Can I retire at age 59 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$61,026$60,482$59,952$59,434$58,929$58,656
2 years$30,211$29,648$29,103$28,574$28,061$27,786
3 years$19,941$19,375$18,832$18,308$17,803$17,534
4 years$14,806$14,243$13,705$13,190$12,697$12,436
5 years$11,727$11,167$10,635$10,131$9,652$9,400
6 years$9,674$9,118$8,595$8,102$7,638$7,394
7 years$8,209$7,658$7,142$6,661$6,211$5,977
8 years$7,110$6,564$6,057$5,588$5,153$4,928
9 years$6,256$5,715$5,217$4,759$4,340$4,124
10 years$5,573$5,038$4,548$4,103$3,698$3,491
11 years$5,015$4,485$4,004$3,571$3,180$2,982
12 years$4,550$4,025$3,554$3,132$2,756$2,567
13 years$4,157$3,638$3,175$2,765$2,403$2,223
14 years$3,820$3,307$2,853$2,454$2,106$1,935
15 years$3,529$3,021$2,576$2,189$1,855$1,691
16 years$3,274$2,771$2,335$1,960$1,639$1,484
17 years$3,049$2,552$2,125$1,761$1,453$1,306
18 years$2,850$2,358$1,940$1,587$1,292$1,152
19 years$2,672$2,186$1,776$1,434$1,152$1,019
20 years$2,512$2,031$1,630$1,299$1,029$903
21 years$2,367$1,892$1,499$1,179$921$802
22 years$2,235$1,766$1,382$1,072$825$713
23 years$2,116$1,652$1,276$976$741$635
24 years$2,006$1,548$1,180$890$666$566
25 years$1,905$1,452$1,093$813$599$505
26 years$1,812$1,365$1,013$743$540$451
27 years$1,727$1,285$941$680$487$403
28 years$1,647$1,210$875$623$439$361
29 years$1,573$1,142$814$572$396$323
30 years$1,504$1,078$758$525$358$289
31 years$1,440$1,019$707$482$324$259
32 years$1,380$965$660$443$293$232
33 years$1,323$913$616$407$265$208
34 years$1,270$866$575$375$240$187
35 years$1,221$821$538$345$217$168
36 years$1,174$779$503$318$197$151
37 years$1,129$740$471$293$179$135
38 years$1,088$704$441$270$162$121
39 years$1,048$669$413$249$147$109
40 years$1,010$636$387$229$133$98
41 years$975$606$363$212$121$88
42 years$941$577$341$195$110$79
43 years$909$550$320$180$99$71
44 years$878$524$300$167$90$64
45 years$849$500$282$154$82$58
46 years$821$477$265$142$74$52
47 years$794$455$249$131$68$47
48 years$769$434$234$121$61$42
49 years$745$415$220$112$56$38
50 years$722$396$206$104$51$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $739,000, adding $6,068 every year, while hoping to spend $50,361 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: 30/40/30 Blend
58$739,000$739,000$739,000$739,000
59$820,637$781,470$770,016$837,574
60$850,758$766,178$742,227$836,105
61$882,264$748,450$711,820$829,756
62$915,242$728,111$678,654$821,946
63$949,789$704,980$642,580$812,585
64$986,006$678,863$603,446$801,578
65$1,024,007$649,555$561,089$788,826
66$1,063,913$616,841$515,343$774,227
67$1,105,856$580,490$466,031$757,674
68$1,149,980$540,261$412,970$739,056
69$1,196,442$495,897$355,968$718,258
70$1,245,411$447,129$294,825$695,161
71$1,297,074$393,669$229,333$669,641
72$1,351,632$335,215$159,272$641,572
73$1,409,306$271,448$84,415$610,821
74$1,470,337$202,031$4,525$577,252
75$1,534,987$126,606$0$540,727
76$1,603,544$44,798$0$526,944
77$1,676,321$0$0$513,139
78$1,753,662$0$0$517,076
79$1,835,942$0$0$542,303
80$1,923,572$0$0$569,236
81$2,017,002$0$0$598,023
82$2,116,724$0$0$628,824
83$2,223,278$0$0$661,816
84$2,337,256$0$0$697,191
85$2,459,307$0$0$735,163
86$2,590,142$0$0$775,963
87$2,730,542$0$0$819,849
88$2,881,363$0$0$867,100
89$3,043,545$0$0$918,025
90$3,218,121$0$0$972,962
91$3,406,224$0$0$1,032,284
92$3,609,099$0$0$1,096,400
93$3,828,113$0$0$1,165,758
94$4,064,770$0$0$1,240,852
95$4,320,721$0$0$1,322,226
96$4,597,781$0$0$1,410,477
97$4,897,946$0$0$1,506,261
98$5,223,411$0$0$1,610,300
99$5,576,588$0$0$1,723,388
100$5,960,131$0$0$1,846,400