Can I retire at age 59 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$62,430$61,874$61,331$60,802$60,285$59,556
2 years$30,906$30,330$29,772$29,232$28,707$27,974
3 years$20,399$19,821$19,265$18,729$18,213$17,498
4 years$15,147$14,571$14,020$13,493$12,990$12,298
5 years$11,996$11,424$10,880$10,364$9,874$9,209
6 years$9,897$9,328$8,793$8,288$7,813$7,174
7 years$8,398$7,834$7,307$6,814$6,354$5,742
8 years$7,274$6,715$6,197$5,716$5,272$4,685
9 years$6,400$5,847$5,337$4,869$4,439$3,880
10 years$5,701$5,154$4,653$4,197$3,783$3,249
11 years$5,130$4,588$4,096$3,653$3,253$2,745
12 years$4,655$4,118$3,636$3,204$2,819$2,336
13 years$4,253$3,721$3,248$2,829$2,458$2,000
14 years$3,908$3,383$2,918$2,511$2,155$1,720
15 years$3,610$3,090$2,635$2,239$1,897$1,486
16 years$3,349$2,835$2,389$2,005$1,677$1,287
17 years$3,120$2,611$2,174$1,802$1,487$1,119
18 years$2,916$2,413$1,984$1,624$1,322$975
19 years$2,733$2,236$1,817$1,467$1,178$851
20 years$2,569$2,078$1,667$1,329$1,053$744
21 years$2,421$1,935$1,534$1,206$942$652
22 years$2,287$1,807$1,413$1,096$844$572
23 years$2,164$1,690$1,305$998$758$502
24 years$2,052$1,583$1,207$911$681$442
25 years$1,949$1,486$1,118$832$613$389
26 years$1,854$1,396$1,037$760$552$342
27 years$1,766$1,314$963$696$498$302
28 years$1,685$1,238$895$638$449$266
29 years$1,609$1,168$833$585$406$235
30 years$1,539$1,103$776$537$366$207
31 years$1,473$1,043$723$493$331$183
32 years$1,412$987$675$453$300$162
33 years$1,354$935$630$417$271$143
34 years$1,300$886$589$383$246$126
35 years$1,249$840$550$353$222$112
36 years$1,201$797$515$325$202$99
37 years$1,155$757$482$299$183$87
38 years$1,113$720$451$276$166$77
39 years$1,072$684$423$254$150$68
40 years$1,034$651$396$235$136$60
41 years$997$620$372$217$124$53
42 years$962$590$349$200$112$47
43 years$930$562$327$184$102$42
44 years$898$536$307$170$92$37
45 years$868$511$288$157$84$33
46 years$840$488$271$145$76$29
47 years$813$465$254$134$69$26
48 years$787$444$239$124$63$23
49 years$762$424$225$115$57$20
50 years$738$405$211$106$52$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $756,000, adding $6,645 every year, while hoping to spend $25,927 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: 57/34/9 Blend
58$756,000$756,000$756,000$756,000
59$839,966$799,898$788,180$885,687
60$898,057$811,507$786,998$928,887
61$961,203$822,816$784,908$972,458
62$1,029,895$833,783$781,851$1,019,303
63$1,104,668$844,362$777,767$1,069,736
64$1,186,115$854,506$772,592$1,124,107
65$1,274,885$864,163$766,260$1,182,799
66$1,371,695$873,279$758,702$1,246,236
67$1,477,333$881,795$749,844$1,314,887
68$1,592,666$889,648$739,609$1,389,265
69$1,718,650$896,773$727,918$1,469,941
70$1,856,336$903,098$714,686$1,557,541
71$2,006,880$908,548$699,826$1,652,758
72$2,171,558$913,043$683,246$1,756,355
73$2,351,772$916,497$664,850$1,869,173
74$2,549,067$918,820$644,537$1,992,143
75$2,765,145$919,915$622,203$2,126,288
76$3,001,879$919,681$597,736$2,272,738
77$3,261,333$918,007$571,022$2,432,741
78$3,545,779$914,780$541,942$2,607,671
79$3,857,720$909,875$510,368$2,799,046
80$4,199,913$903,164$476,170$3,008,538
81$4,575,393$894,509$439,211$3,237,993
82$4,987,506$883,762$399,347$3,489,447
83$5,439,935$870,770$356,429$3,765,143
84$5,936,738$855,367$310,299$4,067,559
85$6,482,386$837,381$260,795$4,399,425
86$7,081,803$816,627$207,745$4,763,753
87$7,740,415$792,909$150,972$5,163,865
88$8,464,197$766,021$90,290$5,603,424
89$9,259,734$735,746$25,504$6,086,470
90$10,134,280$701,851$0$6,617,457
91$11,095,827$664,091$0$7,205,491
92$12,153,178$622,209$0$7,854,683
93$13,316,036$575,930$0$8,568,579
94$14,595,086$524,965$0$9,353,788
95$16,002,105$469,009$0$10,217,597
96$17,550,067$407,738$0$11,168,042
97$19,253,267$340,810$0$12,213,980
98$21,127,457$267,866$0$13,365,175
99$23,189,989$188,523$0$14,632,393
100$25,459,988$102,380$0$16,027,502