993$600,544$515,077$701,296
66$991,804$560,556$462,918$672,333
67$1,021,367$516,423$406,824$640,244
68$1,051,691$467,871$346,597$604,828
69$1,082,780$414,615$282,025$565,878
70$1,114,642$356,348$212,891$523,170
71$1,147,277$292,751$138,965$476,473
72$1,180,689$223,485$60,009$425,538
73$1,214,874$148,191$0$370,107
74$1,249,829$66,491$0$317,150
75$1,285,548$0$0$278,735
76$1,322,020$0$0$248,804
77$1,359,230$0$0$255,567
78$1,397,160$0$0$262,432
79$1,435,786$0$0$269,394
80$1,475,080$0$0$276,441
81$1,515,006$0$0$283,564
82$1,555,523$0$0$290,749
83$1,596,582$0$0$297,982
84$1,638,124$0$0$305,247
85$1,680,081$0$0$312,525
86$1,722,377$0$0$319,793
87$1,764,922$0$0$327,028
88$1,807,612$0$0$334,200
89$1,850,330$0$0$341,280
90$1,892,944$0$0$348,231
91$1,935,301$0$0$355,013
92$1,977,231$0$0$361,582
93$2,018,541$0$0$367,887
94$2,059,012$0$0$373,872
95$2,098,401$0$0$379,474
96$2,136,433$0$0$384,622
97$2,172,799$0$0$389,239
98$2,207,157$0$0$393,236
99$2,239,120$0$0$396,516
100$2,268,258$0$0$398,971