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%11.3%
1 years$59,870$59,337$58,816$58,308$57,813$57,496
2 years$29,639$29,087$28,552$28,033$27,530$27,211
3 years$19,563$19,008$18,475$17,961$17,466$17,154
4 years$14,526$13,973$13,445$12,940$12,457$12,154
5 years$11,504$10,955$10,434$9,939$9,470$9,177
6 years$9,491$8,946$8,432$7,948$7,493$7,211
7 years$8,053$7,513$7,007$6,535$6,094$5,823
8 years$6,975$6,440$5,943$5,482$5,055$4,795
9 years$6,138$5,607$5,118$4,669$4,257$4,008
10 years$5,468$4,942$4,462$4,025$3,627$3,389
11 years$4,920$4,400$3,929$3,503$3,120$2,892
12 years$4,464$3,949$3,486$3,073$2,704$2,486
13 years$4,078$3,569$3,115$2,713$2,358$2,150
14 years$3,748$3,244$2,799$2,408$2,067$1,869
15 years$3,462$2,963$2,527$2,147$1,820$1,632
16 years$3,212$2,719$2,291$1,923$1,608$1,429
17 years$2,992$2,504$2,085$1,728$1,426$1,256
18 years$2,796$2,314$1,903$1,557$1,268$1,107
19 years$2,621$2,144$1,742$1,407$1,130$978
20 years$2,464$1,993$1,599$1,274$1,009$865
21 years$2,322$1,856$1,471$1,156$903$767
22 years$2,193$1,733$1,355$1,051$810$681
23 years$2,076$1,620$1,252$958$727$605
24 years$1,968$1,518$1,157$873$653$539
25 years$1,869$1,425$1,072$798$588$480
26 years$1,778$1,339$994$729$530$428
27 years$1,694$1,260$923$668$477$382
28 years$1,616$1,188$858$612$431$341
29 years$1,543$1,120$799$561$389$305
30 years$1,476$1,058$744$515$351$273
31 years$1,413$1,000$694$473$318$244
32 years$1,354$946$647$434$287$218
33 years$1,298$896$604$400$260$196
34 years$1,246$849$565$368$236$175
35 years$1,198$806$528$338$213$157
36 years$1,151$765$494$312$193$141
37 years$1,108$726$462$287$175$126
38 years$1,067$690$433$265$159$113
39 years$1,028$656$405$244$144$101
40 years$991$624$380$225$131$91
41 years$956$594$356$208$119$82
42 years$923$566$334$192$108$73
43 years$891$539$314$177$98$66
44 years$861$514$294$163$89$59
45 years$833$490$276$151$80$53
46 years$805$468$260$139$73$48
47 years$779$446$244$129$66$43
48 years$754$426$229$119$60$38
49 years$731$407$215$110$55$34
50 years$708$389$203$102$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $725,000, adding $2,994 every year, while hoping to spend $27,696 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: 38/41/21 Blend
58$725,000$725,000$725,000$725,000
59$802,038$763,613$752,376$827,372
60$854,378$771,562$748,112$853,928
61$911,128$778,972$742,777$879,783
62$972,709$785,788$736,306$907,161
63$1,039,583$791,949$728,631$936,215
64$1,112,260$797,394$719,679$967,115
65$1,191,300$802,055$709,377$1,000,052
66$1,277,317$805,861$697,646$1,035,234
67$1,370,990$808,735$684,404$1,072,896
68$1,473,064$810,596$669,565$1,113,297
69$1,584,360$811,359$653,039$1,156,723
70$1,705,781$810,932$634,732$1,203,493
71$1,838,322$809,218$614,546$1,253,961
72$1,983,076$806,115$592,379$1,308,519
73$2,141,248$801,513$568,122$1,367,599
74$2,314,164$795,296$541,663$1,431,685
75$2,503,285$787,342$512,884$1,501,309
76$2,710,218$777,519$481,664$1,577,061
77$2,936,734$765,691$447,873$1,659,596
78$3,184,781$751,711$411,378$1,749,639
79$3,456,507$735,423$372,037$1,847,990
80$3,754,276$716,664$329,706$1,955,538
81$4,080,691$695,259$284,230$2,073,266
82$4,438,620$671,026$235,450$2,202,260
83$4,831,222$643,768$183,200$2,343,724
84$5,261,974$613,281$127,305$2,498,987
85$5,734,709$579,345$67,583$2,669,521
86$6,253,648$541,731$3,846$2,856,954
87$6,823,439$500,195$0$3,063,084
88$7,449,205$454,479$0$3,304,281
89$8,136,586$404,311$0$3,570,218
90$8,891,798$349,403$0$3,862,511
91$9,721,689$289,451$0$4,183,895
92$10,633,801$224,134$0$4,537,391
93$11,636,443$153,111$0$4,926,334
94$12,738,772$76,026$0$5,354,401
95$13,950,874$0$0$5,825,653
96$15,283,862$0$0$6,347,958
97$16,749,980$0$0$6,960,262
98$18,362,718$0$0$7,633,912
99$20,136,938$0$0$8,375,131
100$22,089,017$0$0$9,190,775