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%15%
1 years$60,530$59,991$59,465$58,952$58,450$57,247
2 years$29,966$29,407$28,867$28,342$27,834$26,626
3 years$19,779$19,218$18,679$18,159$17,659$16,486
4 years$14,686$14,127$13,593$13,083$12,594$11,465
5 years$11,631$11,076$10,549$10,049$9,574$8,491
6 years$9,596$9,044$8,525$8,036$7,576$6,540
7 years$8,142$7,595$7,084$6,607$6,161$5,173
8 years$7,052$6,511$6,008$5,542$5,111$4,170
9 years$6,205$5,669$5,175$4,721$4,304$3,410
10 years$5,528$4,997$4,512$4,069$3,667$2,820
11 years$4,974$4,448$3,972$3,542$3,154$2,351
12 years$4,513$3,993$3,525$3,106$2,733$1,974
13 years$4,123$3,608$3,149$2,743$2,384$1,666
14 years$3,789$3,280$2,830$2,435$2,089$1,413
15 years$3,500$2,996$2,555$2,171$1,840$1,203
16 years$3,247$2,749$2,316$1,944$1,626$1,027
17 years$3,025$2,532$2,108$1,747$1,442$880
18 years$2,827$2,339$1,924$1,574$1,282$755
19 years$2,650$2,168$1,761$1,422$1,143$649
20 years$2,491$2,015$1,617$1,288$1,021$559
21 years$2,348$1,877$1,487$1,169$913$482
22 years$2,217$1,752$1,370$1,063$819$416
23 years$2,098$1,638$1,265$968$735$359
24 years$1,990$1,535$1,170$883$660$311
25 years$1,890$1,441$1,084$806$594$269
26 years$1,798$1,354$1,005$737$535$233
27 years$1,713$1,274$933$675$483$202
28 years$1,634$1,201$868$618$436$175
29 years$1,560$1,133$808$567$393$152
30 years$1,492$1,070$752$520$355$132
31 years$1,428$1,011$701$478$321$114
32 years$1,369$957$654$439$291$99
33 years$1,313$906$611$404$263$86
34 years$1,260$859$571$372$238$75
35 years$1,211$815$534$342$216$65
36 years$1,164$773$499$315$195$56
37 years$1,120$734$467$290$177$49
38 years$1,079$698$438$268$161$43
39 years$1,039$664$410$247$146$37
40 years$1,002$631$384$228$132$32
41 years$967$601$360$210$120$28
42 years$933$572$338$194$109$24
43 years$901$545$317$179$99$21
44 years$871$520$298$165$90$18
45 years$842$496$280$153$81$16
46 years$814$473$263$141$74$14
47 years$788$451$247$130$67$12
48 years$763$431$232$120$61$10
49 years$739$411$218$111$55$9
50 years$716$393$205$103$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $733,000, adding $2,627 every year, while hoping to spend $59,359 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: 73/18/9 Blend
58$733,000$733,000$733,000$733,000
59$810,476$771,627$760,265$868,176
60$829,987$746,279$722,577$881,264
61$849,498$717,700$681,636$887,928
62$868,948$685,668$637,272$893,577
63$888,265$649,950$589,304$898,093
64$907,369$610,298$537,547$901,348
65$926,169$566,451$481,803$903,202
66$944,563$518,132$421,869$903,502
67$962,438$465,050$357,530$902,081
68$979,663$406,894$288,565$898,755
69$996,096$343,339$214,739$893,328
70$1,011,576$274,040$135,810$885,581
71$1,025,921$198,633$51,524$875,277
72$1,038,931$116,732$0$862,157
73$1,050,381$27,932$0$849,629
74$1,060,023$0$0$839,214
75$1,067,576$0$0$839,157
76$1,072,732$0$0$842,685
77$1,075,146$0$0$843,989
78$1,074,436$0$0$842,758
79$1,070,177$0$0$838,652
80$1,061,896$0$0$831,289
81$1,049,072$0$0$820,249
82$1,031,124$0$0$805,065
83$1,007,409$0$0$785,217
84$977,216$0$0$760,134
85$939,754$0$0$729,179
86$894,152$0$0$691,649
87$839,442$0$0$646,766
88$774,556$0$0$593,669
89$698,310$0$0$531,405
90$609,397$0$0$458,922
91$506,370$0$0$375,054
92$387,632$0$0$278,516
93$251,414$0$0$167,885
94$95,766$0$0$41,590
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0