Can I retire at age 59 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$62,347$61,792$61,250$60,721$60,205$59,232
2 years$30,865$30,290$29,733$29,193$28,669$27,691
3 years$20,372$19,795$19,239$18,704$18,189$17,237
4 years$15,127$14,551$14,001$13,475$12,972$12,054
5 years$11,981$11,408$10,866$10,350$9,861$8,979
6 years$9,884$9,316$8,781$8,277$7,803$6,957
7 years$8,386$7,823$7,297$6,805$6,346$5,537
8 years$7,264$6,706$6,188$5,709$5,265$4,493
9 years$6,392$5,839$5,330$4,863$4,434$3,698
10 years$5,694$5,147$4,647$4,192$3,778$3,078
11 years$5,124$4,582$4,091$3,648$3,249$2,584
12 years$4,649$4,112$3,631$3,200$2,815$2,185
13 years$4,247$3,716$3,244$2,825$2,455$1,858
14 years$3,903$3,378$2,915$2,508$2,152$1,588
15 years$3,605$3,086$2,631$2,236$1,895$1,362
16 years$3,345$2,831$2,386$2,002$1,675$1,172
17 years$3,115$2,608$2,171$1,799$1,485$1,012
18 years$2,912$2,409$1,982$1,621$1,320$875
19 years$2,730$2,233$1,814$1,465$1,177$758
20 years$2,566$2,075$1,665$1,327$1,051$658
21 years$2,418$1,933$1,532$1,204$941$572
22 years$2,284$1,804$1,412$1,095$843$498
23 years$2,161$1,687$1,303$997$757$434
24 years$2,049$1,581$1,205$909$680$379
25 years$1,947$1,484$1,116$831$612$331
26 years$1,852$1,394$1,035$759$551$289
27 years$1,764$1,312$961$695$497$253
28 years$1,683$1,237$894$637$449$221
29 years$1,607$1,167$832$584$405$193
30 years$1,537$1,102$775$536$366$169
31 years$1,471$1,042$722$492$331$148
32 years$1,410$985$674$452$299$130
33 years$1,352$933$629$416$271$114
34 years$1,298$885$588$383$245$100
35 years$1,247$839$550$352$222$87
36 years$1,199$796$514$325$201$77
37 years$1,154$756$481$299$182$67
38 years$1,111$719$451$276$165$59
39 years$1,071$683$422$254$150$52
40 years$1,032$650$396$234$136$45
41 years$996$619$371$216$123$40
42 years$961$590$348$200$112$35
43 years$928$562$327$184$102$31
44 years$897$535$307$170$92$27
45 years$867$511$288$157$84$24
46 years$839$487$270$145$76$21
47 years$812$465$254$134$69$18
48 years$786$444$239$124$63$16
49 years$761$424$224$114$57$14
50 years$737$405$211$106$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $755,000, adding $5,894 every year, while hoping to spend $23,783 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: 55/18/27 Blend
58$755,000$755,000$755,000$755,000
59$838,090$798,075$786,372$877,642
60$898,270$811,875$787,411$919,334
61$963,791$825,555$787,687$961,766
62$1,035,174$839,083$787,150$1,007,496
63$1,112,989$852,426$785,747$1,056,851
64$1,197,867$865,548$783,423$1,110,189
65$1,290,500$878,410$780,118$1,167,907
66$1,391,650$890,972$775,771$1,230,442
67$1,502,158$903,189$770,319$1,298,277
68$1,622,947$915,014$763,694$1,371,945
69$1,755,036$926,397$755,825$1,452,033
70$1,899,543$937,284$746,639$1,539,189
71$2,057,703$947,618$736,058$1,634,129
72$2,230,875$957,337$724,002$1,737,642
73$2,420,553$966,376$710,385$1,850,599
74$2,628,386$974,664$695,119$1,973,960
75$2,856,187$982,129$678,112$2,108,784
76$3,105,954$988,689$659,265$2,256,242
77$3,379,889$994,262$638,477$2,417,622
78$3,680,414$998,758$615,643$2,594,347
79$4,010,200$1,002,081$590,651$2,787,987
80$4,372,187$1,004,129$563,384$3,000,272
81$4,769,614$1,004,796$533,722$3,233,111
82$5,206,051$1,003,967$501,537$3,488,611
83$5,685,427$1,001,520$466,698$3,769,093
84$6,212,072$997,327$429,064$4,077,120
85$6,790,758$991,250$388,492$4,415,517
86$7,426,738$983,144$344,829$4,787,398
87$8,125,803$972,856$297,919$5,196,201
88$8,894,331$960,222$247,596$5,645,714
89$9,739,350$945,070$193,687$6,140,116
90$10,668,601$927,216$136,013$6,684,016
91$11,690,615$906,466$74,385$7,282,493
92$12,814,789$882,614$8,609$7,941,150
93$14,051,478$855,443$0$8,666,167
94$15,412,092$824,723$0$9,482,097
95$16,909,200$790,209$0$10,382,508
96$18,556,653$751,644$0$11,373,263
97$20,369,712$708,754$0$12,463,560
98$22,365,191$661,252$0$13,663,536
99$24,561,620$608,832$0$14,984,362
100$26,979,412$551,172$0$16,438,350