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%16.6%
1 years$62,678$62,119$61,575$61,043$60,524$58,893
2 years$31,028$30,451$29,891$29,348$28,821$27,190
3 years$20,480$19,900$19,341$18,803$18,285$16,705
4 years$15,207$14,628$14,075$13,547$13,041$11,523
5 years$12,044$11,469$10,923$10,405$9,914$8,463
6 years$9,936$9,365$8,827$8,321$7,844$6,462
7 years$8,431$7,865$7,336$6,841$6,380$5,065
8 years$7,303$6,742$6,221$5,739$5,292$4,046
9 years$6,425$5,870$5,358$4,888$4,457$3,277
10 years$5,724$5,174$4,672$4,214$3,798$2,682
11 years$5,151$4,606$4,113$3,667$3,266$2,214
12 years$4,673$4,134$3,650$3,217$2,830$1,839
13 years$4,269$3,736$3,261$2,840$2,468$1,536
14 years$3,924$3,396$2,930$2,521$2,163$1,289
15 years$3,624$3,102$2,645$2,248$1,905$1,085
16 years$3,363$2,846$2,398$2,013$1,684$916
17 years$3,132$2,621$2,182$1,809$1,493$775
18 years$2,927$2,422$1,992$1,630$1,327$657
19 years$2,744$2,245$1,824$1,473$1,183$559
20 years$2,580$2,086$1,674$1,334$1,057$475
21 years$2,431$1,943$1,540$1,211$946$405
22 years$2,296$1,814$1,419$1,101$848$345
23 years$2,173$1,696$1,310$1,002$761$294
24 years$2,060$1,589$1,212$914$684$251
25 years$1,957$1,492$1,122$835$615$215
26 years$1,861$1,402$1,041$763$554$184
27 years$1,773$1,319$967$699$500$157
28 years$1,692$1,243$899$640$451$134
29 years$1,616$1,173$836$587$407$115
30 years$1,545$1,108$779$539$368$99
31 years$1,479$1,047$726$495$333$84
32 years$1,417$991$677$455$301$72
33 years$1,359$938$633$418$272$62
34 years$1,305$889$591$385$247$53
35 years$1,254$843$553$354$223$45
36 years$1,205$801$517$326$202$39
37 years$1,160$760$484$301$183$33
38 years$1,117$723$453$277$166$29
39 years$1,076$687$424$255$151$25
40 years$1,038$654$398$236$137$21
41 years$1,001$622$373$217$124$18
42 years$966$593$350$201$113$15
43 years$933$565$328$185$102$13
44 years$902$538$308$171$93$11
45 years$872$513$289$158$84$10
46 years$843$490$272$146$76$8
47 years$816$467$255$135$69$7
48 years$790$446$240$125$63$6
49 years$765$426$226$115$57$5
50 years$741$407$212$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $759,000, adding $4,102 every year, while hoping to spend $25,010 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: 70/8/22 Blend
58$759,000$759,000$759,000$759,000
59$840,649$800,422$788,658$894,615
60$899,785$813,032$788,467$943,798
61$964,114$825,422$787,432$994,295
62$1,034,141$837,555$785,498$1,048,964
63$1,110,418$849,390$782,607$1,108,213
64$1,193,555$860,885$778,699$1,172,498
65$1,284,224$871,994$773,711$1,242,316
66$1,383,162$882,669$767,578$1,318,219
67$1,491,182$892,857$760,229$1,400,813
68$1,609,178$902,503$751,593$1,490,768
69$1,738,136$911,547$741,593$1,588,820
70$1,879,140$919,927$730,150$1,695,783
71$2,033,382$927,574$717,180$1,812,553
72$2,202,179$934,416$702,597$1,940,119
73$2,386,976$940,378$686,310$2,079,569
74$2,589,369$945,377$668,222$2,232,106
75$2,811,111$949,328$648,234$2,399,052
76$3,054,137$952,137$626,242$2,581,867
77$3,320,574$953,707$602,137$2,782,162
78$3,612,768$953,933$575,803$3,001,709
79$3,933,300$952,706$547,123$3,242,465
80$4,285,016$949,908$515,971$3,506,586
81$4,671,048$945,414$482,216$3,796,448
82$5,094,848$939,092$445,723$4,114,672
83$5,560,217$930,802$406,349$4,464,147
84$6,071,343$920,395$363,946$4,848,056
85$6,632,839$907,714$318,357$5,269,910
86$7,249,788$892,591$269,422$5,733,580
87$7,927,788$874,850$216,969$6,243,329
88$8,673,008$854,303$160,823$6,803,861
89$9,492,242$830,751$100,798$7,420,360
90$10,392,978$803,985$36,702$8,098,538
91$11,383,464$773,782$0$8,844,695
92$12,472,786$739,907$0$9,673,214
93$13,670,959$702,110$0$10,593,985
94$14,989,012$660,129$0$11,606,870
95$16,439,100$613,685$0$12,721,223
96$18,034,616$562,483$0$13,947,348
97$19,790,314$506,212$0$15,296,600
98$21,722,452$444,542$0$16,781,495
99$23,848,945$377,128$0$18,415,820
100$26,189,530$303,600$0$20,214,770