Can I retire at age 59 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$61,026$60,482$59,952$59,434$58,929$57,528
2 years$30,211$29,648$29,103$28,574$28,061$26,658
3 years$19,941$19,375$18,832$18,308$17,803$16,441
4 years$14,806$14,243$13,705$13,190$12,697$11,388
5 years$11,727$11,167$10,635$10,131$9,652$8,398
6 years$9,674$9,118$8,595$8,102$7,638$6,440
7 years$8,209$7,658$7,142$6,661$6,211$5,071
8 years$7,110$6,564$6,057$5,588$5,153$4,070
9 years$6,256$5,715$5,217$4,759$4,340$3,312
10 years$5,573$5,038$4,548$4,103$3,698$2,725
11 years$5,015$4,485$4,004$3,571$3,180$2,260
12 years$4,550$4,025$3,554$3,132$2,756$1,888
13 years$4,157$3,638$3,175$2,765$2,403$1,585
14 years$3,820$3,307$2,853$2,454$2,106$1,337
15 years$3,529$3,021$2,576$2,189$1,855$1,132
16 years$3,274$2,771$2,335$1,960$1,639$961
17 years$3,049$2,552$2,125$1,761$1,453$818
18 years$2,850$2,358$1,940$1,587$1,292$698
19 years$2,672$2,186$1,776$1,434$1,152$597
20 years$2,512$2,031$1,630$1,299$1,029$511
21 years$2,367$1,892$1,499$1,179$921$438
22 years$2,235$1,766$1,382$1,072$825$375
23 years$2,116$1,652$1,276$976$741$322
24 years$2,006$1,548$1,180$890$666$277
25 years$1,905$1,452$1,093$813$599$238
26 years$1,812$1,365$1,013$743$540$205
27 years$1,727$1,285$941$680$487$177
28 years$1,647$1,210$875$623$439$152
29 years$1,573$1,142$814$572$396$131
30 years$1,504$1,078$758$525$358$113
31 years$1,440$1,019$707$482$324$97
32 years$1,380$965$660$443$293$84
33 years$1,323$913$616$407$265$72
34 years$1,270$866$575$375$240$62
35 years$1,221$821$538$345$217$54
36 years$1,174$779$503$318$197$46
37 years$1,129$740$471$293$179$40
38 years$1,088$704$441$270$162$35
39 years$1,048$669$413$249$147$30
40 years$1,010$636$387$229$133$26
41 years$975$606$363$212$121$22
42 years$941$577$341$195$110$19
43 years$909$550$320$180$99$17
44 years$878$524$300$167$90$14
45 years$849$500$282$154$82$12
46 years$821$477$265$142$74$11
47 years$794$455$249$131$68$9
48 years$769$434$234$121$61$8
49 years$745$415$220$112$56$7
50 years$722$396$206$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $739,000, adding $6,119 every year, while hoping to spend $59,466 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: 49/41/10 Blend
58$739,000$739,000$739,000$739,000
59$820,690$781,523$770,068$858,404
60$841,129$756,546$732,594$859,935
61$861,659$728,352$691,872$854,833
62$882,228$696,721$647,729$847,924
63$902,775$661,420$599,987$839,058
64$923,230$622,201$548,459$828,070
65$943,515$578,805$492,947$814,788
66$963,541$530,954$433,249$799,023
67$983,210$478,358$369,151$780,574
68$1,002,409$420,709$300,428$759,226
69$1,021,011$357,681$226,850$734,747
70$1,038,876$288,929$148,171$706,886
71$1,055,846$214,091$64,139$675,377
72$1,071,744$132,783$0$639,932
73$1,086,371$44,598$0$602,966
74$1,099,507$0$0$568,901
75$1,110,907$0$0$553,520
76$1,120,295$0$0$557,130
77$1,127,368$0$0$559,443
78$1,131,786$0$0$560,275
79$1,133,170$0$0$559,421
80$1,131,104$0$0$556,652
81$1,125,121$0$0$551,716
82$1,114,704$0$0$544,333
83$1,099,282$0$0$534,192
84$1,078,220$0$0$520,948
85$1,050,814$0$0$504,219
86$1,016,285$0$0$483,583
87$973,769$0$0$458,572
88$922,313$0$0$428,669
89$860,859$0$0$393,300
90$788,237$0$0$351,831
91$703,154$0$0$303,564
92$604,180$0$0$247,722
93$489,734$0$0$183,450
94$358,068$0$0$109,801
95$207,251$0$0$25,731
96$35,149$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0