Can I retire at age 59 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$60,613$60,073$59,546$59,032$58,530$57,372
2 years$30,006$29,448$28,906$28,381$27,872$26,709
3 years$19,806$19,244$18,704$18,184$17,683$16,553
4 years$14,706$14,147$13,612$13,100$12,612$11,523
5 years$11,647$11,091$10,563$10,062$9,587$8,543
6 years$9,609$9,057$8,537$8,047$7,586$6,587
7 years$8,153$7,606$7,094$6,616$6,169$5,216
8 years$7,062$6,520$6,016$5,550$5,118$4,210
9 years$6,214$5,676$5,182$4,727$4,310$3,447
10 years$5,536$5,004$4,518$4,075$3,672$2,853
11 years$4,981$4,454$3,977$3,546$3,158$2,382
12 years$4,519$3,998$3,530$3,111$2,737$2,003
13 years$4,129$3,613$3,154$2,746$2,387$1,693
14 years$3,794$3,284$2,834$2,438$2,092$1,438
15 years$3,505$3,000$2,558$2,174$1,842$1,226
16 years$3,252$2,753$2,319$1,947$1,628$1,048
17 years$3,029$2,535$2,111$1,749$1,444$899
18 years$2,831$2,342$1,927$1,576$1,284$772
19 years$2,654$2,171$1,764$1,424$1,144$665
20 years$2,495$2,017$1,619$1,290$1,022$573
21 years$2,351$1,879$1,489$1,171$914$495
22 years$2,220$1,754$1,372$1,064$820$428
23 years$2,101$1,641$1,267$969$736$371
24 years$1,992$1,537$1,172$884$661$321
25 years$1,892$1,442$1,085$807$595$278
26 years$1,800$1,356$1,007$738$536$241
27 years$1,715$1,276$935$676$483$209
28 years$1,636$1,202$869$619$436$182
29 years$1,563$1,134$809$568$394$158
30 years$1,494$1,071$753$521$356$137
31 years$1,430$1,013$702$479$322$119
32 years$1,370$958$655$440$291$104
33 years$1,314$907$612$404$263$90
34 years$1,262$860$572$372$238$79
35 years$1,212$816$534$343$216$68
36 years$1,166$774$500$316$196$59
37 years$1,122$735$468$291$177$52
38 years$1,080$699$438$268$161$45
39 years$1,041$664$410$247$146$39
40 years$1,003$632$385$228$132$34
41 years$968$602$361$210$120$30
42 years$934$573$338$194$109$26
43 years$903$546$318$179$99$23
44 years$872$521$298$165$90$20
45 years$843$496$280$153$81$17
46 years$815$473$263$141$74$15
47 years$789$452$247$130$67$13
48 years$764$431$232$120$61$11
49 years$740$412$218$111$55$10
50 years$717$393$205$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $734,000, adding $4,963 every year, while hoping to spend $45,578 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: 34/38/28 Blend
58$734,000$734,000$734,000$734,000
59$813,987$775,085$763,708$834,630
60$848,519$764,570$740,798$840,108
61$885,046$752,012$715,592$841,589
62$923,723$737,262$687,967$842,306
63$964,719$720,165$657,790$842,221
64$1,008,221$700,553$624,927$841,297
65$1,054,430$678,251$589,233$839,500
66$1,103,569$653,072$550,559$836,795
67$1,155,881$624,820$508,750$833,150
68$1,211,629$593,285$463,642$828,533
69$1,271,107$558,248$415,065$822,917
70$1,334,632$519,474$362,842$816,276
71$1,402,553$476,717$306,786$808,591
72$1,475,254$429,716$246,703$799,843
73$1,553,153$378,196$182,392$790,022
74$1,636,713$321,865$113,640$779,123
75$1,726,437$260,416$40,226$767,149
76$1,822,881$193,524$0$754,113
77$1,926,653$120,845$0$751,423
78$2,038,421$42,016$0$761,291
79$2,158,921$0$0$771,808
80$2,288,957$0$0$801,239
81$2,429,417$0$0$852,090
82$2,581,274$0$0$907,156
83$2,745,597$0$0$966,835
84$2,923,565$0$0$1,031,567
85$3,116,470$0$0$1,101,833
86$3,325,733$0$0$1,178,166
87$3,552,921$0$0$1,261,149
88$3,799,752$0$0$1,351,425
89$4,068,120$0$0$1,449,701
90$4,360,106$0$0$1,556,754
91$4,678,002$0$0$1,673,441
92$5,024,328$0$0$1,800,704
93$5,401,857$0$0$1,939,580
94$5,813,644$0$0$2,091,210
95$6,263,048$0$0$2,256,851
96$6,753,768$0$0$2,437,885
97$7,289,877$0$0$2,635,837
98$7,875,856$0$0$2,852,382
99$8,516,640$0$0$3,089,367
100$9,217,665$0$0$3,348,825