Can I retire at age 59 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$59,540$59,009$58,492$57,987$57,494$56,402
2 years$29,475$28,926$28,394$27,878$27,378$26,282
3 years$19,455$18,903$18,373$17,862$17,370$16,304
4 years$14,446$13,896$13,371$12,868$12,388$11,361
5 years$11,441$10,895$10,376$9,884$9,417$8,432
6 years$9,439$8,896$8,386$7,904$7,452$6,509
7 years$8,009$7,471$6,968$6,499$6,060$5,160
8 years$6,937$6,404$5,910$5,452$5,027$4,170
9 years$6,104$5,576$5,090$4,644$4,234$3,418
10 years$5,438$4,915$4,438$4,003$3,607$2,833
11 years$4,893$4,375$3,907$3,484$3,103$2,368
12 years$4,439$3,927$3,467$3,056$2,689$1,993
13 years$4,056$3,549$3,098$2,698$2,345$1,687
14 years$3,727$3,226$2,783$2,395$2,055$1,435
15 years$3,443$2,947$2,513$2,136$1,810$1,225
16 years$3,194$2,704$2,278$1,912$1,599$1,049
17 years$2,975$2,490$2,073$1,718$1,418$901
18 years$2,781$2,301$1,893$1,548$1,261$775
19 years$2,607$2,133$1,733$1,399$1,124$668
20 years$2,450$1,982$1,590$1,267$1,004$577
21 years$2,309$1,846$1,463$1,150$898$499
22 years$2,181$1,723$1,348$1,046$805$432
23 years$2,064$1,611$1,245$952$723$375
24 years$1,957$1,510$1,151$869$650$325
25 years$1,859$1,417$1,066$793$585$282
26 years$1,768$1,332$989$725$527$245
27 years$1,685$1,253$918$664$475$213
28 years$1,607$1,181$854$608$428$185
29 years$1,535$1,114$794$558$387$161
30 years$1,468$1,052$740$512$350$140
31 years$1,405$995$690$470$316$122
32 years$1,346$941$644$432$286$106
33 years$1,291$891$601$397$259$93
34 years$1,240$845$561$366$234$81
35 years$1,191$801$525$337$212$70
36 years$1,145$760$491$310$192$61
37 years$1,102$722$460$286$174$54
38 years$1,061$686$430$263$158$47
39 years$1,022$653$403$243$143$41
40 years$986$621$378$224$130$35
41 years$951$591$354$207$118$31
42 years$918$563$332$191$107$27
43 years$887$536$312$176$97$24
44 years$857$511$293$162$88$21
45 years$828$488$275$150$80$18
46 years$801$465$258$139$73$16
47 years$775$444$243$128$66$14
48 years$750$424$228$118$60$12
49 years$727$405$214$109$54$10
50 years$704$387$201$101$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $721,000, adding $5,652 every year, while hoping to spend $58,148 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: 52/22/26 Blend
58$721,000$721,000$721,000$721,000
59$800,372$762,159$750,984$835,910
60$820,141$737,636$714,272$836,625
61$839,977$709,962$674,383$831,028
62$859,827$678,922$631,146$823,767
63$879,628$644,287$584,388$814,706
64$899,309$605,817$533,924$803,701
65$918,792$563,255$479,564$790,596
66$937,986$516,332$421,107$775,223
67$956,790$464,762$358,343$757,403
68$975,091$408,244$291,056$736,941
69$992,761$346,458$219,018$713,632
70$1,009,657$279,069$141,989$687,250
71$1,025,619$205,720$59,722$657,557
72$1,040,467$126,036$0$624,292
73$1,054,003$39,620$0$594,965
74$1,066,003$0$0$579,676
75$1,076,218$0$0$574,653
76$1,084,372$0$0$578,001
77$1,090,156$0$0$579,949
78$1,093,229$0$0$580,300
79$1,093,209$0$0$578,834
80$1,089,674$0$0$575,308
81$1,082,155$0$0$569,452
82$1,070,130$0$0$560,966
83$1,053,024$0$0$549,517
84$1,030,195$0$0$534,737
85$1,000,935$0$0$516,218
86$964,459$0$0$493,509
87$919,898$0$0$466,110
88$866,288$0$0$433,467
89$802,567$0$0$394,969
90$727,555$0$0$349,939
91$639,950$0$0$297,628
92$538,313$0$0$237,210
93$421,050$0$0$167,769
94$286,404$0$0$88,296
95$132,430$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0