Can I retire at age 59 with 752,000?

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 $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%17.3%
1 years$62,099$61,546$61,007$60,480$59,966$58,186
2 years$30,742$30,170$29,615$29,077$28,555$26,777
3 years$20,291$19,716$19,163$18,630$18,116$16,395
4 years$15,067$14,494$13,946$13,422$12,921$11,270
5 years$11,933$11,363$10,822$10,309$9,822$8,246
6 years$9,844$9,279$8,746$8,244$7,772$6,272
7 years$8,353$7,792$7,268$6,778$6,321$4,897
8 years$7,235$6,679$6,164$5,686$5,244$3,895
9 years$6,366$5,816$5,309$4,843$4,416$3,142
10 years$5,671$5,126$4,628$4,175$3,763$2,560
11 years$5,103$4,564$4,075$3,633$3,236$2,104
12 years$4,630$4,096$3,616$3,187$2,804$1,740
13 years$4,230$3,702$3,231$2,814$2,445$1,446
14 years$3,888$3,365$2,903$2,498$2,144$1,208
15 years$3,591$3,074$2,621$2,227$1,887$1,012
16 years$3,332$2,820$2,376$1,994$1,668$850
17 years$3,103$2,597$2,162$1,792$1,479$716
18 years$2,900$2,400$1,974$1,615$1,315$604
19 years$2,719$2,224$1,807$1,459$1,172$510
20 years$2,556$2,067$1,658$1,322$1,047$432
21 years$2,409$1,925$1,525$1,199$937$366
22 years$2,275$1,797$1,406$1,091$840$310
23 years$2,153$1,681$1,298$993$754$263
24 years$2,041$1,575$1,201$906$678$223
25 years$1,939$1,478$1,112$827$610$190
26 years$1,844$1,389$1,031$756$549$161
27 years$1,757$1,307$958$692$495$137
28 years$1,676$1,232$890$634$447$117
29 years$1,601$1,162$828$582$403$99
30 years$1,531$1,097$772$534$365$85
31 years$1,465$1,037$719$490$330$72
32 years$1,404$982$671$451$298$61
33 years$1,347$930$627$414$270$52
34 years$1,293$881$586$381$244$45
35 years$1,242$836$547$351$221$38
36 years$1,194$793$512$323$200$32
37 years$1,149$753$479$298$182$28
38 years$1,107$716$449$275$165$23
39 years$1,066$681$421$253$149$20
40 years$1,028$648$394$233$135$17
41 years$992$617$370$215$123$15
42 years$957$587$347$199$112$12
43 years$925$559$325$184$101$11
44 years$893$533$305$169$92$9
45 years$864$509$287$156$83$8
46 years$835$485$269$145$76$7
47 years$808$463$253$134$69$6
48 years$783$442$238$123$62$5
49 years$758$422$224$114$57$4
50 years$734$403$210$105$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $752,000, adding $2,675 every year, while hoping to spend $37,071 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: 64/23/13 Blend
58$752,000$752,000$752,000$752,000
59$831,463$791,607$779,951$881,973
60$876,829$790,953$766,636$915,436
61$925,580$789,024$751,633$947,438
62$978,022$785,719$734,845$981,475
63$1,034,491$780,929$716,173$1,017,744
64$1,095,356$774,542$695,512$1,056,465
65$1,161,023$766,435$672,752$1,097,878
66$1,231,937$756,480$647,779$1,142,253
67$1,308,588$744,541$620,473$1,189,885
68$1,391,513$730,473$590,708$1,241,102
69$1,481,304$714,123$558,354$1,296,267
70$1,578,612$695,329$523,273$1,355,781
71$1,684,150$673,921$485,323$1,420,089
72$1,798,706$649,716$444,354$1,489,680
73$1,923,145$622,522$400,210$1,565,097
74$2,058,416$592,136$352,728$1,646,941
75$2,205,567$558,343$301,737$1,735,875
76$2,365,749$520,916$247,059$1,832,632
77$2,540,228$479,614$188,509$1,938,022
78$2,730,400$434,183$125,892$2,052,943
79$2,937,798$384,355$59,006$2,178,384
80$3,164,110$329,846$0$2,315,439
81$3,411,197$270,355$0$2,467,034
82$3,681,102$205,567$0$2,641,634
83$3,976,081$135,145$0$2,832,554
84$4,298,611$58,737$0$3,041,458
85$4,651,424$0$0$3,270,181
86$5,037,526$0$0$3,526,830
87$5,460,228$0$0$3,824,133
88$5,923,175$0$0$4,149,794
89$6,430,381$0$0$4,506,644
90$6,986,268$0$0$4,897,800
91$7,595,706$0$0$5,326,696
92$8,264,057$0$0$5,797,112
93$8,997,227$0$0$6,313,215
94$9,801,723$0$0$6,879,591
95$10,684,712$0$0$7,501,294
96$11,654,086$0$0$8,183,890
97$12,718,542$0$0$8,933,511
98$13,887,658$0$0$9,756,912
99$15,171,987$0$0$10,661,533
100$16,583,152$0$0$11,655,572