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%17.7%
1 years$60,283$59,746$59,222$58,711$58,211$56,393
2 years$29,843$29,287$28,748$28,226$27,720$25,904
3 years$19,698$19,139$18,602$18,085$17,586$15,830
4 years$14,626$14,070$13,538$13,029$12,543$10,860
5 years$11,584$11,031$10,506$10,008$9,535$7,929
6 years$9,556$9,007$8,490$8,003$7,545$6,018
7 years$8,109$7,564$7,055$6,580$6,136$4,688
8 years$7,024$6,484$5,984$5,520$5,090$3,720
9 years$6,180$5,646$5,154$4,702$4,287$2,993
10 years$5,505$4,976$4,493$4,053$3,652$2,433
11 years$4,954$4,430$3,956$3,527$3,141$1,994
12 years$4,495$3,976$3,510$3,094$2,722$1,645
13 years$4,106$3,593$3,136$2,731$2,374$1,364
14 years$3,774$3,266$2,818$2,425$2,081$1,135
15 years$3,486$2,984$2,544$2,162$1,832$948
16 years$3,234$2,738$2,307$1,936$1,619$794
17 years$3,012$2,521$2,099$1,740$1,436$667
18 years$2,815$2,330$1,916$1,568$1,277$561
19 years$2,639$2,159$1,754$1,417$1,138$473
20 years$2,481$2,006$1,610$1,283$1,016$399
21 years$2,338$1,869$1,481$1,164$910$337
22 years$2,208$1,745$1,365$1,059$815$285
23 years$2,090$1,632$1,260$964$732$241
24 years$1,982$1,529$1,165$879$658$204
25 years$1,882$1,435$1,079$803$592$173
26 years$1,790$1,348$1,001$734$533$146
27 years$1,706$1,269$930$672$481$124
28 years$1,627$1,196$864$616$434$105
29 years$1,554$1,128$804$565$392$89
30 years$1,486$1,065$749$518$354$76
31 years$1,422$1,007$698$476$320$64
32 years$1,363$953$652$437$289$55
33 years$1,307$902$608$402$262$46
34 years$1,255$855$568$370$237$39
35 years$1,206$811$531$341$215$33
36 years$1,159$770$497$314$195$28
37 years$1,116$731$465$289$176$24
38 years$1,074$695$436$266$160$20
39 years$1,035$661$408$246$145$17
40 years$998$629$383$227$132$15
41 years$963$598$359$209$119$13
42 years$929$570$337$193$108$11
43 years$898$543$316$178$98$9
44 years$867$518$296$164$89$8
45 years$839$494$278$152$81$7
46 years$811$471$261$140$74$6
47 years$785$449$246$130$67$5
48 years$760$429$231$120$61$4
49 years$736$410$217$111$55$3
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $730,000, adding $4,901 every year, while hoping to spend $42,260 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: 67/25/8 Blend
58$730,000$730,000$730,000$730,000
59$809,515$770,825$759,510$862,222
60$847,122$763,632$739,990$890,653
61$887,147$754,669$718,399$916,188
62$929,795$743,806$694,623$942,983
63$975,285$730,904$668,544$971,156
64$1,023,861$715,815$640,038$1,000,837
65$1,075,788$698,383$608,972$1,032,170
66$1,131,358$678,443$575,212$1,065,317
67$1,190,890$655,820$538,615$1,100,455
68$1,254,734$630,329$499,032$1,137,783
69$1,323,275$601,774$456,308$1,177,520
70$1,396,935$569,946$410,280$1,219,909
71$1,476,177$534,628$360,779$1,265,223
72$1,561,510$495,587$307,628$1,313,760
73$1,653,491$452,578$250,641$1,365,854
74$1,752,735$405,342$189,625$1,421,873
75$1,859,915$353,605$124,378$1,482,228
76$1,975,772$297,077$54,691$1,547,371
77$2,101,120$235,454$0$1,617,807
78$2,236,853$168,410$0$1,695,770
79$2,383,957$95,607$0$1,785,291
80$2,543,512$16,683$0$1,882,401
81$2,716,707$0$0$1,987,877
82$2,904,852$0$0$2,121,491
83$3,109,385$0$0$2,271,773
84$3,331,891$0$0$2,435,302
85$3,574,110$0$0$2,613,362
86$3,837,961$0$0$2,807,368
87$4,125,551$0$0$3,018,878
88$4,439,204$0$0$3,249,604
89$4,781,474$0$0$3,501,432
90$5,155,174$0$0$3,776,439
91$5,563,400$0$0$4,076,909
92$6,009,560$0$0$4,405,357
93$6,497,408$0$0$4,764,555
94$7,031,074$0$0$5,157,551
95$7,615,109$0$0$5,587,704
96$8,254,522$0$0$6,058,710
97$8,954,829$0$0$6,574,643
98$9,722,105$0$0$7,139,986
99$10,563,041$0$0$7,759,678
100$11,485,004$0$0$8,439,159