Can I retire at age 59 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$60,530$59,991$59,465$58,952$58,450$57,672
2 years$29,966$29,407$28,867$28,342$27,834$27,051
3 years$19,779$19,218$18,679$18,159$17,659$16,896
4 years$14,686$14,127$13,593$13,083$12,594$11,857
5 years$11,631$11,076$10,549$10,049$9,574$8,864
6 years$9,596$9,044$8,525$8,036$7,576$6,895
7 years$8,142$7,595$7,084$6,607$6,161$5,509
8 years$7,052$6,511$6,008$5,542$5,111$4,488
9 years$6,205$5,669$5,175$4,721$4,304$3,709
10 years$5,528$4,997$4,512$4,069$3,667$3,101
11 years$4,974$4,448$3,972$3,542$3,154$2,615
12 years$4,513$3,993$3,525$3,106$2,733$2,221
13 years$4,123$3,608$3,149$2,743$2,384$1,898
14 years$3,789$3,280$2,830$2,435$2,089$1,629
15 years$3,500$2,996$2,555$2,171$1,840$1,404
16 years$3,247$2,749$2,316$1,944$1,626$1,214
17 years$3,025$2,532$2,108$1,747$1,442$1,053
18 years$2,827$2,339$1,924$1,574$1,282$915
19 years$2,650$2,168$1,761$1,422$1,143$797
20 years$2,491$2,015$1,617$1,288$1,021$696
21 years$2,348$1,877$1,487$1,169$913$608
22 years$2,217$1,752$1,370$1,063$819$532
23 years$2,098$1,638$1,265$968$735$467
24 years$1,990$1,535$1,170$883$660$409
25 years$1,890$1,441$1,084$806$594$359
26 years$1,798$1,354$1,005$737$535$316
27 years$1,713$1,274$933$675$483$277
28 years$1,634$1,201$868$618$436$244
29 years$1,560$1,133$808$567$393$215
30 years$1,492$1,070$752$520$355$189
31 years$1,428$1,011$701$478$321$167
32 years$1,369$957$654$439$291$147
33 years$1,313$906$611$404$263$129
34 years$1,260$859$571$372$238$114
35 years$1,211$815$534$342$216$101
36 years$1,164$773$499$315$195$89
37 years$1,120$734$467$290$177$78
38 years$1,079$698$438$268$161$69
39 years$1,039$664$410$247$146$61
40 years$1,002$631$384$228$132$54
41 years$967$601$360$210$120$47
42 years$933$572$338$194$109$42
43 years$901$545$317$179$99$37
44 years$871$520$298$165$90$33
45 years$842$496$280$153$81$29
46 years$814$473$263$141$74$25
47 years$788$451$247$130$67$22
48 years$763$431$232$120$61$20
49 years$739$411$218$111$55$18
50 years$716$393$205$103$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $733,000, adding $4,847 every year, while hoping to spend $22,995 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: 50/24/26 Blend
58$733,000$733,000$733,000$733,000
59$812,766$773,917$762,555$847,224
60$871,201$787,372$763,634$885,205
61$934,827$800,716$763,979$923,770
62$1,004,147$813,919$763,540$965,228
63$1,079,718$826,949$762,266$1,009,865
64$1,162,151$839,771$760,104$1,057,993
65$1,252,120$852,350$756,997$1,109,960
66$1,350,365$864,644$752,886$1,166,148
67$1,457,704$876,613$747,709$1,226,980
68$1,575,033$888,211$741,401$1,292,922
69$1,703,342$899,389$733,894$1,364,488
70$1,843,720$910,096$725,116$1,442,246
71$1,997,366$920,277$714,994$1,526,823
72$2,165,599$929,873$703,448$1,618,911
73$2,349,875$938,820$690,398$1,719,272
74$2,551,792$947,053$675,756$1,828,750
75$2,773,116$954,499$659,435$1,948,273
76$3,015,787$961,083$641,340$2,078,868
77$3,281,945$966,724$621,372$2,221,666
78$3,573,946$971,336$599,430$2,377,916
79$3,894,383$974,826$575,406$2,548,997
80$4,246,116$977,098$549,188$2,736,428
81$4,632,292$978,049$520,658$2,941,887
82$5,056,381$977,568$489,695$3,167,224
83$5,522,201$975,538$456,169$3,414,480
84$6,033,963$971,836$419,948$3,685,908
85$6,596,301$966,331$380,891$3,983,992
86$7,214,325$958,882$338,852$4,311,471
87$7,893,661$949,342$293,678$4,671,368
88$8,640,509$937,555$245,211$5,067,017
89$9,461,699$923,353$193,283$5,502,095
90$10,364,755$906,560$137,721$5,980,657
91$11,357,969$886,991$78,344$6,507,175
92$12,450,476$864,447$14,962$7,086,583
93$13,652,338$838,719$0$7,724,320
94$14,974,646$809,585$0$8,440,999
95$16,429,618$776,812$0$9,234,001
96$18,030,714$740,151$0$10,106,525
97$19,792,768$699,340$0$11,066,678
98$21,732,124$654,101$0$12,123,395
99$23,866,790$604,141$0$13,286,524
100$26,216,608$549,150$0$14,566,920