Can I retire at age 59 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$61,521$60,973$60,439$59,917$59,407$57,460
2 years$30,456$29,889$29,339$28,806$28,289$26,346
3 years$20,102$19,533$18,984$18,456$17,948$16,069
4 years$14,927$14,359$13,816$13,297$12,801$11,001
5 years$11,822$11,257$10,722$10,213$9,731$8,016
6 years$9,753$9,192$8,665$8,168$7,700$6,070
7 years$8,275$7,720$7,200$6,715$6,262$4,718
8 years$7,168$6,617$6,106$5,633$5,195$3,735
9 years$6,307$5,762$5,260$4,798$4,375$2,998
10 years$5,619$5,079$4,585$4,136$3,728$2,431
11 years$5,056$4,521$4,037$3,600$3,206$1,987
12 years$4,587$4,058$3,583$3,157$2,778$1,635
13 years$4,191$3,667$3,201$2,787$2,423$1,352
14 years$3,851$3,333$2,876$2,474$2,124$1,122
15 years$3,558$3,045$2,597$2,207$1,870$935
16 years$3,301$2,794$2,354$1,976$1,653$781
17 years$3,074$2,573$2,142$1,775$1,465$654
18 years$2,873$2,378$1,956$1,600$1,303$548
19 years$2,694$2,203$1,790$1,446$1,161$460
20 years$2,532$2,048$1,643$1,309$1,037$387
21 years$2,386$1,907$1,511$1,188$928$326
22 years$2,254$1,780$1,393$1,080$832$275
23 years$2,133$1,665$1,286$984$747$232
24 years$2,022$1,560$1,189$897$671$195
25 years$1,921$1,464$1,102$820$604$165
26 years$1,827$1,376$1,022$749$544$139
27 years$1,741$1,295$949$686$491$118
28 years$1,660$1,220$882$628$443$100
29 years$1,586$1,151$821$576$400$84
30 years$1,516$1,087$764$529$361$71
31 years$1,452$1,028$713$486$327$60
32 years$1,391$972$665$446$295$51
33 years$1,334$921$621$411$267$43
34 years$1,281$873$580$378$242$36
35 years$1,231$828$542$348$219$31
36 years$1,183$786$507$320$199$26
37 years$1,139$746$475$295$180$22
38 years$1,096$709$445$272$163$19
39 years$1,056$674$417$251$148$16
40 years$1,019$642$391$231$134$13
41 years$983$611$366$213$122$11
42 years$948$582$343$197$110$10
43 years$916$554$322$182$100$8
44 years$885$528$303$168$91$7
45 years$856$504$284$155$83$6
46 years$828$481$267$143$75$5
47 years$801$459$251$132$68$4
48 years$775$438$236$122$62$4
49 years$751$418$221$113$56$3
50 years$727$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $745,000, adding $3,298 every year, while hoping to spend $43,983 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: 65/5/30 Blend
58$745,000$745,000$745,000$745,000
59$824,392$784,907$773,359$871,192
60$861,682$776,570$752,469$894,945
61$901,302$766,350$729,405$915,754
62$943,443$754,109$704,048$937,555
63$988,313$739,699$676,273$960,452
64$1,036,143$722,966$645,950$984,560
65$1,087,182$703,744$612,942$1,010,008
66$1,141,705$681,859$577,106$1,036,941
67$1,200,015$657,126$538,295$1,065,517
68$1,262,441$629,349$496,352$1,095,916
69$1,329,344$598,322$451,115$1,128,334
70$1,401,124$563,825$402,413$1,162,994
71$1,478,214$525,629$350,070$1,200,140
72$1,561,094$483,487$293,899$1,240,045
73$1,650,290$437,142$233,709$1,283,011
74$1,746,377$386,319$169,296$1,329,375
75$1,849,989$330,731$100,449$1,379,510
76$1,961,822$270,071$26,948$1,433,831
77$2,082,642$204,018$0$1,492,797
78$2,213,287$132,230$0$1,573,400
79$2,354,682$54,349$0$1,670,001
80$2,507,842$0$0$1,774,670
81$2,673,883$0$0$1,889,837
82$2,854,032$0$0$2,018,077
83$3,049,641$0$0$2,157,364
84$3,262,193$0$0$2,308,761
85$3,493,323$0$0$2,473,439
86$3,744,827$0$0$2,652,683
87$4,018,682$0$0$2,847,910
88$4,317,066$0$0$3,060,675
89$4,642,371$0$0$3,292,695
90$4,997,234$0$0$3,545,855
91$5,384,555$0$0$3,822,233
92$5,807,528$0$0$4,124,114
93$6,269,667$0$0$4,454,016
94$6,774,841$0$0$4,814,709
95$7,327,312$0$0$5,209,244
96$7,931,771$0$0$5,640,979
97$8,593,382$0$0$6,113,614
98$9,317,833$0$0$6,631,220
99$10,111,388$0$0$7,198,285
100$10,980,944$0$0$7,819,746