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%19.1%
1 years$60,696$60,155$59,627$59,113$58,610$56,463
2 years$30,047$29,488$28,945$28,420$27,909$25,770
3 years$19,833$19,271$18,730$18,209$17,707$15,643
4 years$14,726$14,166$13,630$13,118$12,629$10,656
5 years$11,663$11,106$10,578$10,076$9,600$7,723
6 years$9,622$9,069$8,548$8,058$7,596$5,817
7 years$8,164$7,616$7,104$6,625$6,178$4,495
8 years$7,072$6,528$6,025$5,557$5,125$3,538
9 years$6,222$5,684$5,189$4,734$4,316$2,822
10 years$5,543$5,010$4,524$4,081$3,678$2,274
11 years$4,988$4,460$3,983$3,551$3,163$1,847
12 years$4,525$4,003$3,535$3,115$2,741$1,509
13 years$4,134$3,618$3,158$2,750$2,390$1,239
14 years$3,800$3,289$2,837$2,441$2,095$1,022
15 years$3,510$3,004$2,562$2,177$1,845$845
16 years$3,256$2,756$2,323$1,949$1,630$701
17 years$3,033$2,538$2,113$1,751$1,446$582
18 years$2,835$2,346$1,929$1,578$1,285$485
19 years$2,657$2,174$1,766$1,426$1,146$404
20 years$2,498$2,020$1,621$1,292$1,023$337
21 years$2,354$1,882$1,491$1,172$916$282
22 years$2,223$1,756$1,374$1,066$821$236
23 years$2,104$1,643$1,269$971$737$197
24 years$1,995$1,539$1,173$885$662$165
25 years$1,895$1,444$1,087$809$596$138
26 years$1,803$1,358$1,008$739$537$116
27 years$1,717$1,278$936$677$484$97
28 years$1,638$1,204$870$620$437$81
29 years$1,565$1,136$810$569$394$68
30 years$1,496$1,073$754$522$356$57
31 years$1,432$1,014$703$479$322$48
32 years$1,372$959$656$440$291$40
33 years$1,316$909$613$405$264$34
34 years$1,264$861$572$373$239$28
35 years$1,214$817$535$343$216$24
36 years$1,167$775$501$316$196$20
37 years$1,123$736$469$291$178$17
38 years$1,082$700$439$268$161$14
39 years$1,042$665$411$247$146$12
40 years$1,005$633$385$228$132$10
41 years$969$603$361$211$120$8
42 years$936$574$339$194$109$7
43 years$904$547$318$179$99$6
44 years$873$521$298$166$90$5
45 years$844$497$280$153$82$4
46 years$817$474$263$141$74$3
47 years$790$452$247$131$67$3
48 years$765$432$232$121$61$2
49 years$741$412$218$111$55$2
50 years$718$394$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $735,000, adding $5,682 every year, while hoping to spend $35,639 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: 68/10/22 Blend
58$735,000$735,000$735,000$735,000
59$815,831$776,876$765,483$866,415
60$861,126$777,023$753,208$901,155
61$909,847$775,983$739,326$934,497
62$962,305$773,660$723,747$970,122
63$1,018,843$769,953$706,376$1,008,254
64$1,079,837$764,752$687,111$1,049,142
65$1,145,700$757,945$665,849$1,093,059
66$1,216,887$749,409$642,480$1,140,308
67$1,293,895$739,016$616,889$1,191,224
68$1,377,275$726,630$588,957$1,246,176
69$1,467,628$712,106$558,558$1,305,573
70$1,565,618$695,292$525,562$1,369,866
71$1,671,974$676,024$489,832$1,439,553
72$1,787,499$654,133$451,225$1,515,185
73$1,913,074$629,435$409,591$1,597,370
74$2,049,670$601,740$364,775$1,686,781
75$2,198,355$570,844$316,613$1,784,159
76$2,360,304$536,533$264,937$1,890,323
77$2,536,810$498,577$209,567$2,006,178
78$2,729,296$456,739$150,318$2,132,724
79$2,939,328$410,762$86,998$2,271,064
80$3,168,629$360,380$19,402$2,422,415
81$3,419,099$305,308$0$2,588,122
82$3,692,825$245,246$0$2,782,048
83$3,992,108$179,879$0$2,999,118
84$4,319,481$108,870$0$3,236,633
85$4,677,731$31,868$0$3,496,648
86$5,069,929$0$0$3,781,422
87$5,499,456$0$0$4,099,115
88$5,970,035$0$0$4,451,056
89$6,485,767$0$0$4,836,811
90$7,051,167$0$0$5,259,764
91$7,671,209$0$0$5,723,639
92$8,351,371$0$0$6,232,543
93$9,097,688$0$0$6,790,995
94$9,916,805$0$0$7,403,975
95$10,816,043$0$0$8,076,969
96$11,803,466$0$0$8,816,018
97$12,887,959$0$0$9,627,779
98$14,079,307$0$0$10,519,585
99$15,388,291$0$0$11,499,512
100$16,826,787$0$0$12,576,460