Can I retire at age 59 with 733,000?

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 $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%15.7%
1 years$60,530$59,991$59,465$58,952$58,450$57,084
2 years$29,966$29,407$28,867$28,342$27,834$26,464
3 years$19,779$19,218$18,679$18,159$17,659$16,330
4 years$14,686$14,127$13,593$13,083$12,594$11,316
5 years$11,631$11,076$10,549$10,049$9,574$8,350
6 years$9,596$9,044$8,525$8,036$7,576$6,407
7 years$8,142$7,595$7,084$6,607$6,161$5,048
8 years$7,052$6,511$6,008$5,542$5,111$4,053
9 years$6,205$5,669$5,175$4,721$4,304$3,301
10 years$5,528$4,997$4,512$4,069$3,667$2,717
11 years$4,974$4,448$3,972$3,542$3,154$2,255
12 years$4,513$3,993$3,525$3,106$2,733$1,885
13 years$4,123$3,608$3,149$2,743$2,384$1,584
14 years$3,789$3,280$2,830$2,435$2,089$1,337
15 years$3,500$2,996$2,555$2,171$1,840$1,133
16 years$3,247$2,749$2,316$1,944$1,626$962
17 years$3,025$2,532$2,108$1,747$1,442$820
18 years$2,827$2,339$1,924$1,574$1,282$700
19 years$2,650$2,168$1,761$1,422$1,143$599
20 years$2,491$2,015$1,617$1,288$1,021$513
21 years$2,348$1,877$1,487$1,169$913$440
22 years$2,217$1,752$1,370$1,063$819$378
23 years$2,098$1,638$1,265$968$735$324
24 years$1,990$1,535$1,170$883$660$279
25 years$1,890$1,441$1,084$806$594$240
26 years$1,798$1,354$1,005$737$535$207
27 years$1,713$1,274$933$675$483$178
28 years$1,634$1,201$868$618$436$154
29 years$1,560$1,133$808$567$393$132
30 years$1,492$1,070$752$520$355$114
31 years$1,428$1,011$701$478$321$99
32 years$1,369$957$654$439$291$85
33 years$1,313$906$611$404$263$73
34 years$1,260$859$571$372$238$63
35 years$1,211$815$534$342$216$55
36 years$1,164$773$499$315$195$47
37 years$1,120$734$467$290$177$41
38 years$1,079$698$438$268$161$35
39 years$1,039$664$410$247$146$30
40 years$1,002$631$384$228$132$26
41 years$967$601$360$210$120$23
42 years$933$572$338$194$109$20
43 years$901$545$317$179$99$17
44 years$871$520$298$165$90$15
45 years$842$496$280$153$81$13
46 years$814$473$263$141$74$11
47 years$788$451$247$130$67$9
48 years$763$431$232$120$61$8
49 years$739$411$218$111$55$7
50 years$716$393$205$103$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $733,000, adding $2,658 every year, while hoping to spend $57,042 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: 49/23/28 Blend
58$733,000$733,000$733,000$733,000
59$810,508$771,659$760,297$843,657
60$832,487$748,778$725,075$844,293
61$854,797$722,864$686,761$839,135
62$877,410$693,708$645,191$832,421
63$900,296$661,090$600,195$824,032
64$923,417$624,774$551,593$813,839
65$946,733$584,516$499,199$801,707
66$970,195$540,052$442,817$787,490
67$993,747$491,106$382,243$771,032
68$1,017,325$437,387$317,265$752,168
69$1,040,859$378,585$247,659$730,719
70$1,064,266$314,375$173,195$706,496
71$1,087,453$244,411$93,629$679,296
72$1,110,316$168,331$8,709$648,901
73$1,132,737$85,748$0$615,079
74$1,154,584$0$0$602,054
75$1,175,709$0$0$590,401
76$1,195,944$0$0$599,927
77$1,215,102$0$0$608,828
78$1,232,976$0$0$616,989
79$1,249,331$0$0$624,284
80$1,263,909$0$0$630,570
81$1,276,418$0$0$635,690
82$1,286,537$0$0$639,467
83$1,293,905$0$0$641,706
84$1,298,124$0$0$642,189
85$1,298,748$0$0$640,675
86$1,295,285$0$0$636,895
87$1,287,186$0$0$630,552
88$1,273,845$0$0$621,316
89$1,254,587$0$0$608,821
90$1,228,665$0$0$592,662
91$1,195,251$0$0$572,389
92$1,153,429$0$0$547,506
93$1,102,183$0$0$517,462
94$1,040,390$0$0$481,647
95$966,806$0$0$439,389
96$880,057$0$0$389,942
97$778,619$0$0$332,482
98$660,813$0$0$266,098
99$524,777$0$0$189,783
100$368,457$0$0$102,426