Can I retire at age 59 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$59,870$59,337$58,816$58,308$57,813$56,097
2 years$29,639$29,087$28,552$28,033$27,530$25,815
3 years$19,563$19,008$18,475$17,961$17,466$15,807
4 years$14,526$13,973$13,445$12,940$12,457$10,865
5 years$11,504$10,955$10,434$9,939$9,470$7,950
6 years$9,491$8,946$8,432$7,948$7,493$6,047
7 years$8,053$7,513$7,007$6,535$6,094$4,721
8 years$6,975$6,440$5,943$5,482$5,055$3,756
9 years$6,138$5,607$5,118$4,669$4,257$3,029
10 years$5,468$4,942$4,462$4,025$3,627$2,468
11 years$4,920$4,400$3,929$3,503$3,120$2,028
12 years$4,464$3,949$3,486$3,073$2,704$1,677
13 years$4,078$3,569$3,115$2,713$2,358$1,395
14 years$3,748$3,244$2,799$2,408$2,067$1,164
15 years$3,462$2,963$2,527$2,147$1,820$975
16 years$3,212$2,719$2,291$1,923$1,608$819
17 years$2,992$2,504$2,085$1,728$1,426$690
18 years$2,796$2,314$1,903$1,557$1,268$582
19 years$2,621$2,144$1,742$1,407$1,130$492
20 years$2,464$1,993$1,599$1,274$1,009$416
21 years$2,322$1,856$1,471$1,156$903$353
22 years$2,193$1,733$1,355$1,051$810$299
23 years$2,076$1,620$1,252$958$727$254
24 years$1,968$1,518$1,157$873$653$215
25 years$1,869$1,425$1,072$798$588$183
26 years$1,778$1,339$994$729$530$156
27 years$1,694$1,260$923$668$477$132
28 years$1,616$1,188$858$612$431$113
29 years$1,543$1,120$799$561$389$96
30 years$1,476$1,058$744$515$351$82
31 years$1,413$1,000$694$473$318$69
32 years$1,354$946$647$434$287$59
33 years$1,298$896$604$400$260$50
34 years$1,246$849$565$368$236$43
35 years$1,198$806$528$338$213$37
36 years$1,151$765$494$312$193$31
37 years$1,108$726$462$287$175$27
38 years$1,067$690$433$265$159$23
39 years$1,028$656$405$244$144$19
40 years$991$624$380$225$131$16
41 years$956$594$356$208$119$14
42 years$923$566$334$192$108$12
43 years$891$539$314$177$98$10
44 years$861$514$294$163$89$9
45 years$833$490$276$151$80$7
46 years$805$468$260$139$73$6
47 years$779$446$244$129$66$5
48 years$754$426$229$119$60$5
49 years$731$407$215$110$55$4
50 years$708$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $725,000, adding $2,357 every year, while hoping to spend $31,633 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: 28/42/30 Blend
58$725,000$725,000$725,000$725,000
59$801,381$762,956$751,719$816,344
60$849,465$766,684$743,244$832,331
61$901,393$769,534$733,425$846,628
62$957,524$771,430$722,184$861,363
63$1,018,252$772,291$709,438$876,595
64$1,084,011$772,030$695,101$892,395
65$1,155,277$770,557$679,084$908,841
66$1,232,575$767,773$661,293$926,022
67$1,316,479$763,576$641,628$944,041
68$1,407,625$757,856$619,987$963,013
69$1,506,709$750,497$596,263$983,069
70$1,614,497$741,376$570,342$1,004,356
71$1,731,835$730,362$542,107$1,027,040
72$1,859,649$717,317$511,435$1,051,310
73$1,998,962$702,095$478,197$1,077,375
74$2,150,899$684,540$442,260$1,105,474
75$2,316,697$664,488$403,481$1,135,872
76$2,497,717$641,766$361,715$1,168,867
77$2,695,461$616,189$316,809$1,204,794
78$2,911,578$587,562$268,602$1,244,026
79$3,147,886$555,680$216,928$1,286,983
80$3,406,386$520,324$161,611$1,334,131
81$3,689,282$481,264$102,469$1,385,992
82$3,999,000$438,257$39,313$1,443,149
83$4,338,212$391,045$0$1,506,252
84$4,709,859$339,357$0$1,585,014
85$5,117,183$282,903$0$1,685,266
86$5,563,752$221,381$0$1,795,377
87$6,053,496$154,471$0$1,916,417
88$6,590,745$81,832$0$2,049,573
89$7,180,266$3,107$0$2,196,157
90$7,827,313$0$0$2,357,624
91$8,537,670$0$0$2,573,517
92$9,317,710$0$0$2,812,289
93$10,174,455$0$0$3,074,668
94$11,115,637$0$0$3,363,039
95$12,149,776$0$0$3,680,029
96$13,286,258$0$0$4,028,531
97$14,535,424$0$0$4,411,735
98$15,908,664$0$0$4,833,153
99$17,418,530$0$0$5,296,655
100$19,078,848$0$0$5,806,505