Can I retire at age 59 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$61,521$60,973$60,439$59,917$59,407$58,787
2 years$30,456$29,889$29,339$28,806$28,289$27,664
3 years$20,102$19,533$18,984$18,456$17,948$17,338
4 years$14,927$14,359$13,816$13,297$12,801$12,211
5 years$11,822$11,257$10,722$10,213$9,731$9,162
6 years$9,753$9,192$8,665$8,168$7,700$7,153
7 years$8,275$7,720$7,200$6,715$6,262$5,738
8 years$7,168$6,617$6,106$5,633$5,195$4,693
9 years$6,307$5,762$5,260$4,798$4,375$3,895
10 years$5,619$5,079$4,585$4,136$3,728$3,270
11 years$5,056$4,521$4,037$3,600$3,206$2,770
12 years$4,587$4,058$3,583$3,157$2,778$2,363
13 years$4,191$3,667$3,201$2,787$2,423$2,028
14 years$3,851$3,333$2,876$2,474$2,124$1,749
15 years$3,558$3,045$2,597$2,207$1,870$1,515
16 years$3,301$2,794$2,354$1,976$1,653$1,316
17 years$3,074$2,573$2,142$1,775$1,465$1,147
18 years$2,873$2,378$1,956$1,600$1,303$1,002
19 years$2,694$2,203$1,790$1,446$1,161$878
20 years$2,532$2,048$1,643$1,309$1,037$770
21 years$2,386$1,907$1,511$1,188$928$676
22 years$2,254$1,780$1,393$1,080$832$595
23 years$2,133$1,665$1,286$984$747$524
24 years$2,022$1,560$1,189$897$671$462
25 years$1,921$1,464$1,102$820$604$408
26 years$1,827$1,376$1,022$749$544$361
27 years$1,741$1,295$949$686$491$319
28 years$1,660$1,220$882$628$443$282
29 years$1,586$1,151$821$576$400$250
30 years$1,516$1,087$764$529$361$221
31 years$1,452$1,028$713$486$327$196
32 years$1,391$972$665$446$295$174
33 years$1,334$921$621$411$267$154
34 years$1,281$873$580$378$242$136
35 years$1,231$828$542$348$219$121
36 years$1,183$786$507$320$199$107
37 years$1,139$746$475$295$180$95
38 years$1,096$709$445$272$163$85
39 years$1,056$674$417$251$148$75
40 years$1,019$642$391$231$134$67
41 years$983$611$366$213$122$59
42 years$948$582$343$197$110$53
43 years$916$554$322$182$100$47
44 years$885$528$303$168$91$41
45 years$856$504$284$155$83$37
46 years$828$481$267$143$75$33
47 years$801$459$251$132$68$29
48 years$775$438$236$122$62$26
49 years$751$418$221$113$56$23
50 years$727$399$208$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $745,000, adding $2,006 every year, while hoping to spend $26,384 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: 47/23/30 Blend
58$745,000$745,000$745,000$745,000
59$823,059$783,574$772,027$854,572
60$878,939$793,897$769,817$887,407
61$939,634$803,841$766,649$920,322
62$1,005,608$813,361$762,463$955,555
63$1,077,370$822,406$757,196$993,338
64$1,155,482$830,923$750,782$1,033,928
65$1,240,560$838,857$743,152$1,077,611
66$1,333,283$846,148$734,234$1,124,702
67$1,434,399$852,730$723,952$1,175,548
68$1,544,730$858,536$712,227$1,230,534
69$1,665,181$863,493$698,975$1,290,087
70$1,796,750$867,524$684,111$1,354,676
71$1,940,533$870,547$667,543$1,424,823
72$2,097,737$872,475$649,176$1,501,102
73$2,269,694$873,213$628,911$1,584,149
74$2,457,867$872,665$606,643$1,674,667
75$2,663,868$870,724$582,265$1,773,431
76$2,889,474$867,281$555,662$1,881,299
77$3,136,638$862,216$526,715$1,999,219
78$3,407,516$855,405$495,300$2,128,238
79$3,704,477$846,715$461,287$2,269,511
80$4,030,135$836,004$424,541$2,424,315
81$4,387,365$823,125$384,920$2,594,061
82$4,779,337$807,919$342,275$2,780,305
83$5,209,540$790,218$296,452$2,984,768
84$5,681,820$769,845$247,290$3,209,347
85$6,200,410$746,612$194,619$3,456,139
86$6,769,977$720,321$138,264$3,727,457
87$7,395,659$690,761$78,040$4,025,855
88$8,083,117$657,709$13,755$4,354,153
89$8,838,589$620,931$0$4,715,463
90$9,668,945$580,177$0$5,130,774
91$10,581,756$535,184$0$5,592,159
92$11,585,360$485,673$0$6,099,464
93$12,688,947$431,351$0$6,657,375
94$13,902,639$371,906$0$7,271,059
95$15,237,588$307,010$0$7,946,215
96$16,706,085$236,316$0$8,689,121
97$18,321,667$159,457$0$9,506,701
98$20,099,253$76,047$0$10,406,589
99$22,055,279$0$0$11,397,197
100$24,207,855$0$0$12,491,427