Can I retire at age 59 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$58,879$58,354$57,843$57,343$56,856$55,845
2 years$29,148$28,605$28,079$27,569$27,074$26,059
3 years$19,239$18,694$18,169$17,664$17,177$16,189
4 years$14,285$13,742$13,222$12,726$12,251$11,298
5 years$11,314$10,774$10,261$9,775$9,313$8,398
6 years$9,334$8,798$8,292$7,817$7,369$6,493
7 years$7,920$7,388$6,891$6,427$5,993$5,156
8 years$6,860$6,333$5,844$5,391$4,972$4,174
9 years$6,036$5,514$5,034$4,592$4,187$3,428
10 years$5,377$4,860$4,388$3,958$3,567$2,846
11 years$4,839$4,327$3,863$3,445$3,068$2,384
12 years$4,390$3,884$3,429$3,022$2,659$2,010
13 years$4,011$3,510$3,063$2,668$2,318$1,705
14 years$3,686$3,190$2,752$2,368$2,032$1,453
15 years$3,405$2,914$2,485$2,112$1,789$1,243
16 years$3,159$2,674$2,253$1,891$1,582$1,067
17 years$2,942$2,462$2,050$1,699$1,402$918
18 years$2,750$2,275$1,872$1,531$1,247$792
19 years$2,578$2,109$1,713$1,384$1,111$684
20 years$2,423$1,960$1,572$1,253$993$592
21 years$2,284$1,825$1,446$1,137$888$513
22 years$2,157$1,704$1,333$1,034$796$446
23 years$2,041$1,594$1,231$942$715$387
24 years$1,935$1,493$1,138$859$642$337
25 years$1,838$1,401$1,054$784$578$293
26 years$1,749$1,317$978$717$521$255
27 years$1,666$1,239$908$656$469$222
28 years$1,589$1,168$844$601$424$194
29 years$1,518$1,102$785$552$383$169
30 years$1,451$1,040$732$506$346$148
31 years$1,389$984$682$465$312$129
32 years$1,331$931$636$427$283$112
33 years$1,277$881$594$393$256$98
34 years$1,226$835$555$361$232$86
35 years$1,178$792$519$333$210$75
36 years$1,132$752$486$306$190$65
37 years$1,090$714$454$282$172$57
38 years$1,049$679$426$260$156$50
39 years$1,011$645$399$240$142$44
40 years$975$614$374$221$128$38
41 years$940$585$350$204$117$33
42 years$908$557$329$188$106$29
43 years$877$530$308$174$96$26
44 years$847$506$290$161$87$22
45 years$819$482$272$148$79$20
46 years$792$460$255$137$72$17
47 years$766$439$240$127$65$15
48 years$742$419$225$117$59$13
49 years$719$400$212$108$54$11
50 years$696$382$199$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $713,000, adding $3,852 every year, while hoping to spend $23,266 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: 46/46/8 Blend
58$713,000$713,000$713,000$713,000
59$789,699$751,910$740,859$824,109
60$845,494$763,999$740,923$860,303
61$906,200$775,900$740,209$896,816
62$972,293$787,581$738,667$935,887
63$1,044,298$799,003$736,244$977,759
64$1,122,792$810,130$732,884$1,022,702
65$1,208,410$820,919$728,528$1,071,014
66$1,301,850$831,327$723,116$1,123,020
67$1,403,881$841,304$716,583$1,179,085
68$1,515,351$850,802$708,863$1,239,606
69$1,637,192$859,767$699,884$1,305,024
70$1,770,429$868,139$689,574$1,375,827
71$1,916,194$875,858$677,856$1,452,551
72$2,075,729$882,859$664,648$1,535,788
73$2,250,406$889,072$649,866$1,626,192
74$2,441,733$894,422$633,422$1,724,485
75$2,651,371$898,830$615,223$1,831,465
76$2,881,151$902,212$595,173$1,948,009
77$3,133,088$904,480$573,170$2,075,088
78$3,409,401$905,538$549,109$2,213,773
79$3,712,535$905,284$522,880$2,365,245
80$4,045,183$903,613$494,366$2,530,808
81$4,410,311$900,409$463,447$2,711,901
82$4,811,187$895,553$429,996$2,910,112
83$5,251,409$888,917$393,882$3,127,193
84$5,734,943$880,364$354,967$3,365,076
85$6,266,155$869,750$313,107$3,625,894
86$6,849,859$856,923$268,152$3,912,000
87$7,491,353$841,721$219,943$4,225,991
88$8,196,478$823,972$168,319$4,570,731
89$8,971,668$803,496$113,106$4,949,378
90$9,824,010$780,099$54,128$5,365,420
91$10,761,314$753,579$0$5,822,700
92$11,792,184$723,720$0$6,326,214
93$12,926,098$690,294$0$6,884,866
94$14,173,502$653,061$0$7,499,211
95$15,545,903$611,764$0$8,174,957
96$17,055,980$566,135$0$8,918,403
97$18,717,703$515,889$0$9,736,493
98$20,546,465$460,724$0$10,636,884
99$22,559,227$400,322$0$11,628,020
100$24,774,676$334,346$0$12,719,212