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%15.3%
1 years$61,439$60,892$60,358$59,836$59,328$58,035
2 years$30,415$29,849$29,300$28,768$28,251$26,955
3 years$20,075$19,507$18,959$18,432$17,924$16,665
4 years$14,907$14,339$13,797$13,279$12,783$11,572
5 years$11,806$11,242$10,707$10,200$9,718$8,557
6 years$9,740$9,180$8,653$8,157$7,689$6,580
7 years$8,264$7,709$7,191$6,706$6,253$5,196
8 years$7,158$6,608$6,098$5,626$5,188$4,182
9 years$6,298$5,754$5,252$4,792$4,369$3,413
10 years$5,611$5,072$4,579$4,130$3,723$2,817
11 years$5,049$4,515$4,031$3,595$3,202$2,344
12 years$4,581$4,052$3,578$3,153$2,774$1,964
13 years$4,185$3,662$3,197$2,784$2,419$1,655
14 years$3,846$3,329$2,872$2,471$2,121$1,401
15 years$3,553$3,041$2,593$2,204$1,867$1,190
16 years$3,296$2,790$2,351$1,973$1,650$1,014
17 years$3,070$2,570$2,139$1,773$1,463$866
18 years$2,869$2,374$1,953$1,598$1,301$742
19 years$2,690$2,201$1,788$1,444$1,160$636
20 years$2,529$2,045$1,641$1,308$1,036$547
21 years$2,383$1,905$1,509$1,187$927$470
22 years$2,251$1,778$1,391$1,079$831$405
23 years$2,130$1,663$1,284$983$746$349
24 years$2,020$1,558$1,188$896$670$301
25 years$1,918$1,462$1,100$818$603$260
26 years$1,825$1,374$1,020$748$543$225
27 years$1,738$1,293$947$685$490$194
28 years$1,658$1,219$881$628$442$168
29 years$1,584$1,150$820$576$399$145
30 years$1,514$1,086$763$528$361$126
31 years$1,450$1,026$712$485$326$109
32 years$1,389$971$664$446$295$94
33 years$1,332$920$620$410$267$82
34 years$1,279$872$579$377$242$71
35 years$1,229$827$542$347$219$61
36 years$1,182$785$507$320$198$53
37 years$1,137$745$474$295$180$46
38 years$1,095$708$444$272$163$40
39 years$1,055$674$416$250$148$35
40 years$1,017$641$390$231$134$30
41 years$981$610$366$213$122$26
42 years$947$581$343$197$110$23
43 years$915$553$322$182$100$20
44 years$884$528$302$168$91$17
45 years$855$503$284$155$83$15
46 years$827$480$266$143$75$13
47 years$800$458$250$132$68$11
48 years$774$437$235$122$62$10
49 years$750$418$221$113$56$8
50 years$726$399$208$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $744,000, adding $2,668 every year, while hoping to spend $22,832 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: 33/37/30 Blend
58$744,000$744,000$744,000$744,000
59$822,640$783,208$771,676$842,236
60$882,256$797,292$773,234$871,538
61$947,188$811,301$774,079$900,898
62$1,017,954$825,207$774,163$932,104
63$1,095,123$838,981$773,436$965,339
64$1,179,324$852,589$771,844$1,000,799
65$1,271,247$865,998$769,333$1,038,707
66$1,371,653$879,170$765,844$1,079,307
67$1,481,378$892,066$761,317$1,122,868
68$1,601,344$904,643$755,687$1,169,690
69$1,732,567$916,856$748,887$1,220,103
70$1,876,162$928,656$740,848$1,274,473
71$2,033,361$939,990$731,497$1,333,204
72$2,205,517$950,803$720,756$1,396,743
73$2,394,123$961,036$708,545$1,465,586
74$2,600,822$970,625$694,779$1,540,279
75$2,827,423$979,502$679,371$1,621,426
76$3,075,918$987,596$662,229$1,709,696
77$3,348,504$994,830$643,255$1,805,827
78$3,647,596$1,001,122$622,349$1,910,635
79$3,975,858$1,006,384$599,405$2,025,022
80$4,336,224$1,010,525$574,313$2,149,986
81$4,731,924$1,013,447$546,958$2,286,626
82$5,166,518$1,015,043$517,219$2,436,161
83$5,643,927$1,015,204$484,969$2,599,932
84$6,168,469$1,013,811$450,078$2,779,425
85$6,744,904$1,010,739$412,407$2,976,278
86$7,378,474$1,005,854$371,812$3,192,303
87$8,074,954$999,017$328,143$3,429,498
88$8,840,707$990,076$281,244$3,690,069
89$9,682,743$978,874$230,949$3,976,455
90$10,608,786$965,242$177,089$4,291,346
91$11,627,345$949,001$119,484$4,637,711
92$12,747,795$929,964$57,948$5,018,830
93$13,980,467$907,929$0$5,438,320
94$15,336,742$882,685$0$5,902,648
95$16,829,161$854,007$0$6,433,705
96$18,471,540$821,658$0$7,017,855
97$20,279,105$785,387$0$7,660,536
98$22,268,631$744,929$0$8,367,745
99$24,458,601$700,000$0$9,146,094
100$26,869,384$650,306$0$10,002,875