Can I retire at age 59 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$61,687$61,137$60,601$60,078$59,567$58,725
2 years$30,538$29,969$29,418$28,884$28,365$27,519
3 years$20,156$19,585$19,035$18,506$17,996$17,171
4 years$14,967$14,397$13,853$13,333$12,835$12,038
5 years$11,854$11,288$10,750$10,241$9,757$8,991
6 years$9,779$9,217$8,688$8,190$7,720$6,985
7 years$8,298$7,741$7,220$6,733$6,279$5,575
8 years$7,187$6,635$6,123$5,648$5,209$4,536
9 years$6,324$5,777$5,274$4,811$4,387$3,745
10 years$5,634$5,092$4,598$4,147$3,738$3,127
11 years$5,069$4,533$4,048$3,609$3,214$2,634
12 years$4,599$4,069$3,592$3,166$2,786$2,234
13 years$4,202$3,677$3,209$2,795$2,429$1,906
14 years$3,862$3,342$2,884$2,481$2,129$1,634
15 years$3,567$3,053$2,604$2,213$1,875$1,407
16 years$3,309$2,801$2,361$1,981$1,657$1,215
17 years$3,082$2,580$2,148$1,780$1,469$1,052
18 years$2,881$2,384$1,961$1,604$1,306$913
19 years$2,701$2,209$1,795$1,450$1,164$794
20 years$2,539$2,053$1,647$1,313$1,040$692
21 years$2,392$1,912$1,515$1,191$931$604
22 years$2,260$1,785$1,397$1,083$834$528
23 years$2,139$1,670$1,289$987$749$462
24 years$2,028$1,564$1,193$900$673$405
25 years$1,926$1,468$1,105$822$606$355
26 years$1,832$1,380$1,024$751$546$311
27 years$1,745$1,298$951$688$492$273
28 years$1,665$1,224$884$630$444$240
29 years$1,590$1,154$823$578$401$211
30 years$1,521$1,090$767$530$362$185
31 years$1,456$1,030$715$487$327$163
32 years$1,395$975$667$448$296$143
33 years$1,338$923$623$412$268$126
34 years$1,284$875$582$379$243$111
35 years$1,234$830$544$349$220$98
36 years$1,186$788$509$321$199$86
37 years$1,142$748$476$296$180$76
38 years$1,099$711$446$273$164$67
39 years$1,059$676$418$251$148$59
40 years$1,021$643$392$232$135$52
41 years$985$612$367$214$122$46
42 years$951$583$344$197$111$40
43 years$919$556$323$182$101$35
44 years$888$530$303$168$91$31
45 years$858$505$285$155$83$28
46 years$830$482$268$144$75$24
47 years$803$460$251$133$68$21
48 years$777$439$236$123$62$19
49 years$753$419$222$113$56$17
50 years$729$400$209$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $747,000, adding $2,657 every year, while hoping to spend $39,835 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: 41/45/14 Blend
58$747,000$747,000$747,000$747,000
59$825,935$786,344$774,765$856,280
60$867,796$782,490$758,336$874,092
61$912,592$777,113$740,021$889,235
62$960,580$770,095$719,715$904,760
63$1,012,042$761,313$697,309$920,721
64$1,067,288$750,635$672,686$937,180
65$1,126,658$737,923$645,728$954,207
66$1,190,524$723,028$616,307$971,882
67$1,259,297$705,796$584,292$990,298
68$1,333,426$686,060$549,546$1,009,561
69$1,413,404$663,646$511,925$1,029,790
70$1,499,776$638,369$471,279$1,051,123
71$1,593,137$610,033$427,451$1,073,712
72$1,694,142$578,431$380,276$1,097,734
73$1,803,514$543,342$329,584$1,123,385
74$1,922,043$504,537$275,196$1,150,888
75$2,050,601$461,769$216,924$1,180,494
76$2,190,146$414,779$154,575$1,212,486
77$2,341,731$363,294$87,944$1,247,182
78$2,506,516$307,024$16,819$1,284,937
79$2,685,777$245,664$0$1,326,152
80$2,880,915$178,890$0$1,380,100
81$3,093,474$106,362$0$1,441,713
82$3,325,154$27,719$0$1,509,072
83$3,577,824$0$0$1,582,843
84$3,853,541$0$0$1,692,198
85$4,154,572$0$0$1,826,669
86$4,483,408$0$0$1,973,655
87$4,842,795$0$0$2,134,394
88$5,235,756$0$0$2,310,250
89$5,665,617$0$0$2,502,726
90$6,136,041$0$0$2,713,474
91$6,651,064$0$0$2,944,316
92$7,215,127$0$0$3,197,257
93$7,833,123$0$0$3,474,505
94$8,510,438$0$0$3,778,493
95$9,253,008$0$0$4,111,900
96$10,067,367$0$0$4,477,677
97$10,960,713$0$0$4,879,073
98$11,940,974$0$0$5,319,669
99$13,016,883$0$0$5,803,408
100$14,198,059$0$0$6,334,634