Can I retire at age 59 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$62,182$61,628$61,088$60,560$60,045$58,146
2 years$30,783$30,210$29,654$29,116$28,593$26,697
3 years$20,318$19,742$19,188$18,655$18,141$16,307
4 years$15,087$14,513$13,964$13,440$12,938$11,181
5 years$11,949$11,378$10,837$10,323$9,835$8,160
6 years$9,857$9,291$8,758$8,255$7,782$6,189
7 years$8,364$7,803$7,278$6,787$6,329$4,819
8 years$7,245$6,688$6,172$5,694$5,251$3,822
9 years$6,375$5,823$5,316$4,850$4,422$3,073
10 years$5,679$5,133$4,635$4,180$3,768$2,497
11 years$5,110$4,570$4,080$3,638$3,240$2,045
12 years$4,636$4,101$3,621$3,191$2,808$1,685
13 years$4,236$3,707$3,235$2,817$2,449$1,396
14 years$3,893$3,369$2,907$2,501$2,146$1,162
15 years$3,596$3,078$2,624$2,230$1,890$970
16 years$3,336$2,824$2,379$1,997$1,670$812
17 years$3,107$2,601$2,165$1,794$1,481$681
18 years$2,904$2,403$1,977$1,617$1,317$572
19 years$2,722$2,227$1,809$1,461$1,174$482
20 years$2,559$2,070$1,661$1,323$1,048$406
21 years$2,412$1,928$1,527$1,201$938$343
22 years$2,278$1,799$1,408$1,092$841$290
23 years$2,156$1,683$1,300$995$755$245
24 years$2,044$1,577$1,202$907$678$207
25 years$1,941$1,480$1,113$828$611$175
26 years$1,847$1,391$1,033$757$550$148
27 years$1,759$1,309$959$693$496$126
28 years$1,678$1,233$891$635$447$106
29 years$1,603$1,164$830$583$404$90
30 years$1,533$1,099$773$535$365$77
31 years$1,467$1,039$720$491$330$65
32 years$1,406$983$672$451$299$55
33 years$1,349$931$628$415$270$47
34 years$1,295$882$586$382$245$40
35 years$1,244$837$548$351$222$34
36 years$1,196$794$513$324$201$29
37 years$1,151$754$480$298$182$24
38 years$1,108$717$449$275$165$21
39 years$1,068$682$421$253$150$17
40 years$1,029$649$395$234$136$15
41 years$993$617$370$216$123$13
42 years$959$588$347$199$112$11
43 years$926$560$326$184$101$9
44 years$895$534$306$170$92$8
45 years$865$509$287$157$84$7
46 years$837$486$270$145$76$6
47 years$809$464$253$134$69$5
48 years$784$443$238$124$63$4
49 years$759$423$224$114$57$3
50 years$735$404$210$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $753,000, adding $3,651 every year, while hoping to spend $43,563 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: 56/20/24 Blend
58$753,000$753,000$753,000$753,000
59$833,572$793,663$781,992$874,607
60$872,246$786,202$761,838$895,666
61$913,404$776,915$739,548$913,698
62$957,254$765,667$715,006$932,425
63$1,004,024$752,314$688,089$951,926
64$1,053,962$736,705$658,667$972,291
65$1,107,340$718,678$626,607$993,621
66$1,164,459$698,063$591,768$1,016,031
67$1,225,644$674,679$554,003$1,039,649
68$1,291,257$648,335$513,159$1,064,618
69$1,361,690$618,829$469,075$1,091,099
70$1,437,378$585,947$421,585$1,119,274
71$1,518,795$549,463$370,512$1,149,345
72$1,606,463$509,137$315,675$1,181,539
73$1,700,955$464,717$256,883$1,216,108
74$1,802,900$415,936$193,936$1,253,336
75$1,912,989$362,510$126,626$1,293,539
76$2,031,983$304,142$54,736$1,337,070
77$2,160,715$240,515$0$1,384,320
78$2,300,105$171,297$0$1,441,359
79$2,451,161$96,136$0$1,518,368
80$2,614,992$14,660$0$1,601,922
81$2,792,820$0$0$1,692,693
82$2,985,985$0$0$1,807,600
83$3,195,965$0$0$1,936,077
84$3,424,383$0$0$2,075,898
85$3,673,027$0$0$2,228,164
86$3,943,861$0$0$2,394,087
87$4,239,051$0$0$2,575,003
88$4,560,977$0$0$2,772,378
89$4,912,259$0$0$2,987,829
90$5,295,784$0$0$3,223,136
91$5,714,726$0$0$3,480,256
92$6,172,582$0$0$3,761,346
93$6,673,199$0$0$4,068,779
94$7,220,817$0$0$4,405,169
95$7,820,101$0$0$4,773,394
96$8,476,189$0$0$5,176,624
97$9,194,738$0$0$5,618,348
98$9,981,980$0$0$6,102,409
99$10,844,776$0$0$6,633,041
100$11,790,683$0$0$7,214,906