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%15.2%
1 years$60,696$60,155$59,627$59,113$58,610$57,356
2 years$30,047$29,488$28,945$28,420$27,909$26,653
3 years$19,833$19,271$18,730$18,209$17,707$16,486
4 years$14,726$14,166$13,630$13,118$12,629$11,453
5 years$11,663$11,106$10,578$10,076$9,600$8,473
6 years$9,622$9,069$8,548$8,058$7,596$6,519
7 years$8,164$7,616$7,104$6,625$6,178$5,151
8 years$7,072$6,528$6,025$5,557$5,125$4,148
9 years$6,222$5,684$5,189$4,734$4,316$3,388
10 years$5,543$5,010$4,524$4,081$3,678$2,797
11 years$4,988$4,460$3,983$3,551$3,163$2,330
12 years$4,525$4,003$3,535$3,115$2,741$1,953
13 years$4,134$3,618$3,158$2,750$2,390$1,647
14 years$3,800$3,289$2,837$2,441$2,095$1,395
15 years$3,510$3,004$2,562$2,177$1,845$1,186
16 years$3,256$2,756$2,323$1,949$1,630$1,011
17 years$3,033$2,538$2,113$1,751$1,446$865
18 years$2,835$2,346$1,929$1,578$1,285$741
19 years$2,657$2,174$1,766$1,426$1,146$636
20 years$2,498$2,020$1,621$1,292$1,023$547
21 years$2,354$1,882$1,491$1,172$916$471
22 years$2,223$1,756$1,374$1,066$821$406
23 years$2,104$1,643$1,269$971$737$350
24 years$1,995$1,539$1,173$885$662$302
25 years$1,895$1,444$1,087$809$596$261
26 years$1,803$1,358$1,008$739$537$226
27 years$1,717$1,278$936$677$484$195
28 years$1,638$1,204$870$620$437$169
29 years$1,565$1,136$810$569$394$146
30 years$1,496$1,073$754$522$356$127
31 years$1,432$1,014$703$479$322$110
32 years$1,372$959$656$440$291$95
33 years$1,316$909$613$405$264$83
34 years$1,264$861$572$373$239$72
35 years$1,214$817$535$343$216$62
36 years$1,167$775$501$316$196$54
37 years$1,123$736$469$291$178$47
38 years$1,082$700$439$268$161$40
39 years$1,042$665$411$247$146$35
40 years$1,005$633$385$228$132$30
41 years$969$603$361$211$120$26
42 years$936$574$339$194$109$23
43 years$904$547$318$179$99$20
44 years$873$521$298$166$90$17
45 years$844$497$280$153$82$15
46 years$817$474$263$141$74$13
47 years$790$452$247$131$67$11
48 years$765$432$232$121$61$10
49 years$741$412$218$111$55$9
50 years$718$394$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $735,000, adding $6,049 every year, while hoping to spend $55,673 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: 65/16/19 Blend
58$735,000$735,000$735,000$735,000
59$816,210$777,255$765,862$864,991
60$840,227$756,104$732,283$877,323
61$864,829$732,052$695,713$883,877
62$890,015$704,896$655,993$889,716
63$915,785$674,425$612,957$894,769
64$942,136$640,412$566,432$898,965
65$969,062$602,620$516,235$902,222
66$996,555$560,798$462,178$904,457
67$1,024,606$514,679$404,063$905,578
68$1,053,199$463,981$341,683$905,487
69$1,082,317$408,408$274,821$904,080
70$1,111,939$347,646$203,253$901,245
71$1,142,037$281,361$126,743$896,860
72$1,172,582$209,204$45,045$890,797
73$1,203,534$130,804$0$882,916
74$1,234,851$45,770$0$881,611
75$1,266,482$0$0$888,480
76$1,298,368$0$0$902,418
77$1,330,442$0$0$924,523
78$1,362,626$0$0$946,680
79$1,394,831$0$0$968,824
80$1,426,958$0$0$990,882
81$1,458,893$0$0$1,012,772
82$1,490,506$0$0$1,034,401
83$1,521,651$0$0$1,055,664
84$1,552,166$0$0$1,076,441
85$1,581,865$0$0$1,096,600
86$1,610,543$0$0$1,115,992
87$1,637,966$0$0$1,134,450
88$1,663,875$0$0$1,151,786
89$1,687,980$0$0$1,167,791
90$1,709,958$0$0$1,182,232
91$1,729,445$0$0$1,194,849
92$1,746,041$0$0$1,205,352
93$1,759,295$0$0$1,213,417
94$1,768,709$0$0$1,218,687
95$1,773,726$0$0$1,220,762
96$1,773,731$0$0$1,219,198
97$1,768,038$0$0$1,213,503
98$1,755,885$0$0$1,203,130
99$1,736,429$0$0$1,187,474
100$1,708,734$0$0$1,165,862