Can I retire at age 59 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$60,861$60,319$59,790$59,274$58,769$56,729
2 years$30,129$29,568$29,024$28,497$27,985$25,951
3 years$19,887$19,323$18,781$18,258$17,755$15,791
4 years$14,766$14,204$13,667$13,154$12,663$10,783
5 years$11,695$11,136$10,606$10,104$9,626$7,836
6 years$9,648$9,094$8,572$8,080$7,617$5,918
7 years$8,187$7,637$7,123$6,643$6,195$4,586
8 years$7,091$6,546$6,041$5,573$5,139$3,620
9 years$6,239$5,700$5,203$4,747$4,328$2,897
10 years$5,558$5,024$4,536$4,092$3,688$2,342
11 years$5,001$4,473$3,994$3,561$3,171$1,908
12 years$4,538$4,014$3,544$3,123$2,748$1,564
13 years$4,146$3,628$3,166$2,758$2,397$1,289
14 years$3,810$3,298$2,845$2,448$2,101$1,066
15 years$3,519$3,012$2,569$2,183$1,850$885
16 years$3,265$2,764$2,329$1,955$1,635$737
17 years$3,041$2,545$2,119$1,756$1,449$614
18 years$2,842$2,352$1,935$1,583$1,289$513
19 years$2,665$2,180$1,771$1,430$1,149$430
20 years$2,505$2,026$1,625$1,295$1,026$360
21 years$2,360$1,887$1,495$1,176$918$302
22 years$2,229$1,761$1,378$1,069$823$253
23 years$2,110$1,647$1,272$973$739$213
24 years$2,001$1,543$1,177$888$664$179
25 years$1,900$1,448$1,090$811$598$150
26 years$1,808$1,361$1,011$741$538$127
27 years$1,722$1,281$939$679$485$107
28 years$1,643$1,207$872$622$438$90
29 years$1,569$1,139$812$570$395$76
30 years$1,500$1,075$756$523$357$64
31 years$1,436$1,017$705$481$323$54
32 years$1,376$962$658$442$292$45
33 years$1,320$911$614$406$264$38
34 years$1,267$863$574$374$239$32
35 years$1,217$819$537$344$217$27
36 years$1,171$777$502$317$196$23
37 years$1,126$738$470$292$178$19
38 years$1,085$702$440$269$161$16
39 years$1,045$667$412$248$146$14
40 years$1,008$635$386$229$133$11
41 years$972$604$362$211$120$10
42 years$938$575$340$195$109$8
43 years$906$548$319$180$99$7
44 years$876$523$299$166$90$6
45 years$847$498$281$153$82$5
46 years$819$475$264$142$74$4
47 years$792$454$248$131$67$3
48 years$767$433$233$121$61$3
49 years$743$414$219$112$56$2
50 years$720$395$206$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $737,000, adding $5,300 every year, while hoping to spend $42,260 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: 28/45/27 Blend
58$737,000$737,000$737,000$737,000
59$817,641$778,580$767,156$833,565
60$856,076$771,766$747,892$839,841
61$897,015$763,202$726,566$842,564
62$940,669$752,757$703,064$844,632
63$987,268$740,294$677,268$846,019
64$1,037,067$725,665$649,053$846,699
65$1,090,341$708,716$618,290$846,648
66$1,147,395$689,282$584,842$845,844
67$1,208,563$667,190$548,567$844,269
68$1,274,210$642,256$509,318$841,908
69$1,344,737$614,285$466,938$838,748
70$1,420,586$583,071$421,267$834,785
71$1,502,241$548,396$372,134$830,017
72$1,590,232$510,030$319,363$824,450
73$1,685,143$467,728$262,768$818,097
74$1,787,615$421,235$202,159$810,982
75$1,898,352$370,276$137,332$803,138
76$2,018,130$314,566$68,079$794,608
77$2,147,799$253,799$0$785,450
78$2,288,294$187,654$0$777,418
79$2,440,644$115,794$0$789,963
80$2,605,981$37,859$0$803,630
81$2,785,548$0$0$818,624
82$2,980,715$0$0$858,219
83$3,192,987$0$0$921,780
84$3,424,019$0$0$991,069
85$3,675,636$0$0$1,066,646
86$3,949,842$0$0$1,149,129
87$4,248,844$0$0$1,239,196
88$4,575,073$0$0$1,337,594
89$4,931,201$0$0$1,445,147
90$5,320,173$0$0$1,562,761
91$5,745,229$0$0$1,691,433
92$6,209,936$0$0$1,832,262
93$6,718,222$0$0$1,986,457
94$7,274,412$0$0$2,155,349
95$7,883,267$0$0$2,340,406
96$8,550,032$0$0$2,543,244
97$9,280,481$0$0$2,765,640
98$10,080,974$0$0$3,009,555
99$10,958,514$0$0$3,277,146
100$11,920,816$0$0$3,570,791