Can I retire at age 59 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$60,035$59,500$58,978$58,469$57,972$56,732
2 years$29,720$29,167$28,630$28,110$27,606$26,362
3 years$19,617$19,061$18,526$18,010$17,514$16,306
4 years$14,566$14,012$13,482$12,976$12,491$11,328
5 years$11,536$10,985$10,463$9,966$9,496$8,381
6 years$9,517$8,970$8,455$7,970$7,514$6,448
7 years$8,075$7,533$7,026$6,553$6,111$5,095
8 years$6,995$6,457$5,959$5,497$5,069$4,103
9 years$6,155$5,622$5,132$4,682$4,269$3,351
10 years$5,483$4,956$4,475$4,036$3,637$2,767
11 years$4,934$4,412$3,939$3,513$3,128$2,304
12 years$4,476$3,960$3,496$3,081$2,711$1,932
13 years$4,089$3,579$3,124$2,720$2,364$1,629
14 years$3,758$3,253$2,806$2,415$2,072$1,380
15 years$3,472$2,972$2,534$2,153$1,825$1,173
16 years$3,221$2,726$2,297$1,928$1,613$1,000
17 years$3,000$2,511$2,090$1,732$1,430$855
18 years$2,804$2,320$1,908$1,561$1,271$733
19 years$2,628$2,150$1,747$1,411$1,133$629
20 years$2,471$1,998$1,603$1,278$1,012$541
21 years$2,328$1,861$1,475$1,160$906$466
22 years$2,199$1,737$1,359$1,054$812$401
23 years$2,081$1,625$1,255$960$729$346
24 years$1,973$1,522$1,161$876$655$299
25 years$1,874$1,429$1,075$800$589$258
26 years$1,783$1,343$997$731$531$223
27 years$1,699$1,264$926$669$479$193
28 years$1,620$1,191$861$613$432$167
29 years$1,548$1,123$801$562$390$145
30 years$1,480$1,061$746$516$352$125
31 years$1,417$1,003$695$474$319$109
32 years$1,357$949$649$436$288$94
33 years$1,302$899$606$401$261$82
34 years$1,250$852$566$369$236$71
35 years$1,201$808$529$339$214$61
36 years$1,155$767$495$312$194$53
37 years$1,111$728$463$288$176$46
38 years$1,070$692$434$265$159$40
39 years$1,031$658$407$245$144$35
40 years$994$626$381$226$131$30
41 years$959$596$357$208$119$26
42 years$926$568$335$192$108$23
43 years$894$541$315$177$98$20
44 years$864$516$295$164$89$17
45 years$835$492$277$151$81$15
46 years$808$469$260$140$73$13
47 years$782$448$245$129$66$11
48 years$757$427$230$119$60$10
49 years$733$408$216$110$55$8
50 years$710$390$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $727,000, adding $3,024 every year, while hoping to spend $52,516 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: 54/37/9 Blend
58$727,000$727,000$727,000$727,000
59$804,273$765,742$754,474$845,754
60$830,433$747,387$723,872$855,847
61$857,500$726,372$690,485$860,827
62$885,513$702,512$654,164$864,996
63$914,510$675,610$614,753$868,287
64$944,533$645,458$572,091$870,629
65$975,626$611,836$526,007$871,948
66$1,007,835$574,512$476,323$872,163
67$1,041,210$533,238$422,855$871,192
68$1,075,801$487,755$365,409$868,947
69$1,111,666$437,788$303,783$865,335
70$1,148,861$383,045$237,765$860,259
71$1,187,451$323,220$167,136$853,616
72$1,227,500$257,987$91,665$845,299
73$1,269,082$187,005$11,112$835,195
74$1,312,270$109,910$0$823,185
75$1,357,146$26,320$0$816,333
76$1,403,797$0$0$808,925
77$1,452,316$0$0$825,911
78$1,502,801$0$0$854,746
79$1,555,360$0$0$884,777
80$1,610,107$0$0$916,071
81$1,667,165$0$0$948,700
82$1,726,668$0$0$982,742
83$1,788,757$0$0$1,018,280
84$1,853,587$0$0$1,055,405
85$1,921,325$0$0$1,094,214
86$1,992,150$0$0$1,134,813
87$2,066,258$0$0$1,177,317
88$2,143,858$0$0$1,221,848
89$2,225,178$0$0$1,268,542
90$2,310,467$0$0$1,317,544
91$2,399,992$0$0$1,369,011
92$2,494,045$0$0$1,423,116
93$2,592,944$0$0$1,480,046
94$2,697,031$0$0$1,540,003
95$2,806,684$0$0$1,603,209
96$2,922,309$0$0$1,669,905
97$3,044,352$0$0$1,740,354
98$3,173,299$0$0$1,814,843
99$3,309,679$0$0$1,893,684
100$3,454,070$0$0$1,977,219