Can I retire at age 59 with 752,000?

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 $752,000?

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$62,099$61,546$61,007$60,480$59,966$58,000
2 years$30,742$30,170$29,615$29,077$28,555$26,593
3 years$20,291$19,716$19,163$18,630$18,116$16,220
4 years$15,067$14,494$13,946$13,422$12,921$11,105
5 years$11,933$11,363$10,822$10,309$9,822$8,091
6 years$9,844$9,279$8,746$8,244$7,772$6,127
7 years$8,353$7,792$7,268$6,778$6,321$4,762
8 years$7,235$6,679$6,164$5,686$5,244$3,770
9 years$6,366$5,816$5,309$4,843$4,416$3,026
10 years$5,671$5,126$4,628$4,175$3,763$2,454
11 years$5,103$4,564$4,075$3,633$3,236$2,006
12 years$4,630$4,096$3,616$3,187$2,804$1,650
13 years$4,230$3,702$3,231$2,814$2,445$1,364
14 years$3,888$3,365$2,903$2,498$2,144$1,133
15 years$3,591$3,074$2,621$2,227$1,887$943
16 years$3,332$2,820$2,376$1,994$1,668$788
17 years$3,103$2,597$2,162$1,792$1,479$660
18 years$2,900$2,400$1,974$1,615$1,315$553
19 years$2,719$2,224$1,807$1,459$1,172$465
20 years$2,556$2,067$1,658$1,322$1,047$391
21 years$2,409$1,925$1,525$1,199$937$329
22 years$2,275$1,797$1,406$1,091$840$277
23 years$2,153$1,681$1,298$993$754$234
24 years$2,041$1,575$1,201$906$678$197
25 years$1,939$1,478$1,112$827$610$167
26 years$1,844$1,389$1,031$756$549$141
27 years$1,757$1,307$958$692$495$119
28 years$1,676$1,232$890$634$447$101
29 years$1,601$1,162$828$582$403$85
30 years$1,531$1,097$772$534$365$72
31 years$1,465$1,037$719$490$330$61
32 years$1,404$982$671$451$298$51
33 years$1,347$930$627$414$270$44
34 years$1,293$881$586$381$244$37
35 years$1,242$836$547$351$221$31
36 years$1,194$793$512$323$200$26
37 years$1,149$753$479$298$182$22
38 years$1,107$716$449$275$165$19
39 years$1,066$681$421$253$149$16
40 years$1,028$648$394$233$135$14
41 years$992$617$370$215$123$11
42 years$957$587$347$199$112$10
43 years$925$559$325$184$101$8
44 years$893$533$305$169$92$7
45 years$864$509$287$156$83$6
46 years$835$485$269$145$76$5
47 years$808$463$253$134$69$4
48 years$783$442$238$123$62$4
49 years$758$422$224$114$57$3
50 years$734$403$210$105$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $752,000, adding $3,525 every year, while hoping to spend $49,062 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: 60/13/27 Blend
58$752,000$752,000$752,000$752,000
59$832,340$792,484$780,828$876,022
60$865,037$779,114$754,784$892,829
61$899,425$763,445$726,224$905,585
62$935,624$745,312$695,010$918,467
63$973,766$724,540$661,001$931,498
64$1,013,994$700,946$624,048$944,706
65$1,056,464$674,335$583,996$958,124
66$1,101,345$644,499$540,682$971,791
67$1,148,823$611,221$493,936$985,754
68$1,199,101$574,269$443,581$1,000,064
69$1,252,401$533,399$389,432$1,014,783
70$1,308,963$488,352$331,295$1,029,983
71$1,369,052$438,857$268,968$1,045,743
72$1,432,957$384,622$202,240$1,062,159
73$1,500,994$325,345$130,892$1,079,335
74$1,573,511$260,702$54,692$1,097,393
75$1,650,886$190,353$0$1,116,470
76$1,733,535$113,939$0$1,144,394
77$1,821,913$31,080$0$1,190,984
78$1,916,520$0$0$1,240,741
79$2,017,903$0$0$1,302,355
80$2,126,662$0$0$1,373,263
81$2,243,458$0$0$1,449,453
82$2,369,013$0$0$1,531,401
83$2,504,121$0$0$1,619,632
84$2,649,655$0$0$1,714,722
85$2,806,572$0$0$1,817,303
86$2,975,923$0$0$1,928,068
87$3,158,866$0$0$2,047,782
88$3,356,670$0$0$2,177,283
89$3,570,731$0$0$2,317,493
90$3,802,584$0$0$2,469,425
91$4,053,917$0$0$2,634,194
92$4,326,585$0$0$2,813,025
93$4,622,630$0$0$3,007,266
94$4,944,295$0$0$3,218,401
95$5,294,049$0$0$3,448,059
96$5,674,610$0$0$3,698,036
97$6,088,966$0$0$3,970,307
98$6,540,406$0$0$4,267,044
99$7,032,549$0$0$4,590,639
100$7,569,379$0$0$4,943,723