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%12.6%
1 years$60,200$59,664$59,141$58,630$58,131$57,500
2 years$29,802$29,247$28,709$28,188$27,682$27,046
3 years$19,671$19,113$18,577$18,060$17,562$16,942
4 years$14,606$14,050$13,519$13,011$12,526$11,926
5 years$11,568$11,016$10,491$9,994$9,522$8,944
6 years$9,543$8,995$8,479$7,992$7,534$6,979
7 years$8,098$7,554$7,046$6,571$6,127$5,595
8 years$7,014$6,475$5,975$5,512$5,083$4,574
9 years$6,171$5,638$5,147$4,695$4,281$3,794
10 years$5,498$4,969$4,487$4,047$3,647$3,183
11 years$4,947$4,424$3,950$3,522$3,137$2,694
12 years$4,488$3,971$3,506$3,090$2,718$2,297
13 years$4,101$3,588$3,132$2,728$2,371$1,970
14 years$3,769$3,262$2,814$2,421$2,078$1,698
15 years$3,481$2,980$2,541$2,159$1,830$1,470
16 years$3,230$2,734$2,304$1,933$1,617$1,276
17 years$3,008$2,518$2,096$1,737$1,434$1,111
18 years$2,811$2,326$1,914$1,566$1,275$970
19 years$2,636$2,156$1,752$1,415$1,136$849
20 years$2,478$2,004$1,608$1,281$1,015$744
21 years$2,335$1,866$1,479$1,163$908$653
22 years$2,205$1,742$1,363$1,057$814$575
23 years$2,087$1,629$1,258$963$731$506
24 years$1,979$1,527$1,164$878$657$446
25 years$1,879$1,433$1,078$802$591$393
26 years$1,788$1,346$1,000$733$532$347
27 years$1,703$1,267$928$671$480$307
28 years$1,625$1,194$863$615$433$271
29 years$1,552$1,126$803$564$391$240
30 years$1,484$1,064$748$518$353$212
31 years$1,421$1,006$697$475$320$188
32 years$1,361$952$651$437$289$166
33 years$1,306$901$608$402$262$147
34 years$1,253$854$568$370$237$130
35 years$1,204$810$531$340$214$116
36 years$1,158$769$496$313$194$103
37 years$1,114$730$465$289$176$91
38 years$1,073$694$435$266$160$81
39 years$1,034$660$408$245$145$72
40 years$997$628$382$226$131$63
41 years$962$598$358$209$119$56
42 years$928$569$336$193$108$50
43 years$896$542$315$178$98$44
44 years$866$517$296$164$89$39
45 years$837$493$278$152$81$35
46 years$810$470$261$140$73$31
47 years$784$449$245$129$67$28
48 years$759$428$231$120$61$24
49 years$735$409$217$111$55$22
50 years$712$391$204$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $729,000, adding $2,840 every year, while hoping to spend $41,520 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: 39/34/27 Blend
58$729,000$729,000$729,000$729,000
59$806,287$767,650$756,351$831,181
60$844,352$761,088$737,512$843,027
61$884,907$752,813$716,650$851,775
62$928,164$742,697$693,654$860,435
63$974,352$730,605$668,407$869,025
64$1,023,724$716,392$640,786$877,568
65$1,076,557$699,908$610,665$886,093
66$1,133,153$680,992$577,911$894,637
67$1,193,846$659,472$542,382$903,242
68$1,259,001$635,169$503,935$911,961
69$1,329,019$607,891$462,416$920,855
70$1,404,338$577,437$417,666$929,998
71$1,485,443$543,594$369,520$939,474
72$1,572,862$506,135$317,803$949,382
73$1,667,180$464,821$262,336$959,837
74$1,769,035$419,400$202,927$970,971
75$1,879,132$369,606$139,380$982,937
76$1,998,242$315,155$71,488$995,908
77$2,127,216$255,751$0$1,010,084
78$2,266,988$191,078$0$1,025,968
79$2,418,584$120,805$0$1,065,538
80$2,583,135$44,580$0$1,108,537
81$2,761,883$0$0$1,155,365
82$2,956,193$0$0$1,220,675
83$3,167,570$0$0$1,309,950
84$3,397,668$0$0$1,407,222
85$3,648,306$0$0$1,513,271
86$3,921,488$0$0$1,628,956
87$4,219,417$0$0$1,755,223
88$4,544,521$0$0$1,893,113
89$4,899,468$0$0$2,043,771
90$5,287,200$0$0$2,208,460
91$5,710,952$0$0$2,388,568
92$6,174,287$0$0$2,585,625
93$6,681,128$0$0$2,801,314
94$7,235,794$0$0$3,037,490
95$7,843,041$0$0$3,296,196
96$8,508,108$0$0$3,579,678
97$9,236,761$0$0$3,890,416
98$10,035,353$0$0$4,231,135
99$10,910,879$0$0$4,604,840
100$11,871,045$0$0$5,014,840