Can I retire at age 59 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$62,843$62,283$61,737$61,204$60,683$60,301
2 years$31,110$30,531$29,969$29,425$28,897$28,511
3 years$20,534$19,952$19,392$18,853$18,333$17,956
4 years$15,247$14,667$14,112$13,582$13,075$12,710
5 years$12,076$11,499$10,952$10,433$9,940$9,587
6 years$9,962$9,390$8,851$8,343$7,865$7,525
7 years$8,453$7,886$7,355$6,859$6,396$6,070
8 years$7,322$6,759$6,238$5,754$5,306$4,993
9 years$6,442$5,885$5,372$4,901$4,469$4,168
10 years$5,739$5,188$4,684$4,225$3,808$3,520
11 years$5,164$4,618$4,124$3,677$3,275$3,000
12 years$4,686$4,145$3,660$3,225$2,838$2,576
13 years$4,281$3,746$3,270$2,847$2,475$2,225
14 years$3,934$3,405$2,938$2,528$2,169$1,931
15 years$3,634$3,110$2,652$2,254$1,910$1,684
16 years$3,372$2,854$2,405$2,018$1,688$1,473
17 years$3,140$2,628$2,188$1,813$1,497$1,293
18 years$2,935$2,429$1,998$1,634$1,331$1,138
19 years$2,751$2,251$1,829$1,477$1,186$1,003
20 years$2,586$2,092$1,678$1,337$1,060$887
21 years$2,437$1,948$1,544$1,214$948$785
22 years$2,302$1,819$1,423$1,104$850$696
23 years$2,179$1,701$1,314$1,005$763$618
24 years$2,066$1,594$1,215$917$686$549
25 years$1,962$1,496$1,125$837$617$488
26 years$1,866$1,406$1,044$765$556$435
27 years$1,778$1,323$969$701$501$387
28 years$1,696$1,246$901$642$452$345
29 years$1,620$1,176$838$589$408$308
30 years$1,549$1,111$781$540$369$275
31 years$1,483$1,050$728$496$334$246
32 years$1,421$993$679$456$302$220
33 years$1,363$941$634$419$273$196
34 years$1,308$892$593$386$247$176
35 years$1,257$846$554$355$224$157
36 years$1,209$803$518$327$203$141
37 years$1,163$762$485$301$184$126
38 years$1,120$724$454$278$167$113
39 years$1,079$689$426$256$151$101
40 years$1,040$655$399$236$137$90
41 years$1,004$624$374$218$124$81
42 years$969$594$351$201$113$72
43 years$936$566$329$186$102$65
44 years$904$540$309$171$93$58
45 years$874$515$290$158$84$52
46 years$845$491$273$146$77$47
47 years$818$468$256$135$70$42
48 years$792$447$241$125$63$38
49 years$767$427$226$115$57$34
50 years$743$408$213$107$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $761,000, adding $4,238 every year, while hoping to spend $57,599 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: 59/15/26 Blend
58$761,000$761,000$761,000$761,000
59$842,993$802,660$790,865$886,576
60$867,694$780,706$756,074$894,838
61$892,983$755,745$718,187$897,320
62$918,861$727,570$677,040$898,807
63$945,324$695,960$632,460$899,217
64$972,368$660,683$584,268$898,461
65$999,985$621,492$532,276$896,446
66$1,028,164$578,126$476,288$893,071
67$1,056,892$530,309$416,100$888,230
68$1,086,152$477,752$351,496$881,807
69$1,115,923$420,144$282,254$873,682
70$1,146,178$357,162$208,140$863,722
71$1,176,886$288,462$128,912$851,789
72$1,208,012$213,680$44,313$837,734
73$1,239,511$132,432$0$821,397
74$1,271,335$44,314$0$815,360
75$1,303,424$0$0$820,637
76$1,335,712$0$0$833,240
77$1,368,123$0$0$853,204
78$1,400,569$0$0$873,155
79$1,432,951$0$0$893,029
80$1,465,155$0$0$912,751
81$1,497,055$0$0$932,236
82$1,528,507$0$0$951,389
83$1,559,346$0$0$970,105
84$1,589,392$0$0$988,262
85$1,618,439$0$0$1,005,726
86$1,646,257$0$0$1,022,346
87$1,672,588$0$0$1,037,953
88$1,697,145$0$0$1,052,360
89$1,719,607$0$0$1,065,355
90$1,739,614$0$0$1,076,703
91$1,756,767$0$0$1,086,143
92$1,770,621$0$0$1,093,384
93$1,780,680$0$0$1,098,103
94$1,786,392$0$0$1,099,937
95$1,787,146$0$0$1,098,489
96$1,782,261$0$0$1,093,313
97$1,770,982$0$0$1,083,917
98$1,752,470$0$0$1,069,754
99$1,725,797$0$0$1,050,217
100$1,689,932$0$0$1,024,635