Can I retire at age 59 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$60,613$60,073$59,546$59,032$58,530$56,885
2 years$30,006$29,448$28,906$28,381$27,872$26,226
3 years$19,806$19,244$18,704$18,184$17,683$16,089
4 years$14,706$14,147$13,612$13,100$12,612$11,082
5 years$11,647$11,091$10,563$10,062$9,587$8,126
6 years$9,609$9,057$8,537$8,047$7,586$6,194
7 years$8,153$7,606$7,094$6,616$6,169$4,847
8 years$7,062$6,520$6,016$5,550$5,118$3,865
9 years$6,214$5,676$5,182$4,727$4,310$3,124
10 years$5,536$5,004$4,518$4,075$3,672$2,553
11 years$4,981$4,454$3,977$3,546$3,158$2,103
12 years$4,519$3,998$3,530$3,111$2,737$1,744
13 years$4,129$3,613$3,154$2,746$2,387$1,454
14 years$3,794$3,284$2,834$2,438$2,092$1,217
15 years$3,505$3,000$2,558$2,174$1,842$1,022
16 years$3,252$2,753$2,319$1,947$1,628$861
17 years$3,029$2,535$2,111$1,749$1,444$727
18 years$2,831$2,342$1,927$1,576$1,284$615
19 years$2,654$2,171$1,764$1,424$1,144$522
20 years$2,495$2,017$1,619$1,290$1,022$443
21 years$2,351$1,879$1,489$1,171$914$376
22 years$2,220$1,754$1,372$1,064$820$320
23 years$2,101$1,641$1,267$969$736$272
24 years$1,992$1,537$1,172$884$661$232
25 years$1,892$1,442$1,085$807$595$198
26 years$1,800$1,356$1,007$738$536$169
27 years$1,715$1,276$935$676$483$144
28 years$1,636$1,202$869$619$436$123
29 years$1,563$1,134$809$568$394$105
30 years$1,494$1,071$753$521$356$90
31 years$1,430$1,013$702$479$322$77
32 years$1,370$958$655$440$291$65
33 years$1,314$907$612$404$263$56
34 years$1,262$860$572$372$238$48
35 years$1,212$816$534$343$216$41
36 years$1,166$774$500$316$196$35
37 years$1,122$735$468$291$177$30
38 years$1,080$699$438$268$161$26
39 years$1,041$664$410$247$146$22
40 years$1,003$632$385$228$132$19
41 years$968$602$361$210$120$16
42 years$934$573$338$194$109$14
43 years$903$546$318$179$99$12
44 years$872$521$298$165$90$10
45 years$843$496$280$153$81$9
46 years$815$473$263$141$74$7
47 years$789$452$247$130$67$6
48 years$764$431$232$120$61$5
49 years$740$412$218$111$55$5
50 years$717$393$205$103$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $734,000, adding $4,035 every year, while hoping to spend $23,924 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: 43/44/13 Blend
58$734,000$734,000$734,000$734,000
59$813,030$774,128$762,751$844,758
60$870,504$786,605$762,848$879,831
61$933,039$798,892$762,147$915,097
62$1,001,125$810,954$760,595$952,777
63$1,075,303$822,754$758,138$993,102
64$1,156,167$834,252$754,719$1,036,329
65$1,244,371$845,405$750,277$1,082,740
66$1,340,635$856,169$744,750$1,132,647
67$1,445,753$866,495$738,072$1,186,394
68$1,560,597$876,330$730,174$1,244,362
69$1,686,127$885,619$720,985$1,306,970
70$1,823,401$894,303$710,427$1,374,683
71$1,973,584$902,320$698,422$1,448,012
72$2,137,958$909,602$684,887$1,527,523
73$2,317,934$916,077$669,735$1,613,841
74$2,515,068$921,669$652,876$1,707,655
75$2,731,072$926,298$634,214$1,809,726
76$2,967,831$929,877$613,650$1,920,894
77$3,227,423$932,314$591,081$2,042,089
78$3,512,134$933,511$566,396$2,174,334
79$3,824,485$933,367$539,484$2,318,759
80$4,167,250$931,769$510,224$2,476,615
81$4,543,487$928,603$478,494$2,649,277
82$4,956,561$923,743$444,162$2,838,268
83$5,410,183$917,059$407,094$3,045,267
84$5,908,438$908,411$367,148$3,272,126
85$6,455,827$897,652$324,176$3,520,889
86$7,057,308$884,624$278,023$3,793,815
87$7,718,345$869,162$228,528$4,093,393
88$8,444,955$851,090$175,522$4,422,370
89$9,243,769$830,221$118,830$4,783,780
90$10,122,090$806,359$58,268$5,180,969
91$11,087,967$779,294$0$5,617,627
92$12,150,267$748,806$0$6,098,709
93$13,318,757$714,661$0$6,636,511
94$14,604,203$676,612$0$7,227,926
95$16,018,462$634,397$0$7,878,453
96$17,574,601$587,738$0$8,594,157
97$19,287,018$536,345$0$9,381,723
98$21,171,576$479,907$0$10,248,527
99$23,245,752$418,099$0$11,202,699
100$25,528,807$350,574$0$12,253,207