Can I retire at age 59 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$62,017$61,464$60,926$60,399$59,886$58,629
2 years$30,701$30,130$29,575$29,038$28,517$27,257
3 years$20,264$19,690$19,137$18,605$18,092$16,868
4 years$15,047$14,474$13,927$13,404$12,904$11,724
5 years$11,917$11,348$10,808$10,295$9,809$8,678
6 years$9,831$9,266$8,734$8,233$7,762$6,681
7 years$8,342$7,782$7,258$6,769$6,312$5,281
8 years$7,226$6,671$6,156$5,678$5,237$4,255
9 years$6,358$5,808$5,302$4,837$4,410$3,478
10 years$5,664$5,119$4,622$4,169$3,758$2,874
11 years$5,096$4,558$4,069$3,629$3,232$2,395
12 years$4,624$4,091$3,611$3,183$2,800$2,009
13 years$4,224$3,697$3,227$2,810$2,442$1,695
14 years$3,882$3,360$2,899$2,494$2,141$1,437
15 years$3,586$3,070$2,618$2,224$1,885$1,222
16 years$3,327$2,816$2,373$1,992$1,666$1,043
17 years$3,099$2,594$2,159$1,790$1,477$892
18 years$2,896$2,397$1,971$1,613$1,313$765
19 years$2,715$2,221$1,805$1,457$1,171$657
20 years$2,552$2,064$1,656$1,320$1,046$566
21 years$2,405$1,923$1,523$1,198$936$487
22 years$2,272$1,795$1,404$1,089$839$420
23 years$2,150$1,679$1,296$992$753$363
24 years$2,039$1,573$1,199$905$677$314
25 years$1,936$1,476$1,110$826$609$271
26 years$1,842$1,387$1,030$755$548$235
27 years$1,755$1,305$956$691$495$203
28 years$1,674$1,230$889$634$446$176
29 years$1,599$1,160$827$581$403$153
30 years$1,529$1,096$771$533$364$132
31 years$1,463$1,036$718$490$329$115
32 years$1,402$980$670$450$298$99
33 years$1,345$928$626$414$269$86
34 years$1,291$880$585$381$244$75
35 years$1,240$835$547$351$221$65
36 years$1,193$792$511$323$200$56
37 years$1,148$752$479$297$181$49
38 years$1,105$715$448$274$165$42
39 years$1,065$680$420$253$149$37
40 years$1,027$647$394$233$135$32
41 years$991$616$369$215$123$28
42 years$956$586$346$199$111$24
43 years$923$559$325$183$101$21
44 years$892$533$305$169$92$18
45 years$863$508$286$156$83$16
46 years$834$484$269$144$76$14
47 years$807$462$253$133$69$12
48 years$782$441$237$123$62$10
49 years$757$421$223$114$57$9
50 years$733$403$210$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $751,000, adding $2,650 every year, while hoping to spend $42,299 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: 53/21/26 Blend
58$751,000$751,000$751,000$751,000
59$830,335$790,532$778,892$868,208
60$870,024$784,263$759,979$888,413
61$912,343$776,268$739,015$905,839
62$957,516$766,419$715,886$923,946
63$1,005,788$754,580$690,474$942,813
64$1,057,429$740,604$662,655$962,534
65$1,112,731$724,339$632,299$983,211
66$1,172,019$705,621$599,270$1,004,961
67$1,235,647$684,278$563,427$1,027,915
68$1,304,003$660,128$524,623$1,052,221
69$1,377,515$632,977$482,701$1,078,044
70$1,456,651$602,623$437,501$1,105,568
71$1,541,926$568,847$388,853$1,135,002
72$1,633,904$531,423$336,582$1,166,579
73$1,733,208$490,108$280,502$1,200,558
74$1,840,518$444,647$220,423$1,237,230
75$1,956,586$394,769$156,142$1,276,920
76$2,082,236$340,191$87,450$1,319,991
77$2,218,373$280,609$14,129$1,366,845
78$2,365,994$215,706$0$1,417,935
79$2,526,195$145,145$0$1,491,550
80$2,700,180$68,571$0$1,575,800
81$2,889,276$0$0$1,667,452
82$3,094,941$0$0$1,770,596
83$3,318,779$0$0$1,900,164
84$3,562,555$0$0$2,041,340
85$3,828,212$0$0$2,195,259
86$4,117,888$0$0$2,363,166
87$4,433,936$0$0$2,546,436
88$4,778,945$0$0$2,746,580
89$5,155,766$0$0$2,965,261
90$5,567,539$0$0$3,204,311
91$6,017,717$0$0$3,465,748
92$6,510,106$0$0$3,751,790
93$7,048,894$0$0$4,064,884
94$7,638,693$0$0$4,407,721
95$8,284,582$0$0$4,783,266
96$8,992,155$0$0$5,194,785
97$9,767,570$0$0$5,645,873
98$10,617,610$0$0$6,140,490
99$11,549,749$0$0$6,682,998
100$12,572,213$0$0$7,278,202