Can I retire at age 59 with 728,000?

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 $728,000?

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$60,118$59,582$59,060$58,550$58,052$55,970
2 years$29,761$29,207$28,670$28,149$27,644$25,569
3 years$19,644$19,087$18,551$18,035$17,538$15,535
4 years$14,586$14,031$13,501$12,993$12,508$10,593
5 years$11,552$11,000$10,477$9,980$9,509$7,686
6 years$9,530$8,983$8,467$7,981$7,524$5,795
7 years$8,087$7,544$7,036$6,562$6,119$4,483
8 years$7,004$6,466$5,967$5,505$5,076$3,533
9 years$6,163$5,630$5,139$4,689$4,275$2,821
10 years$5,490$4,963$4,481$4,042$3,642$2,276
11 years$4,940$4,418$3,945$3,517$3,133$1,851
12 years$4,482$3,965$3,501$3,085$2,715$1,515
13 years$4,095$3,583$3,128$2,724$2,367$1,246
14 years$3,763$3,257$2,810$2,418$2,075$1,028
15 years$3,476$2,976$2,537$2,156$1,827$852
16 years$3,225$2,730$2,300$1,931$1,615$707
17 years$3,004$2,514$2,093$1,735$1,432$589
18 years$2,808$2,323$1,911$1,563$1,273$491
19 years$2,632$2,153$1,749$1,413$1,135$410
20 years$2,474$2,001$1,606$1,279$1,014$342
21 years$2,332$1,864$1,477$1,161$907$287
22 years$2,202$1,740$1,361$1,056$813$240
23 years$2,084$1,627$1,257$962$730$201
24 years$1,976$1,525$1,162$877$656$169
25 years$1,877$1,431$1,076$801$590$141
26 years$1,785$1,345$998$732$532$119
27 years$1,701$1,265$927$670$479$100
28 years$1,623$1,192$862$614$433$84
29 years$1,550$1,125$802$563$391$70
30 years$1,482$1,062$747$517$353$59
31 years$1,419$1,004$696$475$319$50
32 years$1,359$950$650$436$289$42
33 years$1,304$900$607$401$261$35
34 years$1,252$853$567$369$236$29
35 years$1,202$809$530$340$214$25
36 years$1,156$768$496$313$194$21
37 years$1,113$729$464$288$176$18
38 years$1,071$693$435$266$159$15
39 years$1,032$659$407$245$145$12
40 years$995$627$382$226$131$10
41 years$960$597$358$209$119$9
42 years$927$568$336$192$108$7
43 years$895$542$315$178$98$6
44 years$865$516$296$164$89$5
45 years$836$492$278$151$81$4
46 years$809$470$261$140$73$4
47 years$783$448$245$129$67$3
48 years$758$428$230$119$60$3
49 years$734$409$216$110$55$2
50 years$711$390$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 $728,000, adding $3,113 every year, while hoping to spend $47,921 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: 35/44/21 Blend
58$728,000$728,000$728,000$728,000
59$805,467$766,883$755,599$828,416
60$836,637$753,473$729,924$832,161
61$869,380$737,799$701,783$831,552
62$903,807$719,701$671,042$829,911
63$940,036$699,007$637,563$827,177
64$978,198$675,536$601,199$823,284
65$1,018,433$649,098$561,799$818,165
66$1,060,898$619,488$519,204$811,753
67$1,105,759$586,492$473,247$803,977
68$1,153,201$549,884$423,755$794,765
69$1,203,423$509,424$370,546$784,045
70$1,256,645$464,859$313,432$771,744
71$1,313,105$415,919$252,214$757,787
72$1,373,065$362,322$186,687$742,098
73$1,436,810$303,769$116,634$724,605
74$1,504,654$239,943$41,830$705,233
75$1,576,939$170,510$0$683,908
76$1,654,039$95,118$0$669,074
77$1,736,366$13,393$0$662,703
78$1,824,368$0$0$655,405
79$1,918,540$0$0$683,518
80$2,019,422$0$0$720,650
81$2,127,608$0$0$760,543
82$2,243,748$0$0$803,446
83$2,368,557$0$0$849,632
84$2,502,819$0$0$899,404
85$2,647,394$0$0$953,089
86$2,803,229$0$0$1,011,052
87$2,971,361$0$0$1,073,691
88$3,152,933$0$0$1,141,444
89$3,349,197$0$0$1,214,792
90$3,561,532$0$0$1,294,264
91$3,791,453$0$0$1,380,443
92$4,040,625$0$0$1,473,968
93$4,310,879$0$0$1,575,544
94$4,604,231$0$0$1,685,944
95$4,922,893$0$0$1,806,020
96$5,269,304$0$0$1,936,709
97$5,646,143$0$0$2,079,043
98$6,056,360$0$0$2,234,155
99$6,503,200$0$0$2,403,295
100$6,990,234$0$0$2,587,837