Can I retire at age 59 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$61,852$61,301$60,763$60,239$59,726$59,300
2 years$30,620$30,049$29,497$28,961$28,441$28,011
3 years$20,210$19,638$19,086$18,556$18,044$17,624
4 years$15,007$14,436$13,890$13,368$12,869$12,462
5 years$11,885$11,318$10,779$10,268$9,783$9,390
6 years$9,805$9,242$8,711$8,211$7,741$7,363
7 years$8,320$7,761$7,239$6,751$6,295$5,932
8 years$7,206$6,653$6,139$5,663$5,223$4,874
9 years$6,341$5,792$5,288$4,824$4,398$4,065
10 years$5,649$5,106$4,610$4,158$3,748$3,429
11 years$5,083$4,545$4,059$3,619$3,223$2,918
12 years$4,612$4,080$3,602$3,174$2,793$2,502
13 years$4,213$3,687$3,218$2,802$2,436$2,159
14 years$3,872$3,351$2,891$2,488$2,135$1,872
15 years$3,577$3,061$2,611$2,219$1,880$1,630
16 years$3,318$2,809$2,367$1,986$1,661$1,424
17 years$3,091$2,587$2,154$1,785$1,473$1,248
18 years$2,889$2,390$1,966$1,608$1,310$1,096
19 years$2,708$2,215$1,800$1,453$1,167$966
20 years$2,546$2,059$1,652$1,316$1,043$852
21 years$2,399$1,917$1,519$1,195$933$753
22 years$2,266$1,790$1,400$1,086$836$667
23 years$2,144$1,674$1,293$989$751$591
24 years$2,033$1,568$1,196$902$675$524
25 years$1,931$1,472$1,108$824$607$466
26 years$1,837$1,383$1,027$753$547$414
27 years$1,750$1,302$954$690$493$368
28 years$1,669$1,227$887$632$445$328
29 years$1,594$1,157$825$579$402$292
30 years$1,525$1,093$769$532$363$260
31 years$1,459$1,033$717$488$328$232
32 years$1,399$978$669$449$297$207
33 years$1,341$926$624$413$269$185
34 years$1,288$878$583$380$243$165
35 years$1,237$832$545$350$220$147
36 years$1,190$790$510$322$200$132
37 years$1,145$750$477$297$181$118
38 years$1,102$713$447$273$164$105
39 years$1,062$678$419$252$149$94
40 years$1,024$645$393$233$135$84
41 years$988$614$368$215$122$75
42 years$954$585$345$198$111$67
43 years$921$557$324$183$101$60
44 years$890$531$304$169$92$54
45 years$860$506$286$156$83$48
46 years$832$483$268$144$75$43
47 years$805$461$252$133$68$38
48 years$779$440$237$123$62$34
49 years$755$420$223$114$56$31
50 years$731$402$209$105$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $749,000, adding $4,620 every year, while hoping to spend $57,027 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: 43/37/20 Blend
58$749,000$749,000$749,000$749,000
59$830,164$790,467$778,857$860,847
60$854,164$768,523$744,272$861,050
61$878,701$743,593$706,618$855,349
62$903,769$715,470$665,731$847,997
63$929,361$683,935$621,440$838,869
64$955,466$648,758$573,568$827,834
65$982,069$609,693$521,928$814,753
66$1,009,154$566,482$466,327$799,476
67$1,036,700$518,851$406,560$781,847
68$1,064,680$466,512$342,417$761,696
69$1,093,065$409,159$273,676$738,845
70$1,121,818$346,468$200,105$713,104
71$1,150,898$278,100$121,463$684,272
72$1,180,256$203,693$37,498$652,133
73$1,209,835$122,867$0$616,459
74$1,239,571$35,220$0$588,126
75$1,269,389$0$0$565,018
76$1,299,206$0$0$563,206
77$1,328,924$0$0$575,636
78$1,358,435$0$0$587,917
79$1,387,617$0$0$599,987
80$1,416,329$0$0$611,780
81$1,444,416$0$0$623,220
82$1,471,702$0$0$634,221
83$1,497,990$0$0$644,688
84$1,523,058$0$0$654,514
85$1,546,661$0$0$663,582
86$1,568,520$0$0$671,757
87$1,588,328$0$0$678,891
88$1,605,741$0$0$684,819
89$1,620,376$0$0$689,357
90$1,631,805$0$0$692,301
91$1,639,553$0$0$693,422
92$1,643,093$0$0$692,470
93$1,641,837$0$0$689,162
94$1,635,135$0$0$683,187
95$1,622,263$0$0$674,201
96$1,602,418$0$0$661,820
97$1,574,712$0$0$645,620
98$1,538,158$0$0$625,131
99$1,491,666$0$0$599,832
100$1,434,024$0$0$569,147