Can I retire at age 59 with 709,000?

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 $709,000?

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$58,549$58,027$57,518$57,022$56,537$55,993
2 years$28,984$28,445$27,921$27,414$26,922$26,374
3 years$19,131$18,589$18,067$17,565$17,081$16,546
4 years$14,205$13,665$13,148$12,654$12,182$11,664
5 years$11,251$10,713$10,204$9,720$9,261$8,761
6 years$9,281$8,748$8,246$7,773$7,328$6,848
7 years$7,875$7,347$6,852$6,391$5,959$5,499
8 years$6,821$6,298$5,811$5,361$4,944$4,503
9 years$6,002$5,483$5,005$4,566$4,163$3,742
10 years$5,347$4,833$4,364$3,936$3,547$3,145
11 years$4,811$4,303$3,842$3,426$3,051$2,667
12 years$4,365$3,862$3,410$3,005$2,644$2,278
13 years$3,988$3,490$3,046$2,653$2,305$1,958
14 years$3,665$3,172$2,737$2,355$2,021$1,691
15 years$3,386$2,898$2,471$2,100$1,779$1,466
16 years$3,141$2,659$2,240$1,880$1,573$1,276
17 years$2,926$2,449$2,039$1,690$1,394$1,113
18 years$2,734$2,263$1,861$1,523$1,240$974
19 years$2,563$2,097$1,704$1,376$1,105$854
20 years$2,410$1,949$1,564$1,246$987$751
21 years$2,271$1,815$1,438$1,131$883$660
22 years$2,145$1,694$1,326$1,028$792$582
23 years$2,030$1,585$1,224$936$711$513
24 years$1,925$1,485$1,132$854$639$454
25 years$1,828$1,393$1,048$780$575$401
26 years$1,739$1,310$972$713$518$355
27 years$1,657$1,232$903$653$467$314
28 years$1,580$1,161$839$598$421$278
29 years$1,509$1,096$781$548$380$247
30 years$1,443$1,035$728$503$344$219
31 years$1,382$978$678$462$311$194
32 years$1,324$925$633$425$281$172
33 years$1,270$876$591$391$254$153
34 years$1,219$831$552$359$230$136
35 years$1,171$788$516$331$209$121
36 years$1,126$748$483$305$189$107
37 years$1,084$710$452$281$171$95
38 years$1,043$675$423$259$155$85
39 years$1,005$642$397$239$141$76
40 years$969$611$372$220$128$67
41 years$935$581$348$203$116$60
42 years$903$554$327$187$105$53
43 years$872$527$307$173$95$47
44 years$842$503$288$160$87$42
45 years$814$479$270$148$79$37
46 years$788$457$254$136$71$33
47 years$762$436$239$126$65$30
48 years$738$417$224$116$59$26
49 years$715$398$211$108$53$23
50 years$692$380$198$99$49$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $709,000, adding $6,959 every year, while hoping to spend $39,540 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: 74/21/5 Blend
58$709,000$709,000$709,000$709,000
59$788,496$750,919$739,930$846,031
60$826,853$745,644$722,647$879,561
61$867,796$738,785$703,460$910,563
62$911,549$730,223$682,264$943,381
63$958,354$719,832$658,947$978,179
64$1,008,480$707,477$633,395$1,015,140
65$1,062,217$693,016$605,487$1,054,466
66$1,119,889$676,299$575,096$1,096,378
67$1,181,847$657,167$542,091$1,141,123
68$1,248,478$635,450$506,333$1,188,972
69$1,320,207$610,972$467,680$1,240,224
70$1,397,500$583,542$425,979$1,295,211
71$1,480,870$552,960$381,075$1,354,298
72$1,570,880$519,017$332,802$1,417,891
73$1,668,149$481,487$280,989$1,486,434
74$1,773,355$440,135$225,458$1,560,422
75$1,887,247$394,711$166,020$1,640,400
76$2,010,645$344,951$102,481$1,726,968
77$2,144,453$290,576$34,637$1,820,793
78$2,289,665$231,292$0$1,922,607
79$2,447,372$166,786$0$2,035,237
80$2,618,776$96,731$0$2,159,667
81$2,805,200$20,780$0$2,295,048
82$3,008,097$0$0$2,442,486
83$3,229,067$0$0$2,617,398
84$3,469,872$0$0$2,813,270
85$3,732,450$0$0$3,026,882
86$4,018,933$0$0$3,259,973
87$4,331,669$0$0$3,514,455
88$4,673,242$0$0$3,792,436
89$5,046,498$0$0$4,096,236
90$5,454,569$0$0$4,428,408
91$5,900,902$0$0$4,791,764
92$6,389,296$0$0$5,189,400
93$6,923,930$0$0$5,624,724
94$7,509,409$0$0$6,101,490
95$8,150,803$0$0$6,623,832
96$8,853,696$0$0$7,196,303
97$9,624,236$0$0$7,823,916
98$10,469,196$0$0$8,512,194
99$11,396,036$0$0$9,267,219
100$12,412,971$0$0$10,095,689