Can I retire at age 59 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$59,374$58,845$58,329$57,826$57,334$55,388
2 years$29,393$28,846$28,315$27,801$27,302$25,361
3 years$19,401$18,851$18,322$17,812$17,321$15,446
4 years$14,406$13,858$13,334$12,833$12,354$10,559
5 years$11,409$10,864$10,347$9,857$9,391$7,681
6 years$9,412$8,872$8,362$7,883$7,431$5,807
7 years$7,987$7,450$6,949$6,481$6,043$4,506
8 years$6,918$6,386$5,893$5,436$5,014$3,561
9 years$6,087$5,560$5,076$4,631$4,222$2,853
10 years$5,422$4,901$4,425$3,992$3,597$2,309
11 years$4,879$4,363$3,896$3,474$3,094$1,884
12 years$4,427$3,916$3,458$3,047$2,681$1,547
13 years$4,044$3,539$3,089$2,690$2,338$1,276
14 years$3,717$3,217$2,776$2,388$2,049$1,057
15 years$3,433$2,939$2,506$2,130$1,805$879
16 years$3,185$2,696$2,272$1,907$1,595$732
17 years$2,967$2,483$2,067$1,713$1,414$612
18 years$2,773$2,295$1,887$1,544$1,257$512
19 years$2,600$2,127$1,728$1,395$1,121$429
20 years$2,444$1,976$1,586$1,264$1,001$360
21 years$2,303$1,841$1,459$1,147$896$302
22 years$2,175$1,718$1,344$1,043$803$254
23 years$2,058$1,607$1,241$950$721$214
24 years$1,952$1,506$1,148$866$648$180
25 years$1,854$1,413$1,063$791$583$152
26 years$1,763$1,328$986$723$525$128
27 years$1,680$1,250$916$662$473$108
28 years$1,602$1,178$851$607$427$91
29 years$1,531$1,111$792$556$386$77
30 years$1,464$1,049$738$510$349$65
31 years$1,401$992$688$469$315$55
32 years$1,342$939$642$431$285$46
33 years$1,288$889$599$396$258$39
34 years$1,236$842$560$365$234$33
35 years$1,188$799$523$336$212$28
36 years$1,142$758$490$309$192$23
37 years$1,099$720$458$285$174$20
38 years$1,058$684$429$262$157$17
39 years$1,020$651$402$242$143$14
40 years$983$619$377$223$130$12
41 years$948$589$353$206$118$10
42 years$915$561$332$190$107$8
43 years$884$535$311$175$97$7
44 years$854$510$292$162$88$6
45 years$826$486$274$150$80$5
46 years$799$464$258$138$72$4
47 years$773$443$242$128$66$4
48 years$748$423$227$118$60$3
49 years$725$404$214$109$54$3
50 years$702$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $719,000, adding $3,651 every year, while hoping to spend $54,940 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: 76/9/15 Blend
58$719,000$719,000$719,000$719,000
59$796,104$757,997$746,853$853,769
60$818,851$736,683$713,416$871,035
61$842,077$712,484$677,019$882,720
62$865,772$685,199$637,502$894,028
63$889,925$654,618$594,703$904,905
64$914,521$620,518$548,449$915,290
65$939,541$582,662$498,561$925,118
66$964,963$540,801$444,851$934,318
67$990,760$494,671$387,125$942,812
68$1,016,900$443,993$325,176$950,516
69$1,043,347$388,471$258,793$957,338
70$1,070,057$327,795$187,751$963,179
71$1,096,981$261,635$111,819$967,929
72$1,124,061$189,643$30,752$971,470
73$1,151,231$111,452$0$973,673
74$1,178,417$26,674$0$983,324
75$1,205,534$0$0$997,176
76$1,232,484$0$0$1,016,630
77$1,259,159$0$0$1,038,479
78$1,285,435$0$0$1,059,979
79$1,311,173$0$0$1,081,012
80$1,336,217$0$0$1,101,448
81$1,360,392$0$0$1,121,138
82$1,383,501$0$0$1,139,919
83$1,405,324$0$0$1,157,604
84$1,425,615$0$0$1,173,987
85$1,444,099$0$0$1,188,839
86$1,460,471$0$0$1,201,901
87$1,474,389$0$0$1,212,887
88$1,485,472$0$0$1,221,478
89$1,493,297$0$0$1,227,319
90$1,497,394$0$0$1,230,015
91$1,497,240$0$0$1,229,127
92$1,492,255$0$0$1,224,170
93$1,481,793$0$0$1,214,601
94$1,465,140$0$0$1,199,821
95$1,441,503$0$0$1,179,166
96$1,410,003$0$0$1,151,898
97$1,369,666$0$0$1,117,201
98$1,319,414$0$0$1,074,171
99$1,258,053$0$0$1,021,808
100$1,184,260$0$0$959,002