Can I retire at age 59 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$59,044$58,518$58,005$57,504$57,015$56,303
2 years$29,230$28,685$28,158$27,646$27,150$26,433
3 years$19,293$18,746$18,220$17,713$17,225$16,526
4 years$14,325$13,780$13,259$12,761$12,285$11,609
5 years$11,346$10,804$10,290$9,802$9,339$8,688
6 years$9,360$8,822$8,316$7,839$7,390$6,765
7 years$7,942$7,409$6,910$6,445$6,010$5,411
8 years$6,879$6,351$5,861$5,406$4,986$4,413
9 years$6,053$5,530$5,048$4,605$4,199$3,652
10 years$5,392$4,874$4,401$3,969$3,577$3,057
11 years$4,852$4,339$3,874$3,455$3,077$2,581
12 years$4,402$3,895$3,438$3,030$2,666$2,195
13 years$4,022$3,519$3,072$2,675$2,325$1,878
14 years$3,696$3,199$2,760$2,375$2,038$1,614
15 years$3,414$2,922$2,492$2,118$1,794$1,393
16 years$3,168$2,681$2,259$1,896$1,586$1,206
17 years$2,950$2,469$2,056$1,704$1,406$1,048
18 years$2,757$2,282$1,877$1,535$1,250$912
19 years$2,585$2,115$1,718$1,387$1,114$796
20 years$2,430$1,965$1,577$1,257$995$696
21 years$2,290$1,830$1,450$1,140$891$609
22 years$2,163$1,709$1,337$1,037$799$534
23 years$2,047$1,598$1,234$944$717$468
24 years$1,941$1,497$1,141$861$644$411
25 years$1,843$1,405$1,057$787$580$362
26 years$1,754$1,321$981$719$522$318
27 years$1,671$1,243$911$658$471$280
28 years$1,594$1,171$846$603$425$247
29 years$1,522$1,105$788$553$384$218
30 years$1,455$1,043$734$508$347$192
31 years$1,393$986$684$466$313$169
32 years$1,335$933$638$428$283$150
33 years$1,280$884$596$394$257$132
34 years$1,229$838$557$363$232$117
35 years$1,181$795$521$334$210$103
36 years$1,136$754$487$307$191$91
37 years$1,093$716$456$283$173$80
38 years$1,052$681$427$261$157$71
39 years$1,014$647$400$241$142$63
40 years$978$616$375$222$129$56
41 years$943$586$351$205$117$49
42 years$910$558$330$189$106$43
43 years$879$532$309$174$96$38
44 years$850$507$290$161$87$34
45 years$821$484$273$149$79$30
46 years$794$461$256$137$72$27
47 years$769$440$241$127$65$24
48 years$744$420$226$117$59$21
49 years$721$401$213$108$54$18
50 years$698$383$200$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $715,000, adding $3,542 every year, while hoping to spend $48,051 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: 45/45/10 Blend
58$715,000$715,000$715,000$715,000
59$791,584$753,689$742,606$824,813
60$821,199$739,493$716,357$833,991
61$852,225$722,992$687,619$838,732
62$884,755$704,021$656,257$842,786
63$918,888$682,407$622,130$846,105
64$954,737$657,967$585,093$848,643
65$992,418$630,505$544,992$850,352
66$1,032,062$599,818$501,667$851,182
67$1,073,810$565,687$454,950$851,083
68$1,117,816$527,882$404,668$850,006
69$1,164,246$486,161$350,637$847,899
70$1,213,283$440,267$292,668$844,713
71$1,265,126$389,928$230,560$840,397
72$1,319,991$334,857$164,106$834,902
73$1,378,116$274,751$93,090$828,180
74$1,439,760$209,289$17,284$820,185
75$1,505,205$138,134$0$810,874
76$1,574,761$60,928$0$806,994
77$1,648,767$0$0$804,129
78$1,727,592$0$0$811,673
79$1,811,644$0$0$851,935
80$1,901,366$0$0$894,964
81$1,997,244$0$0$941,001
82$2,099,813$0$0$990,308
83$2,209,659$0$0$1,043,174
84$2,327,422$0$0$1,099,916
85$2,453,806$0$0$1,160,881
86$2,589,585$0$0$1,226,451
87$2,735,606$0$0$1,297,045
88$2,892,801$0$0$1,373,122
89$3,062,192$0$0$1,455,188
90$3,244,902$0$0$1,543,798
91$3,442,164$0$0$1,639,563
92$3,655,336$0$0$1,743,151
93$3,885,906$0$0$1,855,301
94$4,135,513$0$0$1,976,821
95$4,405,957$0$0$2,108,604
96$4,699,218$0$0$2,251,628
97$5,017,472$0$0$2,406,971
98$5,363,116$0$0$2,575,818
99$5,738,781$0$0$2,759,473
100$6,147,366$0$0$2,959,369