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%17.3%
1 years$62,017$61,464$60,926$60,399$59,886$58,109
2 years$30,701$30,130$29,575$29,038$28,517$26,741
3 years$20,264$19,690$19,137$18,605$18,092$16,374
4 years$15,047$14,474$13,927$13,404$12,904$11,255
5 years$11,917$11,348$10,808$10,295$9,809$8,235
6 years$9,831$9,266$8,734$8,233$7,762$6,264
7 years$8,342$7,782$7,258$6,769$6,312$4,891
8 years$7,226$6,671$6,156$5,678$5,237$3,890
9 years$6,358$5,808$5,302$4,837$4,410$3,137
10 years$5,664$5,119$4,622$4,169$3,758$2,557
11 years$5,096$4,558$4,069$3,629$3,232$2,101
12 years$4,624$4,091$3,611$3,183$2,800$1,738
13 years$4,224$3,697$3,227$2,810$2,442$1,445
14 years$3,882$3,360$2,899$2,494$2,141$1,206
15 years$3,586$3,070$2,618$2,224$1,885$1,010
16 years$3,327$2,816$2,373$1,992$1,666$849
17 years$3,099$2,594$2,159$1,790$1,477$715
18 years$2,896$2,397$1,971$1,613$1,313$603
19 years$2,715$2,221$1,805$1,457$1,171$509
20 years$2,552$2,064$1,656$1,320$1,046$431
21 years$2,405$1,923$1,523$1,198$936$365
22 years$2,272$1,795$1,404$1,089$839$310
23 years$2,150$1,679$1,296$992$753$263
24 years$2,039$1,573$1,199$905$677$223
25 years$1,936$1,476$1,110$826$609$190
26 years$1,842$1,387$1,030$755$548$161
27 years$1,755$1,305$956$691$495$137
28 years$1,674$1,230$889$634$446$117
29 years$1,599$1,160$827$581$403$99
30 years$1,529$1,096$771$533$364$85
31 years$1,463$1,036$718$490$329$72
32 years$1,402$980$670$450$298$61
33 years$1,345$928$626$414$269$52
34 years$1,291$880$585$381$244$44
35 years$1,240$835$547$351$221$38
36 years$1,193$792$511$323$200$32
37 years$1,148$752$479$297$181$28
38 years$1,105$715$448$274$165$23
39 years$1,065$680$420$253$149$20
40 years$1,027$647$394$233$135$17
41 years$991$616$369$215$123$15
42 years$956$586$346$199$111$12
43 years$923$559$325$183$101$11
44 years$892$533$305$169$92$9
45 years$863$508$286$156$83$8
46 years$834$484$269$144$76$7
47 years$807$462$253$133$69$6
48 years$782$441$237$123$62$5
49 years$757$421$223$114$57$4
50 years$733$403$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $751,000, adding $3,812 every year, while hoping to spend $50,903 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: 66/5/29 Blend
58$751,000$751,000$751,000$751,000
59$831,534$791,731$780,091$879,810
60$862,190$776,366$752,063$897,518
61$894,267$758,541$721,391$910,856
62$927,856$738,083$687,931$924,324
63$963,056$714,808$651,535$937,941
64$999,974$688,520$612,048$951,727
65$1,038,726$659,012$569,306$965,708
66$1,079,438$626,066$523,141$979,913
67$1,122,249$589,451$473,373$994,376
68$1,167,306$548,921$419,819$1,009,139
69$1,214,772$504,220$362,284$1,024,248
70$1,264,825$455,073$300,567$1,039,756
71$1,317,657$401,191$234,456$1,055,726
72$1,373,478$342,269$163,730$1,072,228
73$1,432,517$277,985$88,159$1,089,344
74$1,495,025$207,998$7,504$1,107,166
75$1,561,275$131,947$0$1,125,799
76$1,631,567$49,454$0$1,169,673
77$1,706,225$0$0$1,218,671
78$1,785,609$0$0$1,272,899
79$1,870,108$0$0$1,333,544
80$1,960,150$0$0$1,398,195
81$2,056,204$0$0$1,467,192
82$2,158,784$0$0$1,540,908
83$2,268,452$0$0$1,619,751
84$2,385,823$0$0$1,704,169
85$2,511,576$0$0$1,794,652
86$2,646,451$0$0$1,891,739
87$2,791,262$0$0$1,996,021
88$2,946,902$0$0$2,108,146
89$3,114,352$0$0$2,228,827
90$3,294,688$0$0$2,358,846
91$3,489,092$0$0$2,499,060
92$3,698,864$0$0$2,650,415
93$3,925,430$0$0$2,813,945
94$4,170,357$0$0$2,990,792
95$4,435,370$0$0$3,182,206
96$4,722,363$0$0$3,389,564
97$5,033,419$0$0$3,614,380
98$5,370,828$0$0$3,858,319
99$5,737,108$0$0$4,123,210
100$6,135,031$0$0$4,411,068