Can I retire at age 59 with 738,000?

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 $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%13.6%
1 years$60,943$60,400$59,871$59,354$58,849$57,970
2 years$30,170$29,608$29,064$28,536$28,023$27,139
3 years$19,914$19,349$18,806$18,283$17,779$16,918
4 years$14,786$14,224$13,686$13,172$12,680$11,849
5 years$11,711$11,152$10,621$10,117$9,639$8,840
6 years$9,661$9,106$8,583$8,091$7,627$6,861
7 years$8,198$7,647$7,133$6,652$6,203$5,469
8 years$7,100$6,555$6,049$5,580$5,146$4,445
9 years$6,248$5,707$5,210$4,753$4,334$3,666
10 years$5,566$5,031$4,542$4,097$3,693$3,057
11 years$5,008$4,479$3,999$3,566$3,176$2,571
12 years$4,544$4,020$3,549$3,128$2,752$2,179
13 years$4,151$3,633$3,171$2,761$2,400$1,856
14 years$3,815$3,302$2,849$2,451$2,104$1,589
15 years$3,524$3,016$2,572$2,186$1,852$1,366
16 years$3,270$2,768$2,332$1,957$1,637$1,178
17 years$3,045$2,549$2,122$1,759$1,451$1,019
18 years$2,846$2,355$1,937$1,585$1,291$883
19 years$2,668$2,183$1,773$1,432$1,150$767
20 years$2,508$2,028$1,628$1,297$1,027$668
21 years$2,364$1,889$1,497$1,177$919$582
22 years$2,232$1,764$1,380$1,070$824$508
23 years$2,113$1,649$1,274$975$740$443
24 years$2,003$1,545$1,178$889$665$388
25 years$1,903$1,450$1,091$812$598$339
26 years$1,810$1,363$1,012$742$539$297
27 years$1,724$1,283$940$679$486$260
28 years$1,645$1,209$874$623$438$228
29 years$1,571$1,140$813$571$396$200
30 years$1,502$1,077$757$524$358$176
31 years$1,438$1,018$706$481$323$154
32 years$1,378$963$659$442$293$136
33 years$1,322$912$615$407$265$119
34 years$1,269$865$575$374$240$105
35 years$1,219$820$537$344$217$92
36 years$1,172$778$503$317$197$81
37 years$1,128$739$470$292$178$71
38 years$1,086$703$441$269$162$62
39 years$1,046$668$413$248$147$55
40 years$1,009$636$387$229$133$48
41 years$973$605$363$211$121$43
42 years$940$576$340$195$109$37
43 years$907$549$319$180$99$33
44 years$877$523$300$166$90$29
45 years$848$499$281$154$82$25
46 years$820$476$264$142$74$22
47 years$793$454$248$131$67$20
48 years$768$434$233$121$61$17
49 years$744$414$219$112$56$15
50 years$721$396$206$103$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $738,000, adding $3,360 every year, while hoping to spend $35,902 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: 73/6/21 Blend
58$738,000$738,000$738,000$738,000
59$816,742$777,628$766,189$871,977
60$861,850$777,532$753,657$909,057
61$910,356$776,228$739,501$945,026
62$962,568$773,620$723,631$983,524
63$1,018,826$769,603$705,948$1,024,799
64$1,079,502$764,069$686,353$1,069,120
65$1,145,004$756,901$664,739$1,116,787
66$1,215,782$747,977$640,995$1,168,129
67$1,292,330$737,166$615,007$1,223,511
68$1,375,191$724,331$586,653$1,283,334
69$1,464,962$709,324$555,807$1,348,042
70$1,562,299$691,992$522,337$1,418,125
71$1,667,923$672,169$486,106$1,494,122
72$1,782,629$649,683$446,967$1,576,632
73$1,907,288$624,349$404,772$1,666,310
74$2,042,862$595,973$359,363$1,763,885
75$2,190,407$564,348$310,574$1,870,157
76$2,351,086$529,258$258,236$1,986,010
77$2,526,177$490,473$202,167$2,112,421
78$2,717,090$447,748$142,182$2,250,466
79$2,925,372$400,827$78,084$2,401,334
80$3,152,730$349,437$9,670$2,566,335
81$3,401,041$293,292$0$2,746,915
82$3,672,372$232,088$0$2,958,862
83$3,968,997$165,505$0$3,192,980
84$4,293,424$93,203$0$3,449,091
85$4,648,408$14,825$0$3,729,393
86$5,036,989$0$0$4,036,305
87$5,462,509$0$0$4,377,113
88$5,928,653$0$0$4,751,563
89$6,439,475$0$0$5,161,939
90$6,999,444$0$0$5,611,833
91$7,613,479$0$0$6,105,203
92$8,286,998$0$0$6,646,407
93$9,025,969$0$0$7,240,245
94$9,836,968$0$0$7,892,006
95$10,727,234$0$0$8,607,514
96$11,704,744$0$0$9,393,186
97$12,778,286$0$0$10,256,088
98$13,957,538$0$0$11,204,008
99$15,253,163$0$0$12,245,522
100$16,676,909$0$0$13,390,080