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%12.5%
1 years$62,265$61,710$61,169$60,641$60,125$59,497
2 years$30,824$30,250$29,694$29,154$28,631$27,999
3 years$20,345$19,769$19,214$18,679$18,165$17,548
4 years$15,107$14,532$13,983$13,457$12,955$12,358
5 years$11,965$11,393$10,851$10,337$9,848$9,273
6 years$9,871$9,304$8,769$8,266$7,793$7,240
7 years$8,375$7,813$7,287$6,796$6,338$5,807
8 years$7,254$6,697$6,180$5,701$5,258$4,750
9 years$6,383$5,831$5,323$4,856$4,428$3,942
10 years$5,686$5,140$4,641$4,186$3,773$3,309
11 years$5,117$4,576$4,086$3,643$3,245$2,803
12 years$4,642$4,107$3,626$3,195$2,812$2,391
13 years$4,241$3,711$3,240$2,821$2,452$2,052
14 years$3,898$3,374$2,911$2,504$2,149$1,770
15 years$3,600$3,082$2,628$2,233$1,892$1,533
16 years$3,341$2,828$2,383$2,000$1,672$1,332
17 years$3,111$2,604$2,168$1,797$1,483$1,161
18 years$2,908$2,406$1,979$1,619$1,319$1,014
19 years$2,726$2,230$1,812$1,463$1,175$888
20 years$2,563$2,072$1,663$1,325$1,050$779
21 years$2,415$1,930$1,530$1,203$939$685
22 years$2,281$1,802$1,410$1,093$842$602
23 years$2,159$1,685$1,302$996$756$531
24 years$2,047$1,579$1,204$908$679$468
25 years$1,944$1,482$1,115$829$611$413
26 years$1,849$1,393$1,034$758$551$365
27 years$1,762$1,311$960$694$496$323
28 years$1,681$1,235$893$636$448$285
29 years$1,605$1,165$831$583$405$253
30 years$1,535$1,100$774$535$366$224
31 years$1,469$1,040$721$492$330$198
32 years$1,408$984$673$452$299$176
33 years$1,350$932$628$415$271$156
34 years$1,296$883$587$382$245$138
35 years$1,245$838$549$352$222$123
36 years$1,198$795$514$324$201$109
37 years$1,152$755$481$299$182$96
38 years$1,110$718$450$275$165$86
39 years$1,069$683$422$254$150$76
40 years$1,031$649$395$234$136$67
41 years$994$618$371$216$123$60
42 years$960$589$348$199$112$53
43 years$927$561$326$184$101$47
44 years$896$535$306$170$92$42
45 years$866$510$288$157$84$37
46 years$838$486$270$145$76$33
47 years$811$464$254$134$69$29
48 years$785$443$238$124$63$26
49 years$760$423$224$114$57$23
50 years$736$404$211$106$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $754,000, adding $6,627 every year, while hoping to spend $49,038 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: 54/32/14 Blend
58$754,000$754,000$754,000$754,000
59$837,744$797,782$786,095$879,548
60$871,018$784,697$760,253$895,670
61$906,042$769,328$731,902$907,375
62$942,943$751,510$700,906$918,996
63$981,860$731,070$667,122$930,537
64$1,022,942$707,825$630,403$942,005
65$1,066,354$681,580$590,594$953,409
66$1,112,275$652,131$547,531$964,764
67$1,160,900$619,258$501,047$976,088
68$1,212,442$582,733$450,963$987,407
69$1,267,136$542,311$397,095$998,750
70$1,325,236$497,736$339,249$1,010,156
71$1,387,021$448,736$277,225$1,021,669
72$1,452,796$395,023$210,811$1,033,345
73$1,522,895$336,293$139,787$1,045,249
74$1,597,685$272,226$63,925$1,057,458
75$1,677,567$202,483$0$1,070,062
76$1,762,979$126,705$0$1,085,712
77$1,854,403$44,514$0$1,112,340
78$1,952,369$0$0$1,140,568
79$2,057,455$0$0$1,186,265
80$2,170,296$0$0$1,252,215
81$2,291,591$0$0$1,323,158
82$2,422,106$0$0$1,399,548
83$2,562,682$0$0$1,481,886
84$2,714,243$0$0$1,570,718
85$2,877,803$0$0$1,666,649
86$3,054,478$0$0$1,770,339
87$3,245,492$0$0$1,882,517
88$3,452,192$0$0$2,003,983
89$3,676,059$0$0$2,135,616
90$3,918,721$0$0$2,278,383
91$4,181,967$0$0$2,433,348
92$4,467,765$0$0$2,601,680
93$4,778,281$0$0$2,784,666
94$5,115,895$0$0$2,983,722
95$5,483,229$0$0$3,200,404
96$5,883,164$0$0$3,436,427
97$6,318,873$0$0$3,693,676
98$6,793,846$0$0$3,974,227
99$7,311,926$0$0$4,280,363
100$7,877,340$0$0$4,614,599