Can I retire at age 59 with 746,000?

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 $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%16.9%
1 years$61,604$61,055$60,520$59,997$59,487$57,815
2 years$30,497$29,929$29,379$28,845$28,327$26,655
3 years$20,129$19,559$19,010$18,481$17,972$16,352
4 years$14,947$14,378$13,834$13,315$12,818$11,263
5 years$11,838$11,272$10,736$10,227$9,744$8,259
6 years$9,766$9,205$8,676$8,179$7,710$6,295
7 years$8,286$7,730$7,210$6,724$6,270$4,926
8 years$7,177$6,626$6,115$5,641$5,202$3,928
9 years$6,315$5,769$5,267$4,805$4,381$3,175
10 years$5,626$5,085$4,592$4,142$3,733$2,595
11 years$5,062$4,527$4,042$3,604$3,210$2,137
12 years$4,593$4,063$3,587$3,162$2,782$1,772
13 years$4,196$3,672$3,205$2,791$2,426$1,477
14 years$3,857$3,338$2,880$2,478$2,126$1,237
15 years$3,562$3,049$2,600$2,210$1,872$1,039
16 years$3,305$2,798$2,357$1,979$1,655$875
17 years$3,078$2,576$2,145$1,778$1,467$739
18 years$2,877$2,381$1,958$1,602$1,305$625
19 years$2,697$2,206$1,793$1,448$1,163$530
20 years$2,535$2,050$1,645$1,311$1,039$450
21 years$2,389$1,910$1,513$1,190$929$382
22 years$2,257$1,783$1,395$1,082$833$325
23 years$2,136$1,667$1,288$985$748$277
24 years$2,025$1,562$1,191$899$672$236
25 years$1,923$1,466$1,103$821$605$201
26 years$1,830$1,378$1,023$750$545$172
27 years$1,743$1,297$950$687$491$146
28 years$1,663$1,222$883$629$443$125
29 years$1,588$1,153$822$577$400$107
30 years$1,519$1,089$766$530$362$91
31 years$1,454$1,029$714$486$327$78
32 years$1,393$974$666$447$296$66
33 years$1,336$922$622$411$268$57
34 years$1,283$874$581$378$242$49
35 years$1,232$829$543$348$219$42
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$26
39 years$1,058$675$417$251$148$22
40 years$1,020$643$391$232$134$19
41 years$984$612$367$214$122$16
42 years$950$582$344$197$111$14
43 years$917$555$323$182$100$12
44 years$886$529$303$168$91$10
45 years$857$504$284$155$83$9
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$5
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 $4,109 every year, while hoping to spend $48,940 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: 49/42/9 Blend
58$746,000$746,000$746,000$746,000
59$826,330$786,792$775,229$864,643
60$858,544$773,273$749,128$877,797
61$892,404$757,452$720,512$886,569
62$928,025$739,163$689,245$894,962
63$965,534$718,233$655,185$902,955
64$1,005,070$694,477$618,185$910,528
65$1,046,780$667,700$578,087$917,660
66$1,090,830$637,695$534,732$924,335
67$1,137,397$604,245$487,948$930,537
68$1,186,677$567,118$437,559$936,252
69$1,238,880$526,069$383,379$941,471
70$1,294,240$480,840$325,216$946,187
71$1,353,010$431,159$262,869$950,398
72$1,415,467$376,736$196,125$954,107
73$1,481,915$317,266$124,766$957,324
74$1,552,686$252,428$48,561$960,065
75$1,628,143$181,880$0$962,354
76$1,708,686$105,264$0$967,371
77$1,794,749$22,200$0$977,194
78$1,886,812$0$0$987,238
79$1,985,399$0$0$1,028,894
80$2,091,084$0$0$1,084,602
81$2,204,500$0$0$1,144,442
82$2,326,338$0$0$1,208,784
83$2,457,359$0$0$1,278,040
84$2,598,396$0$0$1,352,657
85$2,750,366$0$0$1,433,130
86$2,914,275$0$0$1,519,999
87$3,091,229$0$0$1,613,861
88$3,282,444$0$0$1,715,370
89$3,489,253$0$0$1,825,244
90$3,713,125$0$0$1,944,276
91$3,955,672$0$0$2,073,333
92$4,218,670$0$0$2,213,373
93$4,504,068$0$0$2,365,447
94$4,814,012$0$0$2,530,711
95$5,150,862$0$0$2,710,437
96$5,517,214$0$0$2,906,026
97$5,915,925$0$0$3,119,017
98$6,350,136$0$0$3,351,105
99$6,823,307$0$0$3,604,156
100$7,339,243$0$0$3,880,222