Can I retire at age 59 with 758,000?

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 $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%16%
1 years$62,595$62,037$61,493$60,962$60,444$58,959
2 years$30,988$30,410$29,851$29,309$28,783$27,296
3 years$20,453$19,874$19,316$18,778$18,261$16,818
4 years$15,187$14,609$14,057$13,529$13,024$11,637
5 years$12,028$11,454$10,909$10,391$9,901$8,573
6 years$9,923$9,353$8,816$8,310$7,834$6,567
7 years$8,420$7,855$7,326$6,832$6,371$5,166
8 years$7,293$6,733$6,213$5,731$5,285$4,140
9 years$6,417$5,862$5,351$4,882$4,451$3,366
10 years$5,717$5,167$4,665$4,208$3,793$2,765
11 years$5,144$4,600$4,107$3,662$3,262$2,291
12 years$4,667$4,129$3,645$3,212$2,827$1,911
13 years$4,264$3,731$3,257$2,836$2,465$1,603
14 years$3,919$3,392$2,926$2,518$2,161$1,350
15 years$3,620$3,098$2,642$2,245$1,902$1,141
16 years$3,358$2,843$2,395$2,010$1,681$968
17 years$3,128$2,618$2,180$1,806$1,491$823
18 years$2,923$2,419$1,990$1,628$1,326$701
19 years$2,741$2,242$1,821$1,471$1,181$598
20 years$2,576$2,083$1,672$1,332$1,055$511
21 years$2,428$1,941$1,538$1,209$944$437
22 years$2,293$1,811$1,417$1,099$847$375
23 years$2,170$1,694$1,308$1,001$760$321
24 years$2,058$1,587$1,210$913$683$276
25 years$1,954$1,490$1,121$834$615$237
26 years$1,859$1,400$1,040$762$554$203
27 years$1,771$1,318$965$698$499$175
28 years$1,689$1,242$897$639$450$150
29 years$1,614$1,171$835$586$407$129
30 years$1,543$1,106$778$538$367$111
31 years$1,477$1,046$725$494$332$96
32 years$1,415$989$677$454$301$82
33 years$1,357$937$632$418$272$71
34 years$1,303$888$590$384$246$61
35 years$1,252$842$552$354$223$53
36 years$1,204$799$516$326$202$45
37 years$1,158$759$483$300$183$39
38 years$1,115$722$452$277$166$34
39 years$1,075$686$424$255$151$29
40 years$1,036$653$397$235$137$25
41 years$1,000$621$373$217$124$22
42 years$965$592$349$200$112$19
43 years$932$564$328$185$102$16
44 years$901$538$308$171$93$14
45 years$871$513$289$158$84$12
46 years$842$489$271$146$76$10
47 years$815$467$255$135$69$9
48 years$789$445$240$124$63$8
49 years$764$425$225$115$57$7
50 years$740$406$212$106$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $758,000, adding $5,431 every year, while hoping to spend $52,049 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: 42/35/23 Blend
58$758,000$758,000$758,000$758,000
59$840,918$800,744$788,995$870,373
60$871,312$784,601$760,047$875,760
61$903,062$765,922$728,384$876,189
62$936,250$744,529$693,861$875,611
63$970,968$720,231$656,326$873,962
64$1,007,313$692,828$615,619$871,176
65$1,045,389$662,107$571,573$867,184
66$1,085,313$627,844$524,014$861,916
67$1,127,207$589,801$472,761$855,298
68$1,171,208$547,727$417,624$847,255
69$1,217,460$501,355$358,404$837,712
70$1,266,124$450,404$294,893$826,589
71$1,317,374$394,579$226,877$813,806
72$1,371,396$333,564$154,128$799,281
73$1,428,399$267,028$76,411$782,933
74$1,488,604$194,622$0$764,678
75$1,552,258$115,974$0$746,035
76$1,619,627$30,695$0$745,433
77$1,691,002$0$0$744,085
78$1,766,701$0$0$765,712
79$1,847,074$0$0$801,274
80$1,932,499$0$0$839,123
81$2,023,395$0$0$879,451
82$2,120,215$0$0$922,466
83$2,223,460$0$0$968,398
84$2,333,677$0$0$1,017,498
85$2,451,463$0$0$1,070,042
86$2,577,475$0$0$1,126,331
87$2,712,433$0$0$1,186,696
88$2,857,127$0$0$1,251,501
89$3,012,423$0$0$1,321,145
90$3,179,270$0$0$1,396,066
91$3,358,713$0$0$1,476,743
92$3,551,896$0$0$1,563,705
93$3,760,078$0$0$1,657,532
94$3,984,639$0$0$1,758,860
95$4,227,099$0$0$1,868,390
96$4,489,124$0$0$1,986,892
97$4,772,548$0$0$2,115,210
98$5,079,386$0$0$2,254,274
99$5,411,852$0$0$2,405,108
100$5,772,382$0$0$2,568,835