Can I retire at age 59 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$62,678$62,119$61,575$61,043$60,524$59,448
2 years$31,028$30,451$29,891$29,348$28,821$27,740
3 years$20,480$19,900$19,341$18,803$18,285$17,234
4 years$15,207$14,628$14,075$13,547$13,041$12,027
5 years$12,044$11,469$10,923$10,405$9,914$8,940
6 years$9,936$9,365$8,827$8,321$7,844$6,912
7 years$8,431$7,865$7,336$6,841$6,380$5,489
8 years$7,303$6,742$6,221$5,739$5,292$4,443
9 years$6,425$5,870$5,358$4,888$4,457$3,649
10 years$5,724$5,174$4,672$4,214$3,798$3,030
11 years$5,151$4,606$4,113$3,667$3,266$2,537
12 years$4,673$4,134$3,650$3,217$2,830$2,140
13 years$4,269$3,736$3,261$2,840$2,468$1,815
14 years$3,924$3,396$2,930$2,521$2,163$1,547
15 years$3,624$3,102$2,645$2,248$1,905$1,323
16 years$3,363$2,846$2,398$2,013$1,684$1,135
17 years$3,132$2,621$2,182$1,809$1,493$977
18 years$2,927$2,422$1,992$1,630$1,327$843
19 years$2,744$2,245$1,824$1,473$1,183$728
20 years$2,580$2,086$1,674$1,334$1,057$630
21 years$2,431$1,943$1,540$1,211$946$546
22 years$2,296$1,814$1,419$1,101$848$474
23 years$2,173$1,696$1,310$1,002$761$412
24 years$2,060$1,589$1,212$914$684$358
25 years$1,957$1,492$1,122$835$615$312
26 years$1,861$1,402$1,041$763$554$272
27 years$1,773$1,319$967$699$500$237
28 years$1,692$1,243$899$640$451$206
29 years$1,616$1,173$836$587$407$180
30 years$1,545$1,108$779$539$368$157
31 years$1,479$1,047$726$495$333$137
32 years$1,417$991$677$455$301$120
33 years$1,359$938$633$418$272$105
34 years$1,305$889$591$385$247$91
35 years$1,254$843$553$354$223$80
36 years$1,205$801$517$326$202$70
37 years$1,160$760$484$301$183$61
38 years$1,117$723$453$277$166$53
39 years$1,076$687$424$255$151$47
40 years$1,038$654$398$236$137$41
41 years$1,001$622$373$217$124$36
42 years$966$593$350$201$113$31
43 years$933$565$328$185$102$27
44 years$902$538$308$171$93$24
45 years$872$513$289$158$84$21
46 years$843$490$272$146$76$18
47 years$816$467$255$135$69$16
48 years$790$446$240$125$63$14
49 years$765$426$226$115$57$12
50 years$741$407$212$106$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $759,000, adding $2,022 every year, while hoping to spend $44,245 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: 56/34/10 Blend
58$759,000$759,000$759,000$759,000
59$838,504$798,277$786,512$883,296
60$876,955$790,316$765,784$905,835
61$917,845$780,482$742,879$925,309
62$961,376$768,637$717,676$945,462
63$1,007,770$754,633$690,052$966,364
64$1,057,268$738,316$659,874$988,098
65$1,110,137$719,521$627,007$1,010,753
66$1,166,666$698,073$591,307$1,034,433
67$1,227,175$673,788$552,625$1,059,253
68$1,292,014$646,470$510,805$1,085,343
69$1,361,566$615,913$465,683$1,112,850
70$1,436,251$581,899$417,090$1,141,937
71$1,516,533$544,196$364,846$1,172,790
72$1,602,917$502,560$308,766$1,205,614
73$1,695,961$456,731$248,656$1,240,642
74$1,796,276$406,438$184,313$1,278,132
75$1,904,534$351,392$115,526$1,318,375
76$2,021,474$291,287$42,073$1,361,694
77$2,147,905$225,801$0$1,408,452
78$2,284,720$154,594$0$1,462,927
79$2,432,898$77,306$0$1,526,737
80$2,593,518$0$0$1,595,919
81$2,767,763$0$0$1,673,470
82$2,956,937$0$0$1,789,125
83$3,162,473$0$0$1,914,842
84$3,385,948$0$0$2,051,593
85$3,629,095$0$0$2,200,449
86$3,893,823$0$0$2,362,586
87$4,182,233$0$0$2,539,297
88$4,496,634$0$0$2,732,009
89$4,839,570$0$0$2,942,288
90$5,213,840$0$0$3,171,862
91$5,622,526$0$0$3,422,631
92$6,069,020$0$0$3,696,686
93$6,557,055$0$0$3,996,330
94$7,090,743$0$0$4,324,100
95$7,674,610$0$0$4,682,787
96$8,313,642$0$0$5,075,465
97$9,013,325$0$0$5,505,519
98$9,779,705$0$0$5,976,679
99$10,619,437$0$0$6,493,049
100$11,539,850$0$0$7,059,151