Can I retire at age 59 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$60,696$60,155$59,627$59,113$58,610$56,757
2 years$30,047$29,488$28,945$28,420$27,909$26,059
3 years$19,833$19,271$18,730$18,209$17,707$15,917
4 years$14,726$14,166$13,630$13,118$12,629$10,914
5 years$11,663$11,106$10,578$10,076$9,600$7,965
6 years$9,622$9,069$8,548$8,058$7,596$6,041
7 years$8,164$7,616$7,104$6,625$6,178$4,704
8 years$7,072$6,528$6,025$5,557$5,125$3,730
9 years$6,222$5,684$5,189$4,734$4,316$2,999
10 years$5,543$5,010$4,524$4,081$3,678$2,437
11 years$4,988$4,460$3,983$3,551$3,163$1,996
12 years$4,525$4,003$3,535$3,115$2,741$1,645
13 years$4,134$3,618$3,158$2,750$2,390$1,363
14 years$3,800$3,289$2,837$2,441$2,095$1,134
15 years$3,510$3,004$2,562$2,177$1,845$947
16 years$3,256$2,756$2,323$1,949$1,630$792
17 years$3,033$2,538$2,113$1,751$1,446$665
18 years$2,835$2,346$1,929$1,578$1,285$559
19 years$2,657$2,174$1,766$1,426$1,146$470
20 years$2,498$2,020$1,621$1,292$1,023$397
21 years$2,354$1,882$1,491$1,172$916$335
22 years$2,223$1,756$1,374$1,066$821$283
23 years$2,104$1,643$1,269$971$737$239
24 years$1,995$1,539$1,173$885$662$202
25 years$1,895$1,444$1,087$809$596$171
26 years$1,803$1,358$1,008$739$537$145
27 years$1,717$1,278$936$677$484$123
28 years$1,638$1,204$870$620$437$104
29 years$1,565$1,136$810$569$394$88
30 years$1,496$1,073$754$522$356$75
31 years$1,432$1,014$703$479$322$63
32 years$1,372$959$656$440$291$54
33 years$1,316$909$613$405$264$46
34 years$1,264$861$572$373$239$39
35 years$1,214$817$535$343$216$33
36 years$1,167$775$501$316$196$28
37 years$1,123$736$469$291$178$24
38 years$1,082$700$439$268$161$20
39 years$1,042$665$411$247$146$17
40 years$1,005$633$385$228$132$14
41 years$969$603$361$211$120$12
42 years$936$574$339$194$109$10
43 years$904$547$318$179$99$9
44 years$873$521$298$166$90$7
45 years$844$497$280$153$82$6
46 years$817$474$263$141$74$5
47 years$790$452$247$131$67$5
48 years$765$432$232$121$61$4
49 years$741$412$218$111$55$3
50 years$718$394$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $735,000, adding $2,954 every year, while hoping to spend $39,407 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: 62/9/29 Blend
58$735,000$735,000$735,000$735,000
59$813,017$774,062$762,670$856,913
60$854,016$770,062$746,290$883,118
61$897,876$764,546$728,041$907,197
62$944,848$757,397$707,819$932,659
63$995,205$748,492$685,514$959,648
64$1,049,249$737,702$661,012$988,323
65$1,107,311$724,887$634,194$1,018,861
66$1,169,752$709,902$604,935$1,051,459
67$1,236,972$692,593$573,105$1,086,335
68$1,309,407$672,794$538,568$1,123,732
69$1,387,538$650,332$501,182$1,163,919
70$1,471,892$625,023$460,797$1,207,195
71$1,563,049$596,674$417,258$1,253,891
72$1,661,647$565,077$370,402$1,304,374
73$1,768,385$530,016$320,061$1,359,052
74$1,884,034$491,261$266,057$1,418,376
75$2,009,440$448,567$208,204$1,482,847
76$2,145,535$401,679$146,311$1,553,017
77$2,293,342$350,323$80,175$1,629,502
78$2,453,987$294,214$9,585$1,712,981
79$2,628,711$233,047$0$1,804,205
80$2,818,875$166,501$0$1,924,352
81$3,025,979$94,240$0$2,058,486
82$3,251,676$15,904$0$2,204,732
83$3,497,780$0$0$2,364,294
84$3,766,292$0$0$2,545,323
85$4,059,411$0$0$2,744,714
86$4,379,561$0$0$2,962,545
87$4,729,408$0$0$3,200,637
88$5,111,889$0$0$3,460,996
89$5,530,234$0$0$3,745,830
90$5,988,005$0$0$4,057,568
91$6,489,118$0$0$4,398,889
92$7,037,892$0$0$4,772,738
93$7,639,077$0$0$5,182,363
94$8,297,907$0$0$5,631,338
95$9,020,147$0$0$6,123,601
96$9,812,145$0$0$6,663,486
97$10,680,892$0$0$7,255,772
98$11,634,091$0$0$7,905,717
99$12,680,225$0$0$8,619,118
100$13,828,637$0$0$9,402,357