Can I retire at age 59 with 732,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$60,448$59,909$59,384$58,871$58,371$57,906
2 years$29,925$29,367$28,827$28,304$27,796$27,327
3 years$19,752$19,192$18,653$18,134$17,635$17,177
4 years$14,666$14,108$13,575$13,065$12,577$12,134
5 years$11,616$11,061$10,535$10,035$9,561$9,133
6 years$9,583$9,032$8,513$8,025$7,565$7,154
7 years$8,131$7,585$7,075$6,598$6,153$5,757
8 years$7,043$6,502$6,000$5,535$5,104$4,725
9 years$6,197$5,661$5,168$4,714$4,298$3,936
10 years$5,520$4,990$4,505$4,064$3,662$3,316
11 years$4,967$4,442$3,966$3,537$3,150$2,819
12 years$4,507$3,987$3,520$3,102$2,730$2,414
13 years$4,118$3,603$3,145$2,739$2,380$2,080
14 years$3,784$3,275$2,826$2,431$2,087$1,801
15 years$3,495$2,992$2,551$2,168$1,837$1,566
16 years$3,243$2,745$2,313$1,941$1,624$1,366
17 years$3,021$2,528$2,105$1,744$1,440$1,196
18 years$2,823$2,336$1,921$1,572$1,280$1,049
19 years$2,647$2,165$1,759$1,420$1,141$923
20 years$2,488$2,012$1,614$1,286$1,019$813
21 years$2,344$1,874$1,485$1,168$912$718
22 years$2,214$1,749$1,369$1,062$817$634
23 years$2,096$1,636$1,264$967$734$561
24 years$1,987$1,533$1,169$882$660$497
25 years$1,887$1,439$1,082$805$594$441
26 years$1,795$1,352$1,004$736$535$391
27 years$1,710$1,272$932$674$482$348
28 years$1,631$1,199$867$617$435$309
29 years$1,558$1,131$806$566$393$275
30 years$1,490$1,068$751$520$355$245
31 years$1,426$1,010$700$477$321$218
32 years$1,367$955$653$439$290$194
33 years$1,311$905$610$403$263$173
34 years$1,258$858$570$371$238$154
35 years$1,209$813$533$342$215$137
36 years$1,163$772$499$315$195$122
37 years$1,119$733$467$290$177$109
38 years$1,077$697$437$267$160$97
39 years$1,038$663$409$246$145$87
40 years$1,001$630$384$227$132$78
41 years$965$600$360$210$120$69
42 years$932$572$338$194$109$62
43 years$900$545$317$179$99$55
44 years$870$519$297$165$89$49
45 years$841$495$279$152$81$44
46 years$813$472$262$141$74$39
47 years$787$451$246$130$67$35
48 years$762$430$231$120$61$31
49 years$738$411$218$111$55$28
50 years$715$392$205$103$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $732,000, adding $4,599 every year, while hoping to spend $45,329 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: 70/11/19 Blend
58$732,000$732,000$732,000$732,000
59$811,408$772,612$761,266$864,163
60$845,942$762,240$738,539$889,548
61$882,479$749,841$713,531$911,518
62$921,176$735,267$686,118$934,434
63$962,203$718,363$656,170$958,386
64$1,005,748$698,963$623,552$983,471
65$1,052,015$676,892$588,121$1,009,800
66$1,101,226$651,966$549,730$1,037,495
67$1,153,627$623,989$508,222$1,066,690
68$1,209,486$592,753$463,436$1,097,538
69$1,269,095$558,039$415,203$1,130,205
70$1,332,776$519,616$363,345$1,164,879
71$1,400,881$477,239$307,679$1,201,766
72$1,473,795$430,648$248,010$1,241,097
73$1,551,943$379,570$184,139$1,283,128
74$1,635,788$323,716$115,855$1,328,141
75$1,725,839$262,779$42,937$1,376,452
76$1,822,657$196,438$0$1,428,410
77$1,926,855$124,350$0$1,491,474
78$2,039,107$46,156$0$1,568,751
79$2,160,154$0$0$1,652,055
80$2,290,809$0$0$1,746,629
81$2,431,966$0$0$1,854,872
82$2,584,607$0$0$1,971,953
83$2,749,812$0$0$2,098,705
84$2,928,767$0$0$2,236,042
85$3,122,777$0$0$2,384,970
86$3,333,278$0$0$2,546,596
87$3,561,847$0$0$2,722,137
88$3,810,220$0$0$2,912,929
89$4,080,307$0$0$3,120,447
90$4,374,208$0$0$3,346,308
91$4,694,235$0$0$3,592,296
92$5,042,931$0$0$3,860,372
93$5,423,095$0$0$4,152,694
94$5,837,809$0$0$4,471,638
95$6,290,462$0$0$4,819,818
96$6,784,788$0$0$5,200,112
97$7,324,895$0$0$5,615,690
98$7,915,306$0$0$6,070,040
99$8,561,003$0$0$6,567,001
100$9,267,469$0$0$7,110,805