Can I retire at age 59 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$60,200$59,664$59,141$58,630$58,131$56,566
2 years$29,802$29,247$28,709$28,188$27,682$26,115
3 years$19,671$19,113$18,577$18,060$17,562$16,044
4 years$14,606$14,050$13,519$13,011$12,526$11,068
5 years$11,568$11,016$10,491$9,994$9,522$8,128
6 years$9,543$8,995$8,479$7,992$7,534$6,206
7 years$8,098$7,554$7,046$6,571$6,127$4,865
8 years$7,014$6,475$5,975$5,512$5,083$3,886
9 years$6,171$5,638$5,147$4,695$4,281$3,147
10 years$5,498$4,969$4,487$4,047$3,647$2,576
11 years$4,947$4,424$3,950$3,522$3,137$2,126
12 years$4,488$3,971$3,506$3,090$2,718$1,767
13 years$4,101$3,588$3,132$2,728$2,371$1,476
14 years$3,769$3,262$2,814$2,421$2,078$1,238
15 years$3,481$2,980$2,541$2,159$1,830$1,042
16 years$3,230$2,734$2,304$1,933$1,617$880
17 years$3,008$2,518$2,096$1,737$1,434$745
18 years$2,811$2,326$1,914$1,566$1,275$631
19 years$2,636$2,156$1,752$1,415$1,136$536
20 years$2,478$2,004$1,608$1,281$1,015$456
21 years$2,335$1,866$1,479$1,163$908$389
22 years$2,205$1,742$1,363$1,057$814$331
23 years$2,087$1,629$1,258$963$731$283
24 years$1,979$1,527$1,164$878$657$242
25 years$1,879$1,433$1,078$802$591$206
26 years$1,788$1,346$1,000$733$532$176
27 years$1,703$1,267$928$671$480$151
28 years$1,625$1,194$863$615$433$129
29 years$1,552$1,126$803$564$391$111
30 years$1,484$1,064$748$518$353$95
31 years$1,421$1,006$697$475$320$81
32 years$1,361$952$651$437$289$69
33 years$1,306$901$608$402$262$59
34 years$1,253$854$568$370$237$51
35 years$1,204$810$531$340$214$44
36 years$1,158$769$496$313$194$37
37 years$1,114$730$465$289$176$32
38 years$1,073$694$435$266$160$28
39 years$1,034$660$408$245$145$24
40 years$997$628$382$226$131$20
41 years$962$598$358$209$119$17
42 years$928$569$336$193$108$15
43 years$896$542$315$178$98$13
44 years$866$517$296$164$89$11
45 years$837$493$278$152$81$9
46 years$810$470$261$140$73$8
47 years$784$449$245$129$67$7
48 years$759$428$231$120$61$6
49 years$735$409$217$111$55$5
50 years$712$391$204$102$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $729,000, adding $4,336 every year, while hoping to spend $41,579 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: 65/20/15 Blend
58$729,000$729,000$729,000$729,000
59$807,831$769,194$757,894$857,156
60$845,990$762,644$739,044$884,144
61$886,647$754,381$718,168$908,411
62$930,015$744,275$695,156$933,903
63$976,323$732,191$669,891$960,742
64$1,025,825$717,985$642,249$989,059
65$1,078,798$701,506$612,104$1,019,001
66$1,135,548$682,592$579,322$1,050,733
67$1,196,407$661,072$543,763$1,084,435
68$1,261,743$636,767$505,281$1,120,311
69$1,331,957$609,485$463,724$1,158,584
70$1,407,490$579,024$418,933$1,199,504
71$1,488,828$545,169$370,740$1,243,346
72$1,576,502$507,696$318,974$1,290,419
73$1,671,097$466,365$263,451$1,341,063
74$1,773,255$420,923$203,983$1,395,655
75$1,883,682$371,103$140,371$1,454,615
76$2,003,153$316,623$72,409$1,518,406
77$2,132,522$257,184$0$1,587,545
78$2,272,725$192,472$0$1,662,620
79$2,424,794$122,154$0$1,756,614
80$2,589,861$45,878$0$1,858,664
81$2,769,174$0$0$1,969,583
82$2,964,104$0$0$2,098,357
83$3,176,160$0$0$2,249,470
84$3,407,001$0$0$2,414,015
85$3,658,455$0$0$2,593,299
86$3,932,532$0$0$2,788,762
87$4,231,443$0$0$3,001,986
88$4,557,623$0$0$3,234,716
89$4,913,753$0$0$3,488,870
90$5,302,783$0$0$3,766,560
91$5,727,960$0$0$4,070,111
92$6,192,860$0$0$4,402,086
93$6,701,421$0$0$4,765,301
94$7,257,976$0$0$5,162,862
95$7,867,301$0$0$5,598,186
96$8,534,650$0$0$6,075,038
97$9,265,813$0$0$6,597,562
98$10,067,164$0$0$7,170,324
99$10,945,725$0$0$7,798,353
100$11,909,227$0$0$8,487,184