Can I retire at age 59 with 744,000?

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 $744,000?

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$61,439$60,892$60,358$59,836$59,328$57,383
2 years$30,415$29,849$29,300$28,768$28,251$26,310
3 years$20,075$19,507$18,959$18,432$17,924$16,048
4 years$14,907$14,339$13,797$13,279$12,783$10,987
5 years$11,806$11,242$10,707$10,200$9,718$8,005
6 years$9,740$9,180$8,653$8,157$7,689$6,062
7 years$8,264$7,709$7,191$6,706$6,253$4,712
8 years$7,158$6,608$6,098$5,626$5,188$3,730
9 years$6,298$5,754$5,252$4,792$4,369$2,994
10 years$5,611$5,072$4,579$4,130$3,723$2,428
11 years$5,049$4,515$4,031$3,595$3,202$1,984
12 years$4,581$4,052$3,578$3,153$2,774$1,633
13 years$4,185$3,662$3,197$2,784$2,419$1,350
14 years$3,846$3,329$2,872$2,471$2,121$1,121
15 years$3,553$3,041$2,593$2,204$1,867$933
16 years$3,296$2,790$2,351$1,973$1,650$780
17 years$3,070$2,570$2,139$1,773$1,463$653
18 years$2,869$2,374$1,953$1,598$1,301$547
19 years$2,690$2,201$1,788$1,444$1,160$460
20 years$2,529$2,045$1,641$1,308$1,036$387
21 years$2,383$1,905$1,509$1,187$927$326
22 years$2,251$1,778$1,391$1,079$831$274
23 years$2,130$1,663$1,284$983$746$231
24 years$2,020$1,558$1,188$896$670$195
25 years$1,918$1,462$1,100$818$603$165
26 years$1,825$1,374$1,020$748$543$139
27 years$1,738$1,293$947$685$490$118
28 years$1,658$1,219$881$628$442$99
29 years$1,584$1,150$820$576$399$84
30 years$1,514$1,086$763$528$361$71
31 years$1,450$1,026$712$485$326$60
32 years$1,389$971$664$446$295$51
33 years$1,332$920$620$410$267$43
34 years$1,279$872$579$377$242$36
35 years$1,229$827$542$347$219$31
36 years$1,182$785$507$320$198$26
37 years$1,137$745$474$295$180$22
38 years$1,095$708$444$272$163$19
39 years$1,055$674$416$250$148$16
40 years$1,017$641$390$231$134$13
41 years$981$610$366$213$122$11
42 years$947$581$343$197$110$10
43 years$915$553$322$182$100$8
44 years$884$528$302$168$91$7
45 years$855$503$284$155$83$6
46 years$827$480$266$143$75$5
47 years$800$458$250$132$68$4
48 years$774$437$235$122$62$4
49 years$750$418$221$113$56$3
50 years$726$399$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 $744,000, adding $6,834 every year, while hoping to spend $42,945 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: 77/10/13 Blend
58$744,000$744,000$744,000$744,000
59$826,937$787,505$775,973$887,936
60$865,592$780,400$756,275$921,974
61$906,750$771,507$734,478$953,163
62$950,621$760,694$710,466$986,160
63$997,436$747,819$684,118$1,021,128
64$1,047,446$732,734$655,308$1,058,249
65$1,100,928$715,280$623,903$1,097,723
66$1,158,184$695,290$589,765$1,139,771
67$1,219,546$672,587$552,750$1,184,637
68$1,285,379$646,984$512,706$1,232,590
69$1,356,083$618,281$469,477$1,283,928
70$1,432,095$586,269$422,896$1,338,978
71$1,513,899$550,725$372,793$1,398,104
72$1,602,021$511,415$318,986$1,461,704
73$1,697,044$468,091$261,289$1,530,221
74$1,799,605$420,490$199,504$1,604,143
75$1,910,405$368,335$133,428$1,684,008
76$2,030,215$311,332$62,847$1,770,410
77$2,159,881$249,172$0$1,864,006
78$2,300,335$181,527$0$1,967,250
79$2,452,600$108,052$0$2,088,628
80$2,617,801$28,383$0$2,220,330
81$2,797,176$0$0$2,363,365
82$2,992,086$0$0$2,525,213
83$3,204,030$0$0$2,704,624
84$3,434,655$0$0$2,899,874
85$3,685,774$0$0$3,112,500
86$3,959,382$0$0$3,344,193
87$4,257,674$0$0$3,596,817
88$4,583,066$0$0$3,872,422
89$4,938,218$0$0$4,173,264
90$5,326,058$0$0$4,501,825
91$5,749,808$0$0$4,860,841
92$6,213,015$0$0$5,253,321
93$6,719,587$0$0$5,682,580
94$7,273,824$0$0$6,152,265
95$7,880,462$0$0$6,666,396
96$8,544,714$0$0$7,229,395
97$9,272,325$0$0$7,846,136
98$10,069,617$0$0$8,521,984
99$10,943,556$0$0$9,262,847
100$11,901,812$0$0$10,075,235