Can I retire at age 59 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$57,805$57,290$56,788$56,298$55,819$54,692
2 years$28,617$28,084$27,567$27,066$26,580$25,450
3 years$18,888$18,353$17,838$17,342$16,864$15,765
4 years$14,025$13,491$12,981$12,494$12,027$10,969
5 years$11,108$10,577$10,074$9,596$9,143$8,128
6 years$9,164$8,637$8,141$7,674$7,235$6,264
7 years$7,776$7,254$6,765$6,309$5,884$4,957
8 years$6,735$6,218$5,738$5,293$4,881$3,999
9 years$5,926$5,414$4,942$4,508$4,111$3,272
10 years$5,279$4,772$4,308$3,886$3,502$2,707
11 years$4,750$4,248$3,793$3,382$3,012$2,259
12 years$4,310$3,813$3,366$2,967$2,610$1,897
13 years$3,938$3,446$3,008$2,619$2,276$1,603
14 years$3,619$3,132$2,702$2,325$1,995$1,360
15 years$3,343$2,861$2,440$2,073$1,757$1,159
16 years$3,101$2,625$2,212$1,857$1,553$990
17 years$2,889$2,418$2,013$1,668$1,377$849
18 years$2,700$2,234$1,837$1,503$1,224$729
19 years$2,531$2,070$1,682$1,358$1,091$627
20 years$2,379$1,924$1,544$1,230$975$540
21 years$2,242$1,792$1,420$1,117$872$466
22 years$2,117$1,673$1,309$1,015$782$403
23 years$2,004$1,565$1,208$925$702$348
24 years$1,900$1,466$1,118$843$631$301
25 years$1,805$1,376$1,035$770$568$261
26 years$1,717$1,293$960$704$511$226
27 years$1,635$1,217$891$645$461$196
28 years$1,560$1,147$829$591$416$170
29 years$1,490$1,082$771$542$376$148
30 years$1,425$1,021$718$497$339$128
31 years$1,364$966$670$456$307$111
32 years$1,307$914$625$419$278$97
33 years$1,254$865$583$386$251$84
34 years$1,203$820$545$355$227$73
35 years$1,156$778$510$327$206$64
36 years$1,112$738$477$301$187$55
37 years$1,070$701$446$277$169$48
38 years$1,030$666$418$256$153$42
39 years$993$634$391$236$139$36
40 years$957$603$367$217$126$32
41 years$923$574$344$201$114$28
42 years$891$547$323$185$104$24
43 years$861$521$303$171$94$21
44 years$832$496$284$158$86$18
45 years$804$473$267$146$78$16
46 years$778$452$251$135$70$14
47 years$753$431$236$124$64$12
48 years$728$411$221$115$58$10
49 years$705$393$208$106$53$9
50 years$683$375$196$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $700,000, adding $2,104 every year, while hoping to spend $36,903 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: 76/19/5 Blend
58$700,000$700,000$700,000$700,000
59$773,570$736,470$725,620$831,971
60$813,210$733,293$710,664$867,431
61$855,656$728,723$693,970$901,316
62$901,156$722,653$675,441$937,369
63$949,981$714,970$654,975$975,788
64$1,002,428$705,553$632,466$1,016,794
65$1,058,825$694,274$607,803$1,060,629
66$1,119,530$680,999$580,869$1,107,561
67$1,184,937$665,583$551,544$1,157,885
68$1,255,479$647,875$519,699$1,211,926
69$1,331,632$627,714$485,202$1,270,045
70$1,413,916$604,930$447,915$1,332,637
71$1,502,907$579,344$407,691$1,400,139
72$1,599,236$550,763$364,381$1,473,036
73$1,703,596$518,988$317,825$1,551,859
74$1,816,749$483,805$267,859$1,637,197
75$1,939,534$444,989$214,309$1,729,698
76$2,072,875$402,301$156,997$1,830,077
77$2,217,784$355,490$95,732$1,939,126
78$2,375,379$304,290$30,320$2,057,715
79$2,546,887$248,419$0$2,186,807
80$2,733,659$187,581$0$2,329,570
81$2,937,182$121,463$0$2,486,931
82$3,159,092$49,732$0$2,658,575
83$3,401,189$0$0$2,845,942
84$3,665,457$0$0$3,056,464
85$3,954,076$0$0$3,297,766
86$4,269,450$0$0$3,561,460
87$4,614,220$0$0$3,849,763
88$4,991,300$0$0$4,165,111
89$5,403,895$0$0$4,510,188
90$5,855,534$0$0$4,887,951
91$6,350,104$0$0$5,301,654
92$6,891,886$0$0$5,754,881
93$7,485,592$0$0$6,251,580
94$8,136,415$0$0$6,796,098
95$8,850,071$0$0$7,393,222
96$9,632,858$0$0$8,048,227
97$10,491,712$0$0$8,766,920
98$11,434,272$0$0$9,555,700
99$12,468,955$0$0$10,421,614
100$13,605,029$0$0$11,372,426