Can I retire at age 59 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$61,687$61,137$60,601$60,078$59,567$58,701
2 years$30,538$29,969$29,418$28,884$28,365$27,495
3 years$20,156$19,585$19,035$18,506$17,996$17,148
4 years$14,967$14,397$13,853$13,333$12,835$12,016
5 years$11,854$11,288$10,750$10,241$9,757$8,969
6 years$9,779$9,217$8,688$8,190$7,720$6,965
7 years$8,298$7,741$7,220$6,733$6,279$5,555
8 years$7,187$6,635$6,123$5,648$5,209$4,518
9 years$6,324$5,777$5,274$4,811$4,387$3,728
10 years$5,634$5,092$4,598$4,147$3,738$3,110
11 years$5,069$4,533$4,048$3,609$3,214$2,618
12 years$4,599$4,069$3,592$3,166$2,786$2,220
13 years$4,202$3,677$3,209$2,795$2,429$1,893
14 years$3,862$3,342$2,884$2,481$2,129$1,621
15 years$3,567$3,053$2,604$2,213$1,875$1,395
16 years$3,309$2,801$2,361$1,981$1,657$1,204
17 years$3,082$2,580$2,148$1,780$1,469$1,042
18 years$2,881$2,384$1,961$1,604$1,306$904
19 years$2,701$2,209$1,795$1,450$1,164$785
20 years$2,539$2,053$1,647$1,313$1,040$684
21 years$2,392$1,912$1,515$1,191$931$596
22 years$2,260$1,785$1,397$1,083$834$521
23 years$2,139$1,670$1,289$987$749$455
24 years$2,028$1,564$1,193$900$673$398
25 years$1,926$1,468$1,105$822$606$349
26 years$1,832$1,380$1,024$751$546$306
27 years$1,745$1,298$951$688$492$268
28 years$1,665$1,224$884$630$444$235
29 years$1,590$1,154$823$578$401$207
30 years$1,521$1,090$767$530$362$182
31 years$1,456$1,030$715$487$327$160
32 years$1,395$975$667$448$296$140
33 years$1,338$923$623$412$268$123
34 years$1,284$875$582$379$243$108
35 years$1,234$830$544$349$220$95
36 years$1,186$788$509$321$199$84
37 years$1,142$748$476$296$180$74
38 years$1,099$711$446$273$164$65
39 years$1,059$676$418$251$148$57
40 years$1,021$643$392$232$135$50
41 years$985$612$367$214$122$44
42 years$951$583$344$197$111$39
43 years$919$556$323$182$101$34
44 years$888$530$303$168$91$30
45 years$858$505$285$155$83$27
46 years$830$482$268$144$75$23
47 years$803$460$251$133$68$21
48 years$777$439$236$123$62$18
49 years$753$419$222$113$56$16
50 years$729$400$209$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $747,000, adding $5,231 every year, while hoping to spend $46,034 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: 56/25/19 Blend
58$747,000$747,000$747,000$747,000
59$828,590$788,999$777,420$870,504
60$864,126$778,680$754,484$889,342
61$901,744$766,313$729,237$904,473
62$941,608$751,748$701,552$919,938
63$983,896$734,828$671,298$935,781
64$1,028,805$715,385$638,338$952,052
65$1,076,547$693,243$602,526$968,809
66$1,127,358$668,215$563,713$986,116
67$1,181,492$640,102$521,742$1,004,050
68$1,239,232$608,694$476,448$1,022,696
69$1,300,883$573,770$427,659$1,042,153
70$1,366,784$535,095$375,195$1,062,532
71$1,437,302$492,421$318,871$1,083,958
72$1,512,843$445,486$258,489$1,106,575
73$1,593,851$394,012$193,847$1,130,543
74$1,680,812$337,708$124,729$1,156,046
75$1,774,262$276,262$50,915$1,183,287
76$1,874,787$209,349$0$1,212,499
77$1,983,032$136,624$0$1,249,588
78$2,099,703$57,720$0$1,300,580
79$2,225,578$0$0$1,355,522
80$2,361,512$0$0$1,422,465
81$2,508,441$0$0$1,512,040
82$2,667,399$0$0$1,609,003
83$2,839,517$0$0$1,714,052
84$3,026,043$0$0$1,827,955
85$3,228,347$0$0$1,951,557
86$3,447,936$0$0$2,085,787
87$3,686,467$0$0$2,231,667
88$3,945,764$0$0$2,390,319
89$4,227,832$0$0$2,562,981
90$4,534,879$0$0$2,751,014
91$4,869,333$0$0$2,955,914
92$5,233,865$0$0$3,179,329
93$5,631,417$0$0$3,423,073
94$6,065,226$0$0$3,689,141
95$6,538,855$0$0$3,979,732
96$7,056,226$0$0$4,297,262
97$7,621,657$0$0$4,644,397
98$8,239,901$0$0$5,024,066
99$8,916,192$0$0$5,439,499
100$9,656,293$0$0$5,894,250