Can I retire at age 59 with 755,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,827 every year, while hoping to spend $42,975 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: 62/24/14 Blend
58$755,000$755,000$755,000$755,000
59$835,958$795,943$784,240$884,703
60$875,500$789,219$764,787$911,171
61$917,636$780,725$743,242$934,819
62$962,583$770,329$719,489$959,594
63$1,010,583$757,892$693,409$985,606
64$1,061,898$743,264$664,874$1,012,981
65$1,116,817$726,289$633,752$1,041,857
66$1,175,656$706,800$599,906$1,072,388
67$1,238,761$684,622$563,191$1,104,747
68$1,306,513$659,567$523,456$1,139,123
69$1,379,330$631,438$480,544$1,175,731
70$1,457,670$600,027$434,291$1,214,808
71$1,542,037$565,113$384,524$1,256,616
72$1,632,983$526,462$331,064$1,301,450
73$1,731,116$483,827$273,724$1,349,634
74$1,837,103$436,948$212,307$1,401,532
75$1,951,677$385,548$146,609$1,457,545
76$2,075,644$329,336$76,416$1,518,119
77$2,209,890$268,004$1,507$1,583,750
78$2,355,389$201,227$0$1,654,988
79$2,513,212$128,660$0$1,744,161
80$2,684,536$49,940$0$1,841,229
81$2,870,657$0$0$1,946,756
82$3,073,000$0$0$2,070,941
83$3,293,132$0$0$2,220,441
84$3,532,778$0$0$2,383,246
85$3,793,836$0$0$2,560,651
86$4,078,394$0$0$2,754,082
87$4,388,751$0$0$2,965,108
88$4,727,438$0$0$3,195,458
89$5,097,237$0$0$3,447,033
90$5,501,216$0$0$3,721,926
91$5,942,749$0$0$4,022,442
92$6,425,550$0$0$4,351,118
93$6,953,712$0$0$4,710,748
94$7,531,738$0$0$5,104,409
95$8,164,588$0$0$5,535,488
96$8,857,724$0$0$6,007,715
97$9,617,161$0$0$6,525,199
98$10,449,523$0$0$7,092,465
99$11,362,105$0$0$7,714,495
100$12,362,943$0$0$8,396,778