Can I retire at age 59 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$60,778$60,237$59,709$59,193$58,690$57,932
2 years$30,088$29,528$28,985$28,458$27,947$27,185
3 years$19,860$19,297$18,755$18,233$17,731$16,988
4 years$14,746$14,185$13,649$13,136$12,646$11,928
5 years$11,679$11,121$10,592$10,090$9,613$8,922
6 years$9,635$9,081$8,560$8,069$7,607$6,943
7 years$8,175$7,627$7,113$6,634$6,186$5,551
8 years$7,081$6,537$6,033$5,565$5,132$4,525
9 years$6,231$5,692$5,196$4,740$4,322$3,742
10 years$5,551$5,017$4,530$4,086$3,683$3,130
11 years$4,995$4,467$3,988$3,556$3,167$2,641
12 years$4,532$4,009$3,539$3,119$2,745$2,245
13 years$4,140$3,623$3,162$2,754$2,393$1,919
14 years$3,805$3,293$2,841$2,444$2,098$1,648
15 years$3,515$3,008$2,565$2,180$1,847$1,422
16 years$3,261$2,760$2,326$1,952$1,633$1,230
17 years$3,037$2,542$2,116$1,754$1,448$1,068
18 years$2,838$2,349$1,932$1,581$1,287$929
19 years$2,661$2,177$1,769$1,428$1,147$810
20 years$2,501$2,023$1,623$1,293$1,025$707
21 years$2,357$1,884$1,493$1,174$917$619
22 years$2,226$1,759$1,376$1,067$822$542
23 years$2,107$1,645$1,271$972$738$475
24 years$1,998$1,541$1,175$887$663$417
25 years$1,898$1,446$1,088$810$597$367
26 years$1,805$1,359$1,009$740$538$322
27 years$1,720$1,279$937$678$485$284
28 years$1,640$1,206$871$621$437$250
29 years$1,567$1,137$811$569$395$220
30 years$1,498$1,074$755$523$357$194
31 years$1,434$1,015$704$480$323$171
32 years$1,374$961$657$441$292$151
33 years$1,318$910$613$406$264$133
34 years$1,265$862$573$373$239$117
35 years$1,216$818$536$344$217$103
36 years$1,169$776$501$316$196$91
37 years$1,125$737$469$291$178$81
38 years$1,083$701$439$269$161$71
39 years$1,044$666$412$248$146$63
40 years$1,006$634$386$228$133$56
41 years$971$603$362$211$120$49
42 years$937$575$339$195$109$43
43 years$905$548$318$180$99$38
44 years$874$522$299$166$90$34
45 years$845$498$281$153$82$30
46 years$818$475$264$141$74$26
47 years$791$453$248$131$67$23
48 years$766$433$233$121$61$21
49 years$742$413$219$112$56$18
50 years$719$395$206$103$50$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $736,000, adding $2,721 every year, while hoping to spend $45,999 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: 49/40/11 Blend
58$736,000$736,000$736,000$736,000
59$813,879$774,871$763,463$851,203
60$847,952$763,897$740,096$866,132
61$883,959$750,843$714,405$877,290
62$922,048$735,560$686,263$888,362
63$962,382$717,888$655,538$899,353
64$1,005,138$697,657$622,092$910,273
65$1,050,510$674,690$585,780$921,136
66$1,098,709$648,798$546,451$931,959
67$1,149,968$619,779$503,947$942,766
68$1,204,540$587,424$458,104$953,585
69$1,262,702$551,506$408,750$964,455
70$1,324,759$511,791$355,704$975,419
71$1,391,043$468,028$298,779$986,530
72$1,461,920$419,952$237,779$997,853
73$1,537,789$367,283$172,498$1,009,464
74$1,619,090$309,726$102,723$1,021,450
75$1,706,303$246,969$28,230$1,033,917
76$1,799,957$178,682$0$1,046,983
77$1,900,632$104,516$0$1,066,807
78$2,008,964$24,105$0$1,091,457
79$2,125,651$0$0$1,117,833
80$2,251,461$0$0$1,173,879
81$2,387,237$0$0$1,245,877
82$2,533,905$0$0$1,323,714
83$2,692,483$0$0$1,407,940
84$2,864,090$0$0$1,499,157
85$3,049,956$0$0$1,598,028
86$3,251,432$0$0$1,705,281
87$3,470,006$0$0$1,821,718
88$3,707,312$0$0$1,948,220
89$3,965,150$0$0$2,085,758
90$4,245,497$0$0$2,235,396
91$4,550,531$0$0$2,398,310
92$4,882,646$0$0$2,575,791
93$5,244,478$0$0$2,769,259
94$5,638,926$0$0$2,980,280
95$6,069,183$0$0$3,210,574
96$6,538,761$0$0$3,462,037
97$7,051,527$0$0$3,736,755
98$7,611,739$0$0$4,037,023
99$8,224,082$0$0$4,365,372
100$8,893,717$0$0$4,724,584