Can I retire at age 59 with 747,000?

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 $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%18.2%
1 years$61,687$61,137$60,601$60,078$59,567$57,591
2 years$30,538$29,969$29,418$28,884$28,365$26,394
3 years$20,156$19,585$19,035$18,506$17,996$16,091
4 years$14,967$14,397$13,853$13,333$12,835$11,011
5 years$11,854$11,288$10,750$10,241$9,757$8,018
6 years$9,779$9,217$8,688$8,190$7,720$6,069
7 years$8,298$7,741$7,220$6,733$6,279$4,714
8 years$7,187$6,635$6,123$5,648$5,209$3,730
9 years$6,324$5,777$5,274$4,811$4,387$2,992
10 years$5,634$5,092$4,598$4,147$3,738$2,424
11 years$5,069$4,533$4,048$3,609$3,214$1,981
12 years$4,599$4,069$3,592$3,166$2,786$1,628
13 years$4,202$3,677$3,209$2,795$2,429$1,345
14 years$3,862$3,342$2,884$2,481$2,129$1,116
15 years$3,567$3,053$2,604$2,213$1,875$929
16 years$3,309$2,801$2,361$1,981$1,657$775
17 years$3,082$2,580$2,148$1,780$1,469$649
18 years$2,881$2,384$1,961$1,604$1,306$544
19 years$2,701$2,209$1,795$1,450$1,164$456
20 years$2,539$2,053$1,647$1,313$1,040$383
21 years$2,392$1,912$1,515$1,191$931$323
22 years$2,260$1,785$1,397$1,083$834$272
23 years$2,139$1,670$1,289$987$749$229
24 years$2,028$1,564$1,193$900$673$193
25 years$1,926$1,468$1,105$822$606$163
26 years$1,832$1,380$1,024$751$546$137
27 years$1,745$1,298$951$688$492$116
28 years$1,665$1,224$884$630$444$98
29 years$1,590$1,154$823$578$401$83
30 years$1,521$1,090$767$530$362$70
31 years$1,456$1,030$715$487$327$59
32 years$1,395$975$667$448$296$50
33 years$1,338$923$623$412$268$42
34 years$1,284$875$582$379$243$36
35 years$1,234$830$544$349$220$30
36 years$1,186$788$509$321$199$26
37 years$1,142$748$476$296$180$22
38 years$1,099$711$446$273$164$18
39 years$1,059$676$418$251$148$15
40 years$1,021$643$392$232$135$13
41 years$985$612$367$214$122$11
42 years$951$583$344$197$111$9
43 years$919$556$323$182$101$8
44 years$888$530$303$168$91$7
45 years$858$505$285$155$83$6
46 years$830$482$268$144$75$5
47 years$803$460$251$133$68$4
48 years$777$439$236$123$62$3
49 years$753$419$222$113$56$3
50 years$729$400$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $747,000, adding $2,915 every year, while hoping to spend $21,930 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: 45/49/6 Blend
58$747,000$747,000$747,000$747,000
59$826,201$786,610$775,031$861,882
60$887,140$801,820$777,662$901,977
61$953,560$817,041$779,645$942,914
62$1,025,996$832,250$780,936$986,788
63$1,105,040$847,421$781,489$1,033,874
64$1,191,338$862,530$781,254$1,084,479
65$1,285,608$877,547$780,179$1,138,939
66$1,388,634$892,441$778,209$1,197,625
67$1,501,284$907,179$775,288$1,260,947
68$1,624,511$921,727$771,356$1,329,354
69$1,759,365$936,046$766,351$1,403,346
70$1,907,002$950,094$760,206$1,483,469
71$2,068,696$963,829$752,852$1,570,329
72$2,245,850$977,203$744,219$1,664,592
73$2,440,006$990,165$734,230$1,766,995
74$2,652,866$1,002,663$722,807$1,878,347
75$2,886,304$1,014,639$709,866$1,999,543
76$3,142,382$1,026,031$695,321$2,131,570
77$3,423,372$1,036,774$679,082$2,275,515
78$3,731,778$1,046,798$661,053$2,432,578
79$4,070,357$1,056,029$641,137$2,604,082
80$4,442,147$1,064,387$619,227$2,791,485
81$4,850,492$1,071,788$595,218$2,996,397
82$5,299,078$1,078,142$568,994$3,220,592
83$5,791,966$1,083,353$540,437$3,466,028
84$6,333,629$1,087,320$509,424$3,734,862
85$6,928,994$1,089,933$475,825$4,029,475
86$7,583,491$1,091,079$439,504$4,352,491
87$8,303,100$1,090,635$400,320$4,706,805
88$9,094,411$1,088,471$358,126$5,095,610
89$9,964,684$1,084,449$312,766$5,522,424
90$10,921,918$1,078,424$264,080$5,991,130
91$11,974,926$1,070,239$211,900$6,506,009
92$13,133,419$1,059,731$156,049$7,071,779
93$14,408,095$1,046,726$96,344$7,693,646
94$15,810,743$1,031,037$32,594$8,377,349
95$17,354,352$1,012,471$0$9,129,217
96$19,053,232$990,818$0$9,958,494
97$20,923,153$965,859$0$10,872,981
98$22,981,490$937,362$0$11,879,086
99$25,247,389$905,080$0$12,986,176
100$27,741,946$868,753$0$14,204,578