Can I retire at age 59 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$59,127$58,600$58,086$57,585$57,095$56,688
2 years$29,271$28,725$28,197$27,685$27,188$26,777
3 years$19,320$18,772$18,245$17,738$17,249$16,848
4 years$14,346$13,800$13,278$12,779$12,302$11,913
5 years$11,362$10,819$10,304$9,816$9,352$8,977
6 years$9,373$8,835$8,327$7,850$7,400$7,038
7 years$7,953$7,419$6,920$6,454$6,018$5,671
8 years$6,889$6,360$5,869$5,414$4,993$4,660
9 years$6,061$5,537$5,055$4,611$4,204$3,886
10 years$5,400$4,881$4,407$3,975$3,582$3,277
11 years$4,859$4,345$3,880$3,459$3,081$2,790
12 years$4,408$3,900$3,443$3,034$2,670$2,392
13 years$4,028$3,524$3,076$2,679$2,328$2,064
14 years$3,701$3,204$2,764$2,378$2,041$1,789
15 years$3,419$2,927$2,496$2,121$1,797$1,558
16 years$3,172$2,685$2,263$1,899$1,588$1,361
17 years$2,955$2,473$2,059$1,706$1,408$1,193
18 years$2,761$2,285$1,879$1,538$1,252$1,048
19 years$2,589$2,118$1,721$1,389$1,116$923
20 years$2,433$1,968$1,579$1,258$997$815
21 years$2,293$1,833$1,452$1,142$892$720
22 years$2,166$1,711$1,339$1,038$800$637
23 years$2,050$1,600$1,236$946$718$565
24 years$1,944$1,499$1,143$862$645$501
25 years$1,846$1,407$1,059$788$581$445
26 years$1,756$1,322$982$720$523$396
27 years$1,673$1,245$912$659$471$352
28 years$1,596$1,173$848$604$425$314
29 years$1,524$1,106$789$554$384$279
30 years$1,457$1,045$735$508$347$249
31 years$1,395$988$685$467$314$222
32 years$1,337$935$639$429$284$198
33 years$1,282$885$597$395$257$177
34 years$1,231$839$558$363$233$158
35 years$1,183$796$521$334$211$141
36 years$1,137$755$488$308$191$126
37 years$1,094$717$456$284$173$112
38 years$1,054$682$427$261$157$101
39 years$1,015$648$400$241$142$90
40 years$979$617$375$222$129$80
41 years$944$587$352$205$117$72
42 years$912$559$330$189$106$64
43 years$880$533$310$175$96$57
44 years$851$508$291$161$87$51
45 years$822$484$273$149$79$46
46 years$795$462$256$138$72$41
47 years$770$441$241$127$65$37
48 years$745$421$226$117$59$33
49 years$722$402$213$109$54$29
50 years$699$384$200$100$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $716,000, adding $4,800 every year, while hoping to spend $52,302 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: 56/35/9 Blend
58$716,000$716,000$716,000$716,000
59$793,983$756,035$744,937$836,469
60$819,321$737,432$714,244$847,103
61$845,489$716,164$680,769$852,466
62$872,519$692,046$644,365$857,046
63$900,441$664,881$604,876$860,774
64$929,287$634,462$562,140$863,581
65$959,091$600,567$515,988$865,389
66$989,888$562,964$466,244$866,120
67$1,021,714$521,407$412,721$865,688
68$1,054,609$475,637$355,227$864,004
69$1,088,613$425,376$293,561$860,973
70$1,123,768$370,336$227,511$856,495
71$1,160,118$310,208$156,859$850,465
72$1,197,710$244,669$81,374$842,770
73$1,236,594$173,374$817$833,294
74$1,276,820$95,963$0$821,911
75$1,318,443$12,053$0$816,669
76$1,361,520$0$0$809,867
77$1,406,112$0$0$831,641
78$1,452,282$0$0$858,996
79$1,500,099$0$0$887,332
80$1,549,632$0$0$916,690
81$1,600,959$0$0$947,117
82$1,654,159$0$0$978,660
83$1,709,317$0$0$1,011,371
84$1,766,523$0$0$1,045,305
85$1,825,875$0$0$1,080,519
86$1,887,475$0$0$1,117,076
87$1,951,431$0$0$1,155,042
88$2,017,861$0$0$1,194,487
89$2,086,890$0$0$1,235,486
90$2,158,651$0$0$1,278,121
91$2,233,286$0$0$1,322,478
92$2,310,950$0$0$1,368,651
93$2,391,806$0$0$1,416,738
94$2,476,031$0$0$1,466,847
95$2,563,815$0$0$1,519,094
96$2,655,364$0$0$1,573,603
97$2,750,896$0$0$1,630,508
98$2,850,650$0$0$1,689,954
99$2,954,883$0$0$1,752,098
100$3,063,872$0$0$1,817,107