Can I retire at age 59 with 744,000?

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 $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%12%
1 years$61,439$60,892$60,358$59,836$59,328$58,831
2 years$30,415$29,849$29,300$28,768$28,251$27,750
3 years$20,075$19,507$18,959$18,432$17,924$17,434
4 years$14,907$14,339$13,797$13,279$12,783$12,309
5 years$11,806$11,242$10,707$10,200$9,718$9,260
6 years$9,740$9,180$8,653$8,157$7,689$7,249
7 years$8,264$7,709$7,191$6,706$6,253$5,831
8 years$7,158$6,608$6,098$5,626$5,188$4,783
9 years$6,298$5,754$5,252$4,792$4,369$3,982
10 years$5,611$5,072$4,579$4,130$3,723$3,352
11 years$5,049$4,515$4,031$3,595$3,202$2,848
12 years$4,581$4,052$3,578$3,153$2,774$2,438
13 years$4,185$3,662$3,197$2,784$2,419$2,099
14 years$3,846$3,329$2,872$2,471$2,121$1,816
15 years$3,553$3,041$2,593$2,204$1,867$1,578
16 years$3,296$2,790$2,351$1,973$1,650$1,376
17 years$3,070$2,570$2,139$1,773$1,463$1,203
18 years$2,869$2,374$1,953$1,598$1,301$1,055
19 years$2,690$2,201$1,788$1,444$1,160$927
20 years$2,529$2,045$1,641$1,308$1,036$816
21 years$2,383$1,905$1,509$1,187$927$720
22 years$2,251$1,778$1,391$1,079$831$636
23 years$2,130$1,663$1,284$983$746$562
24 years$2,020$1,558$1,188$896$670$498
25 years$1,918$1,462$1,100$818$603$441
26 years$1,825$1,374$1,020$748$543$391
27 years$1,738$1,293$947$685$490$347
28 years$1,658$1,219$881$628$442$308
29 years$1,584$1,150$820$576$399$274
30 years$1,514$1,086$763$528$361$244
31 years$1,450$1,026$712$485$326$217
32 years$1,389$971$664$446$295$193
33 years$1,332$920$620$410$267$172
34 years$1,279$872$579$377$242$153
35 years$1,229$827$542$347$219$136
36 years$1,182$785$507$320$198$121
37 years$1,137$745$474$295$180$108
38 years$1,095$708$444$272$163$96
39 years$1,055$674$416$250$148$86
40 years$1,017$641$390$231$134$77
41 years$981$610$366$213$122$68
42 years$947$581$343$197$110$61
43 years$915$553$322$182$100$54
44 years$884$528$302$168$91$49
45 years$855$503$284$155$83$43
46 years$827$480$266$143$75$39
47 years$800$458$250$132$68$34
48 years$774$437$235$122$62$31
49 years$750$418$221$113$56$27
50 years$726$399$208$104$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $744,000, adding $5,233 every year, while hoping to spend $35,280 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: 46/34/20 Blend
58$744,000$744,000$744,000$744,000
59$825,286$785,854$774,322$858,309
60$871,927$786,823$762,724$882,919
61$922,144$786,657$749,555$905,677
62$976,263$785,264$734,725$929,634
63$1,034,644$782,544$718,141$954,919
64$1,097,682$778,393$699,703$981,674
65$1,165,811$772,700$679,309$1,010,058
66$1,239,509$765,347$656,851$1,040,249
67$1,319,299$756,210$632,216$1,072,446
68$1,405,760$745,156$605,287$1,106,869
69$1,499,523$732,045$575,940$1,143,764
70$1,601,288$716,728$544,047$1,183,405
71$1,711,820$699,048$509,473$1,226,097
72$1,831,963$678,839$472,078$1,272,179
73$1,962,645$655,924$431,715$1,322,029
74$2,104,887$630,117$388,229$1,376,066
75$2,259,812$601,219$341,462$1,434,756
76$2,428,657$569,023$291,245$1,498,616
77$2,612,782$533,307$237,404$1,568,222
78$2,813,685$493,838$179,755$1,644,211
79$3,033,013$450,368$118,109$1,727,292
80$3,272,580$402,637$52,267$1,818,250
81$3,534,386$350,368$0$1,917,956
82$3,820,627$293,270$0$2,031,218
83$4,133,725$231,034$0$2,167,418
84$4,476,347$163,337$0$2,316,626
85$4,851,427$89,833$0$2,480,206
86$5,262,197$10,159$0$2,659,667
87$5,712,218$0$0$2,856,677
88$6,205,409$0$0$3,101,537
89$6,746,088$0$0$3,374,229
90$7,339,009$0$0$3,673,359
91$7,989,410$0$0$4,001,582
92$8,703,060$0$0$4,361,821
93$9,486,311$0$0$4,757,294
94$10,346,164$0$0$5,191,548
95$11,290,328$0$0$5,668,490
96$12,327,295$0$0$6,192,423
97$13,466,422$0$0$6,768,088
98$14,718,014$0$0$7,400,709
99$16,093,426$0$0$8,096,038
100$17,605,167$0$0$8,860,415