Can I retire at age 59 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$60,448$59,909$59,384$58,871$58,371$57,737
2 years$29,925$29,367$28,827$28,304$27,796$27,158
3 years$19,752$19,192$18,653$18,134$17,635$17,012
4 years$14,666$14,108$13,575$13,065$12,577$11,975
5 years$11,616$11,061$10,535$10,035$9,561$8,981
6 years$9,583$9,032$8,513$8,025$7,565$7,008
7 years$8,131$7,585$7,075$6,598$6,153$5,618
8 years$7,043$6,502$6,000$5,535$5,104$4,592
9 years$6,197$5,661$5,168$4,714$4,298$3,809
10 years$5,520$4,990$4,505$4,064$3,662$3,196
11 years$4,967$4,442$3,966$3,537$3,150$2,705
12 years$4,507$3,987$3,520$3,102$2,730$2,307
13 years$4,118$3,603$3,145$2,739$2,380$1,978
14 years$3,784$3,275$2,826$2,431$2,087$1,705
15 years$3,495$2,992$2,551$2,168$1,837$1,476
16 years$3,243$2,745$2,313$1,941$1,624$1,281
17 years$3,021$2,528$2,105$1,744$1,440$1,116
18 years$2,823$2,336$1,921$1,572$1,280$974
19 years$2,647$2,165$1,759$1,420$1,141$853
20 years$2,488$2,012$1,614$1,286$1,019$747
21 years$2,344$1,874$1,485$1,168$912$656
22 years$2,214$1,749$1,369$1,062$817$577
23 years$2,096$1,636$1,264$967$734$508
24 years$1,987$1,533$1,169$882$660$448
25 years$1,887$1,439$1,082$805$594$395
26 years$1,795$1,352$1,004$736$535$348
27 years$1,710$1,272$932$674$482$308
28 years$1,631$1,199$867$617$435$272
29 years$1,558$1,131$806$566$393$241
30 years$1,490$1,068$751$520$355$213
31 years$1,426$1,010$700$477$321$188
32 years$1,367$955$653$439$290$167
33 years$1,311$905$610$403$263$148
34 years$1,258$858$570$371$238$131
35 years$1,209$813$533$342$215$116
36 years$1,163$772$499$315$195$103
37 years$1,119$733$467$290$177$91
38 years$1,077$697$437$267$160$81
39 years$1,038$663$409$246$145$72
40 years$1,001$630$384$227$132$64
41 years$965$600$360$210$120$57
42 years$932$572$338$194$109$50
43 years$900$545$317$179$99$44
44 years$870$519$297$165$89$39
45 years$841$495$279$152$81$35
46 years$813$472$262$141$74$31
47 years$787$451$246$130$67$28
48 years$762$430$231$120$61$25
49 years$738$411$218$111$55$22
50 years$715$392$205$103$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $732,000, adding $6,776 every year, while hoping to spend $20,914 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: 46/31/23 Blend
58$732,000$732,000$732,000$732,000
59$813,653$774,857$763,511$845,436
60$874,394$790,573$766,837$884,169
61$940,629$806,358$769,572$923,577
62$1,012,896$822,193$771,677$965,911
63$1,091,790$838,059$773,106$1,011,454
64$1,177,961$853,932$773,814$1,060,520
65$1,272,128$869,790$773,751$1,113,453
66$1,375,082$885,606$772,869$1,170,633
67$1,487,692$901,353$771,112$1,232,479
68$1,610,918$917,000$768,425$1,299,456
69$1,745,815$932,516$764,751$1,372,072
70$1,893,544$947,866$760,026$1,450,892
71$2,055,386$963,012$754,188$1,536,538
72$2,232,750$977,914$747,167$1,629,693
73$2,427,188$992,530$738,895$1,731,115
74$2,640,410$1,006,812$729,297$1,841,638
75$2,874,298$1,020,712$718,295$1,962,181
76$3,130,927$1,034,178$705,808$2,093,760
77$3,412,581$1,047,151$691,751$2,237,493
78$3,721,775$1,059,573$676,037$2,394,617
79$4,061,283$1,071,379$658,570$2,566,493
80$4,434,157$1,082,499$639,255$2,754,624
81$4,843,760$1,092,861$617,990$2,960,665
82$5,293,799$1,102,387$594,668$3,186,447
83$5,788,354$1,110,992$569,177$3,433,983
84$6,331,924$1,118,588$541,402$3,705,497
85$6,929,463$1,125,081$511,222$4,003,442
86$7,586,428$1,130,371$478,508$4,330,521
87$8,308,835$1,134,349$443,128$4,689,716
88$9,103,307$1,136,903$404,944$5,084,317
89$9,977,144$1,137,912$363,810$5,517,950
90$10,938,391$1,137,247$319,575$5,994,614
91$11,995,907$1,134,772$272,081$6,518,720
92$13,159,456$1,130,343$221,163$7,095,130
93$14,439,796$1,123,806$166,648$7,729,208
94$15,848,781$1,114,997$108,355$8,426,866
95$17,399,469$1,103,745$46,099$9,194,624
96$19,106,253$1,089,866$0$10,039,670
97$20,984,988$1,073,167$0$10,974,924
98$23,053,145$1,053,441$0$12,016,528
99$25,329,977$1,030,470$0$13,162,848
100$27,836,696$1,004,024$0$14,424,559