Can I retire at age 59 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,265$61,710$61,169$60,641$60,125$59,547
2 years$30,824$30,250$29,694$29,154$28,631$28,048
3 years$20,345$19,769$19,214$18,679$18,165$17,596
4 years$15,107$14,532$13,983$13,457$12,955$12,405
5 years$11,965$11,393$10,851$10,337$9,848$9,318
6 years$9,871$9,304$8,769$8,266$7,793$7,282
7 years$8,375$7,813$7,287$6,796$6,338$5,848
8 years$7,254$6,697$6,180$5,701$5,258$4,789
9 years$6,383$5,831$5,323$4,856$4,428$3,979
10 years$5,686$5,140$4,641$4,186$3,773$3,344
11 years$5,117$4,576$4,086$3,643$3,245$2,836
12 years$4,642$4,107$3,626$3,195$2,812$2,423
13 years$4,241$3,711$3,240$2,821$2,452$2,082
14 years$3,898$3,374$2,911$2,504$2,149$1,798
15 years$3,600$3,082$2,628$2,233$1,892$1,559
16 years$3,341$2,828$2,383$2,000$1,672$1,357
17 years$3,111$2,604$2,168$1,797$1,483$1,184
18 years$2,908$2,406$1,979$1,619$1,319$1,036
19 years$2,726$2,230$1,812$1,463$1,175$909
20 years$2,563$2,072$1,663$1,325$1,050$798
21 years$2,415$1,930$1,530$1,203$939$702
22 years$2,281$1,802$1,410$1,093$842$619
23 years$2,159$1,685$1,302$996$756$546
24 years$2,047$1,579$1,204$908$679$482
25 years$1,944$1,482$1,115$829$611$426
26 years$1,849$1,393$1,034$758$551$377
27 years$1,762$1,311$960$694$496$334
28 years$1,681$1,235$893$636$448$296
29 years$1,605$1,165$831$583$405$262
30 years$1,535$1,100$774$535$366$233
31 years$1,469$1,040$721$492$330$207
32 years$1,408$984$673$452$299$183
33 years$1,350$932$628$415$271$163
34 years$1,296$883$587$382$245$145
35 years$1,245$838$549$352$222$129
36 years$1,198$795$514$324$201$114
37 years$1,152$755$481$299$182$102
38 years$1,110$718$450$275$165$90
39 years$1,069$683$422$254$150$80
40 years$1,031$649$395$234$136$71
41 years$994$618$371$216$123$64
42 years$960$589$348$199$112$57
43 years$927$561$326$184$101$50
44 years$896$535$306$170$92$45
45 years$866$510$288$157$84$40
46 years$838$486$270$145$76$35
47 years$811$464$254$134$69$32
48 years$785$443$238$124$63$28
49 years$760$423$224$114$57$25
50 years$736$404$211$106$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $754,000, adding $3,580 every year, while hoping to spend $58,723 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: 56/14/30 Blend
58$754,000$754,000$754,000$754,000
59$834,601$794,639$782,952$874,230
60$857,249$771,095$746,700$878,408
61$880,240$744,430$707,265$876,599
62$903,545$714,428$664,480$873,460
63$927,133$680,862$618,166$868,883
64$950,968$643,491$568,142$862,753
65$975,005$602,060$514,213$854,947
66$999,196$556,302$456,180$845,332
67$1,023,484$505,930$393,831$833,768
68$1,047,803$450,645$326,949$820,101
69$1,072,081$390,129$255,304$804,169
70$1,096,234$324,045$178,657$785,797
71$1,120,166$252,040$96,758$764,797
72$1,143,771$173,737$9,347$740,968
73$1,166,928$88,743$0$714,093
74$1,189,501$0$0$710,807
75$1,211,339$0$0$709,448
76$1,232,271$0$0$721,166
77$1,252,104$0$0$732,168
78$1,270,626$0$0$742,321
79$1,287,598$0$0$751,478
80$1,302,753$0$0$759,472
81$1,315,794$0$0$766,119
82$1,326,391$0$0$771,213
83$1,334,174$0$0$774,525
84$1,338,735$0$0$775,802
85$1,339,618$0$0$774,760
86$1,336,317$0$0$771,087
87$1,328,272$0$0$764,434
88$1,314,859$0$0$754,416
89$1,295,387$0$0$740,604
90$1,269,092$0$0$722,524
91$1,235,124$0$0$699,651
92$1,192,543$0$0$671,403
93$1,140,310$0$0$637,136
94$1,077,272$0$0$596,137
95$1,002,155$0$0$547,617
96$913,548$0$0$490,705
97$809,892$0$0$424,435
98$689,463$0$0$347,742
99$550,354$0$0$259,447
100$390,459$0$0$158,246