Can I retire at age 59 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,099$61,546$61,007$60,480$59,966$58,659
2 years$30,742$30,170$29,615$29,077$28,555$27,245
3 years$20,291$19,716$19,163$18,630$18,116$16,844
4 years$15,067$14,494$13,946$13,422$12,921$11,696
5 years$11,933$11,363$10,822$10,309$9,822$8,649
6 years$9,844$9,279$8,746$8,244$7,772$6,650
7 years$8,353$7,792$7,268$6,778$6,321$5,252
8 years$7,235$6,679$6,164$5,686$5,244$4,227
9 years$6,366$5,816$5,309$4,843$4,416$3,450
10 years$5,671$5,126$4,628$4,175$3,763$2,847
11 years$5,103$4,564$4,075$3,633$3,236$2,369
12 years$4,630$4,096$3,616$3,187$2,804$1,986
13 years$4,230$3,702$3,231$2,814$2,445$1,673
14 years$3,888$3,365$2,903$2,498$2,144$1,416
15 years$3,591$3,074$2,621$2,227$1,887$1,203
16 years$3,332$2,820$2,376$1,994$1,668$1,025
17 years$3,103$2,597$2,162$1,792$1,479$876
18 years$2,900$2,400$1,974$1,615$1,315$750
19 years$2,719$2,224$1,807$1,459$1,172$643
20 years$2,556$2,067$1,658$1,322$1,047$553
21 years$2,409$1,925$1,525$1,199$937$475
22 years$2,275$1,797$1,406$1,091$840$409
23 years$2,153$1,681$1,298$993$754$353
24 years$2,041$1,575$1,201$906$678$305
25 years$1,939$1,478$1,112$827$610$263
26 years$1,844$1,389$1,031$756$549$227
27 years$1,757$1,307$958$692$495$196
28 years$1,676$1,232$890$634$447$170
29 years$1,601$1,162$828$582$403$147
30 years$1,531$1,097$772$534$365$127
31 years$1,465$1,037$719$490$330$110
32 years$1,404$982$671$451$298$95
33 years$1,347$930$627$414$270$83
34 years$1,293$881$586$381$244$71
35 years$1,242$836$547$351$221$62
36 years$1,194$793$512$323$200$54
37 years$1,149$753$479$298$182$47
38 years$1,107$716$449$275$165$40
39 years$1,066$681$421$253$149$35
40 years$1,028$648$394$233$135$30
41 years$992$617$370$215$123$26
42 years$957$587$347$199$112$23
43 years$925$559$325$184$101$20
44 years$893$533$305$169$92$17
45 years$864$509$287$156$83$15
46 years$835$485$269$145$76$13
47 years$808$463$253$134$69$11
48 years$783$442$238$123$62$10
49 years$758$422$224$114$57$8
50 years$734$403$210$105$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $752,000, adding $4,401 every year, while hoping to spend $25,269 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: 62/20/18 Blend
58$752,000$752,000$752,000$752,000
59$833,244$793,388$781,732$880,825
60$891,348$805,378$781,034$925,395
61$954,533$817,108$779,465$970,801
62$1,023,289$828,540$776,971$1,019,781
63$1,098,157$839,631$773,492$1,072,685
64$1,179,732$850,336$768,967$1,129,898
65$1,268,668$860,606$763,331$1,191,845
66$1,365,688$870,391$756,518$1,258,996
67$1,471,583$879,635$748,456$1,331,868
68$1,587,227$888,280$739,072$1,411,032
69$1,713,582$896,263$728,289$1,497,117
70$1,851,705$903,518$716,024$1,590,818
71$2,002,762$909,973$702,194$1,692,898
72$2,168,035$915,553$686,709$1,804,204
73$2,348,937$920,179$669,477$1,925,666
74$2,547,024$923,763$650,400$2,058,310
75$2,764,009$926,215$629,376$2,203,269
76$3,001,777$927,439$606,300$2,361,793
77$3,262,407$927,332$581,059$2,535,257
78$3,548,186$925,785$553,538$2,725,182
79$3,861,635$922,682$523,615$2,933,242
80$4,205,528$917,900$491,163$3,161,284
81$4,582,924$911,309$456,049$3,411,346
82$4,997,190$902,771$418,134$3,685,673
83$5,452,035$892,139$377,274$3,986,742
84$5,951,547$879,257$333,316$4,317,285
85$6,500,225$863,962$286,103$4,680,313
86$7,103,030$846,078$235,469$5,079,147
87$7,765,424$825,421$181,243$5,517,450
88$8,493,426$801,795$123,243$5,999,258
89$9,293,666$774,993$61,282$6,529,024
90$10,173,448$744,796$0$7,111,655
91$11,140,821$710,972$0$7,753,495
92$12,204,650$673,276$0$8,472,200
93$13,374,706$631,447$0$9,262,609
94$14,661,750$585,212$0$10,132,017
95$16,077,642$534,281$0$11,088,466
96$17,635,447$478,347$0$12,140,817
97$19,349,562$417,085$0$13,298,839
98$21,235,848$350,153$0$14,573,298
99$23,311,784$277,189$0$15,976,058
100$25,596,625$197,811$0$17,520,196