Can I retire at age 59 with 750,000?

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 $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%12.6%
1 years$61,934$61,383$60,844$60,319$59,806$59,157
2 years$30,661$30,090$29,536$29,000$28,479$27,825
3 years$20,237$19,664$19,112$18,580$18,068$17,430
4 years$15,027$14,455$13,909$13,386$12,886$12,269
5 years$11,901$11,333$10,794$10,282$9,796$9,202
6 years$9,818$9,254$8,723$8,222$7,751$7,180
7 years$8,331$7,772$7,249$6,760$6,304$5,756
8 years$7,216$6,662$6,147$5,671$5,230$4,705
9 years$6,349$5,800$5,295$4,830$4,404$3,903
10 years$5,656$5,113$4,616$4,164$3,753$3,275
11 years$5,090$4,551$4,064$3,624$3,227$2,772
12 years$4,618$4,085$3,607$3,179$2,797$2,363
13 years$4,219$3,692$3,222$2,806$2,439$2,027
14 years$3,877$3,356$2,895$2,491$2,138$1,747
15 years$3,581$3,066$2,614$2,222$1,882$1,512
16 years$3,323$2,813$2,370$1,989$1,664$1,313
17 years$3,095$2,590$2,157$1,787$1,475$1,143
18 years$2,892$2,394$1,969$1,611$1,312$998
19 years$2,712$2,218$1,802$1,455$1,169$874
20 years$2,549$2,061$1,654$1,318$1,044$766
21 years$2,402$1,920$1,521$1,196$934$672
22 years$2,269$1,792$1,402$1,088$838$591
23 years$2,147$1,676$1,295$991$752$520
24 years$2,036$1,571$1,197$903$676$459
25 years$1,934$1,474$1,109$825$608$404
26 years$1,839$1,385$1,029$754$548$357
27 years$1,752$1,304$955$691$494$315
28 years$1,672$1,228$888$633$446$279
29 years$1,597$1,159$826$580$402$247
30 years$1,527$1,094$770$532$364$218
31 years$1,461$1,035$717$489$329$193
32 years$1,400$979$669$449$297$171
33 years$1,343$927$625$413$269$151
34 years$1,289$879$584$380$244$134
35 years$1,239$833$546$350$221$119
36 years$1,191$791$511$322$200$105
37 years$1,146$751$478$297$181$94
38 years$1,104$714$448$274$164$83
39 years$1,063$679$419$252$149$74
40 years$1,025$646$393$233$135$65
41 years$989$615$369$215$123$58
42 years$955$586$346$198$111$51
43 years$922$558$324$183$101$46
44 years$891$532$305$169$92$40
45 years$861$507$286$156$83$36
46 years$833$484$269$144$76$32
47 years$806$462$252$133$69$28
48 years$780$441$237$123$62$25
49 years$756$421$223$114$57$22
50 years$732$402$210$105$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $750,000, adding $6,630 every year, while hoping to spend $34,049 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: 39/31/30 Blend
58$750,000$750,000$750,000$750,000
59$833,339$793,589$781,964$858,223
60$882,112$796,247$771,932$879,738
61$934,718$797,894$760,422$899,389
62$991,513$798,444$747,350$920,001
63$1,052,887$797,808$732,626$941,685
64$1,119,268$795,888$716,156$964,565
65$1,191,129$792,581$697,843$988,780
66$1,268,987$787,781$677,583$1,014,486
67$1,353,412$781,370$655,270$1,041,856
68$1,445,030$773,227$630,792$1,071,087
69$1,544,531$763,223$604,031$1,102,395
70$1,652,672$751,220$574,866$1,136,024
71$1,770,287$737,073$543,166$1,172,245
72$1,898,294$720,627$508,800$1,211,361
73$2,037,703$701,720$471,627$1,253,709
74$2,189,622$680,178$431,501$1,299,666
75$2,355,276$655,820$388,269$1,349,650
76$2,536,010$628,450$341,771$1,404,127
77$2,733,304$597,865$291,842$1,463,616
78$2,948,789$563,848$238,306$1,528,692
79$3,184,258$526,170$180,982$1,599,996
80$3,441,689$484,589$119,681$1,678,239
81$3,723,255$438,847$54,205$1,764,213
82$4,031,352$388,676$0$1,858,795
83$4,368,618$333,789$0$1,967,974
84$4,737,956$273,883$0$2,106,656
85$5,142,563$208,640$0$2,258,744
86$5,585,963$137,722$0$2,425,639
87$6,072,034$60,773$0$2,608,893
88$6,605,048$0$0$2,810,219
89$7,189,709$0$0$3,039,213
90$7,831,201$0$0$3,313,314
91$8,535,231$0$0$3,614,242
92$9,308,088$0$0$3,944,699
93$10,156,698$0$0$4,307,658
94$11,088,690$0$0$4,706,399
95$12,112,469$0$0$5,144,531
96$13,237,295$0$0$5,626,032
97$14,473,368$0$0$6,155,284
98$15,831,925$0$0$6,737,115
99$17,325,347$0$0$7,376,843
100$18,967,272$0$0$8,080,328