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%13.6%
1 years$61,687$61,137$60,601$60,078$59,567$58,677
2 years$30,538$29,969$29,418$28,884$28,365$27,470
3 years$20,156$19,585$19,035$18,506$17,996$17,124
4 years$14,967$14,397$13,853$13,333$12,835$11,993
5 years$11,854$11,288$10,750$10,241$9,757$8,948
6 years$9,779$9,217$8,688$8,190$7,720$6,944
7 years$8,298$7,741$7,220$6,733$6,279$5,536
8 years$7,187$6,635$6,123$5,648$5,209$4,500
9 years$6,324$5,777$5,274$4,811$4,387$3,710
10 years$5,634$5,092$4,598$4,147$3,738$3,094
11 years$5,069$4,533$4,048$3,609$3,214$2,603
12 years$4,599$4,069$3,592$3,166$2,786$2,205
13 years$4,202$3,677$3,209$2,795$2,429$1,879
14 years$3,862$3,342$2,884$2,481$2,129$1,609
15 years$3,567$3,053$2,604$2,213$1,875$1,383
16 years$3,309$2,801$2,361$1,981$1,657$1,192
17 years$3,082$2,580$2,148$1,780$1,469$1,031
18 years$2,881$2,384$1,961$1,604$1,306$894
19 years$2,701$2,209$1,795$1,450$1,164$777
20 years$2,539$2,053$1,647$1,313$1,040$676
21 years$2,392$1,912$1,515$1,191$931$589
22 years$2,260$1,785$1,397$1,083$834$514
23 years$2,139$1,670$1,289$987$749$449
24 years$2,028$1,564$1,193$900$673$392
25 years$1,926$1,468$1,105$822$606$343
26 years$1,832$1,380$1,024$751$546$301
27 years$1,745$1,298$951$688$492$264
28 years$1,665$1,224$884$630$444$231
29 years$1,590$1,154$823$578$401$203
30 years$1,521$1,090$767$530$362$178
31 years$1,456$1,030$715$487$327$156
32 years$1,395$975$667$448$296$137
33 years$1,338$923$623$412$268$121
34 years$1,284$875$582$379$243$106
35 years$1,234$830$544$349$220$93
36 years$1,186$788$509$321$199$82
37 years$1,142$748$476$296$180$72
38 years$1,099$711$446$273$164$63
39 years$1,059$676$418$251$148$56
40 years$1,021$643$392$232$135$49
41 years$985$612$367$214$122$43
42 years$951$583$344$197$111$38
43 years$919$556$323$182$101$33
44 years$888$530$303$168$91$29
45 years$858$505$285$155$83$26
46 years$830$482$268$144$75$23
47 years$803$460$251$133$68$20
48 years$777$439$236$123$62$18
49 years$753$419$222$113$56$15
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 $3,358 every year, while hoping to spend $45,158 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: 52/29/19 Blend
58$747,000$747,000$747,000$747,000
59$826,658$787,067$775,488$865,165
60$862,929$777,585$753,419$882,524
61$901,387$766,126$729,098$896,411
62$942,206$752,543$702,400$910,543
63$985,578$736,685$673,198$924,957
64$1,031,713$718,389$641,356$939,698
65$1,080,840$697,483$606,734$954,818
66$1,133,211$673,785$569,185$970,376
67$1,189,101$647,102$528,555$986,442
68$1,248,811$617,232$484,683$1,003,095
69$1,312,672$583,959$437,402$1,020,426
70$1,381,046$547,054$386,536$1,038,539
71$1,454,330$506,277$331,903$1,057,553
72$1,532,960$461,373$273,310$1,077,602
73$1,617,415$412,073$210,559$1,098,840
74$1,708,219$358,092$143,440$1,121,440
75$1,805,948$299,130$71,736$1,145,598
76$1,911,236$234,868$0$1,171,535
77$2,024,777$164,972$0$1,200,472
78$2,147,335$89,087$0$1,247,303
79$2,279,749$6,838$0$1,297,836
80$2,422,941$0$0$1,352,479
81$2,577,925$0$0$1,437,907
82$2,745,813$0$0$1,532,874
83$2,927,832$0$0$1,635,900
84$3,125,329$0$0$1,747,754
85$3,339,783$0$0$1,869,285
86$3,572,826$0$0$2,001,425
87$3,826,249$0$0$2,145,199
88$4,102,025$0$0$2,301,737
89$4,402,323$0$0$2,472,280
90$4,729,531$0$0$2,658,195
91$5,086,277$0$0$2,860,986
92$5,475,453$0$0$3,082,309
93$5,900,241$0$0$3,323,986
94$6,364,145$0$0$3,588,023
95$6,871,024$0$0$3,876,630
96$7,425,122$0$0$4,192,237
97$8,031,116$0$0$4,537,523
98$8,694,154$0$0$4,915,434
99$9,419,903$0$0$5,329,217
100$10,214,605$0$0$5,782,447