Can I retire at age 59 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$60,283$59,746$59,222$58,711$58,211$57,627
2 years$29,843$29,287$28,748$28,226$27,720$27,131
3 years$19,698$19,139$18,602$18,085$17,586$17,012
4 years$14,626$14,070$13,538$13,029$12,543$11,987
5 years$11,584$11,031$10,506$10,008$9,535$8,999
6 years$9,556$9,007$8,490$8,003$7,545$7,030
7 years$8,109$7,564$7,055$6,580$6,136$5,642
8 years$7,024$6,484$5,984$5,520$5,090$4,617
9 years$6,180$5,646$5,154$4,702$4,287$3,835
10 years$5,505$4,976$4,493$4,053$3,652$3,221
11 years$4,954$4,430$3,956$3,527$3,141$2,730
12 years$4,495$3,976$3,510$3,094$2,722$2,330
13 years$4,106$3,593$3,136$2,731$2,374$2,001
14 years$3,774$3,266$2,818$2,425$2,081$1,727
15 years$3,486$2,984$2,544$2,162$1,832$1,497
16 years$3,234$2,738$2,307$1,936$1,619$1,302
17 years$3,012$2,521$2,099$1,740$1,436$1,135
18 years$2,815$2,330$1,916$1,568$1,277$993
19 years$2,639$2,159$1,754$1,417$1,138$870
20 years$2,481$2,006$1,610$1,283$1,016$764
21 years$2,338$1,869$1,481$1,164$910$671
22 years$2,208$1,745$1,365$1,059$815$591
23 years$2,090$1,632$1,260$964$732$521
24 years$1,982$1,529$1,165$879$658$460
25 years$1,882$1,435$1,079$803$592$406
26 years$1,790$1,348$1,001$734$533$359
27 years$1,706$1,269$930$672$481$318
28 years$1,627$1,196$864$616$434$281
29 years$1,554$1,128$804$565$392$249
30 years$1,486$1,065$749$518$354$221
31 years$1,422$1,007$698$476$320$196
32 years$1,363$953$652$437$289$174
33 years$1,307$902$608$402$262$154
34 years$1,255$855$568$370$237$137
35 years$1,206$811$531$341$215$121
36 years$1,159$770$497$314$195$108
37 years$1,116$731$465$289$176$96
38 years$1,074$695$436$266$160$85
39 years$1,035$661$408$246$145$76
40 years$998$629$383$227$132$67
41 years$963$598$359$209$119$60
42 years$929$570$337$193$108$53
43 years$898$543$316$178$98$47
44 years$867$518$296$164$89$42
45 years$839$494$278$152$81$37
46 years$811$471$261$140$74$33
47 years$785$449$246$130$67$30
48 years$760$429$231$120$61$26
49 years$736$410$217$111$55$23
50 years$713$391$204$102$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $730,000, adding $6,320 every year, while hoping to spend $21,798 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: 36/48/16 Blend
58$730,000$730,000$730,000$730,000
59$810,979$772,289$760,974$836,002
60$870,506$786,938$763,274$869,323
61$935,374$801,575$764,920$902,747
62$1,006,105$816,175$765,868$938,365
63$1,083,274$830,713$766,070$976,384
64$1,167,511$845,162$765,477$1,017,033
65$1,259,514$859,491$764,037$1,060,563
66$1,360,048$873,670$761,696$1,107,255
67$1,469,957$887,664$758,397$1,157,416
68$1,590,168$901,435$754,079$1,211,386
69$1,721,705$914,945$748,680$1,269,541
70$1,865,693$928,151$742,134$1,332,294
71$2,023,371$941,008$734,373$1,400,104
72$2,196,105$953,467$725,325$1,473,476
73$2,385,397$965,477$714,913$1,552,967
74$2,592,904$976,982$703,059$1,639,194
75$2,820,449$987,923$689,681$1,732,836
76$3,070,041$998,237$674,690$1,834,644
77$3,343,890$1,007,856$657,998$1,945,448
78$3,644,435$1,016,708$639,509$2,066,161
79$3,974,358$1,024,718$619,123$2,197,794
80$4,336,616$1,031,803$596,738$2,341,462
81$4,734,467$1,037,877$572,244$2,498,394
82$5,171,497$1,042,847$545,528$2,669,949
83$5,651,658$1,046,615$516,472$2,857,626
84$6,179,305$1,049,077$484,952$3,063,080
85$6,759,234$1,050,122$450,838$3,288,135
86$7,396,730$1,049,632$413,995$3,534,807
87$8,097,613$1,047,481$374,281$3,805,319
88$8,868,300$1,043,537$331,549$4,102,124
89$9,715,855$1,037,659$285,644$4,427,930
90$10,648,064$1,029,697$236,406$4,785,723
91$11,673,507$1,019,492$183,665$5,178,799
92$12,801,634$1,006,877$127,248$5,610,793
93$14,042,859$991,672$66,969$6,085,718
94$15,408,656$973,689$2,638$6,607,997
95$16,911,667$952,728$0$7,182,514
96$18,565,822$928,577$0$7,825,924
97$20,386,470$901,011$0$8,534,108
98$22,390,522$869,793$0$9,313,207
99$24,596,614$834,671$0$10,170,486
100$27,025,277$795,379$0$11,113,957