Can I retire at age 59 with 736,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$60,778$60,237$59,709$59,193$58,690$57,670
2 years$30,088$29,528$28,985$28,458$27,947$26,923
3 years$19,860$19,297$18,755$18,233$17,731$16,735
4 years$14,746$14,185$13,649$13,136$12,646$11,685
5 years$11,679$11,121$10,592$10,090$9,613$8,690
6 years$9,635$9,081$8,560$8,069$7,607$6,722
7 years$8,175$7,627$7,113$6,634$6,186$5,341
8 years$7,081$6,537$6,033$5,565$5,132$4,326
9 years$6,231$5,692$5,196$4,740$4,322$3,555
10 years$5,551$5,017$4,530$4,086$3,683$2,953
11 years$4,995$4,467$3,988$3,556$3,167$2,475
12 years$4,532$4,009$3,539$3,119$2,745$2,089
13 years$4,140$3,623$3,162$2,754$2,393$1,773
14 years$3,805$3,293$2,841$2,444$2,098$1,512
15 years$3,515$3,008$2,565$2,180$1,847$1,294
16 years$3,261$2,760$2,326$1,952$1,633$1,111
17 years$3,037$2,542$2,116$1,754$1,448$957
18 years$2,838$2,349$1,932$1,581$1,287$826
19 years$2,661$2,177$1,769$1,428$1,147$714
20 years$2,501$2,023$1,623$1,293$1,025$619
21 years$2,357$1,884$1,493$1,174$917$537
22 years$2,226$1,759$1,376$1,067$822$466
23 years$2,107$1,645$1,271$972$738$405
24 years$1,998$1,541$1,175$887$663$353
25 years$1,898$1,446$1,088$810$597$307
26 years$1,805$1,359$1,009$740$538$268
27 years$1,720$1,279$937$678$485$234
28 years$1,640$1,206$871$621$437$204
29 years$1,567$1,137$811$569$395$178
30 years$1,498$1,074$755$523$357$155
31 years$1,434$1,015$704$480$323$136
32 years$1,374$961$657$441$292$119
33 years$1,318$910$613$406$264$104
34 years$1,265$862$573$373$239$91
35 years$1,216$818$536$344$217$79
36 years$1,169$776$501$316$196$69
37 years$1,125$737$469$291$178$61
38 years$1,083$701$439$269$161$53
39 years$1,044$666$412$248$146$46
40 years$1,006$634$386$228$133$41
41 years$971$603$362$211$120$36
42 years$937$575$339$195$109$31
43 years$905$548$318$180$99$27
44 years$874$522$299$166$90$24
45 years$845$498$281$153$82$21
46 years$818$475$264$141$74$18
47 years$791$453$248$131$67$16
48 years$766$433$233$121$61$14
49 years$742$413$219$112$56$12
50 years$719$395$206$103$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $736,000, adding $3,832 every year, while hoping to spend $31,874 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: 29/50/21 Blend
58$736,000$736,000$736,000$736,000
59$815,025$776,017$764,609$833,192
60$864,244$780,128$756,309$851,590
61$917,414$783,372$746,664$868,256
62$974,907$785,673$735,593$885,501
63$1,037,127$786,951$723,015$903,395
64$1,104,521$787,119$708,843$922,016
65$1,177,579$786,085$692,987$941,455
66$1,256,843$783,753$675,352$961,812
67$1,342,904$780,021$655,840$983,201
68$1,436,416$774,778$634,346$1,005,752
69$1,538,098$767,909$610,764$1,029,611
70$1,648,738$759,291$584,979$1,054,939
71$1,769,208$748,794$556,874$1,081,922
72$1,900,462$736,281$526,325$1,110,767
73$2,043,555$721,604$493,202$1,141,704
74$2,199,644$704,609$457,371$1,174,995
75$2,370,005$685,132$418,691$1,210,929
76$2,556,042$663,000$377,013$1,249,833
77$2,759,301$638,029$332,185$1,292,071
78$2,981,481$610,024$284,045$1,338,049
79$3,224,457$578,781$232,425$1,388,223
80$3,490,291$544,080$177,151$1,443,099
81$3,781,253$505,693$118,038$1,503,242
82$4,099,845$463,375$54,896$1,569,284
83$4,448,819$416,871$0$1,641,925
84$4,831,209$365,908$0$1,724,745
85$5,250,354$310,199$0$1,829,125
86$5,709,931$249,440$0$1,943,768
87$6,213,993$183,312$0$2,069,799
88$6,767,002$111,475$0$2,208,466
89$7,373,871$33,572$0$2,361,152
90$8,040,015$0$0$2,529,390
91$8,771,397$0$0$2,742,810
92$9,574,586$0$0$2,997,592
93$10,456,818$0$0$3,277,575
94$11,426,065$0$0$3,585,304
95$12,491,109$0$0$3,923,584
96$13,661,624$0$0$4,295,505
97$14,948,269$0$0$4,704,471
98$16,362,787$0$0$5,154,233
99$17,918,113$0$0$5,648,922
100$19,628,502$0$0$6,193,092