Can I retire at age 59 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$60,943$60,400$59,871$59,354$58,849$56,739
2 years$30,170$29,608$29,064$28,536$28,023$25,920
3 years$19,914$19,349$18,806$18,283$17,779$15,749
4 years$14,786$14,224$13,686$13,172$12,680$10,739
5 years$11,711$11,152$10,621$10,117$9,639$7,791
6 years$9,661$9,106$8,583$8,091$7,627$5,874
7 years$8,198$7,647$7,133$6,652$6,203$4,545
8 years$7,100$6,555$6,049$5,580$5,146$3,581
9 years$6,248$5,707$5,210$4,753$4,334$2,860
10 years$5,566$5,031$4,542$4,097$3,693$2,308
11 years$5,008$4,479$3,999$3,566$3,176$1,877
12 years$4,544$4,020$3,549$3,128$2,752$1,536
13 years$4,151$3,633$3,171$2,761$2,400$1,263
14 years$3,815$3,302$2,849$2,451$2,104$1,043
15 years$3,524$3,016$2,572$2,186$1,852$863
16 years$3,270$2,768$2,332$1,957$1,637$717
17 years$3,045$2,549$2,122$1,759$1,451$597
18 years$2,846$2,355$1,937$1,585$1,291$497
19 years$2,668$2,183$1,773$1,432$1,150$415
20 years$2,508$2,028$1,628$1,297$1,027$347
21 years$2,364$1,889$1,497$1,177$919$290
22 years$2,232$1,764$1,380$1,070$824$243
23 years$2,113$1,649$1,274$975$740$204
24 years$2,003$1,545$1,178$889$665$171
25 years$1,903$1,450$1,091$812$598$143
26 years$1,810$1,363$1,012$742$539$120
27 years$1,724$1,283$940$679$486$101
28 years$1,645$1,209$874$623$438$85
29 years$1,571$1,140$813$571$396$71
30 years$1,502$1,077$757$524$358$60
31 years$1,438$1,018$706$481$323$50
32 years$1,378$963$659$442$293$42
33 years$1,322$912$615$407$265$36
34 years$1,269$865$575$374$240$30
35 years$1,219$820$537$344$217$25
36 years$1,172$778$503$317$197$21
37 years$1,128$739$470$292$178$18
38 years$1,086$703$441$269$162$15
39 years$1,046$668$413$248$147$13
40 years$1,009$636$387$229$133$11
41 years$973$605$363$211$121$9
42 years$940$576$340$195$109$7
43 years$907$549$319$180$99$6
44 years$877$523$300$166$90$5
45 years$848$499$281$154$82$4
46 years$820$476$264$142$74$4
47 years$793$454$248$131$67$3
48 years$768$434$233$121$61$3
49 years$744$414$219$112$56$2
50 years$721$396$206$103$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $738,000, adding $2,304 every year, while hoping to spend $29,390 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: 42/34/24 Blend
58$738,000$738,000$738,000$738,000
59$815,653$776,539$765,100$844,092
60$867,578$783,318$759,460$871,417
61$923,816$789,445$752,646$898,007
62$984,773$794,856$744,588$926,220
63$1,050,900$799,484$735,211$956,222
64$1,122,691$803,258$724,440$988,197
65$1,200,689$806,101$712,193$1,022,350
66$1,285,493$807,934$698,385$1,058,907
67$1,377,761$808,670$682,928$1,098,121
68$1,478,216$808,218$665,729$1,140,271
69$1,587,654$806,482$646,692$1,185,667
70$1,706,954$803,358$625,715$1,234,655
71$1,837,079$798,738$602,692$1,287,614
72$1,979,091$792,506$577,512$1,344,968
73$2,134,159$784,540$550,060$1,407,186
74$2,303,570$774,709$520,213$1,474,786
75$2,488,740$762,876$487,846$1,548,344
76$2,691,229$748,894$452,827$1,628,497
77$2,912,754$732,610$415,016$1,715,950
78$3,155,205$713,858$374,270$1,811,485
79$3,420,666$692,467$330,437$1,915,965
80$3,711,427$668,251$283,361$2,030,347
81$4,030,015$641,017$232,875$2,155,691
82$4,379,209$610,560$178,809$2,293,166
83$4,762,072$576,661$120,983$2,444,068
84$5,181,977$539,091$59,210$2,609,831
85$5,642,639$497,607$0$2,792,038
86$6,148,149$451,951$0$2,994,160
87$6,703,016$401,852$0$3,232,708
88$7,312,203$347,022$0$3,494,698
89$7,981,179$287,158$0$3,782,552
90$8,715,970$221,939$0$4,098,945
91$9,523,212$151,027$0$4,446,826
92$10,410,217$74,064$0$4,829,453
93$11,385,038$0$0$5,250,417
94$12,456,550$0$0$5,717,173
95$13,634,529$0$0$6,260,870
96$14,929,745$0$0$6,858,781
97$16,354,064$0$0$7,516,397
98$17,920,561$0$0$8,239,768
99$19,643,640$0$0$9,035,558
100$21,539,171$0$0$9,911,112