Can I retire at age 59 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,595$62,037$61,493$60,962$60,444$59,788
2 years$30,988$30,410$29,851$29,309$28,783$28,122
3 years$20,453$19,874$19,316$18,778$18,261$17,616
4 years$15,187$14,609$14,057$13,529$13,024$12,400
5 years$12,028$11,454$10,909$10,391$9,901$9,300
6 years$9,923$9,353$8,816$8,310$7,834$7,257
7 years$8,420$7,855$7,326$6,832$6,371$5,818
8 years$7,293$6,733$6,213$5,731$5,285$4,756
9 years$6,417$5,862$5,351$4,882$4,451$3,945
10 years$5,717$5,167$4,665$4,208$3,793$3,309
11 years$5,144$4,600$4,107$3,662$3,262$2,801
12 years$4,667$4,129$3,645$3,212$2,827$2,389
13 years$4,264$3,731$3,257$2,836$2,465$2,049
14 years$3,919$3,392$2,926$2,518$2,161$1,766
15 years$3,620$3,098$2,642$2,245$1,902$1,528
16 years$3,358$2,843$2,395$2,010$1,681$1,327
17 years$3,128$2,618$2,180$1,806$1,491$1,156
18 years$2,923$2,419$1,990$1,628$1,326$1,009
19 years$2,741$2,242$1,821$1,471$1,181$883
20 years$2,576$2,083$1,672$1,332$1,055$774
21 years$2,428$1,941$1,538$1,209$944$679
22 years$2,293$1,811$1,417$1,099$847$597
23 years$2,170$1,694$1,308$1,001$760$526
24 years$2,058$1,587$1,210$913$683$463
25 years$1,954$1,490$1,121$834$615$409
26 years$1,859$1,400$1,040$762$554$361
27 years$1,771$1,318$965$698$499$319
28 years$1,689$1,242$897$639$450$282
29 years$1,614$1,171$835$586$407$249
30 years$1,543$1,106$778$538$367$220
31 years$1,477$1,046$725$494$332$195
32 years$1,415$989$677$454$301$173
33 years$1,357$937$632$418$272$153
34 years$1,303$888$590$384$246$136
35 years$1,252$842$552$354$223$120
36 years$1,204$799$516$326$202$107
37 years$1,158$759$483$300$183$95
38 years$1,115$722$452$277$166$84
39 years$1,075$686$424$255$151$74
40 years$1,036$653$397$235$137$66
41 years$1,000$621$373$217$124$59
42 years$965$592$349$200$112$52
43 years$932$564$328$185$102$46
44 years$901$538$308$171$93$41
45 years$871$513$289$158$84$36
46 years$842$489$271$146$76$32
47 years$815$467$255$135$69$29
48 years$789$445$240$124$63$25
49 years$764$425$225$115$57$23
50 years$740$406$212$106$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $758,000, adding $4,699 every year, while hoping to spend $20,781 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: 71/14/15 Blend
58$758,000$758,000$758,000$758,000
59$840,163$799,989$788,240$896,635
60$903,749$817,078$792,535$951,834
61$973,124$834,307$796,278$1,009,284
62$1,048,857$851,662$799,427$1,071,636
63$1,131,573$869,127$801,941$1,139,372
64$1,221,963$886,683$803,775$1,213,022
65$1,320,783$904,311$804,882$1,293,168
66$1,428,870$921,989$805,213$1,380,453
67$1,547,143$939,695$804,715$1,475,586
68$1,676,614$957,402$803,336$1,579,347
69$1,818,399$975,085$801,018$1,692,595
70$1,973,725$992,714$797,701$1,816,277
71$2,143,944$1,010,256$793,324$1,951,438
72$2,330,546$1,027,679$787,820$2,099,227
73$2,535,172$1,044,944$781,121$2,260,912
74$2,759,626$1,062,014$773,156$2,437,890
75$3,005,900$1,078,844$763,848$2,631,699
76$3,276,184$1,095,390$753,120$2,844,035
77$3,572,894$1,111,603$740,888$3,076,768
78$3,898,688$1,127,430$727,067$3,331,957
79$4,256,495$1,142,816$711,565$3,611,872
80$4,649,544$1,157,700$694,289$3,919,014
81$5,081,388$1,172,018$675,138$4,256,141
82$5,555,945$1,185,702$654,010$4,626,291
83$6,077,529$1,198,679$630,797$5,032,811
84$6,650,892$1,210,870$605,384$5,479,393
85$7,281,273$1,222,192$577,654$5,970,103
86$7,974,440$1,232,556$547,483$6,509,423
87$8,736,750$1,241,869$514,741$7,102,293
88$9,575,207$1,250,029$479,293$7,754,157
89$10,497,526$1,256,928$440,997$8,471,015
90$11,512,210$1,262,454$399,707$9,259,478
91$12,628,626$1,266,485$355,268$10,126,836
92$13,857,094$1,268,891$307,518$11,081,119
93$15,208,987$1,269,536$256,289$12,131,179
94$16,696,836$1,268,275$201,406$13,286,771
95$18,334,445$1,264,953$142,685$14,558,646
96$20,137,028$1,259,405$79,935$15,958,655
97$22,121,348$1,251,459$12,956$17,499,855
98$24,305,874$1,240,929$0$19,196,639
99$26,710,958$1,227,620$0$21,074,235
100$29,359,026$1,211,324$0$23,143,578