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%11.3%
1 years$60,530$59,991$59,465$58,952$58,450$58,131
2 years$29,966$29,407$28,867$28,342$27,834$27,511
3 years$19,779$19,218$18,679$18,159$17,659$17,343
4 years$14,686$14,127$13,593$13,083$12,594$12,288
5 years$11,631$11,076$10,549$10,049$9,574$9,279
6 years$9,596$9,044$8,525$8,036$7,576$7,291
7 years$8,142$7,595$7,084$6,607$6,161$5,887
8 years$7,052$6,511$6,008$5,542$5,111$4,848
9 years$6,205$5,669$5,175$4,721$4,304$4,052
10 years$5,528$4,997$4,512$4,069$3,667$3,426
11 years$4,974$4,448$3,972$3,542$3,154$2,924
12 years$4,513$3,993$3,525$3,106$2,733$2,513
13 years$4,123$3,608$3,149$2,743$2,384$2,174
14 years$3,789$3,280$2,830$2,435$2,089$1,890
15 years$3,500$2,996$2,555$2,171$1,840$1,650
16 years$3,247$2,749$2,316$1,944$1,626$1,445
17 years$3,025$2,532$2,108$1,747$1,442$1,270
18 years$2,827$2,339$1,924$1,574$1,282$1,119
19 years$2,650$2,168$1,761$1,422$1,143$988
20 years$2,491$2,015$1,617$1,288$1,021$875
21 years$2,348$1,877$1,487$1,169$913$775
22 years$2,217$1,752$1,370$1,063$819$688
23 years$2,098$1,638$1,265$968$735$612
24 years$1,990$1,535$1,170$883$660$545
25 years$1,890$1,441$1,084$806$594$485
26 years$1,798$1,354$1,005$737$535$433
27 years$1,713$1,274$933$675$483$386
28 years$1,634$1,201$868$618$436$345
29 years$1,560$1,133$808$567$393$308
30 years$1,492$1,070$752$520$355$276
31 years$1,428$1,011$701$478$321$247
32 years$1,369$957$654$439$291$221
33 years$1,313$906$611$404$263$198
34 years$1,260$859$571$372$238$177
35 years$1,211$815$534$342$216$159
36 years$1,164$773$499$315$195$142
37 years$1,120$734$467$290$177$128
38 years$1,079$698$438$268$161$114
39 years$1,039$664$410$247$146$103
40 years$1,002$631$384$228$132$92
41 years$967$601$360$210$120$83
42 years$933$572$338$194$109$74
43 years$901$545$317$179$99$66
44 years$871$520$298$165$90$60
45 years$842$496$280$153$81$54
46 years$814$473$263$141$74$48
47 years$788$451$247$130$67$43
48 years$763$431$232$120$61$39
49 years$739$411$218$111$55$35
50 years$716$393$205$103$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $733,000, adding $3,915 every year, while hoping to spend $30,721 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: 58/20/22 Blend
58$733,000$733,000$733,000$733,000
59$811,804$772,955$761,594$853,894
60$861,921$778,143$754,420$888,188
61$916,121$782,556$745,977$921,914
62$974,787$786,122$736,188$958,015
63$1,038,341$788,768$724,977$996,726
64$1,107,247$790,414$712,259$1,038,308
65$1,182,017$790,974$697,950$1,083,051
66$1,263,210$790,360$681,959$1,131,273
67$1,351,445$788,475$664,192$1,183,329
68$1,447,401$785,219$644,551$1,239,609
69$1,551,825$780,483$622,932$1,300,544
70$1,665,538$774,154$599,228$1,366,612
71$1,789,447$766,111$573,326$1,438,340
72$1,924,546$756,226$545,108$1,516,310
73$2,071,931$744,363$514,450$1,601,167
74$2,232,808$730,377$481,225$1,693,622
75$2,408,506$714,116$445,297$1,794,462
76$2,600,485$695,419$406,526$1,904,555
77$2,810,355$674,115$364,765$2,024,859
78$3,039,887$650,023$319,860$2,156,436
79$3,291,031$622,950$271,652$2,300,454
80$3,565,937$592,695$219,972$2,458,206
81$3,866,968$559,043$164,647$2,631,120
82$4,196,730$521,767$105,494$2,820,771
83$4,558,090$480,627$42,322$3,028,899
84$4,954,208$435,371$0$3,257,425
85$5,388,562$385,729$0$3,514,359
86$5,864,985$331,419$0$3,807,138
87$6,387,697$272,142$0$4,128,450
88$6,961,346$207,581$0$4,481,199
89$7,591,054$137,404$0$4,868,590
90$8,282,462$61,256$0$5,294,152
91$9,041,782$0$0$5,761,778
92$9,875,860$0$0$6,280,434
93$10,792,236$0$0$6,865,143
94$11,799,217$0$0$7,507,731
95$12,905,955$0$0$8,214,047
96$14,122,531$0$0$8,990,534
97$15,460,053$0$0$9,844,290
98$16,930,759$0$0$10,783,136
99$18,548,131$0$0$11,815,688
100$20,327,023$0$0$12,951,439