Can I retire at age 59 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$60,448$59,909$59,384$58,871$58,371$57,099
2 years$29,925$29,367$28,827$28,304$27,796$26,521
3 years$19,752$19,192$18,653$18,134$17,635$16,396
4 years$14,666$14,108$13,575$13,065$12,577$11,385
5 years$11,616$11,061$10,535$10,035$9,561$8,418
6 years$9,583$9,032$8,513$8,025$7,565$6,474
7 years$8,131$7,585$7,075$6,598$6,153$5,112
8 years$7,043$6,502$6,000$5,535$5,104$4,114
9 years$6,197$5,661$5,168$4,714$4,298$3,358
10 years$5,520$4,990$4,505$4,064$3,662$2,771
11 years$4,967$4,442$3,966$3,537$3,150$2,306
12 years$4,507$3,987$3,520$3,102$2,730$1,933
13 years$4,118$3,603$3,145$2,739$2,380$1,628
14 years$3,784$3,275$2,826$2,431$2,087$1,378
15 years$3,495$2,992$2,551$2,168$1,837$1,171
16 years$3,243$2,745$2,313$1,941$1,624$998
17 years$3,021$2,528$2,105$1,744$1,440$852
18 years$2,823$2,336$1,921$1,572$1,280$730
19 years$2,647$2,165$1,759$1,420$1,141$626
20 years$2,488$2,012$1,614$1,286$1,019$538
21 years$2,344$1,874$1,485$1,168$912$463
22 years$2,214$1,749$1,369$1,062$817$399
23 years$2,096$1,636$1,264$967$734$344
24 years$1,987$1,533$1,169$882$660$296
25 years$1,887$1,439$1,082$805$594$256
26 years$1,795$1,352$1,004$736$535$221
27 years$1,710$1,272$932$674$482$191
28 years$1,631$1,199$867$617$435$165
29 years$1,558$1,131$806$566$393$143
30 years$1,490$1,068$751$520$355$124
31 years$1,426$1,010$700$477$321$107
32 years$1,367$955$653$439$290$93
33 years$1,311$905$610$403$263$80
34 years$1,258$858$570$371$238$70
35 years$1,209$813$533$342$215$60
36 years$1,163$772$499$315$195$52
37 years$1,119$733$467$290$177$45
38 years$1,077$697$437$267$160$39
39 years$1,038$663$409$246$145$34
40 years$1,001$630$384$227$132$29
41 years$965$600$360$210$120$26
42 years$932$572$338$194$109$22
43 years$900$545$317$179$99$19
44 years$870$519$297$165$89$17
45 years$841$495$279$152$81$14
46 years$813$472$262$141$74$13
47 years$787$451$246$130$67$11
48 years$762$430$231$120$61$9
49 years$738$411$218$111$55$8
50 years$715$392$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $732,000, adding $2,849 every year, while hoping to spend $39,915 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: 65/9/26 Blend
58$732,000$732,000$732,000$732,000
59$809,603$770,807$759,461$856,532
60$849,713$766,107$742,433$883,850
61$892,577$759,839$723,498$908,979
62$938,433$751,884$702,548$935,555
63$987,542$742,116$679,473$963,723
64$1,040,193$730,402$654,157$993,644
65$1,096,700$716,598$626,478$1,025,500
66$1,157,408$700,556$596,310$1,059,488
67$1,222,697$682,117$563,520$1,095,831
68$1,292,983$661,112$527,969$1,134,773
69$1,368,724$637,363$489,513$1,176,586
70$1,450,422$610,682$447,999$1,221,573
71$1,538,629$580,870$403,271$1,270,067
72$1,633,952$547,714$355,163$1,322,439
73$1,737,056$510,994$303,503$1,379,098
74$1,848,675$470,472$248,109$1,440,500
75$1,969,614$425,899$188,795$1,507,146
76$2,100,759$377,012$125,364$1,579,594
77$2,243,083$323,532$57,610$1,658,460
78$2,397,657$265,165$0$1,744,426
79$2,565,660$201,600$0$1,842,324
80$2,748,388$132,509$0$1,966,233
81$2,947,267$57,545$0$2,101,141
82$3,163,865$0$0$2,248,138
83$3,399,910$0$0$2,410,767
84$3,657,301$0$0$2,594,362
85$3,938,130$0$0$2,794,721
86$4,244,698$0$0$3,013,492
87$4,579,541$0$0$3,252,489
88$4,945,446$0$0$3,513,710
89$5,345,486$0$0$3,799,355
90$5,783,041$0$0$4,111,843
91$6,261,835$0$0$4,453,840
92$6,785,968$0$0$4,828,284
93$7,359,952$0$0$5,238,405
94$7,988,760$0$0$5,687,764
95$8,677,867$0$0$6,180,282
96$9,433,301$0$0$6,720,275
97$10,261,704$0$0$7,312,501
98$11,170,390$0$0$7,962,197
99$12,167,414$0$0$8,675,132
100$13,261,650$0$0$9,457,661