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%11.3%
1 years$62,265$61,710$61,169$60,641$60,125$59,796
2 years$30,824$30,250$29,694$29,154$28,631$28,299
3 years$20,345$19,769$19,214$18,679$18,165$17,840
4 years$15,107$14,532$13,983$13,457$12,955$12,641
5 years$11,965$11,393$10,851$10,337$9,848$9,544
6 years$9,871$9,304$8,769$8,266$7,793$7,500
7 years$8,375$7,813$7,287$6,796$6,338$6,056
8 years$7,254$6,697$6,180$5,701$5,258$4,987
9 years$6,383$5,831$5,323$4,856$4,428$4,169
10 years$5,686$5,140$4,641$4,186$3,773$3,525
11 years$5,117$4,576$4,086$3,643$3,245$3,007
12 years$4,642$4,107$3,626$3,195$2,812$2,585
13 years$4,241$3,711$3,240$2,821$2,452$2,236
14 years$3,898$3,374$2,911$2,504$2,149$1,944
15 years$3,600$3,082$2,628$2,233$1,892$1,697
16 years$3,341$2,828$2,383$2,000$1,672$1,487
17 years$3,111$2,604$2,168$1,797$1,483$1,306
18 years$2,908$2,406$1,979$1,619$1,319$1,151
19 years$2,726$2,230$1,812$1,463$1,175$1,017
20 years$2,563$2,072$1,663$1,325$1,050$900
21 years$2,415$1,930$1,530$1,203$939$798
22 years$2,281$1,802$1,410$1,093$842$708
23 years$2,159$1,685$1,302$996$756$630
24 years$2,047$1,579$1,204$908$679$560
25 years$1,944$1,482$1,115$829$611$499
26 years$1,849$1,393$1,034$758$551$445
27 years$1,762$1,311$960$694$496$397
28 years$1,681$1,235$893$636$448$355
29 years$1,605$1,165$831$583$405$317
30 years$1,535$1,100$774$535$366$284
31 years$1,469$1,040$721$492$330$254
32 years$1,408$984$673$452$299$227
33 years$1,350$932$628$415$271$203
34 years$1,296$883$587$382$245$182
35 years$1,245$838$549$352$222$163
36 years$1,198$795$514$324$201$146
37 years$1,152$755$481$299$182$131
38 years$1,110$718$450$275$165$118
39 years$1,069$683$422$254$150$105
40 years$1,031$649$395$234$136$95
41 years$994$618$371$216$123$85
42 years$960$589$348$199$112$76
43 years$927$561$326$184$101$68
44 years$896$535$306$170$92$61
45 years$866$510$288$157$84$55
46 years$838$486$270$145$76$49
47 years$811$464$254$134$69$44
48 years$785$443$238$124$63$40
49 years$760$423$224$114$57$36
50 years$736$404$211$106$52$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $754,000, adding $5,359 every year, while hoping to spend $43,860 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: 44/39/17 Blend
58$754,000$754,000$754,000$754,000
59$836,436$796,474$784,787$868,914
60$875,086$788,834$764,410$884,587
61$916,208$779,351$741,882$896,790
62$960,008$767,886$717,082$909,086
63$1,006,711$754,295$689,887$921,503
64$1,056,566$738,425$660,167$934,074
65$1,109,841$720,113$627,789$946,842
66$1,166,833$699,188$592,608$959,854
67$1,227,869$675,466$554,479$973,168
68$1,293,303$648,756$513,246$986,852
69$1,363,528$618,853$468,747$1,000,982
70$1,438,972$585,541$420,815$1,015,649
71$1,520,107$548,592$369,272$1,030,957
72$1,607,450$507,766$313,935$1,047,028
73$1,701,570$462,806$254,611$1,063,996
74$1,803,089$413,443$191,100$1,082,021
75$1,912,695$359,392$123,193$1,101,281
76$2,031,139$300,351$50,669$1,121,979
77$2,159,251$236,004$0$1,144,348
78$2,297,939$166,012$0$1,173,496
79$2,448,204$90,022$0$1,214,996
80$2,611,146$7,659$0$1,260,027
81$2,787,975$0$0$1,309,013
82$2,980,021$0$0$1,397,393
83$3,188,748$0$0$1,497,102
84$3,415,765$0$0$1,605,633
85$3,662,843$0$0$1,723,842
86$3,931,931$0$0$1,852,673
87$4,225,174$0$0$1,993,165
88$4,544,931$0$0$2,146,459
89$4,893,800$0$0$2,313,815
90$5,274,641$0$0$2,496,615
91$5,690,600$0$0$2,696,385
92$6,145,142$0$0$2,914,803
93$6,642,081$0$0$3,153,716
94$7,185,618$0$0$3,415,159
95$7,780,376$0$0$3,701,372
96$8,431,446$0$0$4,014,821
97$9,144,437$0$0$4,358,223
98$9,925,521$0$0$4,734,569
99$10,781,498$0$0$5,147,155
100$11,719,859$0$0$5,599,609