Can I retire at age 59 with 750,000?

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 $750,000?

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$61,934$61,383$60,844$60,319$59,806$58,937
2 years$30,661$30,090$29,536$29,000$28,479$27,605
3 years$20,237$19,664$19,112$18,580$18,068$17,217
4 years$15,027$14,455$13,909$13,386$12,886$12,064
5 years$11,901$11,333$10,794$10,282$9,796$9,005
6 years$9,818$9,254$8,723$8,222$7,751$6,993
7 years$8,331$7,772$7,249$6,760$6,304$5,578
8 years$7,216$6,662$6,147$5,671$5,230$4,536
9 years$6,349$5,800$5,295$4,830$4,404$3,743
10 years$5,656$5,113$4,616$4,164$3,753$3,123
11 years$5,090$4,551$4,064$3,624$3,227$2,629
12 years$4,618$4,085$3,607$3,179$2,797$2,228
13 years$4,219$3,692$3,222$2,806$2,439$1,900
14 years$3,877$3,356$2,895$2,491$2,138$1,628
15 years$3,581$3,066$2,614$2,222$1,882$1,400
16 years$3,323$2,813$2,370$1,989$1,664$1,208
17 years$3,095$2,590$2,157$1,787$1,475$1,046
18 years$2,892$2,394$1,969$1,611$1,312$907
19 years$2,712$2,218$1,802$1,455$1,169$789
20 years$2,549$2,061$1,654$1,318$1,044$687
21 years$2,402$1,920$1,521$1,196$934$599
22 years$2,269$1,792$1,402$1,088$838$523
23 years$2,147$1,676$1,295$991$752$457
24 years$2,036$1,571$1,197$903$676$400
25 years$1,934$1,474$1,109$825$608$350
26 years$1,839$1,385$1,029$754$548$307
27 years$1,752$1,304$955$691$494$269
28 years$1,672$1,228$888$633$446$236
29 years$1,597$1,159$826$580$402$208
30 years$1,527$1,094$770$532$364$182
31 years$1,461$1,035$717$489$329$160
32 years$1,400$979$669$449$297$141
33 years$1,343$927$625$413$269$124
34 years$1,289$879$584$380$244$109
35 years$1,239$833$546$350$221$96
36 years$1,191$791$511$322$200$84
37 years$1,146$751$478$297$181$74
38 years$1,104$714$448$274$164$65
39 years$1,063$679$419$252$149$57
40 years$1,025$646$393$233$135$51
41 years$989$615$369$215$123$44
42 years$955$586$346$198$111$39
43 years$922$558$324$183$101$34
44 years$891$532$305$169$92$30
45 years$861$507$286$156$83$27
46 years$833$484$269$144$76$24
47 years$806$462$252$133$69$21
48 years$780$441$237$123$62$18
49 years$756$421$223$114$57$16
50 years$732$402$210$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $750,000, adding $3,281 every year, while hoping to spend $28,930 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: 68/10/22 Blend
58$750,000$750,000$750,000$750,000
59$829,884$790,134$778,509$881,501
60$883,751$798,070$773,808$924,419
61$942,143$805,424$767,980$967,701
62$1,005,491$812,139$760,956$1,014,360
63$1,074,268$818,151$752,665$1,064,729
64$1,148,996$823,393$743,033$1,119,174
65$1,230,249$827,795$731,980$1,178,100
66$1,318,658$831,280$719,424$1,241,953
67$1,414,916$833,768$705,280$1,311,226
68$1,519,788$835,174$689,458$1,386,461
69$1,634,115$835,405$671,863$1,468,257
70$1,758,821$834,366$652,396$1,557,276
71$1,894,924$831,954$630,955$1,654,247
72$2,043,547$828,060$607,432$1,759,973
73$2,205,922$822,568$581,715$1,875,342
74$2,383,408$815,356$553,684$2,001,331
75$2,577,501$806,294$523,218$2,139,021
76$2,789,847$795,244$490,187$2,289,602
77$3,022,261$782,059$454,458$2,454,386
78$3,276,737$766,586$415,888$2,634,822
79$3,555,476$748,661$374,332$2,832,507
80$3,860,898$728,109$329,636$3,049,203
81$4,195,671$704,747$281,639$3,286,851
82$4,562,730$678,381$230,175$3,547,596
83$4,965,311$648,804$175,069$3,833,798
84$5,406,977$615,799$116,137$4,148,065
85$5,891,652$579,136$53,191$4,493,269
86$6,423,658$538,572$0$4,872,580
87$7,007,756$493,847$0$5,292,773
88$7,649,193$444,692$0$5,767,957
89$8,353,746$390,817$0$6,289,932
90$9,127,780$331,918$0$6,863,437
91$9,978,307$267,675$0$7,493,690
92$10,913,051$197,749$0$8,186,445
93$11,940,523$121,779$0$8,948,041
94$13,070,100$39,390$0$9,785,465
95$14,312,110$0$0$10,706,414
96$15,677,934$0$0$11,724,854
97$17,180,111$0$0$12,849,783
98$18,832,455$0$0$14,087,218
99$20,650,187$0$0$15,448,564
100$22,650,078$0$0$16,946,388