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%16.5%
1 years$61,687$61,137$60,601$60,078$59,567$57,986
2 years$30,538$29,969$29,418$28,884$28,365$26,783
3 years$20,156$19,585$19,035$18,506$17,996$16,463
4 years$14,967$14,397$13,853$13,333$12,835$11,362
5 years$11,854$11,288$10,750$10,241$9,757$8,349
6 years$9,779$9,217$8,688$8,190$7,720$6,378
7 years$8,298$7,741$7,220$6,733$6,279$5,002
8 years$7,187$6,635$6,123$5,648$5,209$3,998
9 years$6,324$5,777$5,274$4,811$4,387$3,240
10 years$5,634$5,092$4,598$4,147$3,738$2,654
11 years$5,069$4,533$4,048$3,609$3,214$2,192
12 years$4,599$4,069$3,592$3,166$2,786$1,822
13 years$4,202$3,677$3,209$2,795$2,429$1,523
14 years$3,862$3,342$2,884$2,481$2,129$1,279
15 years$3,567$3,053$2,604$2,213$1,875$1,077
16 years$3,309$2,801$2,361$1,981$1,657$910
17 years$3,082$2,580$2,148$1,780$1,469$771
18 years$2,881$2,384$1,961$1,604$1,306$654
19 years$2,701$2,209$1,795$1,450$1,164$556
20 years$2,539$2,053$1,647$1,313$1,040$473
21 years$2,392$1,912$1,515$1,191$931$404
22 years$2,260$1,785$1,397$1,083$834$344
23 years$2,139$1,670$1,289$987$749$294
24 years$2,028$1,564$1,193$900$673$251
25 years$1,926$1,468$1,105$822$606$215
26 years$1,832$1,380$1,024$751$546$184
27 years$1,745$1,298$951$688$492$157
28 years$1,665$1,224$884$630$444$135
29 years$1,590$1,154$823$578$401$115
30 years$1,521$1,090$767$530$362$99
31 years$1,456$1,030$715$487$327$85
32 years$1,395$975$667$448$296$73
33 years$1,338$923$623$412$268$62
34 years$1,284$875$582$379$243$53
35 years$1,234$830$544$349$220$46
36 years$1,186$788$509$321$199$39
37 years$1,142$748$476$296$180$34
38 years$1,099$711$446$273$164$29
39 years$1,059$676$418$251$148$25
40 years$1,021$643$392$232$135$21
41 years$985$612$367$214$122$18
42 years$951$583$344$197$111$16
43 years$919$556$323$182$101$13
44 years$888$530$303$168$91$12
45 years$858$505$285$155$83$10
46 years$830$482$268$144$75$9
47 years$803$460$251$133$68$7
48 years$777$439$236$123$62$6
49 years$753$419$222$113$56$5
50 years$729$400$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $747,000, adding $3,060 every year, while hoping to spend $24,100 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: 58/25/17 Blend
58$747,000$747,000$747,000$747,000
59$826,350$786,759$775,181$870,450
60$884,996$799,668$775,507$913,597
61$948,816$812,402$775,037$957,707
62$1,018,312$824,927$773,717$1,005,243
63$1,094,037$837,206$771,494$1,056,539
64$1,176,600$849,200$768,310$1,111,965
65$1,266,669$860,867$764,105$1,171,925
66$1,364,983$872,163$758,816$1,236,869
67$1,472,352$883,039$752,377$1,307,291
68$1,589,668$893,445$744,719$1,383,736
69$1,717,916$903,326$735,768$1,466,805
70$1,858,177$912,622$725,450$1,557,162
71$2,011,644$921,273$713,685$1,655,538
72$2,179,628$929,212$700,390$1,762,740
73$2,363,574$936,368$685,477$1,879,659
74$2,565,074$942,665$668,857$2,007,274
75$2,785,881$948,024$650,432$2,146,669
76$3,027,923$952,360$630,104$2,299,037
77$3,293,327$955,581$607,768$2,465,696
78$3,584,433$957,592$583,315$2,648,096
79$3,903,821$958,290$556,632$2,847,840
80$4,254,331$957,566$527,599$3,066,692
81$4,639,090$955,304$496,091$3,306,602
82$5,061,546$951,382$461,979$3,569,716
83$5,525,494$945,670$425,125$3,858,404
84$6,035,116$938,030$385,389$4,175,276
85$6,595,019$928,315$342,621$4,523,213
86$7,210,279$916,370$296,667$4,905,391
87$7,886,486$902,031$247,364$5,325,313
88$8,629,800$885,123$194,543$5,786,839
89$9,447,008$865,462$138,028$6,294,228
90$10,345,585$842,852$77,634$6,852,175
91$11,333,768$817,086$13,169$7,465,857
92$12,420,634$787,945$0$8,140,982
93$13,616,181$755,196$0$8,893,934
94$14,931,427$718,595$0$9,724,765
95$16,378,508$677,883$0$10,638,777
96$17,970,800$632,783$0$11,644,443
97$19,723,040$583,007$0$12,751,107
98$21,651,463$528,248$0$13,969,066
99$23,773,960$468,180$0$15,309,670
100$26,110,244$402,461$0$16,785,428