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%19.3%
1 years$62,430$61,874$61,331$60,802$60,285$58,030
2 years$30,906$30,330$29,772$29,232$28,707$26,462
3 years$20,399$19,821$19,265$18,729$18,213$16,047
4 years$15,147$14,571$14,020$13,493$12,990$10,920
5 years$11,996$11,424$10,880$10,364$9,874$7,906
6 years$9,897$9,328$8,793$8,288$7,813$5,948
7 years$8,398$7,834$7,307$6,814$6,354$4,591
8 years$7,274$6,715$6,197$5,716$5,272$3,609
9 years$6,400$5,847$5,337$4,869$4,439$2,875
10 years$5,701$5,154$4,653$4,197$3,783$2,314
11 years$5,130$4,588$4,096$3,653$3,253$1,877
12 years$4,655$4,118$3,636$3,204$2,819$1,532
13 years$4,253$3,721$3,248$2,829$2,458$1,256
14 years$3,908$3,383$2,918$2,511$2,155$1,034
15 years$3,610$3,090$2,635$2,239$1,897$854
16 years$3,349$2,835$2,389$2,005$1,677$707
17 years$3,120$2,611$2,174$1,802$1,487$587
18 years$2,916$2,413$1,984$1,624$1,322$488
19 years$2,733$2,236$1,817$1,467$1,178$406
20 years$2,569$2,078$1,667$1,329$1,053$338
21 years$2,421$1,935$1,534$1,206$942$282
22 years$2,287$1,807$1,413$1,096$844$236
23 years$2,164$1,690$1,305$998$758$197
24 years$2,052$1,583$1,207$911$681$165
25 years$1,949$1,486$1,118$832$613$138
26 years$1,854$1,396$1,037$760$552$115
27 years$1,766$1,314$963$696$498$96
28 years$1,685$1,238$895$638$449$81
29 years$1,609$1,168$833$585$406$67
30 years$1,539$1,103$776$537$366$57
31 years$1,473$1,043$723$493$331$47
32 years$1,412$987$675$453$300$40
33 years$1,354$935$630$417$271$33
34 years$1,300$886$589$383$246$28
35 years$1,249$840$550$353$222$23
36 years$1,201$797$515$325$202$20
37 years$1,155$757$482$299$183$16
38 years$1,113$720$451$276$166$14
39 years$1,072$684$423$254$150$11
40 years$1,034$651$396$235$136$10
41 years$997$620$372$217$124$8
42 years$962$590$349$200$112$7
43 years$930$562$327$184$102$6
44 years$898$536$307$170$92$5
45 years$868$511$288$157$84$4
46 years$840$488$271$145$76$3
47 years$813$465$254$134$69$3
48 years$787$444$239$124$63$2
49 years$762$424$225$115$57$2
50 years$738$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $756,000, adding $2,039 every year, while hoping to spend $35,637 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: 57/16/27 Blend
58$756,000$756,000$756,000$756,000
59$835,215$795,147$783,429$876,544
60$882,490$796,192$771,757$906,160
61$933,392$796,093$758,499$934,507
62$988,254$794,758$743,564$964,669
63$1,047,441$792,087$726,859$996,832
64$1,111,354$787,973$708,283$1,031,203
65$1,180,435$782,306$687,733$1,068,011
66$1,255,166$774,967$665,099$1,107,510
67$1,336,082$765,829$640,269$1,149,982
68$1,423,767$754,759$613,123$1,195,739
69$1,518,866$741,616$583,536$1,245,127
70$1,622,085$726,251$551,380$1,298,529
71$1,734,204$708,503$516,518$1,356,371
72$1,856,079$688,206$478,807$1,419,122
73$1,988,653$665,182$438,101$1,487,304
74$2,132,961$639,242$394,243$1,561,492
75$2,290,145$610,187$347,072$1,642,324
76$2,461,461$577,806$296,419$1,730,508
77$2,648,288$541,877$242,108$1,826,823
78$2,852,148$502,163$183,953$1,932,134
79$3,074,714$458,417$121,763$2,047,397
80$3,317,830$410,374$55,336$2,173,670
81$3,583,522$357,755$0$2,312,120
82$3,874,023$300,268$0$2,468,521
83$4,191,793$237,600$0$2,657,125
84$4,539,538$169,425$0$2,863,617
85$4,920,239$95,394$0$3,089,812
86$5,337,177$15,143$0$3,337,709
87$5,793,968$0$0$3,609,514
88$6,294,593$0$0$3,920,284
89$6,843,434$0$0$4,263,975
90$7,445,322$0$0$4,640,953
91$8,105,573$0$0$5,054,557
92$8,830,047$0$0$5,508,466
93$9,625,194$0$0$6,006,732
94$10,498,123$0$0$6,553,817
95$11,456,661$0$0$7,154,639
96$12,509,434$0$0$7,814,612
97$13,665,943$0$0$8,539,705
98$14,936,652$0$0$9,336,489
99$16,333,092$0$0$10,212,206
100$17,867,966$0$0$11,174,832