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%12.7%
1 years$60,200$59,664$59,141$58,630$58,131$57,477
2 years$29,802$29,247$28,709$28,188$27,682$27,022
3 years$19,671$19,113$18,577$18,060$17,562$16,919
4 years$14,606$14,050$13,519$13,011$12,526$11,903
5 years$11,568$11,016$10,491$9,994$9,522$8,922
6 years$9,543$8,995$8,479$7,992$7,534$6,959
7 years$8,098$7,554$7,046$6,571$6,127$5,575
8 years$7,014$6,475$5,975$5,512$5,083$4,555
9 years$6,171$5,638$5,147$4,695$4,281$3,776
10 years$5,498$4,969$4,487$4,047$3,647$3,166
11 years$4,947$4,424$3,950$3,522$3,137$2,678
12 years$4,488$3,971$3,506$3,090$2,718$2,282
13 years$4,101$3,588$3,132$2,728$2,371$1,956
14 years$3,769$3,262$2,814$2,421$2,078$1,685
15 years$3,481$2,980$2,541$2,159$1,830$1,457
16 years$3,230$2,734$2,304$1,933$1,617$1,264
17 years$3,008$2,518$2,096$1,737$1,434$1,100
18 years$2,811$2,326$1,914$1,566$1,275$960
19 years$2,636$2,156$1,752$1,415$1,136$839
20 years$2,478$2,004$1,608$1,281$1,015$735
21 years$2,335$1,866$1,479$1,163$908$645
22 years$2,205$1,742$1,363$1,057$814$567
23 years$2,087$1,629$1,258$963$731$499
24 years$1,979$1,527$1,164$878$657$439
25 years$1,879$1,433$1,078$802$591$387
26 years$1,788$1,346$1,000$733$532$341
27 years$1,703$1,267$928$671$480$301
28 years$1,625$1,194$863$615$433$266
29 years$1,552$1,126$803$564$391$235
30 years$1,484$1,064$748$518$353$208
31 years$1,421$1,006$697$475$320$184
32 years$1,361$952$651$437$289$163
33 years$1,306$901$608$402$262$144
34 years$1,253$854$568$370$237$127
35 years$1,204$810$531$340$214$113
36 years$1,158$769$496$313$194$100
37 years$1,114$730$465$289$176$89
38 years$1,073$694$435$266$160$78
39 years$1,034$660$408$245$145$70
40 years$997$628$382$226$131$62
41 years$962$598$358$209$119$55
42 years$928$569$336$193$108$48
43 years$896$542$315$178$98$43
44 years$866$517$296$164$89$38
45 years$837$493$278$152$81$34
46 years$810$470$261$140$73$30
47 years$784$449$245$129$67$27
48 years$759$428$231$120$61$24
49 years$735$409$217$111$55$21
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 $2,902 every year, while hoping to spend $40,904 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: 89/6/5 Blend
58$729,000$729,000$729,000$729,000
59$806,351$767,714$756,415$877,975
60$845,078$761,811$738,233$919,084
61$886,383$754,247$718,072$958,208
62$930,488$744,899$695,820$999,862
63$977,632$733,633$671,365$1,044,266
64$1,028,081$720,312$644,586$1,091,667
65$1,082,123$704,785$615,358$1,142,331
66$1,140,077$686,897$583,550$1,196,554
67$1,202,291$666,481$549,024$1,254,660
68$1,269,147$643,361$511,639$1,317,007
69$1,341,066$617,351$471,245$1,383,987
70$1,418,508$588,255$427,685$1,456,031
71$1,501,980$555,863$380,796$1,533,615
72$1,592,037$519,956$330,409$1,617,262
73$1,689,291$480,300$276,344$1,707,547
74$1,794,414$436,650$218,416$1,805,104
75$1,908,143$388,744$156,432$1,910,630
76$2,031,289$336,308$90,187$2,024,894
77$2,164,744$279,051$19,472$2,148,741
78$2,309,489$216,666$0$2,283,102
79$2,466,602$148,827$0$2,431,991
80$2,637,269$75,194$0$2,594,851
81$2,822,795$0$0$2,771,901
82$3,024,615$0$0$2,964,827
83$3,244,309$0$0$3,180,246
84$3,483,613$0$0$3,414,898
85$3,744,441$0$0$3,670,657
86$4,028,897$0$0$3,949,588
87$4,339,296$0$0$4,253,963
88$4,678,189$0$0$4,586,281
89$5,048,382$0$0$4,949,296
90$5,452,965$0$0$5,346,038
91$5,895,339$0$0$5,779,843
92$6,379,250$0$0$6,254,384
93$6,908,821$0$0$6,773,705
94$7,488,593$0$0$7,342,261
95$8,123,567$0$0$7,964,955
96$8,819,249$0$0$8,647,188
97$9,581,703$0$0$9,394,907
98$10,417,609$0$0$10,214,664
99$11,334,322$0$0$11,113,673
100$12,339,945$0$0$12,099,879