Can I retire at age 59 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$60,365$59,828$59,303$58,791$58,291$57,396
2 years$29,884$29,327$28,788$28,265$27,758$26,858
3 years$19,725$19,166$18,628$18,110$17,611$16,735
4 years$14,646$14,089$13,556$13,047$12,560$11,714
5 years$11,600$11,046$10,520$10,021$9,548$8,735
6 years$9,569$9,020$8,502$8,014$7,555$6,776
7 years$8,120$7,575$7,065$6,589$6,144$5,399
8 years$7,033$6,493$5,992$5,527$5,097$4,385
9 years$6,188$5,653$5,161$4,708$4,293$3,614
10 years$5,513$4,983$4,499$4,058$3,657$3,012
11 years$4,961$4,436$3,961$3,532$3,146$2,532
12 years$4,501$3,982$3,515$3,098$2,726$2,144
13 years$4,112$3,598$3,141$2,735$2,377$1,826
14 years$3,779$3,271$2,822$2,428$2,084$1,562
15 years$3,491$2,988$2,548$2,165$1,835$1,342
16 years$3,239$2,741$2,310$1,939$1,621$1,156
17 years$3,016$2,525$2,102$1,742$1,438$999
18 years$2,819$2,333$1,919$1,570$1,278$865
19 years$2,643$2,162$1,757$1,418$1,139$751
20 years$2,484$2,009$1,612$1,285$1,018$653
21 years$2,341$1,871$1,483$1,166$911$569
22 years$2,211$1,747$1,367$1,060$816$496
23 years$2,093$1,634$1,262$965$733$433
24 years$1,984$1,531$1,167$881$659$378
25 years$1,885$1,437$1,081$804$593$331
26 years$1,793$1,350$1,002$735$534$289
27 years$1,708$1,271$931$673$481$253
28 years$1,629$1,197$865$617$434$222
29 years$1,556$1,130$805$565$392$195
30 years$1,488$1,067$750$519$354$171
31 years$1,424$1,008$699$477$320$150
32 years$1,365$954$652$438$290$131
33 years$1,309$904$609$403$262$115
34 years$1,257$856$569$371$237$101
35 years$1,207$812$532$341$215$89
36 years$1,161$771$498$314$195$78
37 years$1,117$732$466$290$177$69
38 years$1,076$696$436$267$160$60
39 years$1,037$662$409$246$145$53
40 years$999$630$383$227$132$47
41 years$964$599$359$209$119$41
42 years$931$571$337$193$108$36
43 years$899$544$316$178$98$32
44 years$869$518$297$165$89$28
45 years$840$494$279$152$81$24
46 years$812$472$262$141$74$21
47 years$786$450$246$130$67$19
48 years$761$430$231$120$61$17
49 years$737$410$217$111$55$15
50 years$714$392$204$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $731,000, adding $6,826 every year, while hoping to spend $43,082 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: 72/21/7 Blend
58$731,000$731,000$731,000$731,000
59$812,603$773,860$762,530$869,785
60$849,650$765,940$742,235$900,518
61$889,031$756,188$719,817$928,119
62$930,940$744,469$695,159$957,134
63$975,587$730,640$668,138$987,689
64$1,023,204$714,548$638,628$1,019,927
65$1,074,043$696,033$606,494$1,054,002
66$1,128,381$674,924$571,597$1,090,086
67$1,186,523$651,042$533,792$1,128,372
68$1,248,801$624,196$492,927$1,169,070
69$1,315,580$594,184$448,842$1,212,414
70$1,387,263$560,792$401,372$1,258,664
71$1,464,288$523,795$350,342$1,308,107
72$1,547,139$482,955$295,572$1,361,059
73$1,636,345$438,018$236,872$1,417,874
74$1,732,490$388,718$174,045$1,478,940
75$1,836,212$334,774$106,883$1,544,687
76$1,948,215$275,887$35,173$1,615,592
77$2,069,270$211,743$0$1,692,183
78$2,200,227$142,009$0$1,778,131
79$2,342,018$66,335$0$1,873,998
80$2,495,669$0$0$1,977,886
81$2,662,307$0$0$2,094,220
82$2,843,172$0$0$2,237,154
83$3,039,630$0$0$2,392,441
84$3,253,179$0$0$2,561,271
85$3,485,471$0$0$2,744,952
86$3,738,321$0$0$2,944,926
87$4,013,728$0$0$3,162,777
88$4,313,890$0$0$3,400,249
89$4,641,228$0$0$3,659,261
90$4,998,405$0$0$3,941,927
91$5,388,353$0$0$4,250,571
92$5,814,300$0$0$4,587,753
93$6,279,797$0$0$4,956,293
94$6,788,757$0$0$5,359,292
95$7,345,486$0$0$5,800,167
96$7,954,726$0$0$6,282,679
97$8,621,698$0$0$6,810,971
98$9,352,153$0$0$7,389,603
99$10,152,422$0$0$8,023,599
100$11,029,478$0$0$8,718,491