Can I retire at age 59 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$60,365$59,828$59,303$58,791$58,291$56,767
2 years$29,884$29,327$28,788$28,265$27,758$26,232
3 years$19,725$19,166$18,628$18,110$17,611$16,132
4 years$14,646$14,089$13,556$13,047$12,560$11,139
5 years$11,600$11,046$10,520$10,021$9,548$8,189
6 years$9,569$9,020$8,502$8,014$7,555$6,260
7 years$8,120$7,575$7,065$6,589$6,144$4,912
8 years$7,033$6,493$5,992$5,527$5,097$3,928
9 years$6,188$5,653$5,161$4,708$4,293$3,185
10 years$5,513$4,983$4,499$4,058$3,657$2,611
11 years$4,961$4,436$3,961$3,532$3,146$2,158
12 years$4,501$3,982$3,515$3,098$2,726$1,795
13 years$4,112$3,598$3,141$2,735$2,377$1,501
14 years$3,779$3,271$2,822$2,428$2,084$1,261
15 years$3,491$2,988$2,548$2,165$1,835$1,063
16 years$3,239$2,741$2,310$1,939$1,621$899
17 years$3,016$2,525$2,102$1,742$1,438$762
18 years$2,819$2,333$1,919$1,570$1,278$647
19 years$2,643$2,162$1,757$1,418$1,139$551
20 years$2,484$2,009$1,612$1,285$1,018$469
21 years$2,341$1,871$1,483$1,166$911$400
22 years$2,211$1,747$1,367$1,060$816$342
23 years$2,093$1,634$1,262$965$733$292
24 years$1,984$1,531$1,167$881$659$250
25 years$1,885$1,437$1,081$804$593$214
26 years$1,793$1,350$1,002$735$534$183
27 years$1,708$1,271$931$673$481$157
28 years$1,629$1,197$865$617$434$134
29 years$1,556$1,130$805$565$392$115
30 years$1,488$1,067$750$519$354$99
31 years$1,424$1,008$699$477$320$85
32 years$1,365$954$652$438$290$73
33 years$1,309$904$609$403$262$62
34 years$1,257$856$569$371$237$54
35 years$1,207$812$532$341$215$46
36 years$1,161$771$498$314$195$39
37 years$1,117$732$466$290$177$34
38 years$1,076$696$436$267$160$29
39 years$1,037$662$409$246$145$25
40 years$999$630$383$227$132$21
41 years$964$599$359$209$119$18
42 years$931$571$337$193$108$16
43 years$899$544$316$178$98$14
44 years$869$518$297$165$89$12
45 years$840$494$279$152$81$10
46 years$812$472$262$141$74$9
47 years$786$450$246$130$67$7
48 years$761$430$231$120$61$6
49 years$737$410$217$111$55$5
50 years$714$392$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $731,000, adding $6,405 every year, while hoping to spend $49,434 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: 36/50/14 Blend
58$731,000$731,000$731,000$731,000
59$812,169$773,426$762,095$837,698
60$842,413$758,726$735,028$841,972
61$874,084$741,650$705,397$841,402
62$907,278$722,027$673,065$839,713
63$942,094$699,680$637,886$836,831
64$978,643$674,420$599,711$832,678
65$1,017,045$646,047$558,382$827,174
66$1,057,429$614,348$513,732$820,236
67$1,099,936$579,101$465,592$811,779
68$1,144,720$540,068$413,780$801,712
69$1,191,949$496,999$358,110$789,944
70$1,241,805$449,629$298,384$776,380
71$1,294,488$397,679$234,397$760,923
72$1,350,213$340,853$165,937$743,473
73$1,409,219$278,838$92,780$723,928
74$1,471,763$211,306$14,692$702,185
75$1,538,129$137,906$0$678,137
76$1,608,627$58,272$0$661,932
77$1,683,594$0$0$646,216
78$1,763,400$0$0$644,123
79$1,848,452$0$0$676,117
80$1,939,191$0$0$710,314
81$2,036,106$0$0$746,903
82$2,139,728$0$0$786,095
83$2,250,641$0$0$828,119
84$2,369,487$0$0$873,228
85$2,496,967$0$0$921,698
86$2,633,852$0$0$973,832
87$2,780,989$0$0$1,029,966
88$2,939,306$0$0$1,090,464
89$3,109,824$0$0$1,155,730
90$3,293,661$0$0$1,226,205
91$3,492,048$0$0$1,302,375
92$3,706,338$0$0$1,384,774
93$3,938,016$0$0$1,473,988
94$4,188,714$0$0$1,570,664
95$4,460,227$0$0$1,675,509
96$4,754,529$0$0$1,789,305
97$5,073,790$0$0$1,912,910
98$5,420,396$0$0$2,047,266
99$5,796,971$0$0$2,193,413
100$6,206,404$0$0$2,352,493