Can I retire at age 59 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$61,604$61,055$60,520$59,997$59,487$57,791
2 years$30,497$29,929$29,379$28,845$28,327$26,632
3 years$20,129$19,559$19,010$18,481$17,972$16,330
4 years$14,947$14,378$13,834$13,315$12,818$11,242
5 years$11,838$11,272$10,736$10,227$9,744$8,239
6 years$9,766$9,205$8,676$8,179$7,710$6,277
7 years$8,286$7,730$7,210$6,724$6,270$4,909
8 years$7,177$6,626$6,115$5,641$5,202$3,912
9 years$6,315$5,769$5,267$4,805$4,381$3,161
10 years$5,626$5,085$4,592$4,142$3,733$2,581
11 years$5,062$4,527$4,042$3,604$3,210$2,125
12 years$4,593$4,063$3,587$3,162$2,782$1,761
13 years$4,196$3,672$3,205$2,791$2,426$1,467
14 years$3,857$3,338$2,880$2,478$2,126$1,227
15 years$3,562$3,049$2,600$2,210$1,872$1,030
16 years$3,305$2,798$2,357$1,979$1,655$867
17 years$3,078$2,576$2,145$1,778$1,467$732
18 years$2,877$2,381$1,958$1,602$1,305$619
19 years$2,697$2,206$1,793$1,448$1,163$524
20 years$2,535$2,050$1,645$1,311$1,039$444
21 years$2,389$1,910$1,513$1,190$929$377
22 years$2,257$1,783$1,395$1,082$833$321
23 years$2,136$1,667$1,288$985$748$273
24 years$2,025$1,562$1,191$899$672$232
25 years$1,923$1,466$1,103$821$605$198
26 years$1,830$1,378$1,023$750$545$169
27 years$1,743$1,297$950$687$491$144
28 years$1,663$1,222$883$629$443$123
29 years$1,588$1,153$822$577$400$105
30 years$1,519$1,089$766$530$362$89
31 years$1,454$1,029$714$486$327$76
32 years$1,393$974$666$447$296$65
33 years$1,336$922$622$411$268$56
34 years$1,283$874$581$378$242$47
35 years$1,232$829$543$348$219$41
36 years$1,185$787$508$321$199$35
37 years$1,140$747$476$295$180$30
38 years$1,098$710$445$272$163$25
39 years$1,058$675$417$251$148$22
40 years$1,020$643$391$232$134$18
41 years$984$612$367$214$122$16
42 years$950$582$344$197$111$13
43 years$917$555$323$182$100$12
44 years$886$529$303$168$91$10
45 years$857$504$284$155$83$8
46 years$829$481$267$143$75$7
47 years$802$459$251$132$68$6
48 years$776$438$236$122$62$5
49 years$752$419$222$113$56$4
50 years$728$400$208$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $746,000, adding $6,151 every year, while hoping to spend $38,760 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: 60/26/14 Blend
58$746,000$746,000$746,000$746,000
59$828,437$788,899$777,336$874,900
60$871,697$786,314$762,136$904,342
61$918,071$782,304$745,128$931,552
62$967,834$776,758$726,211$960,311
63$1,021,292$769,558$705,277$990,773
64$1,078,776$760,578$682,217$1,023,108
65$1,140,654$749,689$656,913$1,057,506
66$1,207,325$736,749$629,244$1,094,176
67$1,279,233$721,610$599,084$1,133,351
68$1,356,861$704,115$566,300$1,175,290
69$1,440,742$684,098$530,752$1,220,281
70$1,531,461$661,382$492,297$1,268,640
71$1,629,663$635,783$450,781$1,320,721
72$1,736,054$607,101$406,047$1,376,916
73$1,851,412$575,130$357,931$1,437,657
74$1,976,592$539,647$306,258$1,503,425
75$2,112,536$500,421$250,848$1,574,752
76$2,260,277$457,204$191,514$1,652,229
77$2,420,954$409,736$128,058$1,736,509
78$2,595,819$357,741$60,276$1,828,314
79$2,786,250$300,927$0$1,928,446
80$2,993,763$238,988$0$2,039,592
81$3,220,027$171,599$0$2,170,658
82$3,466,878$98,416$0$2,313,751
83$3,736,338$19,076$0$2,470,109
84$4,030,631$0$0$2,641,099
85$4,352,208$0$0$2,847,341
86$4,703,765$0$0$3,078,835
87$5,088,271$0$0$3,332,085
88$5,508,996$0$0$3,609,251
89$5,969,539$0$0$3,912,713
90$6,473,864$0$0$4,245,091
91$7,026,336$0$0$4,609,270
92$7,631,763$0$0$5,008,427
93$8,295,438$0$0$5,446,061
94$9,023,193$0$0$5,926,028
95$9,821,451$0$0$6,452,573
96$10,697,284$0$0$7,030,371
97$11,658,484$0$0$7,664,572
98$12,713,635$0$0$8,360,851
99$13,872,189$0$0$9,125,457
100$15,144,562$0$0$9,965,275