Can I retire at age 59 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$61,356$60,810$60,277$59,756$59,248$57,305
2 years$30,374$29,809$29,260$28,729$28,213$26,275
3 years$20,048$19,480$18,933$18,407$17,900$16,026
4 years$14,886$14,320$13,779$13,261$12,766$10,972
5 years$11,790$11,227$10,693$10,186$9,705$7,994
6 years$9,727$9,168$8,641$8,146$7,679$6,054
7 years$8,253$7,699$7,181$6,697$6,245$4,705
8 years$7,149$6,600$6,090$5,618$5,181$3,725
9 years$6,290$5,746$5,245$4,785$4,363$2,990
10 years$5,603$5,065$4,573$4,125$3,718$2,424
11 years$5,042$4,509$4,026$3,590$3,197$1,982
12 years$4,575$4,047$3,573$3,149$2,771$1,630
13 years$4,179$3,657$3,192$2,780$2,416$1,348
14 years$3,841$3,324$2,868$2,468$2,118$1,119
15 years$3,548$3,037$2,590$2,201$1,865$932
16 years$3,292$2,786$2,348$1,971$1,648$779
17 years$3,066$2,566$2,136$1,771$1,461$652
18 years$2,865$2,371$1,950$1,596$1,299$547
19 years$2,686$2,198$1,785$1,442$1,158$459
20 years$2,525$2,042$1,639$1,306$1,034$386
21 years$2,380$1,902$1,507$1,185$926$325
22 years$2,248$1,776$1,389$1,078$830$274
23 years$2,127$1,661$1,283$981$745$231
24 years$2,017$1,556$1,186$895$669$195
25 years$1,916$1,460$1,099$817$602$165
26 years$1,822$1,372$1,019$747$543$139
27 years$1,736$1,292$946$684$489$117
28 years$1,656$1,217$880$627$441$99
29 years$1,582$1,148$819$575$399$84
30 years$1,512$1,084$762$527$360$71
31 years$1,448$1,025$711$484$326$60
32 years$1,387$970$663$445$295$51
33 years$1,331$918$619$409$267$43
34 years$1,277$870$579$377$241$36
35 years$1,227$826$541$347$219$31
36 years$1,180$784$506$319$198$26
37 years$1,136$744$474$294$180$22
38 years$1,093$707$444$271$163$19
39 years$1,054$673$416$250$148$16
40 years$1,016$640$389$231$134$13
41 years$980$609$365$213$121$11
42 years$946$580$343$196$110$10
43 years$914$553$321$181$100$8
44 years$883$527$302$167$91$7
45 years$853$502$283$155$82$6
46 years$825$479$266$143$75$5
47 years$799$457$250$132$68$4
48 years$773$437$235$122$62$4
49 years$749$417$221$113$56$3
50 years$725$398$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $743,000, adding $2,438 every year, while hoping to spend $45,998 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: 49/38/13 Blend
58$743,000$743,000$743,000$743,000
59$821,301$781,922$770,405$858,500
60$856,132$771,294$747,272$873,718
61$892,974$758,605$721,823$885,247
62$931,984$743,703$693,930$896,740
63$973,333$726,431$663,463$908,208
64$1,017,207$706,620$630,284$919,668
65$1,063,811$684,094$594,247$931,140
66$1,113,369$658,663$555,203$942,648
67$1,166,124$630,129$512,995$954,226
68$1,222,345$598,282$467,456$965,910
69$1,282,325$562,898$418,417$977,749
70$1,346,385$523,743$365,696$989,797
71$1,414,876$480,566$309,107$1,002,121
72$1,488,186$433,106$248,454$1,014,797
73$1,566,736$381,083$183,532$1,027,915
74$1,650,991$324,204$114,129$1,041,582
75$1,741,460$262,158$40,020$1,055,917
76$1,838,702$194,617$0$1,071,062
77$1,943,330$121,234$0$1,092,595
78$2,056,019$41,644$0$1,121,558
79$2,177,508$0$0$1,152,639
80$2,308,609$0$0$1,204,739
81$2,450,216$0$0$1,279,885
82$2,603,310$0$0$1,361,193
83$2,768,970$0$0$1,449,242
84$2,948,381$0$0$1,544,673
85$3,142,846$0$0$1,648,188
86$3,353,800$0$0$1,760,559
87$3,582,817$0$0$1,882,635
88$3,831,633$0$0$2,015,352
89$4,102,154$0$0$2,159,738
90$4,396,479$0$0$2,316,925
91$4,716,916$0$0$2,488,156
92$5,066,005$0$0$2,674,802
93$5,446,542$0$0$2,878,371
94$5,861,604$0$0$3,100,523
95$6,314,577$0$0$3,343,084
96$6,809,189$0$0$3,608,064
97$7,349,542$0$0$3,897,678
98$7,940,154$0$0$4,214,363
99$8,586,000$0$0$4,560,802
100$9,292,554$0$0$4,939,949